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  1. destriero

    Why are options so expensive compared to home insurance?

    No, it's a debit.
  2. destriero

    Why are options so expensive compared to home insurance?

    If you're long 100 AAPL from 170 and you buy the 165P and short the 175C = long 1 165/175 call spread.
  3. destriero

    Post Expiration Margin deficit

    You'd have to buy a put under it the same tenor or later. IBKR will liquidate it at 3:45 today.
  4. destriero

    Why are options so expensive compared to home insurance?

    It converts the trade into a bull vertical.
  5. destriero

    Get long

    Off topic: has anyone had/have a doggoe with Addison's?
  6. destriero

    Get long

    thx my friend. Special Telegram gig for those who have contacted me.
  7. destriero

    Liberal Jamaal Bowman faces criminal charges

    I think he should share a cell with @NY_HOOD HTF is this an econ-thread? Reported.
  8. destriero

    Why are options so expensive compared to home insurance?

    Bear risk reversal. 20-25D short call. long put. You'll have to pay a debit but it converts the portfolio into a synthetic bull vertical (optimally-hedged). Using ATR and other analogies is pointless. If it's overpriced then where are the sellers? Would you have wanted to short puts at...
  9. destriero

    Why are options so expensive compared to home insurance?

    Because speculation is not the same thing as property damage, right? The homeowner will not intentionally act contrary to self-interest, and if so, the insurance company won't pay on arson. Have you even tried to buy private hurricane insurance in Florida on the coastal Panhandle?
  10. destriero

    0DTE options craze

    They lie about regulation, so I suppose that all you can do is to try and parlay your $30 or whatever and hope that they cash you out. Sure, they are going to pay on lunch money "selective scammers" as it is.
  11. destriero

    0DTE options craze

    That's the tightest market that I can imagine in SN tech digitals. I can't imagine they are going to let you cash out of anything over say, $1K. They cannot feasibly hedge this other than internalizing against other client accounts.
  12. destriero

    Get long

    This is the primary arb now, but it's significantly more complex, and the trade is visualized as an arb (conformal).
  13. destriero

    New York judge finds Donald Trump liable for fraud

    It's not worth anything close to $200MM. It's a commercial property that loses money.
  14. destriero

    Get long

    I think he's likely talented but what he does cannot be taught, IMO.
  15. destriero

    New York judge finds Donald Trump liable for fraud

    The NY judge did not "appraise" the thing at $18MM... he used Trump's words to PBA that the property is only worth $18MM You're slipping, Bro. And the fucking thing is a tear-down. It can not be made into a private residence. It must remain a club. The $200MM waterfront is asking. Why not ask...
  16. destriero

    New York judge finds Donald Trump liable for fraud

    Dude! He argued that the Palm Beach assessor's valuation of $25MM was TOO HIGH and stated that it was worth less than $20MM. Something like 17-18MM. Now it's worth two yards? So fucking WHICH IS IT? While $27 million is obviously an undervaluation, Mar-A-Lago can't be developed or turned into...
  17. destriero

    Get long

    No convexity to returns. Long/short stock, index futures, bonds, etc. Basically just going long or short the underlying.
  18. destriero

    New York judge finds Donald Trump liable for fraud

    Totally not what I am referring to. This c*nt defrauding the taxpayer with his $15MM tax declarion for Mar a Largo which he states publicly that it's worth $400MM. Pays $600 in taxes in 2017(?) And your statement is misinformed: President Donald Trump has had $287 million worth of loans...
  19. destriero

    Get long

    Delta1 = shares/index outright. No optionality. becket@gmail
  20. destriero

    Get long

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