📉 Bill
Stock market thread 7/13, go:
Mhmm
long tail risk: buy cheap OTM puts on HYG 4-12 months out,roll every 2 months, using kevinpmooney monte carlo blogger post as a basic framework, but using generalized extreme value distribution to calc the probabilities of payouts 100x premium fitted 2 shape of the returns from par of the underlying;did it all 2019 and paid out in feb/march, stared to load up again in june.i expect fireworks into the 20 sept 20 cdx rolls
🌊 Zero Two
$VTSAX only bby
🗜️ Mx
My weekly strategy is SPY butterflies in either direction, hedged with an equal VXX butterfly. If I'm right about the market direction, SPY makes money. If am wrong, VXX makes money. The key is to position your P/L ratio as high as possible, so you make more from the winning fly.
😏 Yt L.
For my own investment strategy I'm selling puts on Wells Fargo at 24.5 for 7/17. I don't think it'll drop that low, and if it does I'd be fine owning it for a while, I think it's mostly stable with decent dividends.
🗜️ Mx
I just sold mine with a small loss. I don't like to hold naked puts through earnings. EA is tomorrow before market open.