Now making bank on $META, with a mild, imperfect hedge that has some risk but would've paid well during last April's drop.

Kinda a trade that will grow into a hedge on $WING. Though it can make $10K even if $WING drops to $200 tomorrow, due to skew shift. The risk chart just can't show it with the current skew.

Convexity is a double-edged sword. I was up $40K on $ULTA post-earnings, now only $14K. Could do much better if it turns into a runner, but exiting trades is somewhat of a discretionary or degen part of trading.

I guess my capacity can be quite high when a single trade can require $20K-$40K margin (on $COST). It's Vega & skew loaded to the upside and can easily make $30K+ on $COST recovery. A few such trades on a few stocks and I'm out of margin on a $1.5M account. (not my main play, but

Another trade that I really like but don't have enough margin for, is a bet on $ADBE earnings. Takes $70K margin at IBKR, Schwab shows $20K required margin but usually takes much more after the trade goes through, so I'd have to plan for $70K as well. A bit too much for now.

Super-strong $NVDA options hedge that when used against shares makes it pretty much a vol/skew arb on $NVDA with its tight b/a spreads, so usually not arb-able. Can also be turned into a bearish play. (not providing details, just playing around with some setups I may or may not

So this was Jane Street's "secret" options strategy in India? reddit.com/r/IndianStreet…

And this is how I got into trading. /s

Somehow I’ve ended up writing a book on the nature of mathematics where I define a new math/geometric framework that must be fundamental and consistent for all intelligent civilizations and species across the universe (if there are others). It’s basically the core and bare

Quick status: Started focusing on LEAPs and was losing my shirt for a while, but figured it out. Part of the problem is lack of liquidity, so I had to figure out how to hedge options using options when liquidity is thin. This in turn leads to higher margin use and thus lower

In the meantime, I'm still working on my book on the nature of mathematics, including the solution to the Riemann Hypothesis... by showing that it no longer needs to be solved. Here is just an initial draft of the potential chapter: Riemann Zeta The Riemann Zeta function