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Wait ! What a fool to have fiat ....never would have happened with BTC ! All that hard earned cash should have been in a crypto wallet not a speaker ! Does HWP have waivers for crypto wallets !

Or if you like the basic buy/write strategy there a CEF/ETF's that do it for you...why work so hard ?

In the creation/redemption mechanism of an ETF there is an authoried participant (AP) that keeps the discount/premium in check ( even before any other market players do or would do ) containing any drift. This is in regard to the more liquid names anyway.

Your general perception of the benefits of swing trading options is correct but a few points I would point out ( to add to those already stated) ... While not impossible you will find it hard to consistently get over a 50/50 win loss on your directional calls on the underlying security...

@sle in addition to your point, how do you keep the delta of the different positions in check while waiting for this reversion/volatility ? I guess some could delta hedge but that is way above my pay grade.

While I agree that JD is eating his words some what, a distinction needs to be made between what a broker dealer allows a client to TRANSACT and the firms (or it's CEO) OPINION on the underlying asset. Simple example: BD has a sell rec on GE with a 17 target, if a clients still wants to get...

While I appreciated not everyone has the same access to services, but should those that don't have a lot of capital be exposing themselves to the volitility and potential for significant loss that a BTC represents ? Just to get some ancillary benefits ? (Retorical). Maybe more of a soc/class...

Wow, you really do not know how a modern day cash management account at a reputable US broker dealer works. I don't have time to educate but you should check it out. Btw..wired 45k to Germany, fx done spot, no fee on wire based on a 2 min phone call yesterday. Western Union ? Hope you were...

Yes, this among other aspects is a benefit , but I don't think that was what the post was referring to. I just feel that the BTC fan club is assigning characteristics of the coin to solve problems that do not really exist.

@johnarb. Every "benefit" you listed is identical (and can accomplish the same) to owning a rapidly appreciating stock such as AAPL or FB in a cash management account at the better brokerages (not the IB's). There may be some bene's to BTC, but not the ones you listed. What you call...

"Opportunity cost" is a term of relativity, it can be positive or negative. The stock price did not drop because of the dividend cut (as you noted it was widely anticipated). It dropped because investors did not like what Flannery had to say.

@beerntrading "all they need to do is cut the fat"....I have to disagree with you here. They are no longer the revenue machine they historically were. Capital was sold at laughingly low valuations (management was so proud how quickly they got rid of it, Ha.), Power is a mess and their recent...

No prob on any of my devices.

Comparing it to one of the most mis-managed state governments is irrelevant. R1234 was missing the fact that FL gets it revenue through taxes other than income tax.

Your point ?

Winner winner..plus taxing just about everything else x-income. No free lunch.

but don't you HAVE to take "into account other option characteristics" when making a comparison ?

@R1234 . I was going to tell you but I'll change it to a question...how do YOU think FL provides such services ? Since it may be your eventual destination you may want to answer it before you move.

This thread it just enforces my belief that BTC has a VERY long way to go before it even comes close to being accepted as modern day currency. The very people who champion it can not even agree on the transactional process or security protocols.

If you have come to this forum (or any other) for "trading strategy 101 in a box" you're going to be disappointed. If you've come for a little bit of entertainment mixed with some educational wisdom or questions that you may be able to take back to your own strategy/style you are in the right...