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- Thread starter Arnie Guitar
- Start date
Check out the Moron Index:
http://finance.messages.yahoo.com/bbs?.mm=FN&action=l&board=7078727&tid=mo&sid=7078727&mid=419463
They're all Long stock/ short puts.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=l&board=7078727&tid=mo&sid=7078727&mid=419463
They're all Long stock/ short puts.
Short naked Synthetic calls? Into a court decision? LOL.
I know that sounding cryptic is a pastime of yours, but when <b>even mav</b> can't make out what you're trying to say, perhaps it's a bit overdone?
That could mean: Short puts & MO underlying, at a ratio of 5 puts for every hundred shares of MO stock short. It could mean plenty of other things too.
That could mean: Short puts & MO underlying, at a ratio of 5 puts for every hundred shares of MO stock short. It could mean plenty of other things too.
Quote from Rearden Metal:
I know that sounding cryptic is a pastime of yours, but when <b>even mav</b> can't make out what you're trying to say, perhaps it's a bit overdone?
That could mean: Short puts & MO underlying, at a ratio of 5 puts for every hundred shares of MO stock short. It could mean plenty of other things too.
What's the fun in that? 5:1 favoring options. Selling 5 puts for every -100 deltas in stock.
Shorting the puts and the stock.
Man, you guys got brains AND "stones".
Stock goes down....Gain on the shorted stock
Stock goes up....Gain on the shorted Puts
I wish knew how you arrived at that ratio of 5:1.
Then there's the dummy question of why not short some calls instead of the stock.
I know, I know, hard work, study, discipline, years of experience.
Brains and......ah well, you know.
Man, you guys got brains AND "stones".
Stock goes down....Gain on the shorted stock
Stock goes up....Gain on the shorted Puts
I wish knew how you arrived at that ratio of 5:1.
Then there's the dummy question of why not short some calls instead of the stock.
I know, I know, hard work, study, discipline, years of experience.
Brains and......ah well, you know.
Arnie, the vols are 130% on the 65p. I only sell otm curvature in these situations. The 5:1 ratio only provides a $3.00 upside-cushion on the shares. I'll need to increase the ratio or scrap it. Short calls are never a good hedge.
The atm straddle at 500 doesn't look too shabby for a spec.
The atm straddle at 500 doesn't look too shabby for a spec.
As of now, up a buck in pre market.
bid 75 ask 75.26
6,000 shares
bid 75 ask 75.26
6,000 shares
I almost forgot,
Thank you for sharing your knowledge and the advice.
