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ROP (return on premium) is stupid when looking at the return for shorting options. If your options were all of a sudden worth 50 dollars would you consider that a 1000percent loss? If you shorted the gut strangle instead (which would have been like 104 dollars would you call that a 2percent...

Wow. Three months to earn 1percent on notional and two times where things could have gotten pretty hairy.

Whats your view from here? Do you think the stock will recover? If so, by when?

That trading revenue is just buying and selling. Doesn't include infrastructure costs. I think their net income is around 200mm on a balance sheet of 2bn which is likely levered several times. So like a 10percent return and scaling issues compared to buffet.

We weren't a democracy in the golden age according to the clip?

Why? Trump will just lie.

I've been told that the retail funds run by prominent hedge funds are like the restaurant week menu at fancy restaurants. You feel like you are getting the real experience at a discount but aren't really. They are ventures to use their name brand to get management fees but you don't get the...

I wonder if their hedgfunds survived and only their retail fund blew up.

Yeah.

You'll never have enough delta on the downside and you will have too much on the upside.

That's my guess as well. If they were only trading VIX, their performance in 2017 would equate to a position of 6% long XIV (which tripled in value to earn approx. 20%). To have the loss they did in 2018 they would have then had to have 80% XIV. Either they changed their position drastically...

Yeah. But they will be earning their way out an expensive mistake at 4percent/year.

New York had those rates 15 years ago. And rents are higher than that now.

I've heard that the multi unit apartment market has gone bananas. High cap rates on high per sq ft rates. It's probably unsustainable. Higher rates could cause defaults among landlords.

Okay, you are talking about private citizens defending against other private citizens. The second amendment was written (and your post implied) private citizens defending against a government. How many Jews were killed by civilians (Germans who became Nazis) carrying guns? How many blacks were...

You think the Jews could stop the holocaust if a few of them had guns? In fact it's the opposite. So many blacks are killed by cops because of the fear that they own a gun. Further, the concept of the citizens rising up in todays world is a fallacy. It only works if you have a coordinated armed...

No. I was agreeing with you that hundreds of millions of lives are not worth my inconvenience. My right to drive drunk is important even if it kills hundreds of millions of people who oppose it. And there is no middle ground. Either I get to drive drunk or we ban all cars.

But according to you we should not make drunk driving illegal. In fact the 290million people who oppose drunk driving should die so that I can maintain my right to drive drunk.

Clearly to you that acceptable number is 100percent if they oppose your viewpoint. Does your view represent all the other gun supporters here?

You can never stop everything. But you can make it more difficult. So where is the line? Background checks clearly don't solve all the problems. Nor does banning bump stocks. Banning surface to air missiles don't solve all the problems because someone can easily just hijack a plane and crash it...