Phil M

Volatility trader. Always on the lookout for convex bets. Strong opinions loosely held.

[Phil M @AlwaysLongGamma]

@SPXTrades What strikes did you end up grabbing for those?

[Phil M @AlwaysLongGamma]

@prpl8 Hahaha, omg.... that could literally be me talking. Def my alter ego (when it comes to MSTR)

[Phil M @AlwaysLongGamma]

@SPXTrades Bullish!😂

[Phil M @AlwaysLongGamma]

@SPXTrades Makes sense. How far out (in time) are you going out on the puts for this?

[Phil M @AlwaysLongGamma]

@SPXTrades 5-10% correction, I assume?

[Phil M @AlwaysLongGamma]

@SPXTrades Haha, imagine that?! You know it'll be bought up in the first... 10-15 mins? 😉

[Phil M @AlwaysLongGamma]

@SPXTrades 💯 Extend and Pretend

[Phil M @AlwaysLongGamma]

@michaellistman #ThingsThatDidntHappen 💪

[Phil M @AlwaysLongGamma]

@SPXTrades sick call - props

[Phil M @AlwaysLongGamma]

@SPXTrades Curious when/where do you stop out on these or you hold through the close no matter what the action (barring news)?

[Phil M @AlwaysLongGamma]

@Merridew__ @Merridew__ - question for you: how do you tend to size these 1x2s, as a general approach? 🙏

[Phil M @AlwaysLongGamma]

@prpl8 @orrdavid @BillAckman I sold all ORR I had today and second this - @orrdavid might be a good/maybe even great investor, but his arrogance and... um ... unconventional views leave me wanting to have nothing whatsoever to do with him or his investment vehicles.

[Phil M @AlwaysLongGamma]

@BoVPrivate IRAN'S PRESIDENT PEZESHKIAN STATES THEY ARE PREPARED TO END THE WAR IF THEY RECEIVE GUARANTEES.

They said this before, I'm not sure why this is anything new... but anyway. :)

[Phil M @AlwaysLongGamma]

@Merridew__ @cryptobyrde Could be also that everybody is front-running pre-FOMC vol crush / usual SPX levitation into it.... surprising to see this with CL still green, but could be one reason?

[Phil M @AlwaysLongGamma]

@prpl8 💯. They looked at what's happening and quickly figured out where the real $$$ are.

[Phil M @AlwaysLongGamma]

@SPXTrades Usually a reliable signal of interim bottom.... although in this headline-driven market, who knows.

[Phil M @AlwaysLongGamma]

@SPXTrades Given that it's Saylor, it might very well be real, although I have no idea how he plans to do it unless he issues stock at sub-1 NAV....

[Phil M @AlwaysLongGamma]

@Merridew__ @Merridew__ - keep meaning to ask you... with these structures, given that you don't hedge deltas, what do you do when it moves against you? Hold to a level and then close at a loss, that simple?

[Phil M @AlwaysLongGamma]

@prpl8 There's a notion of an "investment clock" - an assumption that asset classes move in a fairly orderly sequence. Price trends in one asset class inexorably lead to trends in the others. Ditto for volatility in asset classes. :)