Serial optimist, tastytrade follow trader, whiteboard artist, fitness enthusiast, DFS junkie. Trades posted are not recommendations/advice.
Chicago, IL
Joined June 2015
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Closed year-long /MES position for $3,118 profit!
Moving to the cash settled product with a new position - we're doing a full breakdown of this trade on Monday so tune in for that!
here's a snapshot & $SPX equivalent P/L of the one contract strangle/straddle I've rolled
Insane market today!
Keep risk in check with new trades ✅
New undefined risk trades should be sized to withstand much more variance - if you can't, defined risk is easier on the soul ✅
Risk-reversals (super bulls / super bears) have grown on me a ton because it helps solve the "one short premium trade wipes out 10 winning trades" dilemma - giving up some credit to buy long tail asymmetry while still collecting a credit overall allows you to capitalize on those low probability huge moves like today - hit 1 in 10, and the dilemma flips - hit 0 in 10 and your take home on winning trades doesn't change all that much
We talk about trade size literally every day for days like today - if you're calm and collected in a wipeout like this, you're in a better spot for long term trading / investing success down the road.
Stay safe out there!
This is an insane shift in the /CL curve - almost no backwardation now, and the furthest contract is about to drop below $80 for the first time in a month - feels like the market is telling us some sort of "deal" is on the horizon
Closed a ton of trades into this rally!
Closed $235 winner in $BKNG
Closed $280 & $100 winners in ethereum:0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c
Closed $1100 winner in /MGC
Closed $115 winner in $GOOGL
Closed $33 winner in $DKNG
Closed $300 winner in /MCL
Bought back short options in double calendar in $AMD
New trade in $QCOM for earnings!
This is wild
Before Hollywood, I was living in a van in Hawaii and waiting tables at Bubba Gump Shrimp Company. One day, the incredible Rae Dawn Chong walked into the restaurant, and naturally, I went up to her table and said, “Hey, you’re a movie star! What are you doing here?”
She asked if I could act, and I said, “Fuck yeah, put me in your movie!”
She asked for my phone number. The only problem was I didn’t have one. So I gave her my buddy Mike’s number instead. A couple days later, Mike casually mentions, “Oh, by the way, someone called you.” ARE YOU KIDDING ME, MIKE?!
I called her back, and sure enough, she was serious. I drove over to pick up the script, went back to Mike’s house, and read all 120 pages three times in a row. First script I’d ever read. My character's name was Devon, and I remember thinking, “Sweet! I could totally play a Devon!”
I showed up to the audition with every line and inflection mapped out in pencil. Rae told me I could act and offered me the part. I asked if we were shooting in Hawaii. Nope. Los Angeles.
I had about $60 to my name, a bag of clothes, and some rollerblades.
Then Rae told me they'd fly me out. And I remember thinking right then and there, my life just changed forever. I'm going to be an actor.
That little movie was Cursed Part 3, a low-budget horror comedy that opened the door to Hollywood for me.
I'll forever be grateful to Rae for taking a chance on a kid working at a shrimp restaurant. Everybody starts somewhere, and this is where it all began for me.
