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"FYi - I have been trading options for >40 years." Meh, I've been trading them since before I was born. Was up 17 million and paid for my own bris. Flew the mohel in on a private jet from Jerusalem, and had a knife custom made out of sharpened pink diamonds. Then to alleviate the pain I had...

I never would have thought that the greatest option trader I would ever meet is on ET. Someone with more money then they know what to do with, who keeps an account funded with only $25,000, and trading a single issue, hit's home runs so big that they land in a different ballpark. I'm...

"Why do you think your uni years were wasted?" They weren't. Those were the most memorable and best years of my life. @imjohn said it perfectly... "Time is on your side. Of course, focus on your studies. But just as important, make as many genuine friends and connections as you can. Enjoy your...

"...the butterfly rabbit hole. There is a ton of dimensionality and I always find that one thing always leads to another." Exactly!!! I told you post one, what you want out of options you are unlikely to obtain. You have the capacity to walk away with so much more. Life is optionality. Shit...

"You have A LOT to learn from this field. It will teach you to think on your feet." So would martial arts, and that would teach you discipline as well. So, when @imjohn wrote "I had degrees in economics and accounting...But I don't think what I learned in university, or what I did in my prior...

I meant more along the lines of looking at the 59-60-61, then the 60-61-62, then the 61-62-63, then fly the differences of those. Maybe in a few weeks... You have your hands full, but are doing well. I just really took to your comment about the benefits of understanding this in everyday...

@Jfranco_2003 The CFA provides a solid background in Finance and Accounting, both are useful. Econ is garbage espoused by a bunch of non-practitioner pundits. No one with a PhD in Econ will tell you that, but holy shit is it garbage. Theoretical Rube Goldberg nonsense that for some reason went...

"I really want to figure out flys" Highly advisable, but not as a strategy (that's simple). Look at how the flys move away from the ATM and then calculate the flys of the flys (differences of differences). Graph 'em and look at the smoothness. Then for fun, do the same thing with the term...

Wow, I am morbidly fascinated by this thread. Howard, good luck.

"both professors at the University of California, Berkeley," Economists, and from Berkeley. Two reasons to file something in the garbage.

It would be interesting to cross those two populations. I got flamed my first day here for commenting that sociopathic tendencies provide an "edge" to a trader. It was intended to be humorous, but not really.

"I say that because in most prop firms, their intern programs are 75% hands-on." Just curious, what do you mean by hands-on? As for the video, I'd put it at the level of a Junior High School Social Studies Report.

"i have been working on a system to trade calls and puts directionally in place of positions in shares." -Not a good idea.

None. Most are written by individuals who have near zero participation in the marketplace. As for fundamentals, heck, even when I had better knowledge of my market than anyone else, next week was always a complete mystery.

Your question is a bit confusing, but I think you have already been answered by @jamesbp. The dividend is already priced in. Most people see a serial term in options and think it is the same underlying price as the stock being traded. It is not. The underlying price for each serial month has...

Correlation is possibly the most dangerous word in trading. Combine it with volatility and you can really get yourself into some significant unforeseen trouble. I never trusted those things. I quantified them, and managed them meticulously as risk.

I read the text for the CFA exam when I was in college - still have the book. Never took it, and I don't see why it would be a pre-requisite, or, for that matter, how it could be helpful. Good stuff to know - yes, but to trade? The same is true for an MBA.

Or teach people math, and that presenting the standard deviation of something without presenting the mean is f'n worthless and moronic.

https://www.metropoles.com/brasil/vazamento-ao-btg-gerou-propinas-a-lula-e-dilma-alega-palocci This one is even funnier. A bond fund yielding 400%, with one investor (possibly the ex-president). Trading off inside information received from the Finance Minister and Head of Central Bank. I'd...

So you're telling the guy who won Powerball a few times that you can't help him. I guess you missed the point as well.