#VAnna

1/ Vanna’s a widow maker... waging war with her & Gary is exhausting... we were able to take a textbook short at 3803 and take a profit On half at
Read more
1/x I’ve done some thinking about this TSLA inclusion event... My read is that @bauhiniacapital is right that TSLA is it’s own Vol center & will not have its RVol
Read more
2020 was awful, but General Hospital was a nice distraction, especially THE @finolahughes. Here’s a thread of some of my favorite Finola and Anna Devane moments of the year. Finola
Read more
1/x I’m going to do this early & keep it short today... EVERYTHING FROM YESTERDAY STILL APPLIES, but I’ll add a little more texture here. Tomorrow morning is vixperation. Which
Read more
1/x The outlook was indeed promising yesterday... As posted, we were able to monetize our long deltas & short Vega this morning at the 3508.5 level. Good thing, b/c, as
Read more
4/x keepers are calling in the Fed(s) (Fed/sec) for some help getting the animals back under control, so they can feed Gary & get the zoo back under control. As
Read more
1/x So 6 hours until Vanna’s departure... though she hasn’t been working full-time the last couple of days, Gary’s been putting in some extra work to keep things together. But
Read more
1. This legendary $36k call trade led me down a rabbit hole into the world of higher order option greeks to analyze this trade using past historical data. This was
Read more
1/x Post election Vol compression w/ massive Vanna flows Rally & hold above the 20 day on close Dec/Jan election hump flattening some, but still has room to
Read more
1/x ‘never short a dull market...’ is a tried & true Wall Street adage, and risk premia decay and the charm that accompanies it is the primary driver of the
Read more
1/x The predicted correction in time & price continues. Fixed strike straddles once again we’re down $11-$5 today, & although the tape did recover late w/ some remaining OpEx Vanna
Read more
Wanted to give some thoughts again on the 1/5 runoff. VIX is slightly up for the day (~23), which is likely due to OPEX effects rather than any systemic market
Read more
1/x The market continues to try & shake out weak hands from overextended positioning by both HF & Retail...After a strong Vanna run up overnight, as expected, retail exuberance exploded
Read more
Publishing an option post today that emerged from writing Moontower this week. It's about a qualitative intuition for option behavior esp spot/vol correlations. Option greeks esp as you get into
Read more
1/x OUR ANTICIPATED PFIZER NEWS CAME SOON POST ELECTION, AS PREDICTED ... But, as is often the case, positive prospective news can serve the market better as a rumor then
Read more
This is a take. The thread is worth reading for the take. I expect it overstates things. Couple of problems.1) while vanna can drive moves, I expect it is more
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.