Share this page!

Expound the profound Profile picture
Twitter logo
Nov 8 • 6 tweets • 2 min read
Very unusual
i smell a #swap brewing Image
And I was rite...
#SWAP ALERT Image
This market is so broken i dont even know where to start.

Literally if you were trading, looked away for 1 sec, scratched your butt or anything - you got screwed unless you were somekind of delta neutral
And I KNEW the fed was gonna do ths - this whole set up was there

so as markets raced higher, i'd buy strike and sell a hgher strike in 5c increments - if it didnt sell in 10-20s id lower my price but make damn sure i was covered

im onto their game now

i got them on BOTH sides
so now i have a locked in profitable iron condor, built from the ground up on either side

which i wanted anyway for this election nonsense.

now i can sit back and enjoy my popcorn

<...continues to fume...>
tqqq at moment is my main track

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Expound the profound

Expound the profound Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @frankoz95967943

Expound the profound Profile picture
Nov 11
So what really happened today during this massive upset to $DXY

Lets dive in

Theres always a reason

And it is always related to currency operations
👇🧵 Image
look at that chart REALLY close. JPYCAD moved bigly.
USDCHF and USDJPY and USDCAD....

wtf...why?

B/C japan bought canadian bonds and us bonds, thats why.

notice the yields on CA30 and US30.

jPan did that.

Prolly bought CH30 too
jPan plays currency games with canada - to crush oil (canada is a major oil producer)

Here oil (white) is inverted
Notice how usdcad moves invert oil? ...or did?

Thats japan - jpycad how you can see it Image
Read 9 tweets
Expound the profound Profile picture
Nov 6
Currencies are just short cuts for bonds.

In a normal world, its usually the 30y that drives currency.

And it makes sense, right?

Higher interest rates draws foreign capital...

Well, something interesting is going on - last 2 wk have been nuts.
🧵👇
So im intersted in currencies cuz if you followed me for any length of time, the market is driven by currencies.

Well, im wrong - its driven by bonds which drive currencies, but same diff

Currencies are driven NORMALLY by 30y
But opposing currencies can effect other currencies
Here vs cad - just so u can see - pay attn to peaks and vallies... this just a reference for now....nothing important
Read 37 tweets
Expound the profound Profile picture
Nov 6
#OPTIONS
#STRADDLE
Some strategies and their setup

today is straddle

🧵👇
Some terms:

This is a straddle set up

you lose if stonk stays in 9 range
win if 8 or 10

1) Probability of profit (POP)
2) Extrinsic value (EXT)
3) 50% profit
4) Delta
5) Theta
6) Max profit
7) Max loss

Cost to set up 147$

December strike
Every day this set up will lose theta (5) if you are a buyer, and gain in value if you are a seller

In the straddle above, you are a buyer on both sides, so you are risking loss

The higher the IV the faster the change.

And the closer to expiration the faster the change
Read 8 tweets
Expound the profound Profile picture
Nov 4
Short thread on whats goin on w/ vix - continued other thread.
Vix changes depending on wtf the fed wants.

last couple sessions oil is linked to usdcad which is linked to the vix

oil goes up vix will go down
if you've followed my writing on the vix, down vix naturally lifts markets, but especially if paired with a weaker dollar (which is what swaps do)
Read 6 tweets
Expound the profound Profile picture
Nov 4
Starting an options strategy thread to help my followers.
wirc-icai.org/images/materia…
I recommend tastytrade account to assist with the math.
tastytrade.com Image
Image
Read 8 tweets
Expound the profound Profile picture
Nov 3
Yes.

This.
( sven is awesome btw - you should follow him)

🧵👇
Lets talk about WHY its broken....
The vix doesnt always follow DXY higher Image
Read 21 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(