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My understanding is that a number of nations sit somewhere on a spectrum between "solvency" problem and "liquidity" problem. Difference being, you can grow out of a liquidity problem as long as you are given time. Greece is on the extreme, and looks like a solvency problem. They arent...

Did you hang on through the dip, Rol? If so, you were absolutely rewarded for your positioning. What a rally at the close, there...

With all seriousness... Your returns are barely green for the year (just eyeballing it, less than +1% over 9 months). What kind of Sharpe were you hoping for, regardless of the rf rate that you use? To raise your Sharpe... Increase your returns.

Options are for people without crystal balls, and therefore don't get into hypothetical discussions about "getting the direction right" with complete certainty.

And of course, same potential downside as being long stock.

Note that's the Dec 2012 contract. The underlying future was trading at 5.85 at the point of this snapshot.... so you wouldn't normally buy a put higher than the underlying. (You can, but it might just confuse you at this point.) Here's the Dec 2011 option chain...

See here: http://quotes.ino.com/options/?s=CBOT_C.Z12 Obviously further out you go in time.... more you pay. You might want to buy puts at a price significantly below current price. It's basically insurance against market "price" failure.

I don't understand why more farmers don't trade in options, actually. Many of the advantages mentioned before (no margin issues, max loss capped in any case)... You get to lock in your price and yet still participate in any upside.

If you are concerned about crop failure (or margin calls) buy a put. Alternatively sell futures and buy calls. Either case you pay a price to limit max loss.

Silver now quoted at 26.370/26.400 as I write this. Insane. Oh, oops. 26.185/26.200 in the time it took to write the last sentence.

I ended up with $2 billion as well. 1.6^33 = 5,444,517. So, you'll multiply your starting value by 5 million. In any case... this is a really silly thread.

You know... if the client just purchased naked puts without an existing long position... then arguably, it doesn't have stocks to sell to MS at that price. It can't deliver. And perhaps MS is saying, we can just settle this by assuming you could buy the stock at the last traded price for...

What the heck? Why does this even need to head to litigation? I'm sure these were OTC, but even so... how can MS just back out? http://www.finalternatives.com/node/18169 Hedge Fund Sues Morgan Stanley Over Canceled Sino-Forest Options Sep 23 2011 | 12:40pm ET A hedge fund is suing...

You really have to quantify that. I'm not "everyone", and I'm not saying its a "magic cash cow". I'm saying that medicine remains one of the best options possible for a freshman/sophomore in college considering their future career. The pay and job security is tremendous. "All the crap" you...

One thing that's really scary about medicine... if you piss off the wrong people in residency, they can destroy you. They can end your career, and essentially end your life. Residency directors + attendings have the complete, total authority to permanently make you unemployable as a physician...

Utoh, jinxu is tired of my BS... devastating. How's your guaranteed profit strategy doing, by the way? If you haven't sold it yet, I'll buy it. How about I bid however much you made trading it over the last 12 months? I don't have a problem with those links. Almost all of them are written...

Again, my wife is a physician in training with job offers in hand... and I know many, many physicians. There are simply no "unemployed" physicians (assuming basic competency, i.e. board eligible/certified). Private practice is rapidly disappearing, replaced by larger medical chains. That...

If you have a mortgage, you can now re-finance (again), and have more cash in your pocket. If you're building (or thinking about building) a factory, you can borrow for less. You're lowering borrowing costs, period. Whatever you're not paying in borrowing costs, you get to use elsewhere.

Let's say you have a $2 billion commodity pool. You want to allocate 20% into the ags, for example... so $400 million. Of that, you want to maintain a m/e ratio of about 15%... so you should be trading enough agricultural futures to equate to $60 million in margin. With initial margin of...

No, not true. What I referenced above are all single strategies... it doesn't matter how many different accounts they're spread across (and I'm sure many traded managed accounts)... since by NFA rules, all these strategies must be traded similarly with the same performance. Winton Capital...