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I trade them for carry. So I treat them as straddles with some wing protection. The vol component sometimes becomes relevant but it’s always very much a secondary factor. other people might trade them differently.

they refuse to print more money to pay the debt. i never said it was a likely event and i never disputed that BTC can lose 90% of its value easily. But its the way most of those numbers can lose 90% overnight. Another way to make most of those numbers to drop 90% overnight would be if the US...

If the US defaults on the 28trilliom of debt, most of those other rows will fall 90percent overnight.

Perhaps. But you would have to trade some serious size to make that a driving force of your Pnl I would think.

no assumptions and nothing to do with the Gordon growth model. It has to do with no arbitrage. But you know this because you know that covered calls always underperform the index with dividends reinvested.

no. You said covered calls, any variation of it, under perform. That means they are strictly inferior.

the leaps price the present value of the dividends

fair point.

I don't get why you don't like the structure. He's giving up some edge on his short call with his long downside call but in exchange for that he's long some gap protection. It's not strictly superior to a covered call, but its not strictly inferior either.

are you this stupid in real life or do you just play the dolt on the internet?

vol of vol means the how much the implied volatlity is changing. The skew/smile attempts to price for this. What matters if what you think the vol of your three legs will be at different spot price points and how much vega you will have. A wide fly in a meme stock might do ok on a gap to the...

define “ridiculous”

I can say for sure that there are. But believe what you want. You are the one looking for the handout.

Define “define”

for that price you can buy a Bloomberg terminal and all the market data. Do that and don’t use your brokers for data.

how high do you think it can go? By when? How low do you think it can go? By when? How likely do you think either case will happen? you are asking someone else to answer these questions for you when that is your job.

as you said everything is 80/20 including the advice you receive on this board. No one is here to serve you. There is no obligation to hand you free trades nor share their options trading experiences. I wouldn’t complain. It’s clear that there are people who have made millions (and some who...

You pay them to understand the nuance of tax code and how that nuance applies to you. You also pay them to ensure your tax filing looks similar to everyone else’s in a similar financial situation to reduce the risk of an audit. An accountant who doesn’t understand what the rules are will cost...

you find out that they shorted after the selloff because the chart was screaming that the market was an obvious sell.

how would you know the article was stupid if you didn’t read it? you openly admitting your ignorance on a topic? Typical conservative. Go drink your horse dewormer.