@0xPredictor@paradex my personal thought is that we are never going to have a GFC again in our lifetimes. Mostly a function of the new fed paradigm after 2008 and all the new fancy tools we have to backstop things. We can fix the markets and just pass it on to the citizens down the line. Think 2020
Just covered my short 150k call leaps I put on at the end of August for a 41% gain. This is a huge $ gain for me as a hedge.
Seeing some flow on @paradex that tells me some whales are think we are close to a bottom here. Big put spread sell orders, everytime this has happened we have been close to a bottom.
Iโm ready for the next leg higher ๐
Recap of what I did today:
Covered 13% of my short 150k BTC calls at 35% gain (2 year leaps)
Sold to open $35 strike TQQQ puts and closed them for a quick 20% gain this am. Looking to trade this strike again tomorrow
Sold to open more 67k puts on BTC (2 year leaps)
gfc it would be pretty bad, but 2020 was actually okay. I can share some backtests of how I go about selling it. If you are trading institutional capital, you want to only be selling PS and CS. I do cash covered puts since I am okay with that risk. However, it is not normal for institutional capital
@0xPredictor@paradex I would need to see a huge market structure break happen for me to stop. Ultimately, I would start selling vol again once things stabilize a little. Even in bear markets you can make money being short puts if you are really good at being tactical with strikes and expirations
@AjaxHamiltonian hey bro, I am here for you. Life is a roller coaster, never make a permanent decision for a temporary feeling. Things will get better and if they don't we are here for you! My DMs are always open to talk king! Sometimes we all just need to take a step back and talk it out