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“Technologies” is also acceptable.

someone will pay big money for it.

They haven't expired yet. My guess is that an algo ran amuck. it kept trying to print and smarter algo's were happy to sell. This equates to 5% of the notional of the company - it would trigger disclosures the moment they tried to unwind the trade. If one had inside information there are more...

my guess is the big divs are related to rebalancing the ETF's which creates taxable events. (long term and short term gains). and the small divs fluctuate with the holdings divs. Only in the US are div's very stable. In the rest of the world, divs are generally a payout ratio of earnings...

so you don't understand time value of money.

Do you understand time value of money? If so, then how is buying a bond below par an arb?

you said that bankers don't issue bonds below par. That's not true. Bonds are issued below par all the time. Your second paragraph has nothing to do with a bond trading at, above, or below par.

correct, but par means the principal value being paid back, typically $100 or $1000 or $1MM. The price of a new issue can be anywhere. It will only be at par if the pricing parameters work out that way. I'm taking issue with your comment that new issues are priced at par. They rarely are.

I never worked on a bond desk but par is just a made up construct. Companies will choose their coupon payment structure based on a variety of things (like accounting treatment and cash flow assumptions). Investors will favor certain coupon payment structures based on a variety of things (like...

You don’t know what you are talking about. Which option is likely to be mispriced? One where 10,000 people are modelling or one with 2 people modelling?

or a poor “woman” using homophobic slurs to get her point across.

so many homophobic comments! I think you are a man who secretly wishes he were a woman so he can have sex with other men.

your issue isn’t delta. It’s the market makers willingness to even trade at all. The market is 30percent of the spot price. Normally that’s a bad sign. It also means once you are in, there’s no getting out.

mitt Romney did it the sleazy way: putting equity shares in at artificially depressed values. Combs did it via stock picking warren buffet style.

It was a big deal like 3 years ago when the story broke. The guy earned 30%/year compounding over 30 years.

combs wasn’t doing insider trading and his returns have been verified.

yeah. For the last 50 years bonds have endlessly gone up. His new guys have done pretty well so far. not many people here worth 300mm in their rollover IRA’s.

my child will be richer than yours.

Yeah. Exactly. Anyone can do the math. But to create the stream is a proper skill that’s applicable to all forms of investing.

not bankrupt but it had messed with his ability to buy BNF.