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Compared to an operating business (pretend it’s a subway franchise as most of the people on here can scrape enough money to own one) subway franchise: Will cost 100k + 300k financing. The SBA will give you favorable loans for this. You get good financial leverage. Every sandwich you sell will...

So 3000 people die in 9/11 and “that changed everything.” 400,000 died from Covid and still counting and that’s just like accidents. Before it’s done, Covid will have killed more Americans than cancer during the same time period and almost as many as heart disease.

if you are looking to find solutions: the politics forum on elitetrader is only slightly more productive than screaming into a cave.

However, I don’t believe what he’s doing is capable of earning 35percent/year consistently

I think @Sig and @destriero are being a little harsh. I don’t see anything wrong in selling puts unlevered (if that’s what he’s doing). The drawdown risk is huge and he’s giving up his upside. There are other ways to measure risk aside from sharpe, sortino, etc.

how much equity are these trades against?

How is that unlevered if you have a 44k account and 70k of notional at risk just today

We will have spent 30percent of our gdp for a 12 month partial shut down of our economy. I think you are seeing that outside of hospitality and travel/aerospace, everyone is making money and those that aren’t are suffering from a disruptive change in behavior (like apartment owners in big cities).

There are rules about out of the money vs in the money. And puts vs calls. if I recall, out of the money are not considered substantially similar; but in the money are. Best to talk with an experienced accountant. As a lot of the wash sale rules I think are determined by court precedence...

I did have my CFA certification. If I wanted to prove it to you, it wouldn’t take me 2 weeks to do so, unlike your Larry tabb quote.

hedgefunders do it all the time. Two examples: ackman with Herbalife. Jim Rogers with commodities.

the game in the politics forum is to make the other guy do more work than you. I learned that from “The Art of the Deal.”

I eagerly await @Butterfly to post his options trade based on put call parity; though his CFA might prevent him from doing so. If the association found out, they might disappear him.

“While I will not rent my house to a member protected class, their right to rent is in no way being suppressed because there are millions other places they could rent.”

These are preferreds which means they are really very junior debt instruments that often have equity like features. they are tradable for retail. It’s dumb that you can’t figure out how to trade them at IB.

Oh. I thought the 100percent return was compounded to $150k. he could be an exceptional day trader. There are day traders who put up 200-300k consistently with non-scalable strategies. I didn’t know such a guy but my friend did. The guy was leasing a desk at the hedge fund he was working at. He...

selling options wouldn’t present that type of curve. but given his size (he started at like 2k) he probably found some incredible capacity constrained arb and pounded it. He’s probably going to see lower returns in the future.

The stock is 14.75

racism is less prevalent because laws made it less prevalent. You think slavery would go away and African America’s would be able to vote without laws and constitutional amendments pushing it? You brought up that you wouldn’t rent to a protected class only because they were a protected class. I...

Because those states are nanny states who want to destroy all your freedoms - in this case preventing you from firing whoever you want. kathy griffin was protected by the comedy exception. btw - while she is an actual comedian (though not a funny one), Tucker Carlson has used the same...