People die at random, but that does not seem to deter the insurance companies from selling life insurance.
was that a black swan for call and straddle sellers in WMT?
- Thread starter SoesWasBetter
- Start date
tastytrade. It is one of their favorite strategies on "high rank IV" stocks.
Didn't work well this cycle with GOOG, AMZN, MSFT, INTC, BIDU etc. - all moving much more than expected.
If we take a late retirement and an early death, we all should be OK.
I love collecting premium like an insurance company sells insurance. But an insurance company will do a min of a test. If you have the slightest thing - for example, you smoke 1 cigarette - you’re a smoker. I’ll sell for premium every week except earnings week. I’ll sell insurance to everyone but the smokers. It’s just easier.
Very easy for some master of the obvious to think that WMT , massive float and all , could not possibly move ,no less go UP 10% in a day.
Wrong.
I think it was Chris rock who said that buying life insurance makes no sense. You are betting with the insurance company on when you will die and you hope they lose.
Indeed. The only people worse than insurance company are life settlement people
There is a price for everything. If you are a smoker, they would still sell you life insurance, it's just going to cost more. You can do the same with options.
