Recent content by kj5159

wabu...I know some people who are gambling addicts, and you are a gambling addict. If you really worked in private equity, which I don't believe that you did unless you were the secretary, you would know that what you're doing is stupid for a variety of reasons. You have a serious problem.

I dare not surrender.

I didn't think to do that, but I'm an idiot and that's what I should have done. I appreciate that question as now I know.

I didn't have enough margin to exercise all (any) of the contracts, I calculated max loss as the flat part outside of the profit tent on the P&L diagram.I only got assigned the short puts in the middle

I had a 121 put butterfly on and the stock took a dump and I got assigned the short puts early and what was supposed to be a loss capped at ~3% of my assets turned into a loss of about 30% of my assets. I'm pretty much a wreck right now. Any advice/tips etc. would be greatly appreciated right now.

Ackman has made very good returns over his career, I don't see how that is up for debate as it is quantifiable.

So their government uses pension contribution policies to control inflation/deflation? That is terrifying.

Just think about it in a simple example, if you have underlying at $50 and your $52 call has a premium of $5, gamma will be lower (and vol higher) because there is less change in the option premium if the underlying goes up to $55 than, all else equal, if the premium paid were originally $2...

You're hired for PR, irregardless of whatever else goes down.

I was thinking about the idea of going long the stocks in the Dow that have dividend yields higher than the yield of DIA while shorting the index as a hedge in equal proportion, so the portfolio might be 50% short DIA and 50% long the higher dividend basket; is there a name for this kind of trade?

China will just wait him out till 2020 and if he wins reelection they'll make some half-ass attempts to look like they care and then they'll just wait out the next election. Xi doesn't have to win a popularity contest every 4 years, time is on his side.

Glad I can help. I'm not a pro by any means but I have picked up some useful nuggets thus far:thumbsup:. I would say as a study tool (this is the way my brain works, not sure about your personal learning style so feel free to take the gist of this and tweak it to teach yourself easier), go on...

This is not necessarily true, you can make a trade such as a vertical credit spread where you're primarily interested in the price of the underlying more than vol. Sure, if you write a 65/70 call credit spread on XYZ when the underlying is at $50, you don't care about vol or IV so much (after...