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america and London have the strongest capital markets. You want to raise capital at the highest multiples you have to play nice with the world. You want to be part of the global economy, don’t be an asshole (at least towards a country with white people).

he basically said that you can carry back 1256 3 years. you can’t carry back losses on securities even if you elect mark to market or trader election (they are different things)

i am mistaken. You can carry back 1256 three years. You cannot carry back losses in securities. I will forward you what my accountant said privately.

you can’t and that’s why those assets are so volatile.

I was told you could only go back three years. How did you go back to 2014?

it shows Russian aggression. The country will be out of a significant amount of power for a long time. This war will be a proper war.

Future losses are automatic at the federal level. I have carried back 1256 losses. But the loophole is now closed as part of the Trump tax plan.

clearly someone who “trades”

a crowded trade doesn’t mean it’s the wrong trade.

so, now in NFLX you have created a vol view (either to support your current position or before you initiated your current position). Does the current trade best reflect your vol view? btw - I agree with your vol view and I am positioned for it. But I will probably earn more per share than you...

what you are doing is even less sensical. You are getting virtually no premium but giving up the upside that these stocks rally 10% in a month and a half. The SPX could easily do that in the next 2 weeks. You still have all the downside risk. Might as well just be long the shares. Why would you...

Why would you buy any stock you don't have a strong conviction in? Not trading is an option. Further, you can synthetically create a short put. Instead of selling 1 listed put, you can buy 50 shares. you will have the same stock exposure at the current level but if the stock rallies you will...

that’s delta hedging and you are taking a vol view before and after your adjustments.

thats how you lower inflation, by reducing demand

@TheDawn Smalfil is a moron. You both are too smart to waste your time figuring out what he's doing in his fictitious Walter Mitty portfolio. Your time is better served butting him on block or ignore.

that’s the point of the book. hubris.

yeah. Ltcm blew up because they were overlevered. We all know that. all else being equal, a smart person will be better adept at earning and managing risk than a dumb person. That’s why Goldman Sachs hires the smartest people in the world. The point of the book is: intelligence vs greed and...

how does a dumb person practice risk management the same as a smart person?

read when genius failed. It’s a fascinating story. the didnt blow up because of options. They blew up on three things: Bond spreads blew out They were the largest short in spx variance. They understood all the Greeks but one: hubris. (To quote an ex-colleague of Taos)

why would you want to be long a stock that you expect to rally less than the premium of the put. if you have the view that the stock won’t rally much, you shouldn’t want to own it. But now you a view on volatility (to my earlier post) and selling a straddle might be a good trade.