would love to know how the average TastyTrader has done in this

Discussion in 'Options' started by NewTraderAdventure, Mar 23, 2020 at 5:29 PM.

  1. under the EXPERT guidance of Tom
     
  2. jamesbp

    jamesbp

    Sossy was essentially short strangles across 80+ different tickers
    ... and by his own admission ... his short delta was good for the first 3% drop

    When the tide rolled out
    ... Sossy was found completely stark bollock naked ... except for his beret !
     
    DTB2 and zghorner like this.
  3. zdreg

    zdreg

    Picture please! "when the tide rolls out we know who the naked king is."
     
    Last edited: Mar 23, 2020 at 8:25 PM
  4. 3% ???

    That gets wiped out on the bid/ask now
     
    FriskyCat likes this.
  5. ironchef

    ironchef

    Must be printing $ writing calls, all expired worthless.
     
    ET180 likes this.
  6. zghorner

    zghorner

    could you imagine selling a bunch of puts a month ago because stonks only go up?
     
    FriskyCat likes this.
  7. ET180

    ET180

    That's what I did. Started selling calls aggressively once the drop started. Certainly did not offset the loss from my existing longs and I wish I closed more positions earlier. But it helped.
     
    ironchef likes this.
  8. ironchef

    ironchef

    I should have follow you. Where were you when I needed you? :(
     
  9. Pekelo

    Pekelo

    Like most traders, they are losing money FASTER due to volatility.

    This morning most put holders on reddit got caught by the fed's money printing and futures being limit up. Very few people can hold, thus they will sell with a loss.
     
    DTB2 likes this.
  10. themickey

    themickey

    When the market looks too obvious, gtfo!