while I watch the market chop here intra day here's some levity
for you guys
as you know my dad has been having health issues, and we now
monitor his driving with this 360 app, especially since he recently
had an accident and we need to monitor him closely now, he's 85 and
close to really should not be driving at this tpoint.
anyway the app also tracks me: You can compare our driving
records for a week, my dad was perfect, even unlocked the cheap
insurance offer for good driving. Me on the other hand...well let's
just say don't send this to my insurance company. And consider that
like Steve I don't drive much working from home - not like my old
days when I would drive to St Louis for my Chemistry job LOL, if I
was driving all the time like in the past it would be much
worse
but hey - after driving since 1988 I've never been involved in a
car accident with another car. only thing that happened was a deer
hit me about 5 years ago, but to me that's not the same as getting
into a normal accident with another car as a lot of those can be
avoided by driver input and attention - a deer running into the
side of your car at night is not something you can avoid
Posted by DigiNomad on 12th of Oct 2022 at 11:30 am
SPX tail risk trades: been looking into selling premium WAY out
of the money today. Got filled on 6 SPX 1900/1600 put spreads
expiring in 35 days (I'm all alone in the volume so you can verify
trade on the option chain). Had to go 5 bucks below the midpoint
but got $35 for each. It's not much, but checking to see if I would
get filled after noticing that the widths weren't that large on the
tail side (both calls and puts). Anyway, just small but if
it's not free money, then Putin probably went nuclear and we have
much bigger problems than what I would lose on this trade if SPX
went to 1900 in the next 35 days. If the world doesn't end,
this trade should pay for the BPT price increase ;)
1900 and 1600 strikes? I mean that's so far way it's really like
no risk, I'd almost call that arbitrage free money basically. But
what you gain in profit you give up in margin and other things.
when I looked the Nov 17th 1900 Put trading at 0.70 and Nov 17 Put
trading at 0.30 cents, so you make roughly 40 cents
Posted by DigiNomad on 12th of Oct 2022 at 11:48 am
Exactly. I used the spread to reduce the margin hit. Still a
much better 30-day return than what I get with cash at interactive
brokers...which is around 2.5%
Posted by DigiNomad on 12th of Oct 2022 at 11:55 am
I have a 'portfolio margin' account so the margin calculations
take into account the risk of each position via algorithms. I
barely took any hit to margin on this trade but a standard margin
account would be fairly significant with a 300 point wide spread.
Come to think of it, it's probably not worth it unless you have a
portfolio margin account. That didn't cross my mind when I first
posted. Sorry.
yes very interesting, especially the top speeds, lol....i bought
a 2019 stingray corvette this summer and that sucker can fly!
I should let you borrow it and see how high you can get it!
also interesting is you in the picture wearing a suit, omg,
or is that a lab coat...lol...
Steve would probably either be like my dad or worse than me -
but I'd guess like me or worse - when I visited him years ago he
drove pretty aggressively in that Maxima of his LOL
off topic fun while we watch the consolidation and try not to over trade
Posted by matt on 12th of Oct 2022 at 11:05 am
while I watch the market chop here intra day here's some levity for you guys
as you know my dad has been having health issues, and we now monitor his driving with this 360 app, especially since he recently had an accident and we need to monitor him closely now, he's 85 and close to really should not be driving at this tpoint.
anyway the app also tracks me: You can compare our driving records for a week, my dad was perfect, even unlocked the cheap insurance offer for good driving. Me on the other hand...well let's just say don't send this to my insurance company. And consider that like Steve I don't drive much working from home - not like my old days when I would drive to St Louis for my Chemistry job LOL, if I was driving all the time like in the past it would be much worse
but hey - after driving since 1988 I've never been involved in a car accident with another car. only thing that happened was a deer hit me about 5 years ago, but to me that's not the same as getting into a normal accident with another car as a lot of those can be avoided by driver input and attention - a deer running into the side of your car at night is not something you can avoid
phone usage while driving is
Posted by sham22 on 12th of Oct 2022 at 01:01 pm
phone usage while driving is high. are adjusting stops while driving ? lol (this app is hard core clever)
SPX tail risk trades: been
Posted by DigiNomad on 12th of Oct 2022 at 11:30 am
SPX tail risk trades: been looking into selling premium WAY out of the money today. Got filled on 6 SPX 1900/1600 put spreads expiring in 35 days (I'm all alone in the volume so you can verify trade on the option chain). Had to go 5 bucks below the midpoint but got $35 for each. It's not much, but checking to see if I would get filled after noticing that the widths weren't that large on the tail side (both calls and puts). Anyway, just small but if it's not free money, then Putin probably went nuclear and we have much bigger problems than what I would lose on this trade if SPX went to 1900 in the next 35 days. If the world doesn't end, this trade should pay for the BPT price increase ;)
1900 and 1600 strikes? I
Posted by matt on 12th of Oct 2022 at 11:41 am
1900 and 1600 strikes? I mean that's so far way it's really like no risk, I'd almost call that arbitrage free money basically. But what you gain in profit you give up in margin and other things. when I looked the Nov 17th 1900 Put trading at 0.70 and Nov 17 Put trading at 0.30 cents, so you make roughly 40 cents
Exactly. I used the spread
Posted by DigiNomad on 12th of Oct 2022 at 11:48 am
Exactly. I used the spread to reduce the margin hit. Still a much better 30-day return than what I get with cash at interactive brokers...which is around 2.5%
I have a 'portfolio margin'
Posted by DigiNomad on 12th of Oct 2022 at 11:55 am
I have a 'portfolio margin' account so the margin calculations take into account the risk of each position via algorithms. I barely took any hit to margin on this trade but a standard margin account would be fairly significant with a 300 point wide spread. Come to think of it, it's probably not worth it unless you have a portfolio margin account. That didn't cross my mind when I first posted. Sorry.
yes very interesting, especially the
Posted by morton7 on 12th of Oct 2022 at 11:19 am
yes very interesting, especially the top speeds, lol....i bought a 2019 stingray corvette this summer and that sucker can fly! I should let you borrow it and see how high you can get it! also interesting is you in the picture wearing a suit, omg, or is that a lab coat...lol...
now that is funny
Posted by srusso1 on 12th of Oct 2022 at 11:16 am
now that is funny
Steve would probably either be
Posted by matt on 12th of Oct 2022 at 11:19 am
Steve would probably either be like my dad or worse than me - but I'd guess like me or worse - when I visited him years ago he drove pretty aggressively in that Maxima of his LOL
Iinteresting to see driving strategies
Posted by srusso1 on 12th of Oct 2022 at 11:23 am
Iinteresting to see driving strategies compared to trading strategies and habits.