Data through close

· wrinkle brain plays · 3 min read

Wrinkle Brain Plays

Plays for Execution on April 17, 2023. In the style of Barney Stinson.

Plays for Execution on April 17, 2023. In the style of Barney Stinson.

Tickers of Interest - TL;DR

Gamma Max Cross

  • BAC 05/19 29P for $0.55 or less
  • MO 05/19 45P for $0.85 or less
  • TECK 05/19 45P for $1.95 or less
  • APO 05/19 62.5P for $2.05 or less
  • OIH 05/19 285P for $8.75 or less

Delta Neutral Cross

  • F 05/19 12P for $0.40 or less
  • C 05/19 49P for $1.05 or less
  • WFC 05/19 37.5P for $0.55 or less
  • NIO 05/19 10C for $0.40 or less
  • PYPL 05/19 75P for $3.00 or less

Trading Thesis - Why These Crayons Taste Better 🖍️😋

Suit up, traders! Let’s talk about the legen - wait for it - dary strategy that’s gonna make you richer than a chocolate cake! 🎩💰🍰

Here’s the deal: we’re using fancy math (option open interest) to find the sweet spot where portfolio-level greeks (Delta and Gamma) work their magic. 💫🧙‍♂️

Sometimes, tickers go wild at delta neutral, gamma max, or even both! 🎢🚀 We’re using these price level parties from the past to drive our trading signals. 🎉

Our plays and target entry prices are calculated with a binomial option pricing model that’s cooler than a polar bear’s toenails. 🐾❄️ The best plays make money from the directional move and the increase in IV. 🌟

Notes - Wrinkling Your Brain 🧠🔮

If the price has moved past the entry price, hold your horses! 🐴⚠️ Something changed, so be careful. Sell half your position on a double and freeroll the rest. 🎲💸

I risk up to 1% of my capital on trades, but if I’m feeling less confident, I’ll go for 0.5% or even 0.25%. 💼💰

Keep in mind that these trades are based on info up to yesterday. New price movement might make our thesis so yesterday. 📆🔄

FAQ - Answering Your Burning Questions 🔥❓

  • Are these plays mostly puts? Are you a gay bear? 🐻🌈 Nope! It’s just that these companies are overextended, like a rubber band ready to snap back. 📈🔙
  • Am I entering all these plays? Nah! I’m just helping you apes find more gain porn. 🦍💪🎬
  • New play on the same ticker? It means the old play is outdated like a flip phone. 📞🚫 Stick to the new one!
  • Can’t find the crayons? 🖍️🔍 Click the links above, my friend!
  • Back-tested? You bet! Results show a Sharpe Ratio of 1.76 and a 63% win rate (±7%). 📈🏆
  • Historical performance? Realized Sharpe Ratio of 1.85 and a 68% win rate. There’s a 95% chance the expected win rate will be between 63% and 75% (as of 2023-03-31). 📊🌟

Now, suit up, pick your plays, and let’s get that gain porn! 🚀📈💰

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