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This is why I practice strong risk management and protect my principal/trading capital. People just get too greedy and complacent and start to believe they are some super genius who discovered some edge that never fails. Thats a big mistake.

Having a ton of fun flying my Phantom 4. They has a special at 769 bucks so I bought 2 of them (one a spare in case i crash or lose one) Been flying it around my neighborhood, cool to watch my boats,jetskis from the air and flying around recording. Very relaxing and fun once you get the hang...

No they expire Feb 23, 15 days from now. I sold them late in the day. Sold 10 contracts. yeah not much time left in the calls but you never know something comes up and SPY is trading 5 days from now at 280. if so then I close out and take my winnings, otherwise worst case loss 180 bucks. I am...

Another small wager made a 12percent return on investment even though the markets been down 2 days. Bought the june 15 strike price 95 puts for 5 cents a contract and sold then back to close at 8 cents a contract. Made lunch money on the trade. 30 contracts. These tiny trades have been doing...

willing to buy SPY at 230 a share I sold them for 1.46 a contract. I am willing to have stock put to my account at that price. If not, no big deal. Looks like volatility is back and about time. The markets were just going one way and not pricing much risk. I also went long the 275 strike price...

If a Financial advisor told someone to invest in that fund I can see a valid lawsuit since they are supposed to be looking out for thier clients and making sure they are in suitable investments. XIV not being suitable for anyone who has an advisor telling them how to invest their retirement fund.

I think a lot of people bought having no idea exactly what they were buying. I read reports of people buying the day before the whole thing went to 6-7 a share thinking it was a good buy on the dip.

But they warn about doing this yet people held this like it was a regular ETF. I would throw out such a lawsuit people chose to gamble on risky products and lost.

Says it right there. "Daily basis" and "and may not suitable for investors who plan to hold longer than one day" The ETNs, and in particular the 2x Long ETNs, are intended to be trading tools for sophisticated investors to manage daily trading risks. They are designed to achieve their stated...

It says on the Prospectus not to hold XIV overnight. So anyone who did and lost money its thier own fault for ignoring the big warning in bold. Sounds like a frivolous lawsuit to me, this is why things cost so much in this country.

Options prices were so distorted the last few days. I took a few small wagers and bought 283.5 calls that were 6 cents and then as the markets went down they calls actually were worth more so I sold them. Then it went up to to the 80 cents range! Distortions in pricing. even options with 1 day...

hey is it worth buying 100 shares as a wager on XIV. 632 bucks its like buying an option at this point. worst case you lose your 632 dollars. I dont trade ETNs or any of these funky type funds. Whats the Cash payment expected? per ETN share. Found this info. I guess the closing price Feb 20 is...

That sounds risky and it does not seem like its optionable so you cant short it using a limited risk trade. Wow that thing is down to under 8 bucks! Just found this article Holy shit! This is why I trade my own capital. you never know what risk management/controls are in place. UPDATE: XIV...

You must not be a fun person to be around. you seem to take things way to seriously. Life is to short to be this dry and humorless.

My wife thinks its pretend money and she does not understand why people are using real money to buy pretend money you cant use to buy groceries or pay bills etc..

No its idiotic if you have 10 million dollars sitting in some investment that cost you zero but could net you zero and you dont want to actually cash it in and actually have usable money. pay your parents mortgage off? buy your own place etc.. It makes no sense to be sitting on paper assets that...

How is it a good medium of payment? Imagine if the dealer sold you a car for bitcoin at the peak (you bought a 40K car) and paid him 2 bitcoins. now he sold you a 40K card for 16K as of today. That would sound like hyperinflation because that bitcoin in his pocket is worth a fraction of what it...

Somehow overnight (who knows how long its been out there) this boat hull washed ashore and ended up stuck. Technically can I keep it? ie: salvage rights. how does this work if there was a boat at sea that has no occupants and ends up washing ashore, can you claim salvage rights? I can fix it...

Oh shit you guys are right, for some reason I was thinking cash secured puts :) not short stock short puts. (I never do those) I had the terminology wrong. Since I only live strangles/straddles/short calls puts/iron condors :) everything else is out of my lane. I hear covered puts I am...

how is it confused? A covered put(correction cash secured puts) covered puts are totally different Sorry (covered put = short stock short put) Lets say SPY is trading at 180 so you have 180K cash to cover assignment, you sell 1 short put at the strike price of 180 and collect 4 dollars of...