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Yeah, /MES. I wasn't questioning your ability to trade futures, just M.W.'s statement that you can't hedge after assignment. Like... WTF?

Say what? Hedging can be done with pretty much anything, as long as you have correlation. Since basic math seems to be a stumbling block, try paper-trading, say, 50 shares of SPY and get short one /MES contract, then watch the P&L. Take as long as you need...

Damn. I haven't done any CCs in quite a while, but this looks like it would be worthwhile on its own. Come to think of it, I've got some loose cash sitting in an IRA... the only trick here would be finding an underlying that's not going to hell in a handbasket in this market. Maybe something...

Just for curiosity's sake: what would you do if you get a strike touch early on? Seems like it would be a straight-up loss at that point, right? P.S. Whoops, never mind. Forgot about the gain from D1...

Oh, bullshit. Sure, there are a few people here - as anywhere - who are rude without cause, but in general, most here are quite helpful to newbies. I don't recall anyone being especially rude to me when I started here, and I didn't have the slightest clue. You couldn't understand why? Here's...

Ye ghods and little fishes. I missed that he was doing both. Yeah, there are better ideas out there... self-trepanation comes to mind. But yeah, it's just all these Awful Meanies(tm) on ET jumping on innocent, helpless newbies. Must be that's what it is, and not, say, well-meaning people who...

You can reduce your exposure with the underlying, futures, or options. The real question is, what are you trying to achieve with your hedge? All you'll be doing is locking in the losses that you have at the moment - and paying the fees for those /MNQ contracts (both in and out.)

Not sure, actually. It's not like I drink it for the alcohol content - I don't think you could get drunk on it, it would be like eating a dozen dinners all at once!

What, is that pool of stale weasel puke stalking me again? His Thorazine supply must have run low. It's actually quite entertaining to know that I have a doppelganger living rent-free in his microcephalic skull; since I've blocked his bloviating ass - I don't need to read any more of his inane...

Not even close. 98% of the beers here are like sex in a canoe - fucking near water - and whatever that nonsense is sounds even worse. I'm an ale and stout sort of guy; the kind of thing you can bite off and chew, and one bottle of it makes a good dinner all by itself. Mmmm, Youngs...

Or, you know, you could just be this guy. No options required. https://financialpost.com/investing/phantom-trader-who-blew-hole-in-worlds-oldest-power-market

If you're trading natty gas with those ridiculous margins you get in futures, you already are that guy. :D Although he was stupid enough to leverage them even more... :banghead: :banghead: :banghead: It's like "NO! Dancing around this smoking pile of dynamite ISN'T enough for me to get off! Now...

Oh, bull. You stay out of options because you're scared of them, that's all. :sneaky: Yep - it's a logic error. AFAICT, people missed that he was long that put and assumed he was short ("AFAICT" because I've got the OP blocked, so I can't see about half the convo.) Note that being long does...

"Perhaps what you are looking for is a long-range comprehensive investment program, conservative yet liberal, which will protect you from the effects of inflation and also deflation and which will allow you to sleep nights … I will see to it personally that your inquiries are referred to the...

I just enjoy (mildly) twitting you. You give me lots of chances to do it, and I appreciate that. :D Are you seriously implying that there was a time when they weren't totally lost??? Never took you for such an innocent, trusting soul. Macroeconomics is called the "dismal science" for a...

Given the volatility this year, that's not at all surprising - which is why it's a really good idea to think twice about bullish (or at least neutral-to-bullish) strategies like selling puts. Every trade you take is a view that you're expressing about the market - and this one does not fit...

Not even if you grow tits on your back, fellah. I'm hopelessly straight, no matter what today's fashions dictate. :) Not too many Great Whites around Puerto Rico these days, so that scenario isn't very plausible (and gawd, I'm so glad that scenery-chewing shit of the 70s is mostly gone from the...

No surprises there. It's illegal as all fuck to get that close to whales in most places, but... idiots will be idiots. Those are BIG animals, not cutesy cuddly photo ops. More whale fun: back in the days when I was anchored off Boqueron, Puerto Rico, a friend asked me to help him with his boat...

Nope; I've got too much sea-time to do any seriously bone-headed stuff. It might kill me one day, but it won't be because I shirked any necessary work or didn't know my business. But the sea, unlike the market, isn't out to get you; I've seen some damn fools survive on it for much longer than...

See, this is just one of the reasons I like reading from guys like you. It comforts me when I look back at some of the stuff I've done... hell, some of the stuff I still do. :D