Prashant Mullick, PhD Profile picture
Chessdad, Science Geek, PhD
15 subscribers
Mar 26, 2023 4 tweets 3 min read
#ChatGPT on #gormint and #taxes

Oh, how I love to pay my taxes
To the government that never relaxes
They take a chunk of my hard-earned money
And spend it on things that are not so funny

/1
Like wars and bailouts and subsidies
And salaries for their cronies and buddies
They say it's for the common good
But I wonder if they really understood

#gormint #taxes #ChatGPT
/2
Jan 2, 2023 4 tweets 1 min read
My watching order:
1 - Green 💚

#Kaleidoscope 2 - Violet 💜

#Kaleidoscope
Dec 28, 2022 4 tweets 4 min read
Flight cancellation by fog means it's tme for a #roadTrip

#chitwan #kathmandu Image #Trishuli #Nepal Image
Dec 27, 2022 4 tweets 3 min read
Heading into the Chitwan forest.

#Nepal #chitwan #nepal
Dec 10, 2022 4 tweets 5 min read
Receiving the Asian Schools U15 Championship Gold 🏅 from His Excellency Mr. Dinesh Gunawardena, Prime Minister of #SriLanka.

#Chess #Gold 🏅

#AsianSchoolsChess
@RaahilMullick At the Temple Trees, residence of the His Excellency the Prime Minister of #SriLanka for the #AsianSchoolsChess closing ceremony.
Dec 2, 2022 20 tweets 13 min read
"Write python code to download stock prices from YFinance"

#OpenAI #ChatGPT ImageImage "Write python code to Calculate implied volatility and option greeks from option prices."

#OpenAI #ChatGPT ImageImage
Apr 20, 2021 9 tweets 16 min read
Jan 17, 2020 9 tweets 3 min read
A well meaning follower at @GreeksPoint asked me this and I'm sure others will have the same question.

How much return on margin can I make using your #GammaScalping Webinar?

Great question and thanks for it. Here are some thoughts.

1/n
One of the primary goals when @alok_dharia and I started running Webinars at @Greekspoint was to educate and share our experiences with others.

But in addition we wanted to ensure that we present a quantifiable representation of our learnings.

2/n
Aug 3, 2019 6 tweets 4 min read
The next two weeks will be about holding fort to attempt getting past the trading errors of this week.

Bad trades, bad decisions.

#trading #markets The thing with bad decisions in trading or any other endeavor is that it begets other bad decisions.

The first thing is to get back to the basics and put things straight.

/2
Apr 25, 2019 11 tweets 3 min read
Sharing some thoughts on beginners who start trading short options.

Previously shared this on a closed WhatsApp group of friends.

#optionstrading

(1/n) Short option structures like Straddles and strangles have a high win rate.

A 15 delta Short strangle will end up with typically higher than 85% of trader's as winners.

This is the biggest attraction for traders new to #optionstrading

(2/n)
Apr 14, 2019 14 tweets 3 min read
As simply as this.

Using options over Futures doesn't allow you any additional edge in your directional Trade.

The Market doesn't pay for choice of traded instrument when the trader idea is Directional move of underlying.

(1/n) The only difference comes from government mandated costs for the different instruments.

(2/n)
Dec 31, 2018 8 tweets 5 min read
2018 Year in Review - The Personal Edition.

Met some fantastic traders and thought leaders.

You know who you are.

(1/n)

#2018YearinReview Grew the #OptionsTrading book despite some tough months.

February and November were the best.

September the worst.

(2/n)

#2018YearinReview
Dec 19, 2018 7 tweets 4 min read
"Volatility as an Instrument of Truth"

- Chris Cole (@artemisVol) @ArtemisVol "When the Shoeshine Boy Is
Shorting Volatility..."

buildingarks.files.wordpress.com/2014/06/artemi…

Ring a bell for the Indian markets?
Dec 6, 2018 4 tweets 2 min read
If you haven't felt this, you haven't traded.

Just got hold of @markminervini's 2nd.

Great intro, Mark. Looking forward to getting into it. A number of times when I started #trading I would read about common trading errors but then land up making the exact same errors.

I still do. It is a difficult process.

Most of it clicks when you figure out that what you are really trading is risk not return.
Dec 3, 2018 4 tweets 2 min read
BankNifty – RBI Policy Week of 06Dec vohicapital.com/trading/bankni… Concepts of "probability of touch" are used in trades like the one mentioned in this post.

When touch happens, there is no need to stay in the trade anymore.

The $BankNifty Hive of Flies taken off today with a touch of spot to 26650
Nov 20, 2018 5 tweets 2 min read
You cannot just "will" good performance.

No substitute for deliberate practice.

Thread.

👇 A great book I'd suggest for those looking to engage in enhancing their learning is Josh Waitzkin's "The Art of Learning"

joshwaitzkin.com/the-art-of-lea…
Nov 2, 2018 9 tweets 2 min read
Selling puts unnecessarily scares a lot of options traders.

If done correctly, selling cash secured or slightly levered puts is one of the most lucrative and simplest of options trading strategies.

A thread on Cash Secured Put selling.

(1/n) The value of puts is derived from what the marketplace assumes is downside risk of any underlying.

ATM puts make up their premium from in part the equity premium and partly the volatility premium.

(2/n)
Sep 16, 2018 20 tweets 5 min read
Starting up #OptionsTrading #dosanddonts for #newbies

1/n
Don't get into #OptionsTrading with less than 25L if primary engine is #OptionSelling

2/n
Aug 13, 2018 4 tweets 3 min read
Traders need to check their ledger not daily MTM PNL statements.

Selling of deep ITM options to hide and carry forward losses is a common practice amongst unscrupulous "sub-brokers" illegally managing others money in #OptionsTrading. There are no mandates from @SEBI_India on allowing "sub-brokers" or any party to trade and manage client funds in #OptionsTrading.

Certainly no mandate to take leverage of the sorts usually taken.
May 29, 2018 15 tweets 13 min read
The God of #Options #Greeks is often disregarded and has no mercy, especially on #Options #expiration day.

A #Thread on #Gamma.

#OptionsGreeks
1/n
The primary feature of #Options is their non-linear payout.

Most traders understand that #OptionsPricing is dependent on the price of the underlying, but the response is non-linear. #Gamma is the variable that describes this non-linearity.

#OptionsGreeks
2/n
May 27, 2018 17 tweets 12 min read
1/n
A lot of chatter on my TL about the #edge in #OptionsTrading, specifically #OptionSelling.
A lot of good information but some mis-information being spread as well.

A #thread. 2/n
First off, #OptionSelling by itself is NOT an edge.

Simply by selling an instrument that decays in value over time, doesn't give one an edge towards profit. It is accompanied by short gamma and rising #volatility working "against" you.

#OptionsTrading