Finding 0DTEConvexity with Broken Slot Machines amongst the Macro Cope…NFA dummy dumb
Joined November 2021
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Cpt. Furu Titterism-er retweeted
BREAKING: Leopold Aschenbrenner is looking for his next opportunity as Situational Awareness meets its demise.
Cpt. Furu Titterism-er retweeted
This is when it starts to get fun
When everyone is sure of what everything means
We had trapdoor then trampoline on vol crush
now, time to trade
Cpt. Furu Titterism-er retweeted
Hey so idk who needs to hear this, but when your multi billion dollar client is leaning on a pregnant woman to fade the heat, you’re probably in pretty deep shit.
Cpt. Furu Titterism-er retweeted
I don't think people understand how much this market differs from last year's market.
not in a way that should make you sleep well at night.
Cpt. Furu Titterism-er retweeted
na all you gots to do is turnt head to side and you wont see da air pocket from 700-680 all is well itssa fine
Cpt. Furu Titterism-er retweeted
Perspective with a Purpose:
Here’s what 20% nets you compounding
$5k takes 18 trades $100k+
$10k takes 15wins $100k
$25k takes 10 wins $100k
If you focus on clean setups and remove the greedy holding for more you can achieve it.
Look at it like 18 weeks or 4 trades a week max. You can find 2 great setups weekly that’ll land you there in 9 weeks.
Cpt. Furu Titterism-er retweeted
If you actually want to understand how option hedging moves markets at a level that will improve your trading
you can't just plug into a GEX chart
you have to put yourself in the shoes of a market maker
I don't think there's any better way
Cpt. Furu Titterism-er retweeted
These boys from Dallas so hard and talented i told them both to pull up and perform at @duvalswaterfall just so i can say later on “i told ya so” 😂 🔥🔥🔥🔥🔥🔥introducing tye Harris and @hashisenjoo
Cpt. Furu Titterism-er retweeted
If you use the October OPEX positions as a guide
this is the first level you want to take a stab at a buy
SPX 7700
Cpt. Furu Titterism-er retweeted
I was mid-hip thrust when I found out @Shanemgillis had called me a whore. Technically I found out four hours later, when I reviewed the footage of Saturday Night Live. My tripod was on the bench, my ring light was clamped to the squat rack and my boyfriend Tanner was holding the back-up phone for the side angle. Tanner films all my content. He is not allowed to look at me.
The “joke” was about how women dress at the gym. I know it was about me, because everything is. So I did what any survivor would do. I went to my car and filmed myself crying. It took 11 takes, because the lighting in a Range Rover is unforgiving, and grief is no excuse for a bad shot. In the final cut, you can see a single tear land on my sports bra right over the logo, which clicks through to an affiliate link. My caption: “I’m literally shaking.”
Then I put on the shortest shorts I own, went back inside, and filmed my ass from three angles with the caption, “Does this outfit work for you, Shane Gillis?” I wanted to send him a message that my body is not for men. To make sure Shane got the message, I tagged him. Then I tagged every man I follow. Some people say my response proved his point. These people are rapists.
✍️ @BridgetPhetasy
Article: spectator.com/article/shane-…
Cpt. Furu Titterism-er retweeted
There’s this persistent narrative in trading that the smartest guys in the room are inevitably the ones who make the most money.
You constantly hear things like, “How could you ever compete with a firm like XYZ?”
I’ve said this before, but I think that couldn’t be further from the truth.
In my experience, a few attributes consistently separate good traders from everyone else:
1) A relentless desire to progress.
2) An exceptional work ethic.
3) Slightly above-average intelligence.
4) Genuine self-awareness and humility.
5) Unwavering discipline.
6) Mental flexibility and the ability to adapt.
7) Natural gravitation to take risk.
If you genuinely possess these attributes and dedicate yourself to the craft, it becomes very difficult not to develop into a good trader over time. It’s actually quite rare the giga brain that is strictly exceptional raw intelligence ends up lasting long in this game.
my friend worked with sbf at jane st. everyday they could bet on brain teasers, ie "what's the average weight of an asian elephant?" evidently sbf would consistently bet the most. on wildly incorrect guesses. everyday. without ever modifying his strategy.
everyone thought he was the biggest moron they had ever met.
Cpt. Furu Titterism-er retweeted
I’m in love with this sentence:
“A person's capacity for growth is directly linked to how much truth they can handle about themselves without running away.”
Cpt. Furu Titterism-er retweeted
As a Market Maker, I’m legally obligated to share our proprietary pricing model.
The more terrifying the news, the higher we drive the Wall of Worry. We will pump three mega-cap tech stocks to all-time highs to collect your put option premium.
Imminent doom? $SPX to the moon.
Cpt. Furu Titterism-er retweeted
Agentic copy-trading will destroy the market.
I don't think you understand what's coming-
The reason that people with viable trading strategies are willing to share them is because deployment is dependent upon each follower to run it themselves.
While crowding may reduce profitability, I'd argue that the variability across the pool of people "subscribing" to a strategy is what keeps a situation like this tenable.
The moment you go from:
"Works if deployed well, results may vary"
to
"Just press play"
-everything changes.
Suddenly you have countless distributed high-speed agents contemporaneously competing for the same liquidity, at the same time, with the same conditions, and probably even literally competing for the exact same options contracts THROUGH THE EXACT SAME BROKER.
I made markets in the largest index market in the world for 15 years - years which spanned rapid technological change for markets both internally and externally.
Without fail, every single period of serious market strain was either caused or exacerbated by one or two things (and the worst were both)
1. Concentration.
2. Rules.
The first one is obvious - the bigger the risk and the more it concentrates, the larger the imbalance and the more difficulty the market broadly has digesting and redistributing the inherent risk on the hedger's side.
The second is less obvious, because we are used to thinking that strict rules are smart and necessary. But that's actually the midwit take of the bell curve.
Start adding (2) to (1) and suddenly you have a dynamic, multifaceted problem that can kill you more ways than a Final Destination movie.
Agentic copy trading will destroy the market.
Mark my words.
@BuildwithPublic - tagging you to invite dialogue, not to attack you for building cool tools.
Cpt. Furu Titterism-er retweeted
When a single stock rips, the vol catches a bid, and that's what makes rolling a winner awkward.
You bought the call, the stock's gone your way, the delta and the vol have both worked for you. Now you want to keep the view alive with a longer expiry.
The problem is you'd be buying that new option on a much higher vol than the one you originally paid. It happens in single stocks far more than it does in the index, where vol usually goes the other way on a rally.
So roll into a call spread instead of another outright. You're selling some of that expensive vol back, you keep leverage to the remaining premium, and what you give up is gamma and explosiveness.
That's a trade-off I'd take when something's already had a big run, I don't know when it stops, and I don't want to be out of it either. If they vol has repriced materially higher, lightening up on the VEGA makes sense.