Search results

I actually owned some May 52 1/2 calls, I sold em at 3ish shortly after the energy report this Wednesday. I was expecting a 4 - 5 million barrel drawdown in gasoline. We only had a 3 million barrel drawdown, partly due to the 4% increase in refinery utilization. The 4% increase in...

No, this isn't a joke. For the time and effort I'm going to spend interviewing, not to mention the days off I need to take to do so, I'm not going to walk in looking like shit. I want a suit that looks sharp, and fits well. I currently do NOT wear a suit to work, and I've lost a lot of...

I sold 30 contracts Jan 2010 2.5 Put @ 2.20 and 10 contracts Jan 2009 2.5 Put @ 2.15. Basically, as long as TMA stays above 30 - 35 cents, I profit. The only reason the puts are so ridiculously overpriced is because the cost to borrow shares to short is built into puts. I estimate that...

What's a good place to get a suit/shirt/tie/shoes/etc.. in Manhattan? I may be interviewing for jobs soon, and want to look my best of course. I don't want to spend more then like 2-3K.

Actually, the US gets a lot of diesel from Europe. European refineries produce more diesel then US refineries per barrel of crude (and less gas as a result)

Same reason why gasoline can go under the price of crude.

You own the pretzel stand franchise and can sell that too (probably not for as much as you paid for it, since the reason you'd be selling it is cuz it's doing poorly) Which is a reason I recommended the OP structure his loan as a bond. If his brother defaults on it (by failing to make an...

Also, you said your brother makes 50K / year. That's assuming 40 hours / week, and a job in an office environment, right? That's not SO BAD. What does he do anyway? Not many 50K / year jobs are totally dead end. If he buys some crappy pretzel business, he's going to be working 100 hours...

And btw, just because it's your brother, doesn't mean you should be taking on shitty risk to reward. Sure, you might be more willing to help him out, but you need an adequate return for the risk you're taking on.

To the OP: In terms of your agreement w/ your brother, you're NOT Getting a good deal at all. First, let's say for this kind of risky investment, you'd need at least a 10% / year return on your bond (which is very low btw, look at where LBO bonds are trading now). Let's just say it...

Go do the research for yourself, there are ~2.9% conversion opportunities available. You can get it with spiders, or GE, w/ the assumption that you get filled at slightly worse than mid-point on all 3 legs (which is a reasonable assumption when you place the order as a single multi-leg order)

There's actually quite a few differences between a covered call and a naked put, although, short term none of them are really substantial. Long term the risks can get large. Let me outline the differences (I'll keep it short, I could probably spend an hour going in depth with details on the...

If you actually had to PAY to keep deposits at a bank, why wouldn't you just keep cash in a safe deposit box?

Yeah, ok, anybody who has the capability to run a frontrunning scheme isn't going to come to ET and make some crappy post about it. Like anyone's gonna quit their day job and hope this guy comes through for em.

Yeah, except you're getting some return, unlike the .1% annualized you'll get off 4 week t-bills. Next thing you know they're going to start trading for over 100.

The discount window is 2.5% now. I can (in my personal account mind you) generate ~ 2.9% risk free, on assets that "mature" in around a month (so same duration as treasury bills). Only risk is counterparty risk, which you're going to be taking no matter what investment you take. Now, if...

I'm not a trader. (Although I will be pursuing a trading position in my next job)

Relative Value & Macro. Relative Value is off ~ 1/3, and our biggest funds. Macro is off like 15%, but those funds are a very small part of our business.

My hedge fund has lost about a third of NAV.. I don't know if the investors were told yet. It sucks, big time, especially since the job market is contracting right now.. I don't know the management's plans yet, whether they're in the process of liquidating or what not. All I know is we're...

Well, I looked it up on a bloomberg terminal for the info and prospectus.