LinkedIn Iron Condor Gone bad.
- Thread starter skvaith
- Start date
You can't do anything. But given its at your max loss you might as well hold on to it as its a free option That the stock may rally. You should mentally write off the position.
There is no such thing as adjustments to improve the pnl.
There is no such thing as adjustments to improve the pnl.
it happens a couple of times a week, you are looking for excuses. study the definition of black swan.LNKD's drop wasn't earnings related. I would consider it a black swan event.
Thanksgiving is a black swan for the turkey, not for the butcher. Everyone can be a turkey, once, in his life.
I am not going to be rigorous,
But looking at the chart, such a magnitude,
Doesn't happen once every week, month, or year, neither.
A blackswan is an unexpected and important event that slap our ass.
It could be considered as an ugly duckling ... A small one, however.
Yeah ... A 150% move is nothing close to Black Swans ...
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These words come from the guy you're borrowing the concept to. Have you heard of Taleb ? You obviously don't know what you're talking about.
It doesn't meet your definition.
9/11 wasn't a black swan for bin laden.
But it was a blackswan for you.
Same if you are the turkey.
& you definitely are one.
a turkey being slaughtered does not meet the definition of a black swan event.[/QUOTE] here is the definition which seems to be unfamiliar to posters on this thread.
"A black swan is described as a highly improbable event with three principle characteristics: 1) it is unpredictable; 2) it has a massive impact; and 3) ex post explanations are concocted that make the event appear less random and more predictable than it was."
the laugh is on you for sinking to personal insults. for you that is not a black swan event but a highly predictable part of your character.