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same with a 50percent crash. the short leg will have so much time value and with sell offs that big, volatility moves become so big that the third order vol effects actually matter.

in a 40perxent crash the spread won’t be worth 96. It will be worth like 40 or even less.

thankfully from 2016-2020 we had fiscal responsibility and a shrinking deficit!

Using some new math that Black Scholes didn’t think of, I can avoid assignment especially for options that are deep in the money.

E and I?

what’s wrong with curiousity?

they banned short selling because a bear raid on the stock could cause a run on the bank and force a bank failure that may not be warranted.

the securities market is designed to help companies raise capital to make investments and grow. Everything else is tolerated only because it makes it easier for companies to raise capital to make investments and grow. Short selling is allowed because it creates a more complete market which...

I think the citadel investment into Melvin was an opportunity to get in with a fantastic stock investor who was weak and they could negotiate a good deal.

yeah. There is talk the firm is getting out of investment banking to divert all resources to the FairPut

goldman started quoting them this year. There was a well known poster here who worked there and has since disappeared. I think he stole the idea from thecoder.

I think the settlement issue was a real risk. GME was moving hundreds of dollars a second on millions of shares by retail investors trading on margin. The credit risk to the brokers must have been massive even if 1/2 their customers were long and 1/2 their customers were short.

ticker has changed to MLKN. how were you not aware of this if you have a position.

Yet, you are the one talking about Centurion Cards….

How much of a day traders returns are based on leverage? How much is based on different accounting? You lost 100percent of your account. That wasn’t really 100percent then if you had money on the sidelines. if you took 100percent of your liquid assets (what a typical investor would employ)...

So research has shown that cashflow is a poor proxy for earnings because cashflow is very volatile (especially free cashflow).

If the Democrats are smart they will use the next three years building the perfect candidate and platform while the republicans deal with trump and all his little cronies who have infected the party. but it’s unlikely the democrats will do that.

Mike Flynn (one of trumps most trusted advisors) is calling for one religion in America. conservatives (especially all those who claim to love the constitution) are thrilled I’m sure.

I think the platinum is worth it. upgrades and late checkout at fine hotels. access to various lounges at many airports. i qualify for an Amex centurion (at least according to the unofficial criteria) but they still haven’t invited me.

my point is that Biden is still more highly regarded than trump. The change doesn’t matter. It changes with the wind. For Biden it can get worse or better.