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  1. BMK

    Gangster’ Sam Bankman-Fried pictured in jail, poses alongside Bloods members who call him ‘weird as

    I can't speak to how things work in a federal detention center. But I have visited an inmate in a state prison in Ohio. Photos are permitted during the visit. But this type of photo would not be allowed. Everything is tightly controlled. This is probably waaaay more than you wanted to know LOL...
  2. BMK

    BDC Buzz

    Anyone subscribe to this service? They have their own website with direct subscriptions, and they also have a subscription service within Seeking Alpha. The service focuses exclusively on business development companies, and appears to be mostly about long-term buy and hold. (BDCs are...
  3. BMK

    The cocoa market is seriously fouled up

    From Javier Blas at Bloomberg: "The Meltdown in Chocolate Is Coming" http://tinyurl.com/240219BlasJ A Bloomberg subscription is not required. This is a gift article. The link expires in seven days.
  4. BMK

    There is actually a Nancy Pelosi ETF, NANC

    @ajacobson posted about this a couple months ago https://www.elitetrader.com/et/threads/an-etf-that-tracks-congress-stock-picks-is-beating-the-market-it-shows-the-wisdom-of-crowds.377534/#post-5905762
  5. BMK

    There’s a Tax Season Villain, and It’s Not the I.R.S.

    https://www.forbes.com/sites/kellyphillipserb/article/checks-are-on-the-way-in-141-million-turbotax-settlement/
  6. BMK

    There’s a Tax Season Villain, and It’s Not the I.R.S.

    Intuit recently agreed to settle a DOJ investigation into their manipulative behavior. Give me a minute and I'll find the press release, or a real news source...
  7. BMK

    Sell Puts and after hours

    In most cases you can exercise after the close. Each broker has a cutoff time in their terms and conditions.
  8. BMK

    Sell Puts and after hours

    Okay, well, whatever I don't think you have provided enough information about what you experienced to get a real answer or explanation. But I can tell you this: If you sell a put option, the decision about whether the option will be exercised rests entirely with the party who bought the option...
  9. BMK

    Is there a borrowing mechanism in BTC?

    I think SBF figured out how to do this... You could ask him. Actually, I guess you can't ask him. He's in prison LMAO Well, maybe you can. Most federal prisoners have access to a closed and monitored e-mail system. Prison staff can read the e-mail. I wonder if it would raise any red flags if...
  10. BMK

    NY Community Bancorp Flashes a $560 Billion Real Estate Warning for Banks

    Ummm... NYCB acquired Signature Bank. I got the following text in an e-mail today from the ISI Newsletter. It's a very good advisory service for income investors. New York Community Bancorp, Inc. (NYCB) announced on January 31, 2024 a surprise 4Q 2023 net loss of $260.0 million or...
  11. BMK

    Sell Puts and after hours

    I know what the word sell means, and I know what a put option is. But using the expression "sell put" as a noun phrase, i.e., as a thing that you trade is not how option traders talk in the USA, and it is not how people in other countries talk about the US options markets when they are speaking...
  12. BMK

    Sell Puts and after hours

    Were you long or short the puts? Sell puts is not standard terminology in US options markets.
  13. BMK

    SPY Options Position Size

    I have attached a third example of a credit spread that does involve a risk of assignment--even potentially early assigment, because SPY options are American style. But the strikes are far enough away, and expiration is far enough away, that somehow Schwab will allow the order. There is no error...
  14. BMK

    SPY Options Position Size

    Schwab would have allowed me to place that order, in that particular example. You are correct that in some cases, the broker's risk management algorithm will stop an order if there is a high risk of assignment. I've attached a screenshot of a credit spread that was rejected. In this example...
  15. BMK

    SPY Options Position Size

    Yes. I could have placed that order in our retail Schwab account. And we do not have seven figures, and we do not have portfolio margin. We don't even have $60K in cash. If I had placed the order, it would have been paid for with a margin loan secured by stock and ETFs.
  16. BMK

    SPY Options Position Size

    Everyone is thinking about the dollar value of the underlying shares--including me. And I did start to wonder, y'know, is this guy serious, why would someone with that kind of capital post this question in this forum, i.e., wouldn't they have access to better resources? And it doesn't help that...
  17. BMK

    sec filing so confusing please help

    That company is somebody's crypto fantasy. According to their website, their principal business activity involves the production of content for something called short drama. The website says this: As the leading stock in short drama, MPU is dedicated to becoming a global streaming platform...
  18. BMK

    Down to about $90k, where would you park it if your trading skills were trash?

    SPY, QQQ, IWM and DIA all have high volume and liquidity in options--even in expirations that are 12 to 18 months out. This makes it possible to hold the ETFs and hedge with a collar.
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