Recent content by Tibster

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    POTUS on ballooning debt "I won't be here" when it blows up

    That's what you get with a debt based currency. If they wanted to pay all debt, there would be no money left and still have debt to pay. All news about government debt is meant to undermine the credibility of the current government. It hits the masses because everyone keep saying debt is bad...
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    Selling Premium - Strategy Never Discussed

    You lose less when markets tank. You also win less when markets soar. If the stock rises more than the premium you received during a week, you'll have to either reduce the number of options to raise your strike or write more options at a much lower strike, reducing your exposure to further upside.
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    Crypto will never replace normal currency

    What this means is there's a lot of money willing to buy hashing power instead of private jets or space trips. Would it be more eco-friendly to burn all that gas instead? The current energy consumption levels is an anomaly due to the recent parabolic price increase. It's completely unecessary...
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    Printing Money

    You can twist numbers to suit any narrative. Inflation adjusted income may be the same, but quality of life bought from that income improved dramatically. We just do not notice the incremental difference from year to year. A 12 inch color TV used to cost $300 in the 70s. That's about $2000 in...
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    why trade ATM options vs OTM

    I check the zero-cost backspread P/L graph to figure the strike. For example, stock at 100, 100 strike is $3, 110 strike is $2. Zero-cost backspread is 1 ATM for 2 110. The 2 110 will break even with the ATM at 120. If stock is expected to be over 120 at expiration, then the 110 options will be...
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    Microsoft to Acquire Github

    Railroads are expensive to lay out. Repositories are cheap to clone and host elsewhere. There are plenty of git based repository hosting available to move the open source community should GitHub become clunky. If none is suitable, you can be sure a new one will be created. The open source...
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    LEAPS is a synthetic rolling calendar?

    Yeah I know that it's just an option, but there has to be a relationship to prior months. What I mean is if I were to buy a LEAPS or buy the front month and roll it every month, I would end up in the same situation, which is I would own an option at a given strike that expires. AMZN example...
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    LEAPS is a synthetic rolling calendar?

    Is it safe to assume the LEAPS extrinsic value is the sum of expected extrinsic value of a monthly rolling position at the same strike until LEAPS date? My guts tell me it has to be, because if it's not, there's an arbitrage opportunity. There's this fear of rapid decay of short term option...
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    Microsoft to Acquire Github

    Sure, but MS buying GitHub has no impact. Anyone can clone the repositories and repackage the code already.
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    Microsoft to Acquire Github

    That would be theft. Github offers a set of tools on top of git. That would be the same as saying Microsoft owns the rights to everything done with Word or Excel.
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    Goldman Sachs launches new cryptocurrency

    Such services(ex: Shapeshift, Changelly) emerged a few years ago to bridge different blockchains. You tell them how much of a given coin you want, the destination address and the coin you'll use in payment. It generates an address where you send the coins and they'll convert. Lend the USD...
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    BCH vs. BTC or The Raise of Bitcoin Cash

    There's no use replying to someone that uses the term "Bcash". It's only used in Blockstream controlled echo chambers. It might have been called that a few days after the fork, but the rest of the world moved on with Bitcoin Cash. That shows how much these echo chambers live in their own bubble...
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    Ripple BULL RUN

    Whatever Ripple tech the banks are using, it's not on the XRP fueled network. It's confusing on purpose to make people think they can profit from Ripple success with XRP while they hold a huge stack ready to sell whenever it pumps by making XRP look like stock. It's not stock, it's used to...
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    Bitcoin miners facing a shakeout as profitability becomes harder

    Your base assumption is wrong. Mining difficulty does not increase with chain length or number of transactions. It self-balances so a block is found every 10 minutes on average, based on the number of mined blocks since the last rebalance.
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