· wrinkle brain plays · 3 min read

Wrinkle Brain Plays

Plays for Execution on April 26, 2023. In the style of an Harley Quinn.

Plays for Execution on April 26, 2023. In the style of an Harley Quinn.

Tickers of Interest - TL;DR

Gamma Max Cross

  • TMF 05/19 8P for $0.10 or less
  • MDT 05/19 89P for $1.20 or less
  • WW 05/19 7P for $0.60 or less
  • ISEE 05/19 30P for $1.55 or less
  • TZA 05/19 34P for $2.30 or less

Delta Neutral Cross

  • EWZ 05/19 28C for $0.65 or less
  • INTC 05/19 30C for $0.75 or less
  • DIS 05/19 99C for $3.20 or less
  • XLK 05/19 147C for $1.95 or less
  • IQ 05/19 6.5C for $0.10 or less

Trading Thesis - Why These Crayons Taste Yummier 🌈🦄

Yo puddin’, technically speaking, squiggly lines and fancy-schmancy indicators love to use yesterday’s prices to guess where we’ll be partyin’ today. 🎉📈

Using some big words, like “option open interest”, we get all cool with Greeks—Delta and Gamma, not the dudes in togas. 😜 We can then play around with what these numbers do at different price points to see some surprising twists and turns. 💃🕺

For some ticker fiends, prices react all huffy-puffy to delta neutrality, gamma max-outs, or both! It’s basically a Harley Quinn-level rollercoaster ride, hun! 🎢🃏

These past reactions are what we use to come up with super-duper predictions. Trading signals are like clues to the ultimate prize, hun! 🏆💰

Our plays and target entry prices are calculated with fancy math stuff, like binomials, to give us juicy reactions from gamma max and delta neutral. Yum! 😋 We want our best plays to benefit from moves in price and increases in fancy volatility stuff. 🎯📊

Notes - Wrinkle that noggin’ 🤔💭

  • Missed our target entry price? Be cautious, puddin’! Something changed between planning the party and arriving at the bash. 🥳🚨
  • Scored a double? Sell half and play with the rest as you please! 🎲✌️
  • Wanna bet big? Risk up to 1% of your treasure chest. Not feelin’ it? Go for 0.25% to 0.5% and spread out your cash. 💵💰
  • Keep in mind, these trades were calculated before the market opened, and are based on yesterday’s gossip. Keep an eye out for new shenanigans today.🕵️‍♀️📰

FAQ - In case you ain’t payin’ attention 💡❓

  • These plays are mostly puts. Are you a baddie bear? 🐻💔
    • Nah, cupcake. It just so happens companies had a wild run, and now they might need a lil’ break. Our trades are like mean-reversion hugs! 🤗
  • You takin’ all these plays? 🎲💸
    • Nope, but I thought I’d share my chaotic bag o’ tricks with my fellow apes to help y’all score some sweet gainz. 🦍💥
  • New play on an old fave? Whatcha talkin’ ‘bout? 🔄🗣️
    • Simple, the new play kicks out the old one. The oldie’s probably no good, so don’t go chasin’ after lost balloons. 🎈
  • Where’s the crayon art? 🖍️🎨
    • Follow the shiny links above, sweetums. 🌟🔗
  • Did you back-test this? 🤖📚
    • Sure did! Got a respectable Sharpe Ratio (1.76) and a party-hard win rate of 63% (7% margin of error). 🎊📈
  • How’d it go back in time? 🔙🕰️
    • History gave us a Sharpe Ratio of 1.85 and a win rate of 68%. That means we’re pretty darn sure we’ll keep winning 63-75% of the time. (Stats as of 2023-03-31) 🏅🔥
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