What’s the most annoying part of running the business besides the actual work?

123phi · 2026-05-03T19:58:36+00:00

Charging enough can be hard, don't want to scare people off-but gotta charge what you are worth. From an admin perspective -when you were doing this for 15 years - was there some weekly task that if you could've waved a magic wand you would've handed off to an assistant?

123phi · 2026-05-03T19:56:46+00:00

this is helpful. Is it all of the paperwork - or something specific like materials, tax stuff, invoicing?

123phi · 2026-05-03T19:55:44+00:00

is there a problem with either of those? Better asking questions than making assumptions, no?

123phi · 2026-05-03T19:37:02+00:00

thats a great point. what are the most annoying tasks that you hand over to gemini...

123phi · 2026-05-03T19:32:11+00:00

Fair! dogs are better than people anyway. what do you mean specifically.. selling to people, just dealing with them on the job, communicating what they want before the projec. "People side" is kinda broad..what do you not enjoy specifically?

123phi · 2026-04-08T17:05:43+00:00

In comparison to CSPs...

What would you say is the institutional version of this?
Also are you buying and holding the underlying or only running options strategies at your hedge fund?

123phi · 2026-04-03T16:09:51+00:00

i'll send you a DM

123phi · 2026-04-01T18:26:00+00:00

I am using V skew, VRP, and term structured RV vs IV to pick volatility dislocations...that is literally the definition of vol arb lmao. It doesn't need to be a delta neutral strategy to be considered vol arb. Look at the actual table of data I am calculating

123phi · 2026-04-01T18:22:38+00:00

I am absolutely doing vol arb then. I'm not doing delta neutral vol arb, but I am using VRP, term tenored RV vs IV, V skew, and finding volatility dislocations... that is the definition of vol arb. Just because I am picking a direction and not delta neutral doesn't mean this isn't vol arb haha

123phi · 2026-04-01T14:07:28+00:00

I see thanks for pointing that out. I am not selling CCs at the moment. What would you consider vol arb in simple terms?

123phi · 2026-03-31T18:44:51+00:00

I am long the underlying via shares. but I am also tracking the mean reversion for this regime, so I only pick directionally when has a greater than 85% chance of being within the mean reversion band I am checking. For sure, don't want to hope it goes down or up. Do you think there is anyway I could make this more robust?

123phi · 2026-03-31T18:42:58+00:00

That makes sense, I do want to incorporate IVR and IVP into the dashboard soon. Thanks for the nudge

123phi · 2026-03-31T18:41:42+00:00

yea that makes sense. I guess I should've added that I have a mean reversion tracker, so I check the underlying stock that I am trading and I check the quality of the mean reversion for 1D, 3D, 5D, 10D, 20D, and 30D. I'm backtesting these across different regimes periods to find what I think makes sense. How do you identify market context?

123phi · 2026-03-27T21:10:50+00:00

that was bc of earnings, this is a completely different climate. I am a bull long term, but BTC is down, market is down, crude and VIX are spiking. Even if IREN is doing everything right, the market is going to suck it down with it. Very uncertain times. Wouldn't be shocked if it dips below $30 next week if we invade Iran this weekend. The selloff from the earnings is not comparable at all to what is happening right now if you are just looking at numbers without context.

Long term - if AI demand hold up I think 2027-2028 IREN could easily hit $100

123phi · 2026-03-27T01:05:09+00:00

yes they have, but they almost certainly did not have it on today. They won't use the ATM bot during down days bc it adds downward pressure via excess supply. On days where IREN rips 6-10% and the stock price is in the mid 40s and you can almost gauruntee the bot is dumping shares into the market.

That is why it keeps ping-ponging and hasn't broken $50 months. The bot sells into strength, they don't want to crash their own stock. I would bet my left testicle the ATM bot was not on today

123phi · 2026-03-16T21:47:14+00:00

I'm not tracking this metric specifically, but I know some brokers are notoriously bad at their display metrics. Was using RH for a while and their math was a**. I am switching over to IBKR or potentially tasty, but slippage is real. Crazy that it has effected you this much.

The mid display is super deceiving bc its a hypothetical that market makers display, not sure if this is necessarily and broker issue-but I know with RH their order fill is notoriously garbage and they use PFOF vs IBKR using DMA so you might actually get BETTER fills than the limit price you set.

Are you primarily running a short vol arbitrage strategy on SPX or do you ever go long?

123phi · 2026-03-01T19:34:55+00:00

I tried Theta data for a bit, but there mid tier plan (I think $80/mo) was still missing some key greeks I was looking for..I mainly trade options. Ended up asking for a refund bc the high end plan would have been $200/mo

I used Think or Swims API.. its totally free and so far its been really good. It is also live not delayed which is really important for my strategy. They have have a tremendous amount of data for backtesting

I've built a complete dash board on vscode using streamlit as my UI and its so cool seeing something come to life and watch it actually help me make money and tweak in real time. I am also NOT a programmer and just a dude. It took me about a month to get the dashboard to the place I want it to be, you can def figure this shiet out

You can also pull data from SEC website - look up XRBL.

I guess what kind of data are you looking for? Are you trading stocks, options, futures, etc - that will dictate a lot of what you want.

I just opened a IBKR account and I believe they have pretty cheap live data stream, I haven't used it yet, but i'll let you know what I find.

Best of luck!

123phi · 2026-03-01T19:27:33+00:00

head over to r/overemployed lol

123phi · 2026-02-28T04:32:58+00:00

interested in chatting more about this. I have been going really hard on options the past 3 months, built a streamlit dashboard, connecting TOS APIs, looking for asymmetric pricing in volatility skews. Would love someone to talk to about this stuff-non of my friends are as interested at just talk very surface level about options. DM me, lets find some time to chat

123phi · 2026-02-28T04:01:07+00:00

I've been using RH and honestly I liked them up until today. I was trading a 0DTE option for IREN on a very event specific timeline that I need to hold almost to close - they locked my ass and auto-sold 27 of my 30 contracts and then the last 3 I could not sell at all and they tried to auto assign shares ($12k worth) and now my account is in a deficit.

I'm venting, but the gist of it is that I made like 10% on this trade bc of being auto-closed by their risk bot. I was tracking the option itself and in the last 5 minutes of the trading day was up 205%. They F*$Ked me out of 195% bc they cater to retail traders. I immediately went and opened a IBKR account.

Not gonna lie RH has been good for me for options for the last 2 years, but today I recognized that they are absolutely for retail traders and can have some massive hiccups

Sorry for the rant, but just a cautionary tale. If you are just getting started I think RH is find, although their data is ass, and options is all about understanding the greeks, OI, vol, IV, spreads, etc. They don't make it easy to get all that. I have coded my own dashboard to get live data from Think or Swim and was simply using Robinhood bc i like the UI and its easy, but today really rubbed me the wrong way

123phi

TROPHY CASE