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That's exactly what I was looking for. If you didn't copy it out of the book, congrats. :) (Man... I REALLY want to get to a point where I can just look at a trade and see that, rather than having to grind through it mentally.)

Yah... as you were, carry on. BTW, anyone can back up a big rig to any of the NYC water supply lakes and dump, say, 40 tons of cyanide into it. Or rent a small plane and disperse, say, Anthrax-836 over L.A. Or use drones to scatter a few thousand incendiaries all over the refineries in Port...

Yeah - yours. Prove that this is more important than all other possibly-catastrophic events.

No. We don't agree. You've missed the entire context of the point I made, and I don't really feel like going over it again. Would I resist? I wouldn't care in the least if someone decided they wanted to do so. Dipping into the government budget because somebody chose to panic over this ONE...

[LOUD sigh] Fellas. That's what we in the biz - back when I was in US Army MI, doing this kind of infrastructure attack scenarios - call "security theater" (focusing on just one possible threat, then expending a hugely-inappropriate amount of resources on it.) Let me clue you in: There are...

Yep. Definitely was an eye-opener for me WRT synthetics. And now that I think about it, it also starts with an options thought exercise: QQQQ is trading at 37.30; the 36 call is going for 1.70 and the 39 put is going for 1.90. A trader buys ten of each. Obviously, this is a good position if...

Thanks, @MrMuppet . It'll take me a bit to integrate whatever I can from it, but this was very educational - and wraps pretty well around the exact thing I want to get to.

Woohoo! :) Thank you - I'm pretty jazzed about that. Awesome! Can't wait to see this play out...

Looks like it's trading 55, with an IV of ~0.195. And if that's the case, then the 60 calls are overpriced almost double, while the 65s are underpriced by nearly the same amount. "Some guy" aside, I'd be wanting to sell a bunch of those 60s and wing them off for a nickel per lot. :) As to...

Hard to say... we tried surveying the mouse demographic that uses psilocybins recreationally, but they couldn't be arsed to put down the plate of brownies and get off the couch. [shrug] I guess the science on this vital issue will have to remain cloudy. (Sorry about the thread drift, dest...

Awesome - thanks! P.S. Notable: "Mice injected with low doses of PSOP extinguished cued fear conditioning significantly more rapidly than high-dose PSOP [...]" This replicates the results from a lot of other research; low doses have a greater effect in a number of scenarios. Dammit, now I'm...

If you happen to pass through southern Colorado this summer, I've got a spot for all the P. cubensis (and A. muscaria, if you like those) you could ever want. Oddly, despite being a major mycology geek/fungivore, I've never indulged in either - although I keep meaning to "one day soon". I've...

Yeah, but then I'd have to, like, publish the entire Codex Gigas^WDestrierus (do you even know how tough it is to illuminate one of those things? The monks don't work just for communion wafers, y'know) and split the proceeds with him. Not that I'd mind, but he'd get insulted by the piker change...

In the interest of continuing to compile my mental "Destriero dictionary" (at least I knew what "SN" and "ppl" were, and understood the process description!)... :) What does "stress at neutrality" mean (or just "stress" more generally)? Something like "calculate the P&L at maturity based on...

No, this site is for people who think about finance. That includes investment, as well as many other aspects of it. You're starting to get pissy because you're not hearing what you wanted - in fact, you're being told (correctly) that you made a very poor trade. Good enough; if you wish to drive...

There's a number of factors, but here are a couple of big ones: To put it simply, IV is directly correlated to both the price of the option and the range of movement of the underlying (expected move.) Obviously, you want to sell high and buy low - and since you're normally selling at some...

Damn, I love being here sometimes. Seriously. Thank you, @taowave and @destriero both... there are still people in this world who a) know their shit and b) are willing to keep saying it until at least some of us get it. Really, really grateful to you guys.

What... losing money as compared to the broad market? Taking on risk for a fraction of the normal price? Earning not much more than a bank would give you? I don't think so. Covered calls - when entered with good criteria and an understanding of the risks they entail - yeah, maybe. But without...

:D Dude, I appreciate you as much as anyone on this site, but... c'mon. To most people, even the basics of finance are magic. Add a little slick verbiage, and they go right into zombie mode. Hell, there's a ton of "options gurus" out there that make a living off people who think they're traders...