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  1. mervyn

    Free left tail convexity. Am I kidding myself?

    Not if pocketing premiums is the objective of the game. If just for protection, why 2.5 delta, not 10-15 delta. When was the last time SPX at 2800?
  2. mervyn

    Brazilian Treasuries? 10y Yield 12%

    21-Day 912796X53 05/25/2023 6.200% 6.326% $99.638333 Just remember, if you are benchmarking with Ts, 12% is not a good risk number. Just bought 21 days T today at an investment yield of 6..326%
  3. mervyn

    Free left tail convexity. Am I kidding myself?

    My experience has been not worth the effort, while profitable, started trading 3-5 SPX 8-12 delta on weekly and monthly since 2018, one or two bad trades will knock you out cold. That's why I swiched to futures.
  4. mervyn

    Tesla 2023

    Tell me more about Ford. When will it come back to $16? I got 300 shares assigned for more than a year now, still in red.
  5. mervyn

    Brazilian Treasuries? 10y Yield 12%

    Typo on iPhone. Yes you need to hedge, currency, interest rate, and now inflation. Retail traders shouldn’t trade large amount because retail can’t get swap agreements. 12% can be easily wiped if the currency depreciates the same amount.
  6. mervyn

    Brazilian Treasuries? 10y Yield 12%

    yes but you need to count the cost of pretecting your local currency hence the perfect asset swap.
  7. mervyn

    Tesla 2023

    That's rumor, I seriously doubt Elon will ever sepnd anything more than a token on traditional media for car sales pitch. Last time he put a Tesla on a rocket, wasn't that cool enough for the Gen Z?
  8. mervyn

    Palantir PLTR

    have you seen their software anywhere? I have not, so why am I holding it if one can buy other saas platform?
  9. mervyn

    Palantir PLTR

    not interested in this, had this meme around 25-40 range, didn't make a killing but once the hype is gone, left holding bags.
  10. mervyn

    What's so good about Micron Technology (MU)?

    Micron was behind that bill directly, the Chinese gave back a middle finger. https://www.nytimes.com/2022/12/15/business/economy/us-china-biden-security.html On Thursday, Congress passed a military bill including a provision that will prevent the U.S. government from purchasing or using...
  11. mervyn

    Free left tail convexity. Am I kidding myself?

    what is 2.5 delta?
  12. mervyn

    Brazilian Treasuries? 10y Yield 12%

    People do trade those bonds, but they subsequently entered a PAS.
  13. mervyn

    TLT: "Yield" vs "Yield to Maturity"

    tlt is 20 yr treasury, measuring with 30 days is nonsense. at 101 or below 100 is probably a good entry point.
  14. mervyn

    favorite cell phone game

    temple run
  15. mervyn

    Which way? China

    Reads like British East India Company, China No 1, China No 1, when you got killed in FPS games.
  16. mervyn

    Tesla 2023

    That's why pure EV play has higher valuation than the traditional car makers.
  17. mervyn

    Tesla 2023

    that’s right, higher high but need hedge. I got lot of nvda. More AI chips, demands are good. OpenAI bought 30,000 nvda high end chips for modeling. But car is consumer durable, hard to compare buy it can beat all the gasoline car makers.
  18. mervyn

    Tesla 2023

    amd 535, nvda 178, that’s 4 generations, your great grandkids’s kid.
  19. mervyn

    Tesla 2023

    gee, check semi p/e lately?
  20. mervyn

    Tesla 2023

    My first car was my uncle’s Toyota camery from 1980. It ran its course to 200k miles. Second car was a small Mazda, utilitarian, nothing special. Then there is Sony and camera makers, but mobile phones w will kill it at some point.
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