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  1. R

    Wonkbook: 84 percent oppose Ryan’s Medicare plan

    Most Americans are against the huge deficits we have. Yet when they are polled about which cuts we should make they are against pretty much anything that would make a difference. They don't want to cut medicare, medicaid, social security, or even defense spending. The Department of Education...
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    Iron Condors ? how many should we have

    Let's look at a simpler case: The humble bear call credit spread: XYZ is at 10.15 Sell XYZ June $12 call for 0.60. Buy XYZ June $15 call for 0.15. Cash out of pocket: -0.45 (credit) Margin requirement: 3.00 Net cash required: 2.55 Maximum profit: 0.45 Maximum loss...
  3. R

    Iron Condors ? how many should we have

    I'm not convinced that "the industry" ever got its mind straight on this one.
  4. R

    Geithner Newsflash:It is impossible to lose AAA rating, increase debt ceiling now.

    Ha ha ha ha! The shill for the central controllers speaks. No wonder gold is over $1500.
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    Trend Trading on Futures

    P&L is the daily change in profit or loss. Unrlzd P&L is the unrealized profit & loss since you entered the position And, of course, Realized P&L is what you made or lost after closing your position.
  6. R

    Am I the only one surprised about the S&P downgrade?

    S&P didn't downgrade U.S. debt, it merely stated that such a downgrade is a real possibility within the next couple of years. Judging by the way the market tanked on the S&P announcement it is obvious that you weren't the only one surprised. Me, I'm surprised that anybody was surprised. So...
  7. R

    Iron Condors ? how many should we have

    I agree. After all, you're short the bear call spread, and you're short the bull put spread, so it seems peculiar to say that the combination of the two is long.
  8. R

    How they really are, the other gender.

    I'm shocked, shocked I tell you to find that women seek security (which usually translates into wealth) while men seek youth and beauty. I'm glad someone let me in on this stunning secret.
  9. R

    Guiding false belief of the extreme left.

    The left does not want equality of opportunity. It wants equality of outcomes, which requires ever more totalitarian measures. After all, how does the left "prove" that fairness has not been achieved? By pointing to disparate outcomes.
  10. R

    My iron condor's delta's are all over the place

    All options were for May. A 900/910 RUT bear call spread, sold for 1.70, and a 770/760 RUT bull put spread, sold for 1.50. The sales were done at different times.
  11. R

    How to lower cost of married put ahead of earnings?

    Do you have some value below which you feel AAPL will *not* go? If so, make your put a bear put spread. If you're very, very confident, make it a put ratio spread. (Sell more than one far OTM put for every put bought.) You can reduce your costs pretty far that way, at the risk of losing...
  12. R

    My iron condor's delta's are all over the place

    I closed out a RUT iron condor with a 13% gain. (The profit was all in the bear call credit spread, the bull put credit spread was at break even).
  13. R

    Curious about traders "edge."

    An edge is a trading strategy with positive expectation. More precisely, it is a trading strategy whose expectation exceeds the risk free return. (If you can't do better than the risk free return you should put your money in treasury bills and do something else with your time.) "Strict...
  14. R

    using Options as Stock hedge?

    You do give up the dividends when you buy the call. A call is cheaper for a stock that's paying a dividend during the remaining life of the call, but not enough to fully compensate for the loss of the dividend. But note that a dividend paying stock will also have more expensive puts, so if you...
  15. R

    using Options as Stock hedge?

    Buying puts is the obvious way to hedge a stock. That's expensive, so you may want to offset part of the cost by selling covered calls, (making it a collar trade) although that limits your maximum gain. Of course buying a stock and a put on that stock is just creating a synthetic call, so...
  16. R

    "Are ETFs Really Safe?"

    From the article: DG: But in a traditional short-selling situation, you typically have to borrow the shares before you can short them. AB: Yes, and that's true here too. But if you look at the Securities Settlement Failure data, ETFs are very oddly overrepresented, so it does look like...
  17. R

    42 USA Senators will Block Google?

    Well, porn is in the eye of the beholder. What you found was certainly obscene.
  18. R

    Immigration solution to deficit.

    Here's my immigrant solution to the deficit: Charge Mexico $100,000 per annum for each illegal immigrant here from that country. Enforceable by the Marines.
  19. R

    Huff Post Sued For $105 Million By 'Modern-Day Slave' Bloggers

    It seems clear to me that those "progressive" bloggers already got paid everything their opinions were worth.
  20. R

    42 USA Senators will Block Google?

    Well, the basic premise of the OP appears to be wrong. I went to bing and tested it out with one of the internet's most popular search strings, "big boobs". I got the expected listing of web sites. What I'll do for the cause of science.
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