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lol Munger did talk his book constantly nor did he fail to mark the loss on his short index puts due to "strong fundamentals" of the mkts. Munger was actually fairly ethical.

From what I heard at the time, Munger advised against the index short put fiasco.

Munger was a fascinating guy. In many ways a lot more interesting than Buffet; highly educated, diverse history before their partnership, psycho-social understanding of human behavior (into macro/micro).

How many Lambos does Trump have? Id pay to organize a trading comp between you and Tao.

Knowing that… what do you do with it? You’re only going to short slightly otm cs? Short otm cs and dynamically hedge shares? Short the cs, buy the ps and buy 11 SPY to be neutral in time? All of this sht is artifact of a vol-skew. Welcome to the 20th Century! Let us know when you accumulate...

lol and so? Why don’t you start a Journal titled “water is wet”?

And I told you why it’s there. How is your intraday binary sht working? Buy another Lambo with the gains?

The smile is really a smirk in index and only becomes a smile due to microstructure (deep otm upside strikes trading 10 x 30 cents; 8 x 25 vols). Vol-smile is really only in some SN and deliverables (commodity futures)

Take an equidistant otm cs and ps on index, but within say 30-delta. Equidistant priced against the synthetic at the expiration in question. On index the cs will trade at a larger figure than the ps. The box arb reflects the synthetic of EITHER spread, not the relationship between an otm cs and...

bc the vol surface isn’t flat. Same strike ps and cs are governed by the box arb. An atm cs is the revenue side of the fly on index, provided you are accounting for the forward (atm basis for both). Why? bc upside strikes are -skew on index.

Well, I am on a desktop 95% of the time. I am simply referring to the minimum I’d need to bother with a mobile app. TDA is worthless outside of getting flat D in spot or futures. TDA is impossible to use to close a large book in SN or index due to the lack of grouping or the order of operations...

Anyone who states "free" as much as you do is a fraud. elitetrader.com/et/search/16799496/?q=free&o=date&c[user][0]=48486

I prefer mobile front ends that are functionally-identical (or as close as possible) to the desktop front end. TT and TastyTrade come to mind. TDA really misses the mark. The iOS app is nearly unusable. You cannot form "groups" on the mobile app as you can on the desktop monitor page.

bc ur stupid. Why buy a deep itm call spread at a 99D when you can buy a 1D put spread?

You don't get it and I don't care enough to explain that image. You said spreads with different strike performed differently... well, no shit.

Dood, same strikes are = Just go away.

Because they are equivalent (box arbitrage).

Lebanon. What is the point in taking what's left of their fiat and buying crypto?

I’m stating they’ve lost it all.