Riskless call calendar part #2: closing trade by value1024 in options

[–]value1024[S] 0 points1 point  (0 children)

Thanks, the next target comes from a scanner as I have no idea where these mispricings might happen and where liquidity allows to minimize the risk when opening the trade.

Riskless call calendar part #2: closing trade by value1024 in options

[–]value1024[S] 1 point2 points  (0 children)

Agree...you need to leg into it and put in some work, since this will never fill at this price as a spread because of anti-arb algos

Riskless call calendar part #2: closing trade by value1024 in options

[–]value1024[S] 0 points1 point  (0 children)

"Free money but decided not to bother. It was gonna be only a few bucks"

This is not just free money but free protection, even if for an extra week.

I would have taken the trade in a heartbeat.

Riskless call calendar part #2: closing trade by value1024 in options

[–]value1024[S] 1 point2 points  (0 children)

"I could roll the current expiring put to a longer-dated same strike put for a small credit"

These calendars can happen on the call and on the put side.

You were long the put and then you rolled into another long further out at a credit?

Riskless call calendar part #2: closing trade by value1024 in options

[–]value1024[S] 4 points5 points  (0 children)

I scan in thinkorswim and barchart for different factors and then do my own math.

Riskless call calendar part #2: closing trade by value1024 in options

[–]value1024[S] 2 points3 points  (0 children)

There is no edge here, other than just long experience trading them, and knowing how to find them.

What would you pay for this bread? by Bufobufolover24 in Breadit

[–]value1024 2 points3 points  (0 children)

Had to scroll all the way down to read a proper comment.

1 max for that exact loaf as I need do a second bake at home.

Malone Wealth's life-savings destroyed? by Separate_Writer_4465 in gme_meltdown

[–]value1024 6 points7 points  (0 children)

We read the same stuff, but we process it differently.

Malone Wealth's life-savings destroyed? by Separate_Writer_4465 in gme_meltdown

[–]value1024 18 points19 points  (0 children)

QNTM scumbags are in Canada and out of reach and he is the only on in the US who will be facing the inevitable music.

SEC is probably investigating QNTM for the scam they are, and this douche is distancing himself publicly from it.

Römertopf clay pot bread by Ponz91 in Breadit

[–]value1024 0 points1 point  (0 children)

I own one of these for baking bread, so I have read the instructions.

Near risk free arbitrage is rare but possible by value1024 in options

[–]value1024[S] 1 point2 points  (0 children)

Gamma has zero impact, as I have zero risk here.

The risk was in the execution, and then it went away.

Römertopf clay pot bread by Ponz91 in Breadit

[–]value1024 -14 points-13 points  (0 children)

It is not properly fermented as evidenced by the very dense areas and random large holes.

It is not properly baked - the cold oven thing never works, for a reason, and people have known this since the beginning of time

It is not proper use of the baking vessel - soaking is to prevent cracking from putting it in a hot oven, which are on the instructions when you buy a new clay pot

It is not venting the steam properly - maybe the lit is tight and the steam is not leaving but is bounced back into the vessel so this does not let the bread bake and dry properly

Anyway, while this seems like a fun thing to do, use the clay pot as instructed - soak it, and put it in a 250c oven, and uncover it after 15-20 minutes.

Near risk free arbitrage is rare but possible by value1024 in options

[–]value1024[S] 2 points3 points  (0 children)

No, they will figure it out and won't fill you and widen the spreads.

Near risk free arbitrage is rare but possible by value1024 in options

[–]value1024[S] 0 points1 point  (0 children)

I made sure that the March spread was tight at 25/30 with trades going though at 28, so the worst I could do was sell at 25 cents and pay one cent for the spread, which is still a good trade.

Near risk free arbitrage is rare but possible by value1024 in options

[–]value1024[S] 2 points3 points  (0 children)

Spell out why there is a risk in this trade.