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because you made the specific point to an illustrative example. If you are going to argue pedantic points, at least use some logic.

Disney has all but killed National Geographic. I read somewhere the magazine is about to be discontinued. Like google did to zagats

The guy is a bozo. Ignore him.

If you need to know what will happen, how do you trade? Are you being pedantic for no reason? @longandshort why do you post here anymore? The site is full of bums who are looking for handouts but wouldn’t realize if you handed them a 100 dollar bill.

this wins the best post of the day.

A smart (and infrequent) poster, who trades vol professionally, said he reinvents himself every 10 months. It resonated because I always said that too.

His desk made 30MM/year using bank capital, market access, and bank level research. His payout on that is a tiny tiny fraction of that. That 30MM is a gross revenue. There's millions of dollars of costs the firm incurs to earn that (back office, mid office, etc, loss leading lines of business...

90%+ of retail traders lose because they don't have an edge in predicting the future. The markets are competitive and so implied values (whatever they are) will be pretty good at predicting the future (which is why so many people don't have an edge). But they aren't perfect at predicting the...

Insane is a qualitative term, but he’s running substantially more beta than the market.

gross capital is an additional limit as it affects balance sheet. this will be a significant issue when you are trading 500,000 contracts at a clip

i get a gross position value of 270,000 approximately for 10 (1000 shares) condors 70 75 80 85.

so is the Goldman Sachs and the J.P. Morgan. mike Reilly really shit the bed on this one.

He either used insane risk, insane turnover, likely both or he got extremely lucky (like buying 10,000 bitcoin for the price of a pizza)

I spend thousands a month at DoorDash. I’ve never gotten that message. A few of the drivers know me now. But I tip the cheapest and I always seem to be the second delivery stop. Dealer prices vary because they compete for your business. It’s the opposite of what happens with Tesla. The reason...

is this a really dumb attempt at a haiku?

they will also want the 9700 as collateral.

+1. my friend at citadel said they are redoing all their algos now. It’s all hands on deck there to update the models before tomorrow morning.

there are lots of people sharing pieces of trading strategies publicly and privately on this site for free. The posters on this thread are unable to see it. Instead they focus on these “gurus.” While those that do, are busy earning. It’s pretty sad. Over the last 11 years, I’ve made a lot...

If you’ve ever ordered a Tesla it’s a surprisingly dirty feeling process, even if the prices are fixed and the options are limited. I cancelled my last order because of this. in the future I bet Tesla becomes just like every other car brand, except all the dealers are company owned. Right...

there’s a proposed Tesla dealer opening in my home town. I don’t know the details. It might be a third party just selling electric cars and charging services.