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Maybe I wasn't specific enough in my original post. My position is long one 52.50 call, short two 55 calls, and long one 57.50 call. That's a long call butterfly, according to Investopedia and many other sources.

Thanks. That's exactly what I needed to know. I established the butterfly position on Oct. 11 for a net debit of 1.30. I got nothin' to complain about. I was betting against Musk's obscene attempt to back out of the deal...

What are you talking about? Is this posted in the wrong thread by accident?

Okay, so maybe this is kind of a naive question... I am long the 52.50 call with an expiration of 12/16/22. The stock and the options have stopped trading. It is fairly clear that Musk will complete his purchase of Twitter at the price of $54.20, and that this will happen well before 12/16...

Yes, you spoke of secured loans, and I overlooked that. But in the original post, the guy said "I'm not talking about mortgaging my house or anything." He doesn't want to put his house up as a collateral, as you suggested. The OP is talking about an unsecured loan.

Have you ever applied for an unsecured loan? I have. The first thing they ask you is what it's for. Some lenders will allow you to choose from a list, and sometimes one of the choices is something like "general purpose." So I will immediately concede that some lenders will take an application...

Has anyone at Deribit claimed that the incident was a "cryptocurrency hack"? The post on Twitter said that their hot wallet was hacked.

According to Coinbase, "Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum." Here's the link: https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet If it is a...

If a hot wallet is not software, then what is it?

So in your view, hacking always involves hardware of some sort? It is not possible to hack into software?

Okay, so like I asked you before, can you give one real-world example of hacking? Is it possible for a hacker to hack into my brokerage account at Schwab or eTrade? Is it possible for a hacker to hack into my medical records? Do you believe that the folks who are in charge of Deribit do not...

A representative for Deribit has stated that "our hot wallet was hacked for USD 28m earlier this evening just before midnight UTC on 1 November 2022." This statement appears on Twitter. You can read it here: I don't think anyone has claimed that "Bitcoin was hacked." @FreeGoldRush, would...

@FreeGoldRush You have not answered my question: What is your definition of the word hack? You have advanced a few arguments as to why you think what happened to Deribit was not a case of hacking. But you have not explained what you think the word means. Can you please provide a definition...

How do you define hack? Is your definition of this term different for crypto assets than the definition that is used for other types of assets? Here's an example. According to Wikipedia, On February 4, 2015, Anthem, Inc. disclosed that criminal hackers had broken into its servers and had...

Based on the opening prices on what date? The morning of the expiration date? And what about VIX weekly options? Do they use the options expiring the following week to calculate the settlement value? Is the settlement value posted somewhere on the morning of the expiration date?

Do SPY options trade until 4:15 PM? If I am short a call that is expiring in the money today, can I wait until 4:10 or 4:12 to buy to cover in order to avoid assignment? And can someone explain to me in plain English: When do VIX options expire? When do VIX options stop trading? When is the...

Are you starting a construction business?

This context calls for who, not whom And this one should be its, not it's If Overnight is correct in his claim, then the OP is not using any capital letters at all, and that's very different from using a lowercase i as a first-person pronoun If someone routinely types everything with no...

https://www.theguardian.com/technology/2022/oct/04/twitter-shares-halted-amid-reports-elon-musk-to-go-ahead-with-44bn-buyout I don't usually trade news. And I'm not a big fan of Twitter. But I really don't like Elon Musk LOL Back in July, when the October trial date was announced, with legal...

This is a fascinating essay from The New Yorker written by the wife of a pilot who files small planes. It is entertaining. It is very moving. And it is deadly serious. https://www.newyorker.com/magazine/2021/08/02/flight-plan