Chasing Convexity

@Bvvffg1olhg @financialjuice @FCC @SECGov You coul have followed him in....

@financialjuice @FCC @SECGov fucking do something about this

Apple, Intel reach preliminary chip production deal - WSJ $AAPL $INTC

@folksitsover @zerohedge mute @leadlagreport from your timeline my man...

@zerohedge When does the carry trade finally blow up?

Terrified to raise rates as it will blow up the country's "wealth effect", the BOJ has become an FX daytrader. This will end in absolute disaster

@AlexPadi12 Tell us you have puts without telling us you have puts...

$CVNA with 52% revenue growth YoY is about the most blatant account of fraud and cooking books I have ever seen in my life. A used car company ? In the middle of a multi-billion $ investigation up 11,000% from the bottom is up 52% YoY in this economy ?

Now short 2,000 Shares of $CVNA at an average of $397.37

$cvna bears can't catch a break...

@TicTocTick As we have seen in the past and are seeing now, the poor actually don't pay any interest at all because they stop making payments all together...

Did you know why Carvana stock is up so much? Are they selling lot of cars? No. It’s actually a bank not car dealer . They exploit the poor. Poor pay around 25% on car loan I think. I think even high credit scores pay 8-10% at Carvana. $cvna

@chrismilas dealers that no longer have to hedge yours (and everyone elses) short-dated puts.

Who’s buying at these prices? $spy

@GTirelli89947 @alpinecap They aren't buying it. They are shorting it...this is why it is at $800...

@alpinecap I'm amazed of how many people buy this crap at 800 bucks a share....

$car call buyers are going to get smoked

@YesSer9999 They can't. Pre-earnings window.

$CAR management will probably do a ATM equity offering very soon Would be stupid not to profit from such elevated prices The house of cards will then probably collapse

@Options_Experts They can't...pre-earnings window

Avis $CAR management would be wise to quickly do a secondary offering. Issue stock at these crazy valuations. Even if they do offering at $400/share, still very smart move. Lock it it.

@WilliamNextLev1 Nah...retail is buying super expensive puts that will expire worthless despite the stock eventually going down bigly...

Pentwater Capital is selling $CAR shares. Public retail is buying.

Short-dated $car put buyers about to get a valuable lesson in IV....probably..Will delete if wrong..

@JosephKluda Shorting stock doesn’t make it go up …

How stupid can retail investors be to buy $CVNA because there is a split. Meanwhile $KMX is imploding because of a terrible used car market.

@immortal_archon Because they are shorting it...

@JosephKluda So why is u up 30% in a week?

@TorpedoTrading Think retail is mostly short....they have been for like 4 years..

Added to $CVNA short at $350.07. A lot of retail investors are going to have their accounts blown up due to concentration in momentum-driven meme stocks like this and many others that are ripping today. I will laugh uncontrollably when it happens.

@dampedspring how tight are those wings on the butterfly to get the 60:1 payoff? Most of the ones I see are 20-30...

Yep 6865 SPX cash happens fast. 60:1 long shot odds available for a 100 point 6180 put butterfly. Yes please.

Jesus Christ, @endless_frank. Just give it a rest. We know you are going to buy super expensive OTM $spx puts on the open tomorrow and watch them go to 0. All we have to do is check your timeline the past week to see you have no fucking idea what youa are talking about...

Guys...he flipped again. Short-term bottom is in. After saying the iran war is over 2 days ago, @endless_frank is back buying short-dated puts..100% contra indicator... reshort after the pop when his 2 day way OTM $spx puts go to 0....

@spotgamma You chop at 6500 for the next 6 months....

how do you price in a complete loss of confidence