Do Option Sellers Have a Trading Edge?
- Thread starter xelite777
- Start date
How did this discussion end up being about gold and inflation and fiat currency (ala zerohedge material), from a discussion originally about options?
There is inflation. As for the things I care about, the inflation rate is much higher than 3% annually as far as I can tell. I dont care what CPI figures show because every honest economist knows CPI is farce anyway. My bill payments are increasing steadily.
I also don't care what people say about gold on the bull or bear side. People liked it when it was rising, and they hate it when its dropping. Typical late to the party, trend following muppet armchair quarterbacking.
Fiat currency will never be backed by gold, at least not here. Other countries might do that, and then the influence will then trickle down to our side. Enough said. Hence why people with truly long term global view in investing are still buying and holding gold. You may not like it for whatever reason (e.g. thinks gold is anti-stocks and youre generally long stocks even though its just a farce storyline fed to muppets), but your opinons also don't matter. People who hate gold have hated it for a decade while it continued to climb. The bulls continue to love it even though it had a massive hit last year. You can't change the view of stubborn donkeys on either side.
Ok lets go back to options!
There is inflation. As for the things I care about, the inflation rate is much higher than 3% annually as far as I can tell. I dont care what CPI figures show because every honest economist knows CPI is farce anyway. My bill payments are increasing steadily.
I also don't care what people say about gold on the bull or bear side. People liked it when it was rising, and they hate it when its dropping. Typical late to the party, trend following muppet armchair quarterbacking.
Fiat currency will never be backed by gold, at least not here. Other countries might do that, and then the influence will then trickle down to our side. Enough said. Hence why people with truly long term global view in investing are still buying and holding gold. You may not like it for whatever reason (e.g. thinks gold is anti-stocks and youre generally long stocks even though its just a farce storyline fed to muppets), but your opinons also don't matter. People who hate gold have hated it for a decade while it continued to climb. The bulls continue to love it even though it had a massive hit last year. You can't change the view of stubborn donkeys on either side.
Ok lets go back to options!
Specifically what setup?Thinking about some options spreads on GLD
Buy 150 JAN16 Call. Cheap Theta , Vol cheap also, Nice risk/reward.
1. What's the store of value in this case?
2. I understood that. What's the point? That silver is a store of value? Great, fantastic and otherwise wunderbar! I am not going to agree or disagree with you on this as this has nothing to do with the actual discussion. Point is that some people think silver is a store of value, others prefer Picassos or houses. Either way you can freely take your medium of exchange and use it to purchase stuff that you believe is a store of value. Why on earth do you want to force the medium of exchange itself to be a store of value?