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  1. BlueWaterSailor

    ...And They Have a Plan. (Live.)

    "There are four possible outcomes in trading: large gain, small gain, small loss, large loss. Eliminate the last scenario by always using stops, and you will be successful over the long term." I don't recall where I read that, but it seems apropos. :) Glad to see you posting in this journal...
  2. BlueWaterSailor

    dest's discord group--tickers, structuring and pnl

    God, you lucky fuckers. I'm totally jealous. :) I've been fighting weight gain all my life, and never done any better than barely a draw. I'd give anything to be in a position where I need to slam down a burger and a shake just to keep up with maintenance. Good that he's getting some muscle on...
  3. BlueWaterSailor

    CV not even remotely close to being priced in

    Very well put. It's a complex, multi-faceted problem with lots of entrenched interests pulling and pushing for their own benefits. And while we should indeed base our decisions and action on data and look for compromises, I doubt that it's going to happen. There's been no sign of it so far...
  4. BlueWaterSailor

    CV not even remotely close to being priced in

    Which - logically speaking - is fucking yourself. Since that is what Turdey has been doing in this thread and elsewhere, it simply makes sense that he'd replicate it at home... or wherever they have him foaming at the mouth and struggling against the soft restraints.
  5. BlueWaterSailor

    Can one leg of an IC get exercised?

    Pretty good. :) Simpler: $100 per contract x 6 contracts, right? Now, subtract the premium you receive - $246 - and your max loss is $354. That's your total risk. You did ask an important question, though; it's a good idea to understand the actual mechanics behind the exercise process. There's...
  6. BlueWaterSailor

    CV not even remotely close to being priced in

    Oh, I'm always willing to grant the benefit of doubt... presumably, the originator of the suggestion is using mechanical assistance; it's hard to argue with his fervor in sharing something he sees as being SO exciting and desirable. I'm going to guess that he's using a long broom handle that's...
  7. BlueWaterSailor

    Can one leg of an IC get exercised?

    See my P.S. above. :) Also note that you are not required to pop the cash on the barrelhead immediately; you usually have 24-48 hours to handle it after the assignment notice.
  8. BlueWaterSailor

    Can one leg of an IC get exercised?

    When you write an option, you do not have any control over when or whether it gets exercised; theoretically, it could happen at any time. However, you'd also be long at a strike that's only $1 away - so exercising your long option would cap your max loss to $100 minus the premium paid per...
  9. BlueWaterSailor

    A message in a bottle..found my heading.

    I like Wolf Creek, myself; they get more snow than any other place in CO. 490 inches average... was over 500 last year. Telluride, Vail, Copper Mountain - all those guys are WAY overpriced because they're so famous. But you've got to be able to stand the gaff here: all those wussy places are at...
  10. BlueWaterSailor

    CV not even remotely close to being priced in

    Riiiight. "The scare media" is what you see under your bed; lots of luck in getting your paranoia and other psychoses handled. I doubt it's going to happen - you're too much of a coward to peek outside your fantasies and look at the real world - but one never knows. That, I believe. When they...
  11. BlueWaterSailor

    A message in a bottle..found my heading.

    Haha! I just came back from the high country, up around 12K feet; didn't see any moose - they're pretty shy - but there's plenty of elk, and the meadows are starting to bloom. It's just stunning up there. They're not holding the Mushroom Festival there this year. Dammit. :( I'm an amateur...
  12. BlueWaterSailor

    A message in a bottle..found my heading.

    Classic. When your life is SO miserable and full of hatred that you can't even tolerate a moment's expression of someone else having pleasure or joy in theirs... dude, there's professional help. You should really avail yourself of some. Soon.
  13. BlueWaterSailor

    "Cancelling out" a put or call? Shorting a stock and writing a put = free money?

    Since there are two parties, it's always both. One can't exist without the other. But even more to the point, a contract comes into existence by being written; a buyer cannot create one - only a seller can. That is, you cannot create a right for yourself - someone must be willing to take on an...
  14. BlueWaterSailor

    CV not even remotely close to being priced in

    An opinion is a view that is not based on knowledge; so far, so good. It's obvious that you have no knowledge, expertise, standing, or even the slightest clue regarding medicine or epidemiology. The problem starts once you try to promote your clueless opinion as fact - which is what you're...
  15. BlueWaterSailor

    CV not even remotely close to being priced in

    Yeah, quite a bit of that going on in the Tampa area as well. Nurses whose husbands or other close relatives are older or immuno-compromised are in a really tough position... the money may be good, but the chance of infecting someone and possibly watching them die - OR having to literally go...
  16. BlueWaterSailor

    S&P 500 Futures (SP) Seasonal Chart

    https://www.tylervigen.com/spurious-correlations :D:D:D
  17. BlueWaterSailor

    A message in a bottle..found my heading.

    I spent a bunch of years cruising the Caribbean, then came back via Bermuda and spent a number of years going chasing the warm weather up and down the East Coast. Doing something similar in a 40' RV these days (I'm in the Colorado mountains right now)... but man, I sure do miss the ocean...
  18. BlueWaterSailor

    A message in a bottle..found my heading.

    Dear 8 lb 7 oz baby Jesus... a 19-MINUTE-LONG video on how to tie a frickin' bowline??? If it takes you more than 5 seconds after an hour of practice (and for the rest of your life after that), keeping away from boats - and anything more complicated than a granny knot - would be a very good idea.
  19. BlueWaterSailor

    "Cancelling out" a put or call? Shorting a stock and writing a put = free money?

    While I agree with much of what you say, this part is incorrect. An options contract defines the obligation of the party that writes it; the party that purchases that contract gets the right to invoke that obligation. Rights are inevitably coupled with obligations, and one cannot exist without...
  20. BlueWaterSailor

    Tweets of the week

    Effin' pikers. If I could pick the exact bottom of every single drop the way he can, I'd own the US monetary supply in a week.
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