Bachman

button pusher

[Bachman @OrderFlowBach]

@MikeWeinerRules @icespicetrader @jamestsliu just a few wieners right now. sometimes 2 at once.

basically subhuman for the first year. i don't have a first or last name and they call me Beeker. lots of wieners once u start generating pnl tho

[Bachman @OrderFlowBach]

@jamestsliu thought i made it out of the maze, but turns out im just in a bigger one now

[Bachman @OrderFlowBach]

first questions they asked me when i showed up to our group:

1.) what's a box? 2.) why is the cost of a box different across months with the same strikes? 3.) are you an idiot?

i only had the answer to one of the questions

[Tina @moreproteinbars]

What exactly is a Box? 📦 It’s a popular topic of discussion on Fintwit. I will use the December $50/$150 🛢️box as an example. The options strategy called a box, is in fact, a callspread Plus a putspread of the same 2 strikes ie, $50/$150 cs plus $50/$150 ps here. Almost always will use European style options so there’s no risk of early exercise. The value of the 📦 is the present value of the difference in the strikes. Ie $100/exp(.057)(220 days to exp/365)=$96.62. If you back out the implied interest rate(r)from the value of traded price of the box on the exchange, you will see that the interest rate is usually higher than treasuries. And usually because it involves options, it’s taxed at 1256 rates- obviously check your situation w your accountant. If you buy a box, you are outlaying cash, so lending money, hold it to expiration and have it go from $96.62 to $100 like a zero coupon bond. If you sell a box, you are borrowing money. Now, Why are these interest rates higher than treasuries? It is simply because this is how professional marketmakers manage cash and is the market to borrow and lend for them. If they buy or sell the box, the money goes in or out of their trading account as soon as it trades and they have it available for margin. It’s high enough to attract lenders, but low enough that people will easily pay to these rates to borrow. This strategy is interesting these days for off floor investors to allocate their excess cash to, for both the interest rate and the tax efficiency. Not Financial Advice.

[Bachman @OrderFlowBach]

@hekyoda @BillAckman @NeriOxman find god

[Bachman @OrderFlowBach]

@AeroSpaceKnight @pronounced_kyle doctors...

good news: we have your new heart

bad news: it got turned into complete mush on the ride over

[Bachman @OrderFlowBach]

@PutSellerPablo @Trade_At_Ease do not even think about thinking about harry cock

[Bachman @OrderFlowBach]

@HitmanActual_ gonna show my boss PB tomorrow and see what he says

[Bachman @OrderFlowBach]

okay they're finally teaching me how to trade options.

only thing i've learned so far is that MM's are slightly autistic math nerds

[Bachman @OrderFlowBach]

@Jason Subways used to be fantastic in the early days, but they've saturated the market and cannibalized themselves.

All of the management moves over the past 10 years have been focused on boosting the franchisor profits at the expense of franchisees to boost the PE acquisition price.

[Bachman @OrderFlowBach]

@ChrisDMacro Tosh's new show

https://t.co/isknpfaYos

[Bachman @OrderFlowBach]

@BaileyTradez Assuming you can't sit down with those massive nuts you're carrying around

[Bachman @OrderFlowBach]

@BaileyTradez Do you use a standing desk?

[Bachman @OrderFlowBach]

@_ajca_ "dahhhd, did you buy the dip"

[Bachman @OrderFlowBach]

this timeline we're in is absolute whack

[Martin Shkreli (e/acc) @wagieeacc]

Sam,

By now you have made contact with Flacco. Good. That's the only reason you're alive right now. The next part of your story is critical.

I have attached a photograph of Kentrell Gaulden, better known as "YoungBoy Never Broke Again" or "NBA YoungBoy" @neverbrokeagain. How does he fit into this? I will explain, but only if you want to survive the next n years.

Sam, I don't know what sentence you will get, but from here on out you are going to LARP your fat ass off. No, not the Magic: The Gathering kind of LARP. You don't know what MTG or League of Legends is anymore. All you know is you were a kid from Oakland who grew up poor. If someone says "weren't your parents rich?", you suck your teeth (its this tsk/pshh sound Black people make), ball your fists and say "I hate it when people say that", and explain that you grew up in the hood and your parents got rich later, but you never "got rich and switched" because "never that".

I will be sending you a map of Oakland with certain areas circled. You are to study this map carefully and explain where and when you sold drugs in this neighborhood to make ends meet.

When you became successful, you got the chance to meet NBA YoungBoy and became his best friend. No one will check on this at all. You must learn everything you can about him, though. You can make up any story you want, no one will look into it. You already know how to do this kind of stuff, don't stop now. If you explain that you funded the debut hit "Until Death Call My Name" (death is pronounced deaf in this context), you will win many fans in prison.

Memorize his lyrics. Why? You will find yourself in awkward situations in prison. Standing around with some folks who are going to look at your suspiciously. When this happens, I want you to lean back and recite these lyrics from NBA's hit song "Outside Today":

"Tryna' hide from the cameras, I ain't going outside today
Couldn't find Hi-Tech, so I'm drinking on Act' today
I'ma pull up in style, we gon' do a drive by in the Wraith
I'ma take it to trial, pray to Lord I beat the case"

See, Sam, you did "take it to trial". And while you didn't beat the case, no one does. But the fact you know these lyrics will immediately loosen the tension in the room. In fact, if you do what I say correctly, most likely your peers in the room will have an involuntary affirmation-type reaction, such as grunting (an "ungh" type sound" or saying "what else" or rapping the lyrics with you.) At some point they will question you on how someone with your appearance could know that song. You know because you paid for it. That's your family.

"That money be callin' I don't do no talkin' so get the fuck outta my face
Gotta tech and a chopper, with a hundred thousand dollars up in the Wraith
You know I ain't slippin' you know that I'm with it I'll shoot him right up in his face
Three say that I'm trippin' you know that I'm drippin'
I'm wrapped in Saran today"

Prison will be easy for you after this. Just trust me. Anytime I was in a sticky situation, I mumbled @50cent hit "Many Men". Problem solved, 180 vibe change, new friend made. Now, I happen to actually like the song, but that is irrelevant. You will learn to love rap music. You have no choice.

Another thing. Keep Nishad and Gary in mind at all times. "They put you here". Obviously the truth is that you put yourself here, but in prison, you can't think like that. In prison, "these people" (white people, the government, basically) put you here because they didn't like how much money you was making. And without the snitches you would be chilling with NBAYB on your private jet. Bring pictures of you on the jets.

Tell these stories and you will have friends. Friends who will kill for you. But you have to be authentic. Do not fuck this up.

Flacco has something for you, see him in the usual spot. Good luck, Sam.

[Bachman @OrderFlowBach]

@ScottPh77711570 @therobotjames +1 on roam

[Bachman @OrderFlowBach]

@SamuelWelsh10

[Bachman @OrderFlowBach]

@LNG_WNTR_TRD_co Just missed ya. Went last weekend and hit up Wall Street and Ice Cream Parlor.

First time out there. Absolutely love Moab.

[Bachman @OrderFlowBach]

@nope_its_lily how did we end up here?

[Bachman @OrderFlowBach]

I think i've figured out the SOFR market.

One bank comes in and sells puts at a level. Then paper fomo piles in on those puts until we pin that strike.

Then they jam more puts down your throat until you want to puke. Rinse. Repeat.

[Bachman @OrderFlowBach]

the comments on this really make me think we’re headed towards Idiocracy

https://t.co/wXtnRSXS3X

[Alex Cohen @anothercohen]

I don’t think people without kids understand just how much free time they have