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You are combining your options with other holdings which does not change the structure of the options market. You may not have a net loss on your combined holdings but if someone profited off an option you sold, you funded that profit by receiving less than your asset was worth. The options...

If you are allowed to choose which number to show first, then this game is beatable. However, I think this is where the instructions are unclear. I think the intent of the game is to show one of the two numbers randomly which then gives the guesser the advantage even if the numbers are...

IMO yes, based on the instructions as I understand them. I would like someone to explain if they are not in agreement with this. Joe.

I think you are correct. There is no advantage to be gained by the guesser if your numbers are together. The advantage comes from two numbers that are separated so that using a random number generator, anytime the random number is between the two numbers, you will always select the higher...

Yes. I believe there must be some miscommunication of the rules and/or how the game is to be operated. Joe.

This goes back to the selection process I wrote in a previous post. I would choose two numbers that were either both higher or both lower than 50. Then if one of these numbers was selected at random, the chance of guessing correctly whether the other number was higher or lower than the first...

Maybe I am misunderstanding the rules. Here is how I would proceed based on my understanding of the rules. If I can set-up a 50-50 situation, then I should profit due to the unbalanced payments. I would choose two numbers either higher or lower than 50. Then I would randomly select which...

The options market for non-market makers is "zero-sum" and becomes negative due to spread and commissions. How you may combine options with other holdings does not change the fact that for every dollar "won" in the options market there is a dollar "lost" by someone else. Joe.

Correct, except it is not nearly as bad as 20% like the horsetrack but the concept is the same. Whether you are "investing" on horseracing, sporting events or options, you need to find a way to overcome the "take" (spread) that makes random selections a long-term loser. The problem IMO is...

Do you know poster: levniss? Joe. PS. I still have that same bridge for sale in Brooklyn ...

I still have a bridge for sale in Brooklyn ... Joe. :)

That is confidential information. Joe.

I have a bridge for sale in Brooklyn ... Joe.

Will everyone please stop lying! Joe.

+100 This is exactly what I thought when I read the OP's post. Unfortunately you won't really know how it will affect you until you try. You also need to be aware that you may consciously or even unconsciously change how you trade because you are handling OPM. Good luck with whatever you...

So do you qualify? Joe.

Almost makes me want to get a mortgage. I still have CDs that are earning 5.25%! Unfortunately, as rates continue to go down, I won't be able to renew anywhere near that figure. Joe.

You might want to rethink the statement above. It sounds like the many posters on ET that write about trading as a loser's game, usually because they haven't figure out how to make it pay. Joe.

Matchbook.com Joe

I have and continue to wager on all sorts of "sports" including the stock market. Joe.