You see options buyers are doomed.
- Thread starter qdz2
- Start date
Quote from Minime:
Got to go with futures. 10X margin would serve you well.
You're not allowed to use pin and glue though.
How about using crayons? May I use crayons?
def
Sponsor
Let's see. Exiration day...
Assume I'm long 1000 ATM calls. Assume delta of roughly 50. i.e long 50K shares. Within a few hours my delta is going to be long 100K shares or Zero. What do I do as expiration approaches to manage my risk? Naturally buy or sell stock to maintin my delta position.
The other side does the opposite. It has nothing to do with manipulation - it is just a function of supply, demand and risk mangement.
conspiracy theorists - always trying to take the easy way out rather than use common sense.
Assume I'm long 1000 ATM calls. Assume delta of roughly 50. i.e long 50K shares. Within a few hours my delta is going to be long 100K shares or Zero. What do I do as expiration approaches to manage my risk? Naturally buy or sell stock to maintin my delta position.
The other side does the opposite. It has nothing to do with manipulation - it is just a function of supply, demand and risk mangement.
conspiracy theorists - always trying to take the easy way out rather than use common sense.
def,
They don't call it the "easy way out" for nothin'...
You need only look at AOL today as evidence of our power to manipulate...
Yes, it speaks volumes. Myself, along with the other members of the OSSPMC (Option Sellers' Stock Price Manipulation Committee) met, and decided we would close AOL out within 15 to 20 cents from $15 today. Please do not say I did not warn you.