Jag_Warrior

[quote]He's been really emphasizing this IWM/QQQ ratio trade for a couple of weeks. I don't quite understand it. Perhaps you know what he's talking about...[/quote] Sorry. Can’t say that I’m familiar with that. I sometimes do ratios, but not in a pairing strategy. ...

[quote]The tasty overall doctrine is go smaller, but use more debit verticals, calendars and diagonals[/quote] Yep. Tried & true. ...

Come on now. BMW mechanics need a way to send their kids to a private college too (says the Jaguar owner). :lol:...

[quote]If you listened to Tom on today’s Last Call episode, his “risk off” explanation was very enlightening regarding a huge decrease in options premiums. This is probably what’s happening with SCHW calls.[/quote] I haven’t had a chance to see the episode yet. He’s going “risk off” with hi...

Lots of occurrences are the best way to test a system. :thup:...

[quote]Who the f sues over a $25 fine and then f ing appeals it [/quote] Who? The ego driven Karens and Darrins who typically seek power in HOAs. My fiancée’s daughter manages HOA communities and the stories she tells me meet or exceed what’s in the OP. ...

That Trade Machine seems to be working pretty well for you, yes?...

[quote]What’s your earnings strategy? Still the IC/strange approach? I’ve been dabbling in diagonals/ calendars with some success. Front month benefitting from IV increase as earnings date.approaches.[/quote] A friend of mine does straddle/strangle swaps around earnings events. He’s a fan of ...

Gotcha. Thanks for that info. ...

If you get the opportunity, TastyTrade/Sosnoff & Battista have a series of videos comparing the risk vs. reward on these 0-1DTE SPX options trades (both long and short). He speaks to the gamma effect and how fast the deltas and losses can get out of hand (or profit, if long), compared to a standard ...

[quote]I disagree. The house should go to the man that died not his brother. If the man has kids for example and you sign it over to the brother, you are selling what should go to the kids to the brother for one months rent[/quote] Exactly! I’m not sure why he brought karma into the discussion or...

[quote]I just bought a coke at a vending machine with my Coinbase debit card via my crypto.[/quote] I don’t know anything about this, so this is purely a question. Did that transaction reduce your crypto balance by the amount paid for the Coke, or just your account balance? I’m just curious be...

I know what you mean. I typically sell 10-20 contracts per trade. Of course the % gain is still the same, but the $ are more meaningful. Yes, the good thing about SPX (and I’m guessing SPY) is it’s not hard to get fills because it’s SO liquid. A relatively low IV environment is kind of nerve rac...

Yes. Because the deltas aren’t as beneficial on these short duration trades, I’m more focused on win rate and being able to recycle the capital daily. When the VIX is low, this is especially the case. With a higher VIX, I would be more aggressive. ...

I truly hope this works out and doesn’t cause you any headaches. I acted as executor for my uncle’s estate and over those two years, I learned a [b]LOT[/b] about human nature when larger amounts of money are involved - none of it good. So good luck. Please keep us updated. :cheers:...

[quote]"Continue to deal fairly… and legally" [/quote] Not really a Catch-22. I try to do it in my dealings. Although the OP’s situation is pretty unique, I believe that with ([b]professional[/b]) legal guidance, he can too. I mean, don’t look for a slick, legal loophole in order to benefit himse...

Good question, but I’m not sure. Theta decay shouldn’t be hitting the 4/21 calls hard yet. Not in one day anyway. The stock slipped back a bit from its 55.29 high to close at 54.86 - so nothing dramatic there. IV is still elevated at 68.43% and 44% IV percentile. The delta is about 13 with a probabi...

Pardon me, but it has nothing to do with ethics. It has to do with legalities. If this man had a will or other siblings or relations (that we don’t know about), then they may have as much legal right (or more) to this property as the brother (that we do know about). I certainly [b]did not[/b] su...

[quote]No way would I just put the brother on the deed.[/quote] Certainly not. I wouldn’t have an issue honoring the deal with the estate of the deceased. The brother who was living there, executor or not, is possibly/probably a beneficiary of the estate… but who knows how many others there may b...

I can’t offer any opinion on that one. The probability tables/deltas don’t mean very much in a situation like that and that’s typically what guides me. But best of luck. :cheers: Fairly quiet day in IC land today. Sold a 5 lot of low delta SPX ICs later in the session, kept the risk low and made ...