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Yes, because for the most part, the bureaucracy and politics is not always logical and/or mathematical. Joe.

I use the same methodology to place my live sportsbook wagers as I do for my options trading. Joe.

Yes, I have been collecting coins since childhood which was many many moons ago. While I collect a wide range of coin types, I have concentrated on silver coins for many years. My thinking always was that even if they weren't particularly rare coins, they would always be worth their weight...

The last part of my options (and gambling) education was to learn how to take a loss. Trying to "salvage" a limited loss can lead to uglier situations. Joe.

My wife. Then I check my account to see if anything needs attention and/or to place trades. Joe.

Quote from u21c3f6: "... Stocks are not zero-sum Ignoring commission and spread, if I buy or sell any random option what is my expected value? It is zero. If I threw darts at the option page and bought and sold options at random (and did not pay commission and bought/sold mid-spread)...

+1 A zero-sum instrument is like porn, I know it when I see it. Unfortunately it appears from this thread that it is very difficult to describe so that everyone is on the same page. Stocks are not zero-sum, options/futures are zero-sum. This thread has a lot of semantics with definitions...

+1 IMHO, one of the reasons that traders and/or investors don't fare well in the market is because they don't understand the math behind the "game" that they are playing. Joe.

Possible merger speculation? Joe.

256 :eek: Joe.

With all due respect, I think you missed the context of my reply. Joe.

What is "conspicuously consume"? It is not a secret that my wife and I take a vacation at least twice a year or have the ability to dine out more often at other than fast food restaurants. That is hard to hide unless you lie and it might not even work then. Unfortunately, conversations with...

I don't follow your calculations. It appears that you are using probabilities for March but are buying and/or selling April options. Please explain further. Joe.

Let's forget that anyone "knows" anything about an option's underlying for a moment and let's look at the "gambling" aspect of options. Assume I throw a dart at an options listing and it hits: ABC Bid: $2.65 Ask: $2.75 Now it doesn't matter what the strike price is, what the term of...

Since this is Sunday morning is the answer: Prayer? Joe.

The above part of your question is where I think a lot of people get into trouble. It doesn't matter if you do not "want" to take a loss, you actually have a loss. TigerBalm has it right IMO though I wouldn't have put it exactly in his words. :eek: Joe.

You are not funding my pension. I am funding it by getting a reduced salary. Each pay period a certain % of my salary is paid to the pension fund as a benefit. Please note that if I had chosen the optional plan I would have received a larger % of my salary deposited to a retirement account...

Now let's try to compare apples to apples for those that are angry with the teacher getting a pension. About 20 years ago I decided to try to get my financial house in order. One of the things I was looking for was a pension. I took a job with the State of Florida because they had a...

It is negative for both sides due to slippage and commissions. Joe.

I had to look up Maybach. :eek: Joe. :)