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I am a terrible stock picker and I have found that I earn more being long stocks than selling puts as a proxy for delta.

Too much work.

race is a tricky problem. I grew up in the Midwest, south, and northeast. I went to an Ivy League where non-whites were a plurality. I worked a at an investment bank where there were more Indians than whites on the desk. The highest paid person was an African American. Now I’m a minority in a...

he should write a differential eq to model the gradient change of gamma to theta as strikes change and then seek to to find the local maxima. :)

When you argue with pigs you only get dirty.

I would trade the option that maximizes my gain based on my view. That would be the trade off of delta (pnl earlier in the stock movement) vs convexity in I would trade the stock. otherwise it’s too general of a question. For 1 month options it won’t matter much though bud offer will be...

but it’s disingenuous education and it will cost people money. Fortunately there are disclaimers to protect them. Tasty trade is like one of those guys on the Las Vegas strip passing out stop club passes. They are bringing more minnows into the feeding tank.

Then tsx is probably the best benchmark. I can assure you he’s not stuck in his own analysis.

tsx perhaps? Are you also going short? If so then a basket of long/short hedge funds normalized for leverage. @longandshort would be the best at making suggestions. He spends a lot of time understanding the true value of alpha.

It matters because a lot of your outperformance will come from the index doing whatever. An extreme example: a portfolio of cash being compared to the spy makes no sense. It will outperform the market on a sell off and underperform on a rally.

aren’t you a day trader? Your benchmark should be some risk free rate or absolute return.

And to expound on @taowave post, he is an SPX Options Trader and you are just a Muppet.

i thought it was like 30k back in the mid nineties, like any other private school.

I got into Rice to study CS (but I would have been a year or two behind you). The signs pointed me in another direction however.

If you ever get to see the wild chimps in Uganda, you will see our natural selves. It’s pretty fascinating.

If you can’t do that yourself you definitely need an accountant. Your rates won’t change much because of an accountant; they ensure your taxes are filed properly so that you don’t screw it up and pay more.

that was my quote.

and if you feel like you’re in control, you’re not going fast enough.

Wives can be great. My wife told me to quadruple that tesla position after it moved 15 vegas against me.

And that celebrities (especially black ones) should stay out of politics ... unless they support your cause.