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Closed all positions for ~$100/contract group loss, and opened the same position with all strikes bumped up $10 with the short straddle at $410 now...p/l about the same...

Good news, yet very anti-climactic! :cool:

You don't want to be short and wrong with options!:eek: You don't need to go for the home run, just go for doubles and singles 75% of the time. Instead of striking out, walk or hit the sacrifice fly! :D

I wrote a straddle on goog this past Tuesday for 6jan400 and hedged outside: short: 6jan400 call @ 2000/contract 6jan400 put @ 2440/contract credit: 4440 long: 6jan350 put @ 600/contract 6jan450 call @ 670/contract debit: 1270 Net: $3070/straddle w/hedge If I don't...

It would definately be a reorganization, they would come back with a vengence too! Lookout competitors!

If you are thinking you can arbitrage the dividends on common stocks...you can't. Does that answer your question?

Secured debts would be mortgages for ppe usually. That's why the reporters aren't talking about the $285 balance sheet debt, because most of it is secured and not at risk to bond holders. Senior debts are debts that HAVE to be paid before other subordinated classes, like preferred and...

All I know is that they are senior...

He is looking at book value...

I have read that article and looked around because I was curious about how empirica has performed...didn't find anything. My interpretation of Empirica is that institutions find it more of an insurance pool than an actual hedge fund. As much as Vic blew up, I don't think Taleb is making money...

Keep it simple, write a contract beyond your target: bear put spread, bull call spread.

In Vic's corner you have a statistician with a bull personality. From my reading of Niederhoffer's writings it is very evident that he sees no evidence of reliable recurrence of black-swans. Vic does a lot of writing premium on indexes, specifically puts because he doesn't think the market is...

What are specific cases where you have seen a stock rise right after a bk filing?

Well eq's investment horizon for buyday friday is just that, buy friday...sell friday

In a bk, the secured creditors will be compensated minimally (compared with investment)...common share holders are the last in line to get anything.

What is boring today? The fact that we opened 100 points up and tailed-off since then? If you bought after the open you lost.

FRANKFURT (Dow Jones)--Below is a transcript of European Central Bank President Jean-Claude Trichet's remarks on interest rates provided by the ECB: "After two and a half years of maintaining interest rates at a level historically exceptionally low, I would consider that the governing...

Right now GM stock is operating in an "inverse bubble." ( i know there is no such thing in reality...) It is very sesitive to news. The price of the stock has no direct relation to anything concrete right now. In other words, it could do anything.

I bought at 11.84...small position so I let it ride. I am down about 18% right now. :(

wagoner: keep working my minions, you can't stop yet!:D :D :D The institutions should know better than to buy like they did today on non-public information! That letter was not released to the press because it was not intended for them!