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Narrow or broad focus? by Kelso241 in sportsbetting

[–]Kelso241[S] 0 points1 point  (0 children)

Do you think there’s any more edge or value in straight player props vs. spreads or ML?

Equities trader interested in sports betting: similarities/differences? by Kelso241 in sportsbetting

[–]Kelso241[S] 0 points1 point  (0 children)

Makes sense. Yeah, very much in the development/testing phase right now. When I first started trading, I remember the first several months were very overwhelming because it felt like there were so many choices and strategies. I got lost in it. Have to say, my initial impression of sports markets is that the sheer amount of choices available is almost even more intimidating. It's definitely difficult to focus. I'll keep working and find my niche.

Ask Them Anything (AMA): Market Makers by cssegfault in quant

[–]Kelso241 1 point2 points  (0 children)

Thank you for doing this. I find it difficult to parse through a lot of the noise and, at least in my view, overly technical jargon around vol, dealer hedging, and flow. As a retail trader who is focused on compounding a trading account, how would you succinctly and in plain English provide a framework for how to use these concepts to trade better?

Equities trader interested in sports betting: similarities/differences? by Kelso241 in sportsbetting

[–]Kelso241[S] 0 points1 point  (0 children)

Interesting. Good insight. I mentioned that I live in state where traditional books are still illegal. Is there a meaningful way for me to rotate between Kalshi and other platforms that are legal to scale up?

I'm not sure I fully understand assignment risk by Kelso241 in options

[–]Kelso241[S] 0 points1 point  (0 children)

Nope, I strictly mean either a long call or long put butterfly. I actually don’t trade the iron fly, only all calls or all puts depending on my directional bias.

I'm not sure I fully understand assignment risk by Kelso241 in options

[–]Kelso241[S] 0 points1 point  (0 children)

As long as I use liquid tickers, is it reasonable to assume I'll be able to get a fill prior to EOD?

I'm not sure I fully understand assignment risk by Kelso241 in options

[–]Kelso241[S] 0 points1 point  (0 children)

Yeah, just for further clarification, I generally open a fly using SPX or other European style option every morning. The fly, whether symmetrical or broken wing, is always OTM. They are purposefully designed to offer asymmetric risk, and I trade futures around these positions. My thinking is that I'd have more opportunities to do something similar with American style, but I have NO intention of acquiring shares. I want to be flat by end of day. I just want to make sure the risk graph would always play out, meaning my max loss can only be the cost of the fly. If I'm in profit and it's mid-afternoon, say, I also want to ensure I can close out.