Post AYo3CK9OduGPRps0m0 by LONEWOOF@noagendasocial.com
 (DIR) More posts by LONEWOOF@noagendasocial.com
 (DIR) Post #AYnruyRazj4HhwuIGO by NBS@noagendasocial.com
       2023-08-16T23:19:13Z
       
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       I onboarded a new fund this week on the DCP (direct counterparty) desk. Pretty big win for me career-wise since I’m executing all of their trades now.Better yet: from a derivatives market maker perspective, they’re relatively low risk trades, though large size. Given they’re low risk trades, I can trade a shit load of size since I’m trading with them directly.Today they bought 5,180 SPX Sep 3250 / 4025 put spreads for $6.95, I sold 1,725… or 33% of the trade.Feelsgoodman
       
 (DIR) Post #AYnsZNZgykyJESxdAG by NBS@noagendasocial.com
       2023-08-16T23:26:31Z
       
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       For some background tooThis fund sold this put spread months ago for multiples higher premium, so they were locking in a winner. As a market maker, I delta hedge all of my trades, so they win and I win (they pay over my ‘fair value’, so I lock in PnL).Win-win. People say markets, especially derivatives, are zero-sum games, and this is absolutely not true. This fund trades delta, over X timeframe, I trade vol over Y timeframe. We can both make money depending on our strategy.
       
 (DIR) Post #AYo3CK9OduGPRps0m0 by LONEWOOF@noagendasocial.com
       2023-08-17T01:25:36Z
       
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       @NBS Well done brother, I hope the charts are ever in your favor!