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BourbonDad
| Favorite team: | LSU  |
| Location: | Somewhere on the vol surface |
| Biography: | Just your friendly neighborhood market maker. Selling more spreads than Playboy. |
| Interests: | Selling rips and buying dips |
| Occupation: | Selling rips and buying dips |
| Number of Posts: | 192 |
| Registered on: | 9/3/2016 |
| Online Status: | Not Online |
Recent Posts
Message
re: Options Trading Thread
Posted by BourbonDad on 4/24/24 at 10:02 am
Yeah 4/26, sold most this morning...
0
re: Options Trading Thread
Posted by BourbonDad on 4/24/24 at 7:07 am
I took TSLA 169,165,170 and 200Cs last week when they were dirt cheap. Did you listen to the call? Not one but two FSD contracts coming (granted multi year implementation for other OEMs), Optimus well on the path to usage in 5 years, staying focused on traditional business (cost cutting) and saying ...
re: Options Trading Thread
Posted by BourbonDad on 4/18/24 at 9:08 pm
Me. And my calls are printing like Jpows money printer.
inb4 “lucky call on Israeli war news”. We wouldn’t be reacting this way if volatility hadn’t been at such compressed levels for so long. Tomorrow is monthly opex and yesterday was vixperiation so tomorrow should be spicy. Hopefully big dump...
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 3:41 pm
It certainly feeds my family very well so I must know a thing or two....
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 3:40 pm
Apparently listing my substack (without a link) twice in the span of a month or more is “promoting” it. Peace out, this board can figure it out on your own from now on. ...
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 3:03 pm
[img]https://i.ibb.co/KhBGd82/Screenshot-2024-04-04-150248.png[/img]
Delta map of SPX complex
This massive drop off was WAY bigger before march opex. It was a slippery slope that couldnt be avoided....by the way the date besides that drop off is 4/18. This is the power of delta hedging flows m...
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 2:55 pm
1st thing to learn about the market is the news doesn't matter (aside from major breaking news catalyst). It's all a smoke screen, they choose the headline/narrative to fit the price action. ...
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 2:54 pm
[img]https://i.ibb.co/M9ZG38S/Screenshot-2024-04-04-145306.png[/img]
...
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 2:45 pm
"people think the markets been moving higher on actual equity buying. But it hasnt. Last few months have been non stop call buying only (nobody wants to buy the crap this overvalued). When you sell call options to call buyers you buy the underlying asset to hedge your risk (call buyer will make mone...
re: Talk about a market turn around!
Posted by BourbonDad on 4/4/24 at 2:26 pm
Longer term call buying never came in post March opex. Nothing but 0dte and dealers had a MASSIVE bag of long hedge. Now they're caught short puts and the only way to hedge it is to short the market lower. Gamma squeeze works both ways....
re: DJT is the most expensive stock on the market to short - up to 900% annually
Posted by BourbonDad on 4/4/24 at 10:18 am
Dealers learned their lesson since GME AMC CAR and DWAC prior gamma squeeze....
re: Bama offering full ride. . .vs paying more to go to a better school
Posted by BourbonDad on 4/3/24 at 7:12 am
I’ve ran engineering firms, have done recruiting and hiring. To me it’s the full ride no questions. Unless he’s looking into something like software engineering (which a degree isn’t really necessary anyway) or a niche engineering field where the college name matters more. For all other engineering ...
re: Small Windfall Incoming - how to invest
Posted by BourbonDad on 3/27/24 at 3:46 pm
Based on your situation being pretty good. I’d personally earmark 10% of that as a hedge against market correction. ...
re: Wanna yolo? Buy some calls on volatility.
Posted by BourbonDad on 3/15/24 at 5:47 pm
Yeah you got it all figured out BigDud. You don’t know shite about this biz. I’m sorry you lost your life savings when you tried. Or did my wittle stock of da year make you woos ya money? Lmao down 30-40% idgaf. It’s a triple leveraged ETF. It might go up 500% and you’ll still be shite posting. GTFO...
re: Wanna yolo? Buy some calls on volatility.
Posted by BourbonDad on 3/15/24 at 4:17 pm
lol alright buddy you’re right. There did that stroke your ego enough? Do you feel better getting that off your chest?
So to recap: I’m full of shite but you think I understand the fundamentals of options but it’s too complicated for your smooth brain to understand, therefore it can’t possibly w...
re: Wanna yolo? Buy some calls on volatility.
Posted by BourbonDad on 3/15/24 at 3:10 pm
Yes you do misunderstand options badly. 95%+ of volume isn’t between you and another person like me. It between you and a dealer who uses a hedging algo to buy and sell the underlying asset such that he has zero directional risk and simply collects the premium. Something Jag and I do. One side almos...
re: Options Trading Thread
Posted by BourbonDad on 3/15/24 at 7:59 am
Todays SPX delta and gamma surfaces for reference. Nice drop off on today expiration.
[img]https://i.ibb.co/0cvprSM/Screenshot-2024-03-15-075308.png[/img]
...
re: Wanna yolo? Buy some calls on volatility.
Posted by BourbonDad on 3/14/24 at 7:58 pm
ProjectFinance on YouTube has a great in depth guide. He puts out good content for people new to options....
re: Wanna yolo? Buy some calls on volatility.
Posted by BourbonDad on 3/14/24 at 7:56 pm
Yeah, I prefer buying an option that’s a little out of the money. So I choose my strike based on delta then make sure the chart and everything else supports it reaching that strike plus more with plenty time left to expiration. It’s also a better way to communicate a trade regardless of product if t...
re: Wanna yolo? Buy some calls on volatility.
Posted by BourbonDad on 3/14/24 at 7:23 pm
Thanks Jag. I have a website/substack I post weekly on with my thoughts and views but I also have some good options 101 stuff. Not sure about the rules on linking or sharing third party stuff....
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