Kudos to MMs

nitro · Mar 25, 2013

Quote from Rearden Metal:

Great! I'll be generous and give you even money on a binary touch option, $SPX to hit 1520 by the end of the week. With a 75% chance, this of course is the opportunity of the year for you.

So how much are you in for? $1,000? $5,000? Unless of course you were just talking out your ass...

Well, I will take that bet I will buy your binary touch option at 1520 and sell you one at 1572. Deal? $1k?

Rearden Metal · Mar 25, 2013

Quote from nitro:

Well, I will take that bet I will buy your binary touch option at 1520 and sell you one at 1572. Deal? $1k?

You're not bluffing? Because I'm sure as hell not.

I have no interest in 1572 though.
The deal is: Binary option, $SPX hits 1520 by the end of the week. You have touch, I have no-touch. $1,000.

Are you in? Remember, this is not a joke, and not theoretical. We can settle up over the weekend- loser travels out to pay the winner. Or better yet, we use paypal. If one of us welches, all of ET will know about it.

nitro · Mar 25, 2013

Quote from Rearden Metal:

You're not bluffing? Because I'm sure as hell not.

I have no interest in 1572 though.
The deal is: Binary option, $SPX hits 1520 by the end of the week. You have touch, I have no-touch. $1,000.

Are you in? Remember, this is not a joke, and not theoretical. We can settle up over the weekend- loser travels out to pay the winner. Or better yet, we use paypal. If one of us welches, all of ET will know about it.

I already have a position that makes money below 1541. I will buy the 1520 BT in addition if I can sell something against it. Not otherwise.

Rearden Metal · Mar 25, 2013

Quote from nitro:

I already have a position that makes money below 1541. I will buy the 1520 BT in addition if I can sell something against it. Not otherwise.

You're really going to pass up a 75% chance to double your money?! I'm shocked!

nitro · Mar 25, 2013

Quote from Rearden Metal:

You're really going to pass up a 75% chance to double your money?! I'm shocked!

I see your point. But the opinion stands.

Rearden Metal · Mar 25, 2013

People always call me egotistical, and of course they are correct. But is that really such a bad thing? If you had any ego at all, you would have never put a 75% chance on something and then refused an even money bet. It doesn't look good.

arbs-r-us · Mar 25, 2013

Quote from Rearden Metal:

People always call me egotistical, and of course they are correct. But is that really such a bad thing? If you had any ego at all, you would have never put a 75% chance on something and then refused an even money bet. It doesn't look good.

He's broke, destitute and working 18x7 (his own admission). Hardly worth the hard drive space to store his comments.

Rearden Metal · Mar 25, 2013

Quote from arbs-r-us:

He's broke, destitute and working 18x7 (his own admission). Hardly worth the hard drive space to store his comments.

But he doesn't mind it one bit, and for that I sort of envy him.
You see, Nitro is the single most optimistic grown man I have ever met. For real.

...and I find his comments rather useful. I'll pay attention to anyone who can call trades that are usually right or usually wrong with any consistency. It's only the ones with predictions that are right about half the time who are useless.

trendlover · Mar 25, 2013

So nitro think he have 25% chance to lose $1000.00. He want to hedge with 1572 touch to the end of week?
What if nitro say 1561 touch to you Rearden? Will you bet that?
I am curious

Rearden Metal · Mar 25, 2013

Quote from trendlover:

So nitro think he have 25% chance to lose $1000.00. He want to hedge with 1572 touch to the end of week?
What if nitro say 1561 touch to you Rearden? Will you bet that?
I am curious

1561 touch? Why not... I'd probably take it. (It was higher than that today already.)