Search results

The object of the game is to make money. He lost on direction, timing and vol. Worse, he stood to gain relatively small if he won. Marty should retire and buy Zeroes.

Would have to be.

No way he was short 14K naked. $300MM haircut for retail.

No, a tax on billionaires.

Reinsurance mkts exist because they must; they do; it’s a tautology. The market has to be serviced so the only question is at what price. These dudes get bored fat and stupid. The result is shorting a 25 vol line and letting it ride bc they refuse to pay 28 for the other leg of the vertical.

He should start a fund with Karen. TBH picking a delta figure isn’t going to matter. Either you’re a trader or you’re systematically underwriting disaster insurance. He seems to be the latter. He is obviously persistently short naked (hence Feb). My buddy lost $7MM short naked calls in TSLA and...

Only Bernie has mentioned a trading tax and it is why I would abstain in the General if he is the nominee. Anyone who would espouse such a policy has no business being President.

What a great thread.

Losing $25MM shorting puts on SPX but he’s honest about the circumstances?

Right, it's what they all say when they blowup. A recent style drift.

So the BS in Pit Bull about his tape reading, etc. and the fool was simply shorting naked calls.

Trump has over $200MM into Doral and it earned $3MM last year. This after frequenting the club over 20x... with all of the SS and support billed to the govt. The guy is borderline functional (Prince of Whales) and that's a huge compliment.

We're going to revisit this thread in November.

Umm, inheriting $800MM in Bronx and other RE throughout the boroughs? He's been officially partnered with his father since 1972. The dude is worth $1.5B, tops. THIS after shielding assets over five (more?) bankruptcies.

lol depreciation? You don't understand operating losses? The shit that I buy goes up in value. I've got a 810 FICO and never declared bankruptcy... let alone five of them.

Fallacious. Trump runs at an operating loss on 90% of his LLCs; so infinite?

Your fuhrer is an addled, mouth breathing 80IQ blob:

Yes, I see it. With Trenton as the new Morlock capital. Payday loan shops on every corner.

lol you tool. 2019 saw a RECORD trade deficit with China.

You are referring to hoonyocks/hillbillies.