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· wrinkle brain plays · 3 min read

Wrinkle Brain Plays

Plays for Execution on May 11, 2023. In the style of an Instagram Influencer.

Plays for Execution on May 11, 2023. In the style of an Instagram Influencer.

Tickers of Interest - TL;DR

Gamma Max Cross

  • FUBO 06/16 1.5P for $0.10 or less
  • CXW 06/16 9P for $0.25 or less
  • AZUL 06/16 7.5P for $0.75 or less
  • URA 06/16 20P for $0.30 or less
  • JCI 06/16 60P for $1.00 or less

Delta Neutral Cross

  • OXY 06/16 57.5C for $2.05 or less
  • DAL 06/16 33P for $0.95 or less
  • UPST 06/16 17.5P for $1.95 or less
  • RBLX 06/16 35P for $0.80 or less
  • NET 06/16 45P for $1.60 or less

Trading Thesis - The Tastiest Crayons for Your Money 🖍️😋

Forget boring technical analysis—we’re here to predict today’s most important prices using the flavors of crayons from the past! 🤪

This tasty thesis is based on some delish option open interest that calculates portfolio-level greeks like Delta and Gamma. 🎭🎉 Once we establish these scrumptious numbers, we’ll find out the juiciest price levels where gamma is just so good, and delta is dancing near 0. 💃💸

Some tickers have a flavor-defying price reaction to 👑 delta neutral, 💥 gamma max, or even—get this—both. It’s this past price magic that makes our trading signals sizzle! 🪄🌟

The plays and target entry prices are cooked up with some chef’s kiss binomial options pricing reflecting the size and duration of the delectable drama at 🍖 gamma max and 🍬 delta neutral affair. Catch this: the best plays get our taste buds tingling with a directional move, PLUS an IV boost! 🚀 IV drip or IV delicious? 😂

Notes - A Little Spice in Your Life 🌶️💡

  • If you missed out on biting into the entry price, be cautious! 🚨😬 Something changed from crayon-a-licious times to market open.
  • Take a bite—sell half your position on a double, and then feast or freeroll the rest at your whim! 🍽️💫
  • I’m a flavor risk taker, putting up to 1% of my taste capital on trades. 💪🍫 Low conviction? Just go for 0.5% to 0.25% and savor your dollar cost averaging. 😋💰
  • Trades were whipped up pre-market open, so remember yesterday’s garnishes might not be fresh today. 📆 🍰 New price movements could make that thesis taste a little off. 🤐

FAQ - All Your Crayon Cravings Satisfied 🍭

  • Puts galore, are you a 🏳️‍🌈🐻?
    • Nah, it just means these companies are feasting on an over-extension smorgasbord. Mean-reversion is the main dish at this price level buffet. 🥘📉
  • Are you tasting all these crayon plays? 🎭👅
    • Not every bite! There’s been a shortage of flavorful plays on WSB morning talks, so I’m pointing you foodies towards the most scrumptious morsels. 💃🍧 Use your taste buds to choose and grab that gain dessert! 🍰🤑
  • What if you’ve mentioned another play on this ticker before? 🍔↔️🍔
    • Out with the old, in with the new! 🎉✨ The original is now like stale bread. Don’t chase the taste. A fresh, full bite of data is here to replace it. 🌅🌮
  • Where are these crayons? All I see are words! 🤔
    • Fear not, the crayons are just a click away! 🔗🌈✏️
  • Give me the dish on back-testing! 🧪🧐
    • Feast your eyes: A moderate Sharpe Ratio of 1.76, an expected win rate of 63% (7% margin of error) 🏆🍴
  • What’s the historical performance? ⏰🔙
    • Realized Sharpe Ratio of 1.82 with a 66% win rate—pretty dang tasty!! 🍝 Stats (as of 2023-04-30) show a 95% chance the expected win rate will be between 62% - 73%. 🌟🌠
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