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The idea of betting with profits is counter to the idea of managing risk. There's no such thing as "house's money." It's all your money as you can always cash in your chips.

a Frenchman will call it a “smack down” because they can’t admit that they were part of the reason there was a war in the first place.

who is yaz. edgie prob made a few hundred before he blew up in 2011 I know the other guy. But not sure how much he’s actually making.

it’s been a wild week. Tech names and reopening names swung a lot. I had some names that are 10percent off their highs and now only 3percent off their highs.

How about “i take money from your 401k”

My boss once said “the goal is to be punting but make it look like you aren’t”

i know what your point was. I was just making a statement.

I don’t think there are that many funds making billions trading vol. But more specifically the only guy who might be a billionaire from trading options might be the Susquehanna guy. And even that I doubt.

I don’t think there are any equity vol billionaires in the world.

your decades of options knowledge snd your writing skills boiled down to the same value as a UPS driver.

i thought trumpers weren’t allowed to watch football.

the arb is if you are short the call and someone doesn’t exercise against you. the arb on the put is if you are short the put and you don’t get exercised after the div, But that is generally really small as it’s a financing arb.

It’s worked for Amazon. But it’s worked for a lot of other smaller companies too.

all reinvested into growing, self driving, other business models. the goal is world domination. It’s the Amazon playbook.

Every platform they build or flock to becomes a cess Pool.

Who wants to worry about positions when they are summering in the hamptons?

I did not know that. I remember when the Grasso pay scandal was happening the justification for paying him was that he had made the stock exchange members a lot of money. I know that you had to buy interests in the stock exchange, but i didn't realize that you didn't get a piece of any profits...

he called her a hoe in that documentary.

All us exchanges are for profit companies. The only difference between a publicly traded exchange and and a nonpublicly traded one is that you can buy shares in the publicly traded one for reasonable sums vs buying a seat or a membership interest for millions.

careful now. He had a 4.0 in finance 20 years ago.