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never say a 12 standard dev mov won’t happen.

For someone wealthy enough to “be a client” contemplating tax jurisdictions there are lots of legal ways to do this with insurance wrappers.

ha. Laziest writing in a bond movie ever. It was a real tax strategy if you had an operating business though many hedgefund GP’s (like ackman) are doing it. IRS started cracking down on it.

Bitcoin was designed as a proof of concept. Not to be a global reserve currency nor to be a store of value.

I got 10 forks right here!

never have unprotected sex with a girl who has aids. never listen to the dawn.

If bitcoin does not increase in price then literally by definition it has not performed better than the dollar (absent ability to lend it vs lending dollars).

no he doesn’t. 30percent prob has some premium given vol is like 25 but it’s beyond dumb to trade the itm for the premium. i traded itm options for a tax arb but they were across entities and the option was core to the position (ie there was a specific oppportunity)

well in my case it was going to be structured by an insurance professional and the put was really an insurance policy on an act of terrorism.

Like the most common way to do this is to buy a DOTM put in a high tax entity at an inflated price that you sell to a low tax entity. The low tax entity buys another put to protect itself. And the low tax entity generate excess profits. this is super common and I almost did it bust decided...

im assuming he does know what he’s doing. But someone in the industry pitching ditm strangles is definitely not normal

but he can’t guarantee losses in one account which is how the tax arb works. and it’s not like spx or any of the super liquid stuff he’s looking at has any tax inefficiency priced into it

i think he’s trying to do Karen burton accounting: Mark the premium as a loss.

i don’t know how trading a liquid option will do that. Ideally you would trade an illiquid option where one entity is another entities counterparty at unfavorable pricing. With liquid options you will have different counterparties at fair pricing.

Except your hodl will return worse than the USD you guys are trying to replace.

neutral view = use ATM or ATM forward. dates based on your view of the term structure of vol. The calendar is a view on forward vol. You take a view that the vol up to the first maturity will be different that then market's view from the first to the second maturity. In the long calendar: you...

how you maintain your three residences? Your two in ______ and the one in his head.

I will look into this.

I started eating a pear, strawberries (4oz) and a banana. I eat One to two slices/day of a proper whole grain bread. before that I was getting ready only about 10-15grams. Now I’m at like 25. Still struggling to get to 38. I ate some dal (Indian version of black bean soup). It was amazing...

I’m finding it hard. I started eating a lot more fruits but still have to supplement. I was listening to recent podcast (huberman) and they said the only thing that’s not controversial in nutrition science is fiber. I only started about two weeks ago so maybe it will get easier. Fortunately...