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We hit the breaker in 2016 when trump was elected. Futures were stuck at -5 (until they recovered throughout the morning) I believe we hit a breaker in late 2015/early 2016 as well. I remember talking to my business analyst about it.

Fx and commodities are used 24 hours x 365 days. Those should trade around the clock. Interest rates too as real money transactions happen in all currencies around the clock. Individual stocks have limited information outside of earnings. Around the clock trading will just all for market...

He lost 40k. What costed him “400k” is what made him 400k in the first place. you don’t just stop. Otherwise he would have stopped at 50k or 60k.

I poorly worded my post. I meant the counter to the argument you posted (but didn’t make).

at the end of the day if you don’t or aren’t going to get a dividend or aren’t going to get your capital back, the ownership in the company is worthless. the counter to your argument is that the officers of companies that have to maintain dividend payouts are more prudent with their cash.

and it will increase unemployment by 3x. Automation everywhere!

Took you long enough.

the math is in the forecasting of vol and perhaps in the understanding of the partial derivatives that make up the taylor expansion of the generalized black scholes model. but it’s nothing a mechanical engineer or physics majors couldn’t figure out. the application of it is the harder part.

Another observation. Another reason it pays to go to a fancy private school. That was not like any dining hall I went to as a kid.

you are arguing with a guy who doesn’t believe options trading is profitable but is trying to prove to you that options trading is profitable.

I was waiting for him to keel over with a heart attack. It’s not just his brains. He built a brilliant organization.

amazing isn’t it? You would think active trading would be push but it’s not.

I think that is the edge: The volatility risk premium. On a philosophical note, With the financialization of our economy, so much of everyone’s earnings is the monetization of risk premium.

there is. But it may not be enough to cover your cost of capital.

Trading options is about how you look at them. If you look at them wrong, you will likely lose. If you look at them "right" you will likely find ways to make money. At the end of the day you have to have a view on direction or vol and then find the option structure that best expresses that view.

remember when wanted the Supreme Court to hear Donald trumps specious election fraud case because your feelings were hurt.

In LTCM it did come around. They just weren’t alive to see it.

without the ticker this is a waste of everyone's time. they will spend hours speculating because you couldn't write three letters. If you don't want to share the ticker then figure out the arb situation yourself.

A week.

nor me. I was shocked when I had read that the PE firm that bought yahoo really turned it around.