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Larry McMillan: Options as a Strategic Investment

LOL. Thank you, I thought it was just me! Maybe we are just old fogies who have to face the fact the world has passed us by--no, wait, we are baby boomers. Even though everyone hates us, we are too big to oppose.......

Free thinker, well said. But on the original topic: I'm in the pharma industry, for the last 9 years. Two things: The essential skill is to understand how to develop a compound, not how to invent one. If someone else can burn through their venture capital proving their concept and...

Having read them both a few times, Options as a Strategic Investment is the superior book in my opinion. But the other is good too. Read them both, but that would be my recommended order.

I'm trying to short some ETFs: dbb, jjc (my second attempt to short this one, had to abort the first), nlr, ung, nib And long positions: tao (was short this for a couple of days last week, now I'm long) and gld Only sgg and cow are working well (both shorts) FYI, I'm a position trader...

Is this exceedingly choppy, or am I just being a big baby?

I like the pdf idea. I have pdf995 and pdfill, but both of them still only pick up a single page from the jpg file. I think I need a way to easily make the two pages into one file.

Help, techies! I just bought a Brother scanner. It scans things nicely to jpg files. I can paste them into Word files, or import them into Word. My problem is what to do with multipage files. Mostly, I am scanning contracts, which are two to five pages of text. Let's just say for...

optionistics.com has free Greeks if you check the "Greeks" box.

Is the OP still around? We are pretty nice here on the options forum. The arguments tend to be gentlemanly. It's those economics people that need rabies shots. Yes, you can do quite well with this method. It is not a bad method for those of us who do not want to sit in front of the...

Rob, I do not think you are missing anything. All such positions have an expectancy of around zero at the time you put them on. You have to guess the direction right, or at least, not be too wrong. These spreads accomplish two things for you: provide some leverage if you are right about...

This has nothing to do with Mexicans. There are plenty of immigrants from other countries doing this same thing. I have taken care of thousands of people on public aid/insurance, and believe me, they come from all ethnic categories. Also, there are plenty of Americans doing this, too: where...

What shape will a "joint currency intervention" take? Do G-7 buy Japanese bonds, or...? I don't really understand this stuff. Thanks.

Let's invite the Japanese out of their soon-to-be-radiation-impregated land and ask them to move to Detroit. They can revitalize the city, revamp the old auto plants, build some Toyotas, Hondas, etc., and pay us some taxes so we can afford to keep paying them their bond coupons. They can clean...

I am a size 7, and will donate the box for free. Just send me the bills and I will put them in the box and FedEx them to the OP immediately. Let me know if you want the mountain boots box, the purple spangled high heels box, or something inbetween.

I have probably read or skimmed 300+ books about trading. As we all know, most of them are crap. (I keep looking because about every 30th book contains one really good idea.) So while it's true that everything is in a book somewhere, there is no guarantee that if someone chooses to read as...

Americans don't know history. It always ends. The leaders whip up the fear and paranoia, because it works.

It is true, this depression (let's call it what it is) humbled a lot of people with few resources, and that is sad. I am no psychopath, but I was pretty happy to see Madoff go to jail. Nevertheless, I realize he is mentally ill (narcissistic personality disorder) and prison does not...

Maybe you can day or swing trade like this, but it sounds like you have a longer term thesis. If so, stay with the long term trend. You would have to be nuts to short any country ETF in this market. If you want to short, wait for the storm.

There is plenty of leverage with DITM near month calls. Pick a very liquid underlying that has decent B/A spreads down there. Use the q's or something like that. Try delta=.9 or so. When you have made 25-35% on them, roll them up, and out to next month if necessary. Roll them out in early...