· 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! 🐚💰

Use of HalfOnADouble's research is at your own risk. In no event should HalfOnADouble or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to conduct your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision concerning the transaction of any securities covered herein. You should assume that as of the publication date of any content, HalfOnADouble (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein moves as predicted. Following the publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. HalfOnADouble is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented "as is," without warranty of any kind - whether express or implied. HalfOnADouble makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and HalfOnADouble does not undertake to update or supplement this report or any of the information contained herein.
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