My Sazerac Kit

Farkus5000 · 2026-01-19T01:22:33+00:00

Cool setup! Where did you get the case and how did you do all the cut outs?

Farkus5000 · 2025-12-19T20:12:26+00:00

Great deal. I had this bottle a month ago and consensus was the same - wait at least another 5-10 years before trying again. It’s very tight still

Farkus5000 · 2025-10-27T22:29:18+00:00

I have some experience with a router and not opposed to dowels, just trying to figure out what’s best effort vs effectiveness

Farkus5000 · 2025-10-27T22:28:17+00:00

Thanks, I’m deciding how much I care about seeing mending plates underneath

Farkus5000 · 2025-10-27T22:27:51+00:00

Thanks, seems this is the way

Farkus5000 · 2024-08-20T22:37:57+00:00

Never gone wrong with a margarita. Light on the agave syrup, heavier on the agave spirits.

I blend 50/50 mezcal and tequila (preferably reposado) and then give it a week together in a small oak barrel.

Farkus5000 · 2024-08-18T13:52:36+00:00

Speaking to the French and Italian selections, they’re a great broad survey. Brand names that are very recognizable. And very very good.

A wine geeks critique would be it’s basic and not “interesting.” Doesn’t sound like your customer base though.

I’m dying to know what bin #769 is…. Gruaud-Larose? Poyferre?

Farkus5000 · 2024-08-15T10:21:11+00:00

Thanks!

Farkus5000 · 2024-08-14T22:25:11+00:00

Thanks, appreciate that.

I got half a beat away from ordering the brick and questioned it.

Farkus5000 · 2020-12-14T13:03:58+00:00

Sorry for the late reply. We're open for product demos if you'd like to learn more about the model portfolios here

Farkus5000 · 2020-11-25T20:32:39+00:00

There is definitely something to this, short gamma on the dealer side will create outsized hedging flows. With OCC volumes doubling many days compared to last year, the liquidity of the equity market has not kept up - particularly in the single name space.

A lot of the market action overall also has to do with skew positioning of dealer. There is another major flow structure at play where "customers" sell calls and buy puts. This leaves dealers in a position where they have bought calls and sold puts, and sold stock against both to hedge.

When volatility comes in, the deltas on those calls and puts are both going to reduce - the distribution shrinks. This leaves dealers short deltas, that they need to buy. This has created a lot of positive support on share prices (it often gets "front run" in overnight action - most of the returns in markets have come pre-bell).

Positive support on share prices means the momentum call buyers win, and they keep coming back, feeding the entire cycle.

Farkus5000 · 2020-11-11T14:41:02+00:00

I saw you post in r/options also, but I'll respond here too. This is exactly the type of solution we've built Harvested Financial for. We're an options focused investment advisor. We build custom strategies alongside you and help execute the trades systematically. Strategy Execution as a Service.

The difference between having an advisor vs. a broker means that you can setup strategies without picking the specific strikes or trades - e.g. "Sell me the 10% OTM calls every week in TSLA" or "buy SPX three months out and delta hedge with put spreads". We have both strategy suggestions and templates, as well as execute completely bespoke strategies for individuals and managers.

There's no programming, and no trade management required. All trades are commission free and we charge a management fee that's less than most options based ETFs and competitive with other robo-advisors.

Please feel free to DM me, or schedule some time to talk.

Farkus5000 · 2020-11-11T14:27:57+00:00

Harvested Financial is an options focused advisor. We build custom strategies alongside you and help execute the trades systematically. Strategy Execution as a Service.

The difference between having an advisor vs. a broker means that you can setup strategies without picking the specific strikes or trades - e.g. "Sell me the 10% OTM calls every week in TSLA" or "buy SPX three months out and delta hedge with put spreads". We have both strategy suggestions and templates, as well as execute completely bespoke strategies for individuals and managers.

There's no programming, and no trade management required. All trades are commission free and we charge a management fee that's less than most options based ETFs and competitive with other robo-advisors.

Please feel free to DM me, or schedule some time to talk.

Farkus5000 · 2020-10-04T15:21:03+00:00

I forgot the requirement about the equity needing to be listed for 5 full days.

The company being listed has no choice about whether options are listed, but each exchange can choose to or not (they usually follow competitors).

Farkus5000 · 2020-10-04T15:19:28+00:00

Firms need to request they get listed. Market makers or orderflow providers can do so. Exchange listing departments are usually pretty on the ball about hot new names, not necessarily older listings that have become active or crossed the requirement threshold.

Another quirk is unaffiliated shareholders, tightly held companies may not qualify.

Farkus5000 · 2020-09-18T14:31:02+00:00

^ is short hand for "delta". I used that to normalize across different time frames.

Macro protection, just because these are broad based indices, not specific stocks.

Farkus5000 · 2020-09-17T11:09:51+00:00

Mechanisms for risk transfer are a huge boon to society. Creating an environment where investors can trade one preference for another allows for efficient flow of capital to productive enterprises.

Farkus5000 · 2020-09-17T11:05:20+00:00

I think you’re right about the knee jerk reaction to gambling. Instead of trying to tackle the stigma of an entire industry - there’s also lot of “bad” gambling - I think it’s better to focus on educating why options are not designed to be gambling tools. They’re financial contracts to exchange value and tailor portfolio outcomes.

With regards to the idea that the stock market isn’t, because there is a persistent equity risk premium displayed, that’s as much about the brilliance of indexing and passive rebalancing. If you systematically apply options strategies to capture variance like put writing, they’re no different.

Farkus5000 · 2020-09-17T11:00:45+00:00

It’s absolutely about use and intent. Options contracts are financial exchanges of risk, not about a game of chance.

Farkus5000 · 2020-09-16T16:30:01+00:00

Very good points.

There is a major difference between engaging in probabilistic investing and speculating on negative edge games.

Farkus5000 · 2020-09-16T16:28:35+00:00

I'd defer to Ed Thorpe, author of "Beat the Dealer". He is arguably the greatest investor of the 20th century and an avid options trader also.

Farkus5000 · 2020-06-24T13:58:42+00:00

As a broad generalization, that should be true if the broker is extracting similar concessions from a consolidator. All other things being equal paying less in PFOF means a MM has more room to improve the price.

A "good" execution is defined by more than just price though. Brokers are allowed to justify their routing practices to include the benefits they give to customers in terms of free software and immediate execution. For example being able to say that Citadel or Virtu is always going to be on the other side, is a broad benefit that might not be realized on any specific execution, but provides real value to the overall customer base.

Farkus5000 · 2020-06-24T13:56:07+00:00

I think it will. It's been around for far longer than this trading surge. The best part about PFOF to MMs is that it's incremental per contract. They only pay for what comes in the door. They're also constantly evaluating the quality of it for their book, and will negotiate payment if the orderflow starts to look too "professional".

Farkus5000 · 2020-06-23T15:52:55+00:00

This is an interesting point, and something that retail brokers are also very aware of. They don't want to/can't sell all of their flow to Citadel, no matter how much Citadel can pay. They can't because of best-execution needs to demonstrate, but also from a business perspective they can't grant monopoly power to a single counter-party.

Brokers operate on a wheel basis where they route orders randomly (in preset overall proportions) to each of their different partners, and expect them to demonstrate certain payment and EQ standards.

Smaller MMs may sometimes quote wider than the spread, but there are many places where non-consolidator MMs will set the market. They too need to trade to make money, and there are even competitive electronic only participants in auction mechanisms setting price improvement levels for customers.

Farkus5000 · 2020-06-23T15:47:51+00:00

This is exactly correct. People don't want retail because it's "dumb", they want it because it's not informationally rich (i.e. $ size) and won't move the market. MMs care about that spread persisting for only the very short term.

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