Iron Fly

Full Time Compulsive Option Trader and Python Coder.

No TA based trading - No Charts based trading - Believes Market is irrational and unpredictable.

[Iron Fly @IronFly9]

Live Verified P&L

https://t.co/iql4qS5w18

[Iron Fly @IronFly9]

@Patterns0001 As % of GDP?

[Iron Fly @IronFly9]

@PRAFULKULKARN18 @BJP4India It is frustrating seeing arrogant and insensitive Finance Minister. I think target is collecting money for MNREGA and other freebies.

[Iron Fly @IronFly9]

@Ronak_Unadkat This is dangerous.

[Iron Fly @IronFly9]

Due to cas, i tried US options but cost of trading in US is very very high

[Iron Fly @IronFly9]

@aakankshalovely Colocation clients of exchanges have economical advantage over retail traders because settlement information disseminated by Exchanges reach them first. Therefore, in less than 1 second of settlement announcement, premium will be eaten by colo client. #RollbackCAS

[Iron Fly @IronFly9]

@vishalmehta29 Another big issue is that NSE colocation clients has earliest dissemination of Settlement price information so they will take all the risk premium option trader build in anticipation of settlement price - It is a biased regime. Option trading in its current form will not survive

[Iron Fly @IronFly9]

@SriniVega What is your reasons not to trade SPY and SX5E?

[Iron Fly @IronFly9]

@PMOIndia @narendramodi @nsitharaman Now, Govt. start touching places which impact masses in negative ways. This will destroy popularity of Govt. even in its stronger base. SEBI CAS, UPI etc are to make big player happy.

[Iron Fly @IronFly9]

@PRAFULKULKARN18 People with either low IQ or no idea of market behavior are justifying CAS including some journalist like @_anujsinghal

[Iron Fly @IronFly9]

@iarjuntandon God knows, it might be a source of corruption @PMOIndia . @SEBI_India chief would have taken lots of kickbacks from FII to implement this flawed system which is against retial.

[Iron Fly @IronFly9]

@GoldenDustbin The CAS issue is made to be your Algo issue. It is not to be celebrated.

[Iron Fly @IronFly9]

Full week nifty move within 200 point range and on expiry within 5mins it moved 200 point and possible can move 600-700points with very high degree of possibility. Now, how do you price this in options?

[Iron Fly @IronFly9]

@tejaskhoday One way talk. What is the point?

[Iron Fly @IronFly9]

@PRAFULKULKARN18 Egoistic Minister, Egoistic SEBI. What else to expect?

[Iron Fly @IronFly9]

@NSEIndia It is a broken system which is enforced.

[Iron Fly @IronFly9]

@Nigel__DSouza In finance and in particular trading, hope is path to ruin. CAS logic is not justified. Broken structure is enforced. Main point is that no authority is listening and addressing concerns. This is call authoritative bureaucracy.

[Iron Fly @IronFly9]

@iarjuntandon @fintinity @AnilSinghvi_ @_anujsinghal I heard @_anujsinghal today. He is either not understanding flaw in CAS or he is try to be in good books with regulator. They are running businesses in disguise of advocate for traders. I have no expectations.

[Iron Fly @IronFly9]

@SarangSood Exactly, those who thinks that it is trader's problem, will soon realize that some fool sitting on top has destroyed the capital system in India including them.

[Iron Fly @IronFly9]

someone forwarded me this.

[Iron Fly @IronFly9]

@SantoshPasi This is no justification for adopting useless system.