Search results

When I'm interviewing somebody I don't care what degrees they have. I care what they know and want to see some evidence of the quality of work they can do.

It's been a while since I read Natenberg or Sinclair but I don't recall anything about selling options at random giving you the risk free return. The theoretical option price sets the option price to the present value of its expected value at maturity. The ask is set a little higher and the...

I utterly reject the notion that it is the responsibility of government to provide for people what they can not provide for themselves. If I'm a geek who can't get a date, does that mean the government has to buy me escort services?

The only acceptable candidate: Ron Paul Of course the Republicans will pick another neocon and help insure Obama's second term.

There is no one more intolerant or hateful than a true believing leftist.

Books are cheap. Buy the right books and read them and you'll get everything you can get out of a liberal arts education except the frat parties. Now ask yourself if the frat parties are worth $200,000.

<i>That's</i> my problem. I need to learn unsuccessful chart reading. Then I'll finally be able to make money trading forex.

There's RUT on "exchange" RUSSELL and RTY on exchange NYBOT. Both purport to be the Russell 2000 index and both require paying for a market subscription that you probably don't have. I only see options for RUT.

I was never under any illusion that Republicans stood for freedom, other than Ron Paul. To be a politician you almost have to want to be a control freak.

Why do people endlessly repeat that stupid line about not being able to eat gold? You can't eat federal reserve notes either. In fact, they'd be a lot more palatable without all that green ink. Gold is simply an alternative currency. On the downside, it pays no interest. (But lately dollars...

I'm pretty sure that successful futures or options traders don't invest in the instruments in which they trade, because there's no such thing as "investing" in a finite lifetime derivative like a future or option.

Um, where I said "synthetic short" I meant "synthetic long". (Passed the 30 minute edit limit.)

Known dividend payments are priced into the call and put prices (calls are cheaper and puts are more expensive by a net amount equal to the present value of the dividends paid out). On the ex-dividend date the difference between the call and put prices should increase by the value of the...

It was from The Onion, so of course it must be true!

Don't forget to include your margin requirement on the short put of about 2 bucks. But yes, it is cheaper than the stock. A synthetic long is essentially the same as a long single stock futures position. Of course you have to fight the nasty bid/ask spreads that options have on both the buy...

A left wing terrorist blows up government buildings (not mosques) with real explosives (not big firecrackers) and 40 years later gets to be a Distinguished Professor of Education and friends with the President. http://en.wikipedia.org/wiki/William_Ayers With Distinguished Professors of...

As with almost any subject the best way to learn is just to read the right books. The most expensive books on technical subjects are far cheaper than the cheapest commercial seminar. Also the CBOE web site has some good free information for newbies.

Selling cash covered puts on stocks you really want to own at strike prices where you'd really be willing to own the stock is less dangerous than buying the stock at the current market price. Where people get in trouble is when they sell puts on margin for far more stock than they can actually...

"It's an IOU that is backed by Treasury bonds and the faith and credit of the United States government," said Sen. Bernie Sanders, I-Vt. "It is the same faith and credit that enables us to borrow from rich people and from China and from other countries. As you well know, in the history of this...

Actually, I have been putting in money since the mid 80s. Most of the gains were lost in the crashes of 2000 and 2008. I estimate that had I simply stuffed the cash under my mattress I would have about 50% more money saved up by now. The stock market is a treacherous place.