#WILDER DELTA PHENOMENON BACKTEST PLUS#

We informed all appropriate magazines and newspapers that Mr. Reproduction of these materials in whole or in part is prohibited without the written consent of The Delta Society International.

©Copyright 1991 The Delta Society International All rights in the text and materials herein are reserved to the copyright owner. Such patent rights will be strictly enforced against violators. Materials as disclosed herein is the subject of pending patent applications. The technique for utilizing the concept and underlying The price is one hundred and seventy-five dollars. To publish and maintain the availability of THE DELTA PHENOMENON or THE HIDDEN ORDER IN ALL MARKETS Box 128ĥ615 McLeansville Road McLeansville, NC 27301 It is the intent of THE DELTA SOCIETY INTERNATIONAL This book is published by and available from THE DELTA SOCIETY INTERNATIONAL P.O. Mackhan a registered letter demanding that he cease immediately from publishing my ad and expressed our fears that he was knowingly involved in an illegal scheme that involved a breach of contract. Then I called an emergency meeting with my attorneys and we set out a course of action. Next I tried to contact Gary Mackhan, but was unsuccessful. Not only was I astonished that someone was publishing a book about Delta, but he had the audacity to use my ad to try to sell it! First, I tried to obtain a copy of the book, but was told that it would not be ready for three or four weeks. I knew immediately that nothing on this planet but The Delta Phenomenon could make the claims that were in that ad. and even the accuracy ratings (slightly changed) were all as in my previous ad.

the statement that the turning points on the same two time frames could be predicted ten years or more ahead. Someone (whom I shall call Gary Mackhan) was looking at me, stating that he was offering a book for sale which revealed the secret of 'the most important discovery ever made about the markets.' The ad layout and wording was almost exactly like the ad I had published in newspapers and magazines all over the world in 19 regarding THE DELTA SOCIETY INTERNATIONAL. One of them faxed the ad to me and I must admit I was shocked and alarmed by what I saw.They were concerned that the Delta secret, for which they had each paid $35,000 to learn was out! On the day the ad was published, two of the Delta Directors (from different parts of the world) called me regarding the ad. However, an almost unnoticed ad in a national newspaper in the summer of 1990 started a chain of events that resulted in the publication of this book. The strategy had an annual return of 1.40% on total strategy profit of $2,171.40.PROLOGUE I never thought, even in my wildest dreams, that I would ever write this book. To see how we calculate the profit on an actual backtest example, consider the SPY Short Call with Hedged Days = 1 below. The 50 shares bought on day one had no profit since the stock price at day three was the same as day one. You can see that the profit from the stock is a loss, since the 30 shares bought on day two we sold at a lower price on day three.

#WILDER DELTA PHENOMENON BACKTEST PLUS#

The profit from that position would be the profit from the options plus the profit from trading the stock. On the third day, if the stock were to go back down to its original level, then the 30 shares would have to be sold to be again delta neutral. The next day, if the stock goes up and the call is now an in-the-money 80 delta, 30 more shares are bought to again flatten the deltas. To make the deltas neutral, 50 shares of stock are bought to flatten the deltas. For example, you can flatten deltas every 7 days or when the delta reaches 50 long or short.įor a delta neutral trading example, assume a position short 50 deltas from selling an at-the-money call. ORATS offers the ability to backtest delta neutral by selecting 'Hedge Days' parameter when setting up a backtest. The options trading technique called 'delta neutral' is flattening out a position's delta at a time interval or a delta level.

Wilder delta phenomenon backtest