Recent content by lynx

You are quite correct. Jack Schwager reminds me of John McPhee in that way.

How is it wrong?

The bank does not loan out your deposit. They invest it in the safest investments they can find, typically t-bills or other US government guaranteed bonds. The bank takes a cut of the return, of course. That is why you get paid so little on your money. The money that the bank loans out...

I think he was trying to say that the increase in price from week to week is greater than the net profit the gas station makes on the gas. So say you were storing $50,000 worth of gas in your tanks. You sell it all at a markup of 1% for a total of $50,500. Take out say $250 for expenses...

It currently has $1.27 of time value and no intrinsic value at all. 54.50 is only $0.50 in the money. So it will only be worth 50 cents when it expires. "in the money" only means that it has some intrinsic value. It doesn't mean that it wil be profitable. Put another way, ITM/OTM only...

I could go on and on describing the many women that I know who lead impressive and responsible lives. Women who don't scam money, sleep around or take unfair advantage. In short, women with strong moral values. But I doubt that there is any point since you guys have already made up your...

Ridiculously misogynistic bullshit. There are just as many stupid and badly behaved men as there are women. And as far as intelligence and perseverance goes... I know a woman who invented several new superconducting materials by doing copious amounts of research and making logical...

I have a "spaceship" desk lamp just like the ones in Gordon Gekko's office. That was just a coincidence though. That's about it.

More power to you then. If I had any useful advice, I would give it to you...

What's wrong with civil engineering? It sounds like a lot of fun.

bbot23, thanks for the clarification.

Thanks again everyone for the info and thanks baro-san for the calculator, that was really interesting to play with. Happily, my profit target was hit yesterday and I made 30%.

Just curious, what would you do about EP? They were up 5.5% today with a volume of 25 million shares. I got that from the finviz top volume screen. There was news that they have decided to develop an oil field themselves, rather that than sell it. The price shot up but stopped at...

Very smart, now that you mention it, I think the covered call writing thing is precisely what is going on here.

Thanks! By putting a name on it you've made it easier to google.