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I'm betting she had one pot too many, without pot. :D

In a private message someone linked me this thread. 1- How did this thread die. Should not be allowed. 2- How could I not have been here for Walter Bruan stories. The saddest moment of my time here on ET is to learn that I missed that convo. :( The world is a sadder place without him. I've...

Kinda my point. Not many are growing corn, wheat, coffee, or tobacco in their back yard.

Just a random internet photo. But nice to see a true connoisseur... and your name... how more appropriate could that get. :D:D:D:D

Nah, in NG it was selling calls - naked or hedged - you had to sweat over.

ROFLMAO. My wife would fucking kill me. She never smokes. Never has, not even once.

Funny story. Paul had done something stupid on the floor, cotton of I remember correctly, and got in a bit of trouble. As part of his 'agreement' with the exchange he was the guy who had to run my class the first time I ever went up for a membership. Absolute remedial shit, but there was Paul...

One. You are making a generalization about vol to price to options. With most commodity options the exact opposite will take place. Heck, for that matter if base vol is low in equities and the market starts taking off too fast vol can increase. Let me give you an exercise. Buy a 50 Delta...

Yes. I can do anything stoned and notice no negative effects. Would gladly smoke a joint and knock out 100km on my bike or go running. I've been in front of some pretty heavy hitters stoned. Give me some visine and mouthwash, and chance you would pick up on it is between zero and a number less...

Oh. My apologies. It was early when I read that. I thought you meant long term. The reason is you are working off a faulty premise. ' take advantage of skew.' as though skew is some form of mistake. Skew is a modification of the BSM model because it is only capable of capturing price movement...

Two ways of saying the same thing. I was expressing from the micro perspective exactly why you won't see HV of 10% trading IV of 15% for a longer term option. OMM ain't that dumb. Think relative to theta... those two always need to stay together.

I've always felt the opposite. When you can grow this, in a few months. Hard to see it selling for more than a few dollars a bushel. ...and yes, I know. I need to take better care of the rest of my lawn. :D

It might sound odd, but you can think of volatility as a secondary consideration, nothing more than a variable. The essential component is its micro structure - the gamma/theta relationship and vol just ends up being where that fits, where risk/reward=1. If you 'pound' down vol you will be...

:rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:

Or just make sure you're the one that goes home giggling like a moron on psilocyban blowing on a kazoo. Which makes a funny noise that sounds exactly like Wheeeeezzooooo.:):):):) Very much liked your post though.

Sad, he'll never know the wonders of what two girls can do with one cup.:rolleyes:

Fed just follows the bond market and pretends the bond market is front running them and then they are providing confirmation. Feds a joke. Everyone drinks the kool-aid. Delicious cherry flavored kool-aid.

No. I think that's it. Hospital accepts 12k and all is good. That's the crazy part. It's like a system of dual pricing. I could be wrong, medical insurance is not my most knowledgeable area by a long shot. But this is my interpretation if dad didn't have insurance they'd want 240 k from him...

My dad got out of the hospital recently. Bill was 240k. Insurance paid 12k. Without insurance hospital would be demanding 240k. I'd say something is extremely fucked with the system

I don't understand why British people would show hostility to Americans. By the time WW2 ended we had pretty much impregnated so many of your women that y'all practically a bunch of Americans yourselfs.