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Spot on. Thanks - that's good reinforcement for exactly how I'm looking at it. A very smart guy who is helping me out told me that I should look at it as if I already own it and am just trying to improve the basis; that's a really good perspective, and lets me build a good plan for what to do...

Hi, @ffs1001 - sure, that's what I just added. But you also have to keep in mind the overall trade structure: I started with a naked put (which went against me at jet speed), and I'm trying to handle the damage. One way to do that is by converting it to a strangle or a straddle... but I only...

The breakup of WaMu ought to provide some (rather obvious, in hindsight) clues: "If you are an equity shareholder, your shares are in Washington Mutual, Inc., the holding company for Washington Mutual Bank, and not the Bank. Washington Mutual, Inc., and the interests of equity, debt holders or...

So @maxinger - since you're no longer a newbie investor, did you short PCG as much as you possibly can? Seems like selling it at $12 and waiting for it to go down to zero would be a MUCH more massive increase in profits! :)

Perhaps you've missed the fact that "trading" doesn't just mean "speculation". Understandably, since it's only used that way on this forum... but it also means buying and selling in the more conventional sense. Germans - like anyone, except perhaps North Koreans - can use crypto currencies to...

I've heard about it; never seen it. Thanks for the reminder, though - I'll add it to my media list (which has been growing like crazy over the past year.) Let me offer you my own recommendation in return, though. Despite having done some racing in the past, I'm far more of this type of sailor...

Amen, brother. That may be why trading has grabbed me as hard as it has; I'm willing to go through hell and high water to get competent with it. I know there are storms ahead... all I can do is learn as much as I can ahead of time, and then give it all I've got when one comes. And whenever I...

$129.01 ROKU 191018C135 $6.50 $129.01 ROKU 191018C195 -$0.12 Sold a call on ROKU (plus a cheap wing; can't sell naked calls yet) for a synthetic strangle $207.71 STZ 191004P192.5 -$1.70 $30.00 Closing at 15% $80.73 TMUS 190927P79 -$0.38 $16.00 Seem to have caught the very tippy-top on it...

OK... first thing on this kind of hedging I've heard that made solid sense. Woohoo! I understand the portfolio insurance aspect of it (mind you, like many other things about options, I haven't yet done it - but the principle is a basic one.) I just was not getting the point of this. Thank you...

That's actually a piece that I've been poking at and trying to understand. If I start with a high-IV underlying and delta-hedge my option (say, a short put) right from the start, then theoretically, theta and vol collapse should just work in my favor - and if I exit the trade before gamma goes...

Ah, King Canute trying to sweep the tide back again... The fact that any one of their citizens can go online and trade crypto now, and that there's nothing they can do to influence that - by design - seems to have passed them by.

The positive side of having that kind of high correlation is that now, hedging your portfolio with VIX (or SPX products) becomes more effective. So, a double benefit for doing the right thing.

138.24 ROKU eq50 $6,912.00 $139.66 ROKU eq50 -$6,983.00 -$71.00 Unsuccessful but somewhat educational hedging experiment. A bit steep for that little chunk of tuition. $80.54 TMUS 190927P79 $0.54 $140.50 TLT 191004P137.5 -$0.80 $20.00 Out of TLT for 20%. Quite a bit less than I "should" have...

Setting aside the usage problems that have been pointed out above, and the fact that you seem to be addressing your question to "Nazi"... ...it's a locality-based thing. I've just spent the summer in southern Colorado, where a house within rifle-shot of yours prompts mutters about "dang...

I've gotta ask: what's with the '%%' at the beginning of your posts? Reminds me of the old UNIX 'fortune' files (used to generate those 'fortune cookies' at login.) [0.02|0.02|0.00] bws@LG:~$ fortune Q: Why don't lawyers go to the beach? A: The cats keep trying to bury them...

The author is certainly right: Adam Neumann, an Israeli, would have no clue that Rosh Hashanah and Yom Kippur is coming.

This one. As I recall, you had a post or two in there as well.

It's an interesting idea (I've never heard of it before; appreciate the knowledge tidbit) - but why would you think it wouldn't be assigned? AIUI, it's an automatic process - at least that's what the CBOE website tells me.

I appreciate that, @Magic - thank you! In fact, thanks to @destriero 's kind help in another thread, I've been deconstructing everything and considering it from those perspectives. Frankly, it's turning my brain inside out... but I obviously need to learn to think that way, and get so used to it...

I agree, very strongly; in fact, I mention that point repeatedly in my journal. However, I'm still at the point of trying to learn the tools themselves before I can use them... just now getting to have some degree of confidence in doing the wheel, and am desperately trying to get past being a...