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As my kids grow up (youngest is 6), i'm noticing the red/blue line diverge.

nice use of the word proper. Absolutely brilliant.

I see. if they are a proper PE firm (not the ones I deal with), it’s probably a better investment than trading - especially if you can avoid the fees.

what do you do in PE? And most importantly can you co-invest in the deals?

marked to market gains and losses are real in that they represent what you could liquidate the portfolio for. This is not the same as a dividend nor the same as income. your marked to market gains today can become marked to market losses tomorrow in the blink of an eye. You've been trading for...

this is the Grammys. It’s all about standing out with avant garde clothing. no one wears that on a normal Tuesday.

you doubled down on the dividend comment with some hogwash about Puerto Rico. Income is cash in the bank. Theta is just an accounting term. It’s part of a calculus formula to explain your pnl from premium to max(s-k,0). I’m glad you are profitable. The difference between you (and me) and those...

speculation isn’t a bad word. It just means your outcome is uncertain. And all traders have uncertain outcomes unless your trade is a pure arbitrage. If it’s speculation it’s not income. I’m not the only one who sees it that way. I just took out a mortgage for new home. The banker didn’t care...

they are absolutely speculative. If you don’t see that then you are missing something in what you are doing. It’s either speculation or arbitrage. And im sure you aren’t doing arbitrage. But that’s not the point. the point is that theta isn’t income. Theta isn’t profit. Receiving premium is not...

hehe... 930-4 is a part-time job in my opinion. :)

i'm not saying that receiving theta is a bad trade. It's speculative just like picking direction on a stock. And theta by itself is just an accounting system to accrue options premium. It can be lost as easily as it can be gained. If you earn theta today, you might lose it tomorrow if the stock...

no. It’s not a religion. Religions are beliefs that are unsubstantiated by facts and models. Theta is the rent you receive for being short gamma. That’s how options work. If the underlying moves a lot you lose more gamma than you receive in theta. Theta is not income if it’s compensation for a...

I have my PhD in hedge fund manager from devry.

a capital gains for earning more than i lost on my gamma pnl.

You are pitching this to only Puerto Ricans? Theta is not income.

Why the would anyone consider theta a dividend?

what kind of a 400k car doesn't have a navigation system or a screen that a passenger can see?

Nothing you can do. Like the Apple situation.

do you hear yourself talk?

this strategy worked real well for trump in 2018.