Recent content by commiebat

The original poster might want to redo copy-and-pasting 101. I think if you saw the section with paragraph numbers, you'd realize there's plenty left for the Treasury.

What's wrong with the math? Or are you one of those anti-elitists who thinks math is a filthy liberal trick?

A man can drown in a bowl of soup. Lesson: Always be careful, even if you don't think you're out of your depth.

Mark, nobody (presumably) disputes your point. Obviously, getting a premium for doing something is better than not getting a premium for doing the same thing. What we're discussing now is the psychology of the trade. People who buy stocks expect/hope they will go up, but it's pretty clear to...

This is pretty much where writing-to-own falls apart. The only times you'd end up holding the shares are the times you probably don't want them anymore, i.e. when it turns out the company is a lot worse off than you thought.

The problem is whatever pushed your shares to $1 in the first place. Which probably won't leave you with a few billion dollars lying around to make a going-private bid on your own company. Even if it did, basically giving that money away to take your company private would exacerbate whatever...

Insurance costs more when you want to insure a higher risk. That is the natural order of things.

In all fairness to the original poster, LEH did not in fact go the way of BSC. :D

If they're ITM, sell to close for whatever they're worth. If they're OTM, instruct your broker not to exercise. If you do nothing, you expose yourself to a whole weekend of risk for no gain. The thing about pin risk is that GOOG has surprisingly big pins.

Mark, you know I'm the first person to back you up when you're right, but you're wrong on this one. An easy way to see that you're wrong is that if you swap the calls and puts in your calculation, the put has a 21% chance of finishing ITM and the call has 30% chance of finishing ITM. Put...

So let it be written. So let it be bought to close. :)

Stop? He doesn't know the meaning of the word.

He may well still be one.

I'd believe it. I mean, why would Jesus lie?

Link me to the post where I shouted to go long from the top. Also, link me to any post where my aunt said anything.