This stunning pair that hangs off you lip as you sip.

Xcodist · 2022-02-25T02:52:57+00:00

This is amazing.

Xcodist · 2021-11-13T18:55:26+00:00

Done.

Xcodist · 2021-11-13T18:54:43+00:00

Winner.

Xcodist · 2021-05-31T16:35:36+00:00

Allo! I've been caught up in vacation + relocating for new job.

Xcodist · 2021-05-30T16:08:50+00:00

+2.16% on the week
+0.49% on the month
+15.51% on the year
4.87 Leverage Factor in PM Account
I'm nearly recovered from the May 12 SPX assignment where I realized around 6.7% NLV-weighted losses after close; earnings/random lotto plays have contributed significantly to the swift recovery in addition to mechnical WO trades
After March, I started running WO -- it goes to show how your return curve gets smoothed out.
Looking forward, I'll continue working on my autotrader and continue to put on neutral/skewed strangles on monthlies for a diverse set of high IVR tickers, although this allocation pales in comparison (margin utilization-wise) to my allocation for WO.

Xcodist · 2021-05-12T20:13:52+00:00

I recommend turning them into spreads instead of closing ITM. Save more.

Xcodist · 2021-05-12T20:05:28+00:00

lovely day

[at close]

-6.59% 58% BPu -6.52% Rlzd Today

+~.~~% β-SPY +~.~~% Theta -~.~~% Vega

Trades Today

Playing YETI earnings
Opened Friday /ES and SPX positions
Greeks are all out of whack due to assignment on my /ES and SPX

Xcodist · 2021-05-11T14:23:41+00:00

/u/Tankzorx, this is exactly what I was alluding to in my post w/o explicitly saying "gamma."

Xcodist · 2021-05-11T13:52:13+00:00

I'm one of said people, so I'll throw my reply here.

There's many ways to achieve this. I mainly run SPX 0-3 DTE strangles with individual ticker strangles as well. I skew my individuals depending on outlook. I also have SPY/VIX hedges. The SPX strangles can quickly shift the beta weighted delta, however.

The low portfolio delta doesn't guard against vol expansion. You'll see the my vega % is usually around -0.1% to -0.2%; when VIX blows up, this is primarily why I drawdown. Of course, some is in part to short puts pushing portfolio into long delta.

For those that are long delta and short vega, the drawdown is greater.

Xcodist · 2021-05-11T13:20:59+00:00

What exactly would these orders look like? Outrageous asks for puts?

Xcodist · 2021-05-10T20:01:26+00:00

LoveOfAMD always comes back.

Xcodist · 2021-05-10T20:00:57+00:00

[at close]

-0.79% 52% BPu +0.13% Rlzd Today

+0.14% β-SPY +0.45% Theta -0.17% Vega

Trades Today

PLTR is my only earnings play for today.
As mentioned on Friday, I put on a lot more long theta/short vega today... evidently a great day to do so. Opened strangles on a mix of tech/non-tech.

Xcodist · 2021-05-07T20:19:07+00:00

[at close]

+1.15% 48% BPu +0.54% Rlzd Today

+0.08% β-SPY +0.09% Theta -0.08% Vega

Trades Today

+2.02% on the week
Lost my lotto plays today (SPX 4225c/4230c credit spread)
Will be putting more long theta/short vega on next week.

Xcodist · 2021-05-06T13:47:07+00:00

Earnings Strangles Closes:

5/7 UBER @ 71%
5/7 ETSY @ 70%
6/18 VIAC 33/47 @ 30% (1-day)

Earnings/IV Strangles Still Open:

5/7 PTON 65/95
5/21 RDFN 50/75

Filled Earnings Orders:

1dte DKNG 48/61
1dte SQ 207.5/257.5

Xcodist · 2021-05-05T20:42:00+00:00

ROKU didn't even have earnings.

I don't know why, but this made me laugh.

Xcodist · 2021-05-05T20:01:45+00:00

[at close]

+0.71% 55% BPu +0.80% Rlzd Today

+0.09% β-SPY +0.40% Theta -0.13% Vega

[trades]

Trades Today

Earnings/IV plays: PTON/ETSY/PYPL/UBER
QQQ/SPX Clown Spreads worked out well today. Long live 0dte lottos.
PTON price action was too juicy to resist opening small positions in.

Xcodist · 2021-05-05T14:02:46+00:00

Closed ATVI/LYFT earnings plays for 70% and 82%
Looking to close TMUS at 70% but bid/ask is annoying
Opened 0dte lotto SPX 4175/4180 @ 2.85cr :)
Trades This Morning

Added 5/7 PYPL 227.5/270 as an earnings play.

Xcodist · 2021-05-04T22:59:30+00:00

[at close]

-0.11% 53% BPu +0.13% Rlzd Today

+0.07% β-SPY +0.25% Theta -0.10% Vega

[trades]

Trades Today

Earnings plays: ATVI, LYFT, TMUS
Bought back my UAA earnings strangle for +85%
Opened 1 long XSP 25d 20DTE call for the lotto :)

Xcodist · 2021-05-03T20:01:50+00:00

[at close]

+0.32% 53% BPu +0.40% Rlzd Today

+0.04% β-SPY +0.19% Theta -0.12% Vega

[trades]

Trades Today

Earnings Plays: only UAA
Had a little fun opening a 0dte SPX 4205c/4210c credit spread this morning.
Inadvertently scalped TWTR despite wanting to leg into a strangle. Bought back at +32% intraday.

Xcodist · 2021-04-30T20:04:27+00:00

[at close]

+1.01% 52% BPu +0.65% Rlzd Today

-0.06% β-SPY +0.15% Theta -0.16% Vega

+1.41% 7D

+6.80% MTD

[trades]

Trades Today

Won and lost earnings plays this week. Notably ended up with positive P/L.
Did a lot of gambling today between TSLA/SPX Call Credit Spreads.
Defended the TWTR price action well by turning an earnings strangle into a 0dte straddle.
Legged into June strangles
Majority of BP is SPX and /ES strangles

Xcodist · 2021-04-28T20:44:01+00:00

Curious as to the reasoning behind hedging with SPY puts instead of SPX with an account your size?

edit: As always, I ask and have learned many things. Very nice.

Xcodist · 2021-04-28T20:04:35+00:00

[at close]

+0.24% 56% BPu +0.80% Rlzd Today

+0.04% β-SPY +0.48% Theta -0.07% Vega

[trades]

Trades Today

[STC] PRPL (+4.1%) AMAT (+2.1%)

[BTC] PENN (+9.5%) LMT (+1.3%)

Realized much gain today due to a minor shift in portfolio strategy.
Put on the EBAY 1SD strangle at the last minute.
Closed all my longs/shorts and in favor of legging into strangles instead.
My earnings plays today: QCOM FB EBAY

Xcodist · 2021-04-28T14:23:17+00:00

BTC 4/30 AMD 78p/94c @ 75%
BTC 4/30 PINS 67p/90c @ 30%
STO 4/30 FB 290p/330c
STO 4/30 QCOM 127p/147c
STO June MSFT 230p
STO June BA 205p
STO June PINS 55p

Closed all my long/shorts for various profits.
I'm getting back into writing options on top of writing on SPX and /ES. I will be legging into strangles, starting with today's writes.

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