Search found 126 matches

by perfectuncertainty
Fri Oct 23, 2020 9:36 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

You will stopped out with the 20% stop loss. I'd consider a laddered VIX call hedge. I'd hedge my portfolios with VIX 10 delta calls, usually 25-40 basis points of net liquid account worth (0.0025 - 0.0034 x NLW) depending on where the VIX is when I am buying them. Purchase them every third Wednesd...
by perfectuncertainty
Fri Oct 23, 2020 11:13 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I have a question about a catastrophe loss risk Which is more risky 100% in a stock like Apple or Microsoft (buy and hold for 10 years ) with no stop loss Or 100% in tqqq or upro for 10 years with a 20% stop loss ? For some reason I am thinking all in one stock is less risky and probably would have...
by perfectuncertainty
Thu Oct 08, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I use TQQQ, QLD, QQQ, TMF and TLT and put it into Inverse Volatility. Deleveraging with QQQ and TLT suits me. Can you tell me what you mean by this and how you achieve it? how is qqq deleveraging this portfolio when you have tqqq&qld. Let's say you have $100k and you choose TQQQ and TMF. You can fo...
by perfectuncertainty
Thu Oct 08, 2020 8:15 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

[@perfectuncertainty, could you perhaps have a quick look and verify the calculated results (for min var and inv vol) look alright to you? I more or less copied the logic from your file but just want to be sure as this is not my area of expertise. The calculations are correct for the samples I trie...
by perfectuncertainty
Sun Oct 04, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Stop playing with inverse volatility, adaptive allocation, whatever, etc. You will get burned. I'm saying this as someone who played around with inverse volatility (SPY/IEF, 8%). It looked GREAT in backtests. So I started doing it around the start of 2018. Two years later, my CAGR is half as buy an...
by perfectuncertainty
Sat Sep 26, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: Gold is again on my head
Replies: 46
Views: 3744

Re: Gold is again on my head

I know Bogleheads don't believe in forecasting or technical analysis, however, I use TA and it has saved me a lot of money (by getting out early) - perhaps I've just been lucky so far. Based on my analysis I am bearish on gold and silver. For GLD I have two targets: 164 and 159. Currently @ 174.94 F...
by perfectuncertainty
Fri Sep 25, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

Stocks are not money. There is no money in the stock market. When you buy stocks you give your money to someone and get shares. When someone sells shares they give their shares to you and get your money. Your money did not go into the stock market; it went into the pocket of whoever sold the shares...
by perfectuncertainty
Fri Sep 25, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

It’s not a zero-sum game. I buy one stock for $100 in SuperAwesome Inc. The next day, it turns out SuperAwesome Inc. was not so super awesome. The CEO committed fraud and their products are vapor ware. I want to sell my stock, but no one will buy it, except for $1 (I don’t know this, but it was bou...
by perfectuncertainty
Thu Sep 24, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

bugleheadd wrote: Thu Sep 24, 2020 4:06 pm my uneducated guess for reasons of this months stock market drops

-RBG death
-still waiting for COVID vaccine
-still waiting for more govt stimulus
-priced in Biden win
-priced in Trump loss
-possible covid lockdowns this winter
-markets not impressed with battery day
More sellers than buyers.
by perfectuncertainty
Thu Sep 24, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

For this most recent selloff, the cash is going to cash. In other words, people are just selling off stocks and holding it in cash. Don't forget that cash itself is an asset class. Notice that gold also sold off during the same period. Investors are not happy at the lack of fiscal stimulus because ...
by perfectuncertainty
Thu Sep 24, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

How did they get the money out without finding someone to buy their stocks? I agree - it is a zero-sum game even if many claim it isn't. Money goes to where it was last treated best. Only if you change the definition of a zero sum game. Care to explain? The money doesn't evaporate. It goes somewher...
by perfectuncertainty
Thu Sep 24, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

How did they get the money out without finding someone to buy their stocks? This is basic stuff. Money cannot move in or out of tradeable securities at all. However, enormous sums of money flow in and out of mutual funds regularly. Simple. When people mis-state this (which wasn't the case here) you...
by perfectuncertainty
Thu Sep 24, 2020 9:27 am
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

How did they get the money out without finding someone to buy their stocks? I agree - it is a zero-sum game even if many claim it isn't. Money goes to where it was last treated best. Only if you change the definition of a zero sum game. Care to explain? The money doesn't evaporate. It goes somewhere.
by perfectuncertainty
Thu Sep 24, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6738

Re: Stock Market Recent Sell Off Mystery

The cash isn't flowing anywhere. It just disappears. The stock market is not a USD container. Its market cap is determined by trading, not holding. Stock prices are set by trading. There is a buyer and seller for every share transacted. If those traders think it's worth less than previously, the ma...
by perfectuncertainty
Thu Sep 24, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Increase in Margin Reqs - IB
Replies: 26
Views: 2208

Re: Increase in Margin Reqs - IB

I guess IB joins Vanguard (closing Prime MM) in the list of respected financial institutions who are seeing warning signs. Please correct me if I’m wrong but didn’t Vanguard open their MM back up? No wonder they can buy tendies! Stonks only go up! Any other WSB comments are not "mod friendly". And ...
by perfectuncertainty
Wed Sep 23, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Why not add in the base symbols like QQQ/SPY with TLT using AAA Inverse Volatility. The results are still impressive and the risk is lower.
by perfectuncertainty
Wed Sep 23, 2020 10:29 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Of all the leveraged instruments QLD provides the best risk-adjusted returns from my testing (better than TQQQ and UPRO). I've found the same thing. There's just too much drag on TQQQ when things get choppy. You should really look at adding gold. It's fairly uncorrelated with stocks and treasuries ...
by perfectuncertainty
Wed Sep 23, 2020 9:00 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Of all the leveraged instruments QLD provides the best risk-adjusted returns from my testing (better than TQQQ and UPRO). I've found the same thing. There's just too much drag on TQQQ when things get choppy. You should really look at adding gold. It's fairly uncorrelated with stocks and treasuries ...
by perfectuncertainty
Wed Sep 23, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: Increase in Margin Reqs - IB
Replies: 26
Views: 2208

Re: Increase in Margin Reqs - IB

Interesting that they would dial back the party knob with the VIX still at big whoop levels. If stocks crater, I look forward to speculating on what IB knew and when over at WSB. There must at least two people there with an IB account and the mods there enjoy a good endless speculation as long as y...
by perfectuncertainty
Tue Sep 22, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

PV calculates inverse volatility on the Adapativer Asset Allocation. The 4 symbols you used are plotted here: Link Looks like I'm reinventing the wheel! Are you running something like this? I have a personalized approach in terms of how much I place at risk, but my asset allocation is based on usin...
by perfectuncertainty
Tue Sep 22, 2020 3:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

PV calculates inverse volatility on the Adapativer Asset Allocation. The 4 symbols you used are plotted here: Link Looks like I'm reinventing the wheel! Are you running something like this? I have a personalized approach in terms of how much I place at risk, but my asset allocation is based on usin...
by perfectuncertainty
Tue Sep 22, 2020 3:30 pm
Forum: Investing - Theory, News & General
Topic: Increase in Margin Reqs - IB
Replies: 26
Views: 2208

Re: Increase in Margin Reqs - IB

Are other brokerages doing the same?

I've been 90% cash since late August but I'm interested in sentiment and risk indicators.
by perfectuncertainty
Tue Sep 22, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: Increase in Margin Reqs - IB
Replies: 26
Views: 2208

Increase in Margin Reqs - IB

IB sent notices today of margin increases. Interesting reasoning. Dear Client, As you’ve likely observed, elevated option implied volatilities indicate that the markets will be confronting elevated volatility both before and after the November 2020 election. IBKR shares that sentiment and believe it...
by perfectuncertainty
Tue Sep 22, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

What did you do for volatility testing and allocation? AAA IV? What's "AAA IV"? I calculated the standard deviation of each ETF over the trailing quarter. Then I assigned each ETF a portfolio weight equal to the inverse of that value. So, less volatile assets get a larger allocation. This can obvio...
by perfectuncertainty
Tue Sep 22, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Hi all, New to the thread, which I came across looking for ways to use leveraged ETFs to increase risk-adjusted returns. Is everyone here running this with fixed allocations? I've done some backtesting, and it looks like you can get better risk-adjusted returns by adding additional assets and doing...
by perfectuncertainty
Tue Sep 22, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I must be in a trial period because it seems I can see the daily aa recommendation. My question is, do you do anything with that information? Are you making adjustments daily? Only using the indicator at the end of the month? Or does it depend on the percentage change. There is a huge difference in...
by perfectuncertainty
Tue Sep 22, 2020 11:14 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I must be in a trial period because it seems I can see the daily aa recommendation. My question is, do you do anything with that information? Are you making adjustments daily? Only using the indicator at the end of the month? Or does it depend on the percentage change. There is a huge difference in...
by perfectuncertainty
Mon Sep 21, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Kruger25 wrote: Mon Sep 21, 2020 1:02 pm If Hedgefundie's portfolio was USD 99,000 on March 18th, what would it be today? Would it be possible for someone else to present an updated graph by using Portfolio Visualizer, for example?
You can look up the prices on Yahoo and figure that out.

182,908.79
by perfectuncertainty
Mon Sep 21, 2020 7:29 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Alchemist wrote: Mon Sep 21, 2020 7:10 am Starting to think maybe this thread should be re-named to r/bogleheadbets :P
Sell your TMF for some tendies? :-)
by perfectuncertainty
Fri Sep 18, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

This strategy has gotten crushed recently and it's only going to continue IMO. Investors aren't eager to rush into bonds during crashes when the 10 year is yielding 0.69%. Meanwhile, the leveraged 3x ETFs will continue to suffer from volatility decay. I think you are better off seeking leverage thr...
by perfectuncertainty
Thu Sep 10, 2020 8:08 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

[@perfectuncertainty, could you perhaps have a quick look and verify the calculated results (for min var and inv vol) look alright to you? I more or less copied the logic from your file but just want to be sure as this is not my area of expertise. The calculations are correct for the samples I tried.
by perfectuncertainty
Thu Sep 10, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I put that link up because others wanted 6 months of volatility. I don’t agree with 6 months of volatility or correlation coefficient usage for AAA. The nature of AAA is to rebalance every month so keeping 21 days is my recommendation. Otherwise set the trading frequency to 6 months too. Thank you ...
by perfectuncertainty
Thu Sep 10, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I put that link up because others wanted 6 months of volatility. I don’t agree with 6 months of volatility or correlation coefficient usage for AAA. The nature of AAA is to rebalance every month so keeping 21 days is my recommendation. Otherwise set the trading frequency to 6 months too. Do you hav...
by perfectuncertainty
Thu Sep 10, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I use QLD rather than TQQQ or UPRO link It looks like if you use minimum variance you might do a little bit better according to the PV link you sent. MV does have the best CAGR result - also, note that there is no losing year (the worst year was +8.86%). I use TQQQ, QLD, QQQ, TMF and TLT and put it...
by perfectuncertainty
Thu Sep 10, 2020 5:39 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Is there a way to do a side-by-side comparison of these adaptive allocation models vs fixed allocation models (e.g. 55/45 UPRO/TMF, 52/48 TQQQ/TMF) in PV? I can't seem to work out how to do that.... Not sure I understand what you are looking for, but I haven't seen side-by-side comparisons. I've ru...
by perfectuncertainty
Wed Sep 09, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

For those of you wanting a 6-month volatility version for AAA here is an updated version. I also added an additional AAA Inverse-Volatility Calculation that allows one to combine UPRO, TQQQ and UPRO and allocate accordingly. To duplicate this in PV here are the parameters and the backtest AAA-6-Mo ...
by perfectuncertainty
Wed Sep 09, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Hi guys, I updated the file a little to allow for some more tickers, also added a few other features, like setting a custom range. The default is 1 month, as this was suggested to be optimal, but you can go up to 100 trading days (~4.75 mos). Unfortunately that's the max of what I can load using Ya...
by perfectuncertainty
Wed Sep 09, 2020 1:20 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

For those of you wanting a 6-month volatility version for AAA here is an updated version. I also added an additional AAA Inverse-Volatility Calculation that allows one to combine UPRO, TQQQ and UPRO and allocate accordingly. To duplicate this in PV here are the parameters and the backtest AAA-6-Mo ...
by perfectuncertainty
Wed Sep 09, 2020 7:02 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I am curious how the portfolios of people who went with TQQQ instead of UPRO is holding up under the recent dip. TQQQ is down by nearly 1/3, but TMF has not gone up to compensate. Is the plan to still rebalance into TQQQ? Just a question from an amused outside observer to your adventure. The SP500 ...
by perfectuncertainty
Tue Sep 08, 2020 11:01 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

For those of you wanting a 6-month volatility version for AAA here is an updated version. I also added an additional AAA Inverse-Volatility Calculation that allows one to combine UPRO, TQQQ and UPRO and allocate accordingly. To duplicate this in PV here are the parameters and the backtest AAA-6-Mo A...
by perfectuncertainty
Tue Sep 08, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

https://i.imgur.com/jJw28Lb.png Thank you so much for doing this, it is truly amazing. One quick question: Does the AAA Minimum variance include 6 months of momentum, or just MV in the AA? Hi, no problem, it was literally 10 minutes of work. As for your question, I just took the calculations @perfe...
by perfectuncertainty
Tue Sep 08, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I personally think that including 6 months of volatility to set a portfolio today isn't the best route. We are rebalancing monthly with AAA so I prefer the volatility calculation to be shorter in duration. I could be totally off here, but my impression was that the 6 mo historical data was actually...
by perfectuncertainty
Tue Sep 08, 2020 8:24 pm
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 181
Views: 26135

Re: Where's Warren Buffett During This Crisis?

He is in Omaha. And he sleeps soundly.
by perfectuncertainty
Mon Sep 07, 2020 10:56 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I personally think that including 6 months of volatility to set a portfolio today isn't the best route. We are rebalancing monthly with AAA so I prefer the volatility calculation to be shorter in duration.
by perfectuncertainty
Mon Sep 07, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

The spreadsheet sample I provided uses 21 days of volatility.

If you want to change it you will need 127 days of data (127 for daily returns and 126 for Volatility and the Correlation coefficient).
by perfectuncertainty
Sun Sep 06, 2020 9:13 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

The daily returns need 22 days else you can’t calculate a daily return for the first day.

The volatility and correlation coefficient formulas use 21 days.
by perfectuncertainty
Sat Sep 05, 2020 10:12 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

You can pull daily data from Yahoo finance and paste it into a spreadsheet. It's a slightly manual process, but if you're just pulling two tickers, it's not that much work to do each month. No need to pay for PV if you're only using it for the allocation. It's also how do you get the variables you ...
by perfectuncertainty
Fri Sep 04, 2020 7:27 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6589
Views: 621882

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

So,a big resumèè The target 25% volatility strategy for UPRO+TMF combo seems to be the best Hedgeundie version right ? Do I have to get the PV pro version to see the signals change allocation,right ? Is there anyone that is performing HF strategies through options ? I'm using Interactive brokers an...
by perfectuncertainty
Fri Sep 04, 2020 7:06 am
Forum: Investing - Theory, News & General
Topic: Selling SPY options, gains seem too good? Do I misundertand
Replies: 23
Views: 1997

Re: Selling SPY options, gains seem too good? Do I misundertand

The fact you thought a 190 put, in any tenor, was 155 bid shows you have no business being anywhere near options. Save your money and go to Las Vegas. No one is born knowing what options are. This kind of snarky response gets annoying. OP had the intuition to know it was too good to be true. Hence ...