I would gladly give credit if indeed I had seen that note - anyways put spreads funded by calls (put spread collars / quiet bears) )isn’t all that unique a structure - these trades go through the market daily - my point simply was upside is limited and downside process is likely to take longer and be slower than 1h so put spreads make more sense than puts outright - The intent of my notes is not to give trade ideas per se but to the frame discussions on macro and central banks in particular
mate no reason for hostility - if "credit to GS" makes you feel better I'm cool with that - I write to share my views and encourage debate to improve my thought process - not for glory - been doing this long enough to know markets always find a way to make fools out of even the smartest folks
You should give credit to Goldman's recent research note if you're going to steal their idea of put spreads funded by calls.
I would gladly give credit if indeed I had seen that note - anyways put spreads funded by calls (put spread collars / quiet bears) )isn’t all that unique a structure - these trades go through the market daily - my point simply was upside is limited and downside process is likely to take longer and be slower than 1h so put spreads make more sense than puts outright - The intent of my notes is not to give trade ideas per se but to the frame discussions on macro and central banks in particular
It was the headline article on the front-page of Bloomberg yesterday.
https://www.bloomberg.com/news/articles/2022-08-02/goldman-warns-against-being-too-early-in-fading-recession-risk
"[Goldman] continue to favor selling calls to buy puts in a bid to protect equity exposure, according to the note."
But if you say you didn't see it, then, congrats, you trade like Goldman.
mate no reason for hostility - if "credit to GS" makes you feel better I'm cool with that - I write to share my views and encourage debate to improve my thought process - not for glory - been doing this long enough to know markets always find a way to make fools out of even the smartest folks
It's not hostility to say you trade like Goldman — that is a compliment.
aah - my apols - totally misunderstood - thanks for the compliment ..