@robustus@TheStalwart@FTX_Official@SBF_Alameda So you just want to be able to create derivative instruments, tied to other derivative instruments, list them on phantom unregistered exchanges and run wild with it? Some of these DeFi takes are horrendous.
Major changes to long book 👉 reduced bios $KPTI $MYOV and $DKNG to 2% positions, reduced $GPRO common but remains largest position through calendar spreads.
Started at 30% net --> now around 13% and was able to track this move well. Initiated $TSLA; added back $PTON shorts to ~4%, and remain short Qs and a basket of covered calls against longs. #ComplacencyKills
Will all this cash on hand it pays to be patient. +16% YTD (since Jul inception of strategy) and average net exposure still hovering in the 30-35% range. Control the drawdowns, the returns will come.
$WGO $VSTO $CLAR benefited from COVID... it drove ppl back into the great outdoors. Just like remote work, I think this trend stays post-pandemic (if that's a real thing!)...