· wrinkle brain plays · 3 min read

Wrinkle Brain Plays

Plays for Execution on March 30, 2023. In the style of Fred Flintstone.

Plays for Execution on March 30, 2023. In the style of Fred Flintstone.

Tickers of Interest - TL;DR

Gamma Max Cross

  • INTC 04/21 31P for $0.75 or less
  • YPF 04/21 11P for $0.40 or less
  • APPS 04/21 12P for $0.60 or less
  • NVS 04/21 90P for $1.10 or less
  • PSNY 04/21 3.5P for $0.25 or less

Delta Neutral Cross

  • F 04/21 12P for $0.35 or less
  • MU 04/21 63P for $1.80 or less
  • COIN 04/21 64C for $5.05 or less
  • PTON 04/21 10.5C for $0.60 or less
  • MRVL 04/21 42.5P for $1.80 or less

🦕 Yabba Dabba Doo! - Why These Crayons Are Dino-mite! 🖍️

Hey there, cave dwellers! Gather ‘round the ol’ stone tablet, ‘cause I’ve got a rock-solid trading plan that’ll have you rolling in clams faster than a Brontosaurus burger! 🍔

You see, we’re gonna use some fancy schmancy techniques like technical analysis and indicator-based trading to predict prices that’ll make the Bedrock Stock Exchange go wild! 📈

We’ll start by peeking at the current option open interest and crunchin’ some numbers to calculate those mysterious greeks, Delta and Gamma. Then, we’ll simulate changes in greeks at different price points to find the sweet spots where our portfolio goes “Yabba Dabba Doo!” 🎯

Now, some tickers react like a cat on a hot tin roof when they hit delta neutral, gamma max, or both. We’ll use those reactions to drive our trading signals, like a modern stone-age family! 🚗

Our plays and target entry prices are calculated using a binomial option pricing model that’s as reliable as ol’ Dino. We’ll profit from both the directional moves and the increase in IV. It’s like hitting two birds with one stone! 🐦🪨

📜 Notes from the Flintstone Files 📜

If the price has moved past the entry price, don’t go chasin’ it like a saber-toothed squirrel! Something changed, so be cautious. Sell half your position on a double and freeroll the rest. Remember, I’m no financial advisor, just a caveman with a knack for trading. Allocate your capital wisely and don’t forget to dollar cost average in. 🌰

❓ FAQ - Because Barney Keeps Asking the Same Questions ❓

  • These plays are mostly puts. Are you a gay bear? No, I’m a straight-up caveman! These trades are just mean-reversion plays, so don’t worry about labels.
  • Are you entering all these plays? Nope! I’m just sharing some prehistoric wisdom to help you apes find more gain porn. 🦍💰
  • You mentioned a new play on the same ticker in the past. What does that mean? The new play replaces the old one. Don’t chase the price like a woolly mammoth on the loose! 🐘
  • Where are the crayons? I only see words. Click the links above, my fellow cave dweller! 🖍️
  • Have you back-tested this? You bet your saber-toothed tiger I have! Results show a moderate Sharpe Ratio (1.76) and an expected win rate of 63% of trades (7% margin of error). 📊

So, there you have it, folks! A prehistoric trading plan that’ll have you living like a king in Bedrock! Now, let’s get out there and make some clams! 🐚💰

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