OS Shopping Spree: SQQQ, COIN, AAPL, TSLA, X, CCJ, MSFT 05.02.2023
JPM Wins The FRC Lotto
Yo Pit Crazies, Sometimes you wake up trading and get a lucky surprise. I remember a long time ago getting legged out on a trade overnight with what seemed like no chance for a gain. That just meant I sold some puts but was unable to hedge. The next day, the stock rallied on the […]
Market Pushing Recession Out of the Way
Yo Pit Crazies, I had some puts expire worthless on Friday – puts that had real value on Wednesday. I did have some short vol which helped pay the bills, but that was it. In general, when you get your direction you should take it. But I had ideas. There was no way the tech […]
BMF Show: EOLS 04.28.2023
QQQ Is Again The King!
VIX hit a downside plateau at 17 You Pit Crazies We were able to close most of the S&P 500 mini index (Ticker: XSP) /VIX Trading Desk trade yesterday, even with the market going up. The simple answer was XSP was way up but the put butterflies moved slowly. The VIX puts moved faster and […]
BMF Show: CTLT 04.27.2023
OPM Trade Mechanics: Closing Some Short Vol Into May03 04.27.2023
META Goes Back to FB
Yo, Pit Crazies, Below you’ll see the tale of the tape. And it is not the tape of a bull market. Learning to read this tape is helpful for learning to trade options. The Trading Desk is a good place to do that. When we set up our Trading Desk trade on Tuesday, our idea […]