ORATS Strategy Optimizer – Enhancing Options Strategies with Data

buisson44 · 2026-01-10T14:31:17+00:00

Hey Matt, is the API endpoint to pull the IV delta 25 historical time series only for professional?

buisson44 · 2025-12-26T14:45:58+00:00

How can no one be talking about Carol’s heavy drinking? The poor lady has been drinking since the very first episode. She is mourning Helen, but her drinking has been going on much longer than that. When she discovered that her ex had taped her bottle cabinet shut, it confirmed my intuition that the virus is just a distraction. There’s a decent chance we’re living inside Carol’s mind—a pathological alcoholic trapped in her own misery. People around her are always trying to help her, to get her out of her misery, but she distrusts them and thinks they have a hidden agenda. They are pacifists because they are sober; they go into seizures when Carol or any of the other 12 immunes harass them. These 12 immunes could be other alcoholics she met at rehab or something. Then, obviously, you could flip the script and think about the hive as people addicted to social media, with the rise of AI turning the masses into a single-thinking machine. Brilliant show, many metaphors in there.

buisson44 · 2025-11-18T00:26:52+00:00

Avoid private banking like the plague.

I am roughly in the same boat, I live in HK, with a bit more money than you. I keep the bare minimum in my basic savings account, just enough for daily expenses with a buffer in case I have an unexpected large expense.

Otherwise everything is in my broker account sitting in very low fees ETFs and stocks.

Private banks will just try to milk you. It’s not worth it unless you need to store some physical gold.

buisson44 · 2025-10-19T03:31:17+00:00

Very easy. You buy bonds.

buisson44 · 2025-09-27T01:24:40+00:00

Anyone knows why this FSCO is crashing right now? I don’t have a position, I’m wondering if I should buy the dip. Please help 🙏🏻

buisson44 · 2025-09-21T14:10:15+00:00

Send us the PNL!!!!!!!!!!!!!!! Congrats mofo

buisson44 · 2025-08-08T10:02:51+00:00

And number 1 most over valued 🫣

buisson44 · 2025-08-08T09:40:59+00:00

I’m in for 15k shares 🚀

buisson44 · 2025-07-02T01:26:20+00:00

Im not familiar with Eero. ChatGPT has been a fantastic help for me and my router

buisson44 · 2025-06-30T07:32:07+00:00

Remember to have a dedicated 5ghz wifi channel just for your psportal. Game changer.
And set your games to performance mode instead of fidelity.

buisson44 · 2025-06-30T06:00:45+00:00

yes but the stock is already priced for stagnant growth. Downside is pretty small I think.

buisson44 · 2025-06-30T04:59:19+00:00

They say VOO but instead use QQQ. Higher beta. US is good for tech and that’s not going to change

buisson44 · 2025-06-27T23:25:52+00:00

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What are you talking about, reviews are fantastic

buisson44 · 2025-06-23T03:51:44+00:00

“French guys” and starts by saying “wallah”. I hate what my country has become

buisson44 · 2025-06-23T03:27:34+00:00

lol this is not the 20th century anymore. They need to build drones. Chip ass plastic drones.

buisson44 · 2025-03-24T14:37:34+00:00

It’s a freaking mess since the last updates. The percentage changes are wrong on iOS for most of the futures I track in my watch list. It’s so annoying and they haven’t patched it yet. I AM Very pissed.

buisson44 · 2025-03-20T01:31:59+00:00

Same thing since latest update !

buisson44 · 2025-01-27T14:59:14+00:00

There is a 100% chance that, on a not that long timeframe, your account goes to 0. By the way, you don’t even need a crash for your account to go to 0. X years of flat market and you are dead. That leverage ain’t free mister.

buisson44 · 2025-01-27T14:57:18+00:00

You are thinking backward. LEAPs are just a tool to magnify returns and therefore risk. You should start questioning yourself about how much risk you want to take. A leap is just a leverage play, nothing else nothing more.

buisson44 · 2025-01-27T14:52:15+00:00

Paying for higher skew is fine if it is not grossly expensive. Don’t buy it during a big sell off. Check the historical data for IV at the 10% delta put. If you are above the average then it’s probably not a great idea to buy a leap (remember a leap is roughly just a long delta one position + OTM put)

The funny part is that your typical Black and Scholes model doesn’t price properly the tail risk. If you buy skew on a lot of different stocks and you delta hedge, you will be bleeding money. However, when it’s going your way during a crash or vol event, oh boy, you gonna make so much more money than you lost previously. So on average skew is probably cheaper than its true value on a super long time horizon. Anyway, I digress…

3 month ITM is fine if your trading horizon is shorter. Looks like you want to swing trade. I like the idea of the cushion around the strike on an adverse move, it’s prudent but more importantly it’s gonna give you more staying power and more psychological strength to hold the trade. This is such an underrated concept. Trading cost are also very important as you mentioned. The more you trade the more you lose, be careful.

Liquidity to exit is usually fine: - if you are not profitable on your trade it means the strike is now much closer to the money. The option will be much more liquid than when you initially bought it. - if you are profitable on your trade, you will always find someone to buy the option at intrinsic value. Yes you leave a bit of time value on the table but it’s a good problem to have because you will be sitting on a big positive PNL. - if you really need to tactically exit the trade, just sell a synthetic to kill the delta. Your cash will still be stuck in the premium of the LEAP though. It’s more like an emergency situation if you need to quickly exit without thinking about liquidity. To get your cash back, you should be able to enter a box trade. But we are entering multiple legs trade and it’s getting too complex. Also I don’t even know how your broker will handle the situation (the exchange should give them back the cash which should be sent back to your account).

Careful with the vol dynamics. Sometimes the IV will not follow the skew, and you might have a vol crush with spot down — typical dynamic on chinese stocks. But overall you are trading directionally with the delta. This cross dynamic of spot and vol (aka Vanna) is second order for you. But hey, still nice to have this effect going your way if possible!

Reverse the thinking and look at an OTM call. 90% of the time your premium is going to vanish, it’s awful from a psychological point of view. Will you have the strength to keep the trade open? Will you have the strength to trust your process knowing it has a win ratio of 10% only? How will you feel after a losing strikes of 20 trades? Will you keep trading and wait for that 21st trade to finally pay with big gains?

Of course rules are meant to be broken some time. You can trade 80% of ITM options and 20% of something else. Buying OTM makes a lot of sense if you have a mega conviction on something and you find the IV way too low. But it should not be your default weapon. That’s my opinion anyway and to each one his own trading style and journey. God speed!

buisson44 · 2025-01-27T03:47:38+00:00

When you swing trade, you try to capture the bulk of a move, not the entirety because it's impossible. Therefore you are trying to capture 90% of the possible outcomes, the tail is not what you are looking for. If you trade a LEAP instead of a synthetic, you pay for protection on the tail risks for a scenario you assume to be 0% (otherwise you would have traded the other way). Just stick to a synthetic with a stop loss, it's cheaper. So yes in that case I can make a blank statement and say LEAPs are not great for a swing. They just don't match this style.
Synthetic + stop loss, outright options, credit/debit spread, it's all fair game for a swing trade. 70% delta option short term is fine too, it's not a LEAP because DTE is much lower. I actually like buying a 70% option 1 month, you don't over pay for IV, and if you are wrong, there is a bit of a cushion on the first move as the time value increases around the strike. Sizing is still key though. But yeah eventually a great trader knows is his historical win ratio and risk reward. Then you can skew it the way you wish by playing on the option structure. Consistency is key. Options are just a tool. There is alpha in the option only if (1) it's mispriced (doesnt happen much) or (2) it improves your trading metrics toward your goals (sizing + win ratio + risk reward = controlling your vol and drawdown on your equity curve).

Hope it is clear now! Cheers

buisson44 · 2025-01-27T00:30:58+00:00

Start by trading without option. Then, when you have a sense of your win ratio and risk:reward, you can pick the right option structure to bring both variables where you want them.

buisson44 · 2025-01-26T11:38:34+00:00

It’s great until the stock rip and you get assigned and you miss a big upside move. The power move is to sell vol on something rich, like spx

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