poopie's FU trading journal

poopie

poopie

New member
May 5, 2014
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I am not selling anything. I am not looking to hold your hand. I am not going to divulge any pricing or directional edge. Follow or don't. I don't want your money; unless you need someone to make a listed mkt inside NBBO, then maybe we can talk privately.

I have been trading all of my adult life. My background is in both life and physical sciences. I worked for State before entering the private sector. My father was a well-known exchange local but was a degen and lost it all in the '87 crash.

I am currently a PM for an Swiss fund. I am published (peer-reviewed) and have bios in several trading-related books as well. I trade ISDA-netted swaps, vol of vol, exotics and listed vol. As such, I cannot post positions that I trade for the fund. What I reco here will be MARKETABLE, but I cannot trade them personally and will not reflected in my book. Marketable means that you would be filled at the price I mention.

This journal will discuss listed, exchange positions in options as well as OTC 1st gen knockouts on FX and equity indices ((no)touches, DNTs).

I'll try to start tonight with some FX exotics. I will post screenshots of each trade which will express the NBBO. I will price each listed/exchange trade at midpoint of NBBO or lifting the offer in terms of the exotics.

I don't guarantee a return. Consider this for entertainment purposes. Anyone here can ostensibly open an account and trade these.

Options are a tool. I will not get into methodology or timing, so don't bother asking.

I fully realize that I will take shit, this being a gang-bang forum, but understand if I don't reply to the consanguineous and microcephalic. Or those legitimately asking, "wtf is an option?" "Why does it hurt when I pee?"
 


I eat food
It goes in my tummay
and after a while,
it turns into Poop!

I make poop
I make poopies
I make poops
and then I watch movies

everybody likes me cuz I'm really cool
One time I made a poop in the swimming pool
heh-heh pooping in the pool is...funnay
pooping in the pool is funnay

I make poop
I make poppies
I poop my pants sometimes
and I like boobies...

[ame=http://www.youtube.com/watch?v=KS49WiahmtY]I MAKE POOPIES! - YouTube[/ame]
 
Kiopa_Matt said:
Are we allowed to ask questions regarding the markets? Or is this strictly your journal?
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Sure. I simply can't go into the timing. I would like to keep the scat talk out of it. I personally don't enjoy scat, even one bit. It simply makes it harder to find specific posts.
 
Ok, two quick ones.

1.) For someone who doesn't know squat about the markets, and no real desire to learn, would you recommend they just stash their money in Vanguard 500? Pretty safe and secure "set it and leave it" bet, no?

2.) My dad's done well in the markets over the decades, and when talking about it, always gives the same explanation. To be successful, you have to change your entire perception of reality. When an earthquake hits a region, you instantly think about manufacturing and resources in the area, type of govt, predicted govt response, infrastructure to fix, how the companies' in the area will respond, how their competition will respond to maybe lower supply, and so on. All this has to be at the forefront of your thought process for virtually every piece of news that comes out. Do you believe that to be true?
 
Regarding my background in OTC knockouts. I started trading the product while at Paloma. I have had a few public exploits in the field. The first was Oanda's box option offering. They were pricing digitals as touches and ceased to offer the product as a result. I also took Trinitas out of the game when they mis-priced their single-name exotics; specifically WMT and JNJ.
 
Kiopa_Matt said:
Ok, two quick ones.

1.) For someone who doesn't know squat about the markets, and no real desire to learn, would you recommend they just stash their money in Vanguard 500? Pretty safe and secure "set it and leave it" bet, no?

2.) My dad's done well in the markets over the decades, and when talking about it, always gives the same explanation. To be successful, you have to change your entire perception of reality. When an earthquake hits a region, you instantly think about manufacturing and resources in the area, type of govt, predicted govt response, infrastructure to fix, how the companies' in the area will respond, how their competition will respond to maybe lower supply, and so on. All this has to be at the forefront of your thought process for virtually every piece of news that comes out. Do you believe that to be true?
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I would own any passive exposure to the SP500. You can short gamma via an overwrite program using SPY options. I can go into detail if you like, but the short-answer is that the SPX was at 670 at the crash low... and it's 1900 now. I can't buy into triples.

I don't trade macro beyond an example like shorting vol into a large Noreaster than impacts trading volumes, etc. If you're looking for Wm O'Neil type stuff you won't find it here.
 
Is this like Halliburton going in to rebuild Iraq's infrastructure?
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poopie said:
I was asked by the mods if I would like to start a legit journal. No reason for you to be here.
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Since a lot of people seemed to enjoy the market threads we had from time to time, and our last financial advisor is currently on a leave of absence, I talked to the poop-man and asked if he felt like contributing. I think it will be interesting.

I also find it hilarious that the guy's UN is "poopie", but he has a problem with scat.
 
Here's a screencap of a primary mining sheet that I run in LMT-EXPO. It can be run in excel as well. I don't personally trade a lot of listed flies any more, but most of the positions I reference will be flies, calendars and permutations.

5R3RePB.png
 
IceToEskimos said:
Since a lot of people seemed to enjoy the market threads we had from time to time, and our last financial advisor is currently on a leave of absense...
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I misread that as leave of adsense and wondered if you forgot which company he ripped. My mistake though - opticians first thing Tuesday.
 
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