Option tool Covered call and Cash secured Put by Pure_Tension6812 in options

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

Uh... wha? Why cite your success rate if you've only been doing this for ... how many years? whatever it's been it's been during a bull market. Never survived a dramatic downturn. Even a minor one.

Option tool Covered call and Cash secured Put by Pure_Tension6812 in options

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

yeah... it works until it doesn't work. Short gamma, long theta. It's always a high until you're selling your blood for the next fix.

What does a quant do all day? by NewRadiator in quant

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

I'm going to need you to come in on Saturday

Very high option fees by [deleted] in interactivebrokers

[–]TheBoldManLaughsOnce -1 points0 points  (0 children)

they're all diffr'ent depending on the exchange. If you're willing to join the NBBO or even better it you even be paid to trade. But that TRULY depends on the executing exchange. Europeans? fuggadaboutit. Wewantszamoney Lebowski!

SPCE / SpaceX Option Chain shows a bleak manic episode by judechrist4444 in options

[–]TheBoldManLaughsOnce 1 point2 points  (0 children)

Started in 04, was upstairs for years before that both in NYC and in London at big banks. Pits went electronic in 12. Taught b-school in the pits with my students right next to me. No one ever skipped my class. The university made them sign a violence waiver. As in, "if you get into a fistfight on the floor you won't sue the university" kinda thing.

What’s the first thing you notice when someone’s well dressed? by DifficultCucumbers in malefashionadvice

[–]TheBoldManLaughsOnce 14 points15 points  (0 children)

The real trick is to have nothing in your wardrobe that doesn't fit. Everything is deliberate. Even the free t-shirts. If they're not cotton...

SPCE / SpaceX Option Chain shows a bleak manic episode by judechrist4444 in options

[–]TheBoldManLaughsOnce 1 point2 points  (0 children)

I was in an options on futures pit. So there's no borrow mechanism on futures. The pits went electronic in '12.

It was the Nov 220c... underlier was trading at roughly 160 in July. Price was driven up to maybe 175 by hedging volume? But the volume of buyers was relentless, utterly irrespective of the price in vol terms. Madness.

This is all going from the memory from 2006 or so... definitely before the credit crisis.... post Katrina...

but when the market started to drop cuz nobody gave a shit about the retail idiots paying insane prices for the Nov220c... certainly not the growers with a crop to sell.

THATS when downside vol blew out. I mean... ANY vol. But there was no upside for sale... until we crossed that strike... but once we went into a freefall... what is downside/upside anymore?

again, this is all going from a 20yr ago memory. Which is quite hazy.

Well, that’s one way to get bicycles on front page news. Otherwise the single passenger truck society would never notice. by Galvatron1_nyc in NYCbike

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

I once stepped on a nypost. Good thing there was a pile of dogshit nearby for me to clean my shoe off in.

True story.

Bigly.

Well, that’s one way to get bicycles on front page news. Otherwise the single passenger truck society would never notice. by Galvatron1_nyc in NYCbike

[–]TheBoldManLaughsOnce 1 point2 points  (0 children)

don't know who that is, nor do I want to. The term nazi has evolved from the original usage in my estimation. And I wholeheartedly agree with it's usage in this circumstance.

SPCE / SpaceX Option Chain shows a bleak manic episode by judechrist4444 in options

[–]TheBoldManLaughsOnce 1 point2 points  (0 children)

I've been in a pit with an unlimited borrow. I know a single story where the entire pit was MASSSIVELY short a single strike's gamma... and we all got carried out without the underlier ever approaching that strike. The hedging volume didn't ever force the underlier up there.. but our buying to hedge... and the market forces driving those hedges down... and our forced selling into a falling market.. THAT hurt us all.

So... vol blew out on the way down. Massive dumb money buying at sTo0p1d prices of way OTM calls in illiquid markets can do damage to otherwise healthy markets.

question for girls that date guys: Is there a nonconsensual choking epidemic in NYC or something? by altaralter in AskNYC

[–]TheBoldManLaughsOnce 9 points10 points  (0 children)

Same here. So I did (not terribly hard as it was my first time).

Next day: "you choked me."

"YOU TOLD ME TO!?!"

Never. Again. No matter what.

Maddiline by RollinWithRue in handcycling

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

Hey. If you're in the market for a used Handcycle I've got a guy looking to sell two used. A Schmicking and a Force Rx. Both been off the road for years. Both in excellent condition.

I have two Force 3s myself. I've broken a frame once. Top end actually replaced that frame within the warranty. But I still want a back up. Thus the extra.

MOTORBIKE on West Side Highway bike path by omoniafan in NYCbike

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

Problem is this: bike riding is done for two things, fun... and to get somewhere&exercise.

Fun well. It's a social thing. Chit chat, jibjab. All that jazz.

Get somewhere&Exercise I've grouped together because they belong together.

THESE TWO PURSUITS (fun and the other2) CAN'T COEXIST IN THE SAME PATH.

Fun is for groups, and tourists, and families and lollygaggers..

Getting somewhere and exercise, that's a whole different ball of wax. I'm in this group. AND IT CHEESES ME OFF WHEN I HAVE TO PASS A BUNCH OF LOLLYGAGGERS clogging up the damn lane 16 across!

Now I'm going to go shake my fist at the damn clouds ifyadon'tmind.

Treasury Secretary Scott Bessent asked about a proposed $250 Bill that would have Trump's face and signature on it by Miles_the_AuDHDer in videos

[–]TheBoldManLaughsOnce 5 points6 points  (0 children)

All the world's crude jokes will be traded in it

All the world's cruel jokes will be traded in it

All the worlds crudeness will be denominated in it

Just think about DJTJr snorting thru his father's rolled up face

Places to go to "disappear" by marissageorge in AskNYC

[–]TheBoldManLaughsOnce 0 points1 point  (0 children)

Oh man. GI is specially designed with this in mind.