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  1. M

    Repository of Option Theory Papers

    It turns out you can just highlight everything, right-click and click Copy To and it'll download everything into the specified folder. Thanks for posting these.
  2. M

    Dividend Capturing

    Wade Cook... But he's bankrupt.
  3. M

    jobless claims not dropping much

    Aren't they always? http://money.cnn.com/2009/06/11/news/economy/initial_jobless_claims/index.htm
  4. M

    Jokes 2

    Over 800 pages - time for Jokes 3?
  5. M

    GM 1 Strike Puts

    Because the reaction of the stock increasing doesn't make sense. I realize people are covering shorts but still. It's also not clear if and when GM shares will halt trading and what happens to the puts if it does.
  6. M

    GM 1 Strike Puts

    Well, it's still trading... Selling my puts and getting out.
  7. M

    GM 1 Strike Puts

    It's official. This will be an interesting learning experience for my puts... "But it is likely that GM's stock will not be publicly traded for at least 6 to 18 months. Current GM stockholders will see their holdings in the company completely wiped out by the bankruptcy filing. "...
  8. M

    GM 1 Strike Puts

    "In a Chapter 11 bankruptcy reorganization, the shares would become virtually worthless. " http://news.yahoo.com/s/ap/20090531/ap_on_bi_ge/us_automakers
  9. M

    GM 1 Strike Puts

    An explanation of the 2% - it's for bondholders. The article suggests that the bondholders and not the shareholders are the "Old GM". That's consistent with the terminology of the SEC filing as well. I.e. there don't seem to be any plans at all to transfer old GM shares into new ones - i.e...
  10. M

    GM 1 Strike Puts

    "UAW President Ron Gettelfinger, who also said he would like to sell the union's stake in GM as soon as possible to have money available in the trust fund, downplayed expectations about the company's value going forward. Although he said Friday that the union believes "the stock should be...
  11. M

    GM 1 Strike Puts

    http://www.bloomberg.com/apps/news?pid=20601087&refer=top_news&sid=a26dHH0N6LvY The article doesn't say anything about current shareholders getting anything... So if there are no shares to sell I wonder if my puts disappear...
  12. M

    GM 1 Strike Puts

    Good luck. I hope there's a way we can both win :)
  13. M

    GM 1 Strike Puts

    http://finance.yahoo.com/news/UAW-trust-to-get-up-to-20-apf-15351885.html?sec=topStories&pos=main&asset=&ccode= "But the UAW trust is getting far less in stock than GM said it would get previously. The company disclosed in regulatory filings that it was negotiating to give the government half...
  14. M

    GM 1 Strike Puts

    Ditto :)
  15. M

    GM 1 Strike Puts

    The strong power of denial is EXACTLY why I bought the puts. The company in my opinion is definitely going bankrupt. When it does it'll also be kicked out of all the indices to add insult to injury. We'll see who's right soon enough but there is nothing to suggest it's going to be able to...
  16. M

    GM 1 Strike Puts

    When it goes bankrupt, it's bankrupt. There will be no more premium for those holding out thinking it won't. So it will either go down or it won't in the next few days.
  17. M

    GM 1 Strike Puts

    In all the proposed plans the general shareholder value is planned on being at most a few pennies. There are direct statements from the company to this effect. The bondholders have absolutely no incentive to prevent bankruptcy for 2 reasons. First because they have a better chance with a...
  18. M

    GM 1 Strike Puts

    This is why: http://finance.yahoo.com/news/GM-bondholders-nix-tender-rb-15347225.html?.v=9?sec=topStories&pos=main&asset=&ccode= Even in their restructuring plan they inted to make the stock worth 1 penny. Figured a 100% loss vs 100% gain isn't a bad deal for a small "for fun" position.
  19. M

    GM 1 Strike Puts

    You must have sold me some, I just bought a few :)
  20. M

    Excel worksheet needed for coin toss

    http://www.bj21.com/bj_reference/pages/10537.html
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