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What? Man, are you getting Old-Timer's Disease? A touch of CRS, maybe? :sneaky: It's come up countless times in our convos, both here and elsewhere. I came here from the USSR in 1975. These days, knowing Russian really comes in handy for trolling the vatniks and the pro-Putler crowd... Now...

Never heard of her. Just looked her up... O, I see. Creepy art on her site. Not for me, thanks. Man, I get to hear some odd music thanks to you! This one's not my style at all - except for reminding me that "Fear of Flying" was one of the first books I read after coming to the US (this, while...

Why thanks - I'm good! Just came back from a great dinner, about to pour myself a nice glass of red, good music playing softly in the background... and now, I suddenly have a dog at my feet who cares about my state of relaxation, too (fake solicitude, of course; in reality, he just wants...

By Jove, Watson - you've struck the nail on the head! "Anything is possible" is an excellent description of... whatever all that stuff was. :D It's confusing, any way you read it. I may have just picked the lesser of two evils without thinking about it.

Daaaamn, bro. You're going to give away this kind of valuable info, for free? Whew, I guess you must really like the guy. He'd better put you at the top of his friend list.

Oh yes, I remember! I was exhibiting you. Hope the leash wasn't too tight. P.S. If I recall correctly, this is the first time you and I have interacted here on ET. If this is how you start out with strangers, I can tell you the source of your (extremely serious) mental disturbances quite...

"...on a call it $109 investment" strongly implies that he's not.

It's sorta like art created by a mental patient... there's no reason that it can't be creative and brilliant (in fact, I saw an exhibition of some interesting ones in Baltimore) - there's just no particular reason that it would be. Unless you have a specific market view and reasoning...

Which, if true, would be significantly higher up the scale than ignorant idiots with no claim to being elite. Good day for humiliating self-owns, I guess...

That's hilarious - I did the same thing for the same reason. :D It's only temporary, mind you... I suppose it's similar to the fascination some people have with watching horrific car wrecks.

Looks to be the same for all other popular CBOT products as well.

Best. Answer. Period. :D:banghead:

I take turns being amused by people thinking they can pop up an indicator or two and Beat The Market(tm) and annoyed by various furus commoditizing that belief and ripping people off with their Get Mega-Rich Sekrit Trading System(tm). The thought behind it seems to be "gosh, I must be brilliant"...

For the most part, you're right. But there's always one or two good ones in the crowd, and - as a guy who taught at a vocational school for NYC ghetto kids for a while - I'm used to diving for pearls. Maybe I should put "r/wallstreetbets and RobinHood FOMO morons stay away" signs around my...

I'm good with that. My thought is that if some newbie apt to make a real mistake of this type reads it, at least they'll be forewarned.

I sure hope you're not just trolling here. But on the other hand, if you're serious... you're in for a bit of a surprise. This is why 2.99 is actually $299 in premium - because it's per share. Each standard option has 100 shares underlying it. So, selling the 109 strike means you'll have to pay...

:D:D:D I know; there's this spot of dark evil in my heart, and it just takes over once in a while. I can't help it... at least that's what I told the judge at my last hearing. Jeez, ya help old ladies across the street and don't stomp on other people's flower beds any more than you can help it...

Post #1: "I'm having some slight difficulty understanding the N(-d1) term in the BSM. Can someone elucidate?" [Replies go into painstaking detail, show sources and derivations with footnotes, etc.) Post #2: "BTW, I'm not sure about this 'standard deviation' thing you people believe in. I've...

Did you miss the fact that you'd have to buy 100 shares, not 1? It's not a "$109 investment" - it's $10,601 worth of notional exposure. This is AMZN just today. Hopefully, this'll make you realize why you're getting paid that kind of premium on it.

Right... so, not BSM. Pretty much what I said. From Investopedia: