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You're correct for American options, you can either sell them or exercise them. European options can only be exercised at expiration but can be bought and sold at any time. It's a bit random which options are which (it has nothing to do with if they're sold in the U.S. or Europe), but valuation...

Thanks, I do vaguely remember that conversation and have had similar experiences during fast moving markets.

If you actually understand how volatility impacts option price then then you understand why you would always sell rather than exercise early. I mean let's make this simple for you, if the option is trading above intrinsic value and you exercise, you just gave away the entire amount that the...

No one is going to be able to explain Black-Scholes to you in a forum post. Check a book out at the library or take a MOOC, both are free. You'll probably want to do the same with a prob stats class while you're at it. What you're asking is essentially like asking an electrical engineer how an...

Again you really need to understand the value of optionality to understand options. Except in certain dividend situations it is always optimal to sell an option rather than exercise it because almost every option has some value above its intrinsic value. This is absolute basic fundamental...

The Banjo's of the world are stuck in another era, sadly. They don't get it and probably never will. Hey Banjo, how many engineering and technical jobs were added? That's the future my friend. The fact is 90% of the value from an iPhone or an imbedded control system or any other machine accrues...

It's worth spending a little time reading about Black Scholes and option pricing. When you understand the huge role volatility has in option pricing and option value all this will make a whole lot more intuitive sense.

You're right, even Nadex is clearly targeting the gambler market. I am curious what the funky things were you picked up on, happy to take the answer on PM if you can't post them. Thanks.

You're the one making the assertion here, post the data from a day with the math. Like I said, let me know how it works out for you.

Why not list a specific day this happened? Again, armed with this knowledge why aren't you rich from shorting both?

Then congrats, you've found a guaranteed money making machine! Just short them both and you'll soon be rich. Let me know how that works out for you.

Good example even if he didn't own that specific one. Back in 1998, no-one really knew or understood how the internet worked and we didn't have good search engines people would actually randomly type "pets.com" into their browser if they wanted to find out something about pets. Company's had mad...

I think you do not understand the difference between an ETN and and ETF? The ETN returns exactly what it says it will, 3X or -3X the daily percent return of the underlying unless the issuer goes bankrupt which has not occurred in this case. I challenge you to show me a day when these two funds...

I'm going to say he's either BSing you or oversimplifying how he makes money. Do you have any of the URLs that he's making millions off of? I'm willing to bet he either sold them to companies who are actually selling things or producing content on those sites (back when they thought domain names...

How much SEO have you done? Have you ever put together a site in a field as crowded as this one and ended up above the fold on organic search for any term? Or even in the top 50 for that matter? Do you seriously think that you're going to get $5000 worth of SEO optimization out of the miniscule...

Domain name actually plays a negative role in organic Google search rankings since the exact match domain algorithm update in 2012. There's no one out there in 2016 who puts together a random site, does some magic SEO, and gets people to both visit the site and click on ads. You have to put...

VCs don't do NDAs, ever!

It's an absolutely horrible way to invest in a startup. Even sophisticated angel investors are almost always crammed down and get screwed by every subsequent round unless they have the cash to participate as a meaningful co-invest (i.e. 1/4 or more of a round even if it's a $50M round) And...

Agree about bright kids these days. I do wonder where you found a 19 year old VC, I've been around a lot of VCs and never even seen a 19 year old analyst at a fund?

I'm totally with you on that. Not sure what kind of morons the gold bugs think will be out there after the apocalypse who will be happy to give them something useful in a practical sense like food in exchange for something entirely worthless in a practical sense like gold. I don't think they get...