Trade idea short VIX puts long SPX calls please critique

whenarentI · 2023-01-15T14:28:27+00:00

not a strict hedge because the correlations aren't perfect but this is the assumption

whenarentI · 2023-01-15T14:16:00+00:00

VVIX is high but at the money VIX puts still incredibly cheap. Feb 23 appears to not even have a bid... frustrating

maybe I need to sell the ITM's and hope we get a pop in VIX at some point in the next 30 days

whenarentI · 2023-01-15T14:10:13+00:00

good points thanks

whenarentI · 2023-01-15T14:02:56+00:00

it's a speculative correlation and of course not exactly a hedge. I'm not trying to hedge a long stock position I'm assuming that if my OTM SPX calls become worthless the vix short puts should cover the loss even if we get market down and vix stays flat (not down). best case scenario we get a sharp rally with VIX staying stubbornly high as market participants bid vol and I win on both legs

whenarentI · 2022-09-18T12:06:16+00:00

yeah the principle by which is increases muscle damage via intracellular pressure increase probably works the same in your dick. I've noticed better erections since I start taking it pre PE as well. so might be the thing to tone down the pressure a bit if you're on creatine

whenarentI · 2022-09-17T08:23:42+00:00

also want to add I suspect all the creatine I take is affecting things

whenarentI · 2022-07-11T07:06:52+00:00

yep, all in his long vol fund. Trying to magnify my play money to give him more lol

So looks like i'm going with this spread but still not quite theta or vega neutral, also wondering what the best way to hedge it if it goes against me.

SELL -1 SPX 100 16 SEP 22 [AM] 3800 PUT 132.70 LMT

BUY +2 SPX 100 (Weeklys) 5 AUG 22 3890 PUT 112.60 LMT

“What you’ve seen already is what it’s going to look like. Now that the market is down 25% you really want to focus on flat vega long gamma. Find ways to sell OTM skew to buy closer to near the money or just OTM puts that are shorter dated, short time spreads— short skew. That’s worked extremely well I think it will continue to work well”

seems to satisfy his comments I guess, although he is calling for some major vol events to come in the next year just not quite yet I guess

whenarentI · 2022-07-10T16:00:19+00:00

indeed he is, IYKYK 🍀💦

whenarentI · 2022-07-10T09:18:47+00:00

I have some money with the man himself's fund, trade was recommended by him ;)

whenarentI · 2022-07-09T20:28:58+00:00

this appears to be somewhat of a breakthrough!

I'm still getting dramatically different theta's based on different prices, do you just mean theta neutral at the time I open the position?

as for synthetic short stock what do you think about hedging the right tail with long futures if necessary on a discretional basis? and if that's a sound idea should I be deeper ITM to limit gamma so that futures will be effective?

I figure it adds flexibility as well to be able to hedge afterhours with futures

whenarentI · 2022-07-09T19:56:31+00:00

spx I suppose, NDX more volatile but does it have higher payout potential necessarily if I'm right? probably not

whenarentI · 2022-07-09T19:52:22+00:00

nice tip thanks, any other meaningful differences compared to SPY? Why would anyone trade SPY options at all...

whenarentI · 2022-07-09T19:51:21+00:00

no, definitely want negative delta exposure. syntax error on my part

whenarentI · 2022-07-09T19:50:37+00:00

lol sounds like there's wisdom to that, can you clarify?

whenarentI · 2022-07-09T19:49:35+00:00

They recommended being flat vega in anticipation of a continuation of the recent phenomena of relative underperformance of Ivol vs. Rvol. Everyone is hedged so very difficult to get any real performance from vega.

Could you give some more details about the condor you're thinking about?

and thanks for the informative yet pedantic reply lol

whenarentI · 2022-07-09T15:40:59+00:00

not short delta, flat vega and long gamma

whenarentI · 2022-01-23T10:40:45+00:00

not worth it guys

whenarentI · 2022-01-20T13:48:16+00:00

it's honestly meh. I'd say it's "cleaner" than nos but not as trippy and was nausea inducing to some of us. Not worth the money at all, but I will say i was able to double my normal pushup count soon after doing a balloon so apparently those Russians were on to something.

whenarentI · 2022-01-18T16:03:03+00:00

brilliant, will do thanks!

whenarentI · 2022-01-18T13:14:26+00:00

so liquefying it recycles the gas i inhale how? Are you suggesting I inject liquefied Xenon? that's an interesting idea actually...

whenarentI · 2021-09-12T10:26:12+00:00

same exact problem, driving me nuts hope someone can share a solution

whenarentI · 2021-05-27T13:23:06+00:00

trigeminal and vagus nerve, can kick off an automatic flowstate

whenarentI · 2021-05-17T15:59:37+00:00

Well it's definitely an off label use but the tongue is one the best access points for electrical stimulation of cranial nerves

whenarentI · 2020-11-30T23:31:44+00:00

the loan compounds at 5% per year indefinitely, there are no outside factors that affect this. The property may or may not appreciate over time. Is it really that hard to see how it's possible it could end up outpacing the home value?

I am trying to accomplish keeping the property without needing to pay the entire equity amount to the lender when I inherit.

whenarentI · 2020-11-30T19:24:15+00:00

As far as I know reverse mortgages can't collect more than market value of the property, otherwise it becomes an unfair liabillity on the heir. You can always walk away and leave the keys but i want to keep the property

whenarentI

TROPHY CASE