Although he looks alone, somebody wants him on the phone.
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Just because you can afford a Lambo, doesn't mean you're smart enough to drive it:
I was going to point that out, but you beat me to it!
Hey I notice also, that on the label it's says for "injection". So doesn't that beg the question: What's to stop Gates and Soros from putting 5g nano-particles in it?
Why does Merck & Co. (a poster child for "Big Pharma", if there ever was one) a leading manufacturer of ivermectin under the Stromectal® brand say this?
Company scientists continue to carefully examine the findings of all available and emerging studies of ivermectin for the treatment of COVID-19 for evidence of efficacy and safety. It is important to note that, to-date, our analysis has identified:
- No scientific basis for a potential therapeutic effect against COVID-19 from pre-clinical studies;
- No meaningful evidence for clinical activity or clinical efficacy in patients with COVID-19 disease, and;
- A concerning lack of safety data in the majority of studies.
I.V. is a mean reversionary number, meaning it tends to return to wherever it was.
The mean can and does change. If one is trading SPY options, the VIX is a good guide. For the VIX the mean was in the low teens for a few years, then maybe the mid-twenties last year. It's sagged down into maybe the high teens lately.
I.V. is basically just telling you whether an option is cheap or expensive. So anyone making directional bets by flipping in and out of puts or calls had better be paying very close attention to where that particular option's I.V. is in relation to it's mean.
Wow, I just came across this:
https://www.yahoo.com/entertainment/zz-top-billy-gibbons-waterworks-003949866.html
Damn...
I thought the FB move was a really good demonstration of how changes in implied volatility can often be more powerful than the price movement of the underlying issue.
Woe to the gamblers using options to make directional bets on price without taking into consideration the effect of implied volatility.
"Sure you can REQUEST a price, but that doesn't mean much."
The heck I can't. They're called limit orders. I can ask more than the ask shown on L2 and sometimes get filled a couple cents even above my limit. That's called "price improvement". Perhaps my broker matched me up with someone who over-bid or maybe placed a market order? I don't know, and don't need to know actually.
I'm guessing Robinhooders never see that kind of execution. In fact, maybe they are me and my broker's victims?
Well, yeah. But someone buying call options when a stock is trading at nosebleed highs, on a FED meeting day, when that company's earnings will be released after the bell is pretty much asking to get sucker punched.
All FB options were going to be overpriced yesterday due to high implied volatility. While we don't have a clue as to which way the share price will go after the release, we do know implied volatility is going to drop. So even if the option buyer is correct regarding the coin flip of short term price action, the I.V. drop makes any long option position (calls or puts) a very difficult bet to win.
With a $20 drop the call holder is zeroed out. But the put holder doesn't win either! Example: If you had bought a $360 put yesterday it would have been $17 out of the money and way overpriced at $3.80. As I type this it's a couple dollars into the money and trading around $3.80. The stock drops $20 and the put is flat! Only in the money or very close to the money (at yesterday's price) are winners.
Bottom line: Long options = very poor odds.
Well, only in that whatever he is experiencing is happening 11 hours into the future.
Have you checked out this band?
Lord Huron.
These kids are interesting:
FB set it's all time high earlier today. So "tanking" is a relative term...
Churchill was, by coincidence, in New York October 1929. But he wouldn't have been laughing. He had been speculating quite heavily in the markets, and he lost a ton in the crash.
I'm the writer. I'm doing the selling.
If I can get 2¢ price improvement, then I don't mind paying commissions. I was worried price improvement would stop with commission free trades, but TD Ameritrade is still giving it to me at probably the same amounts I was getting when I was paying commissions.
That I disagree with. The odds get worse for options buyers because they bid the implied volatility too high. The higher the implied volatility, the more the odds tip in favor of the writer and against the buyer.
Today is a good example. The VIX collapsed on the release of the Fed minutes, hurting the buyers of both calls and puts. The option writer picks the money up off the table and walks away...
Options writers make money selling implied volatility. The idea is to set up a position with a neutral (or at least near neutral) delta and then price of the underlying is simply a marker and doesn't matter in regard to profit/loss.
T/A is only an instrument gamblers use to fool themselves into thinking they know what the market is going to do.
A good trader knows we have no clue what the market is going to do.
Electric airplanes? Hmmm, I may have to join the conversation over there...
Isn't that same guy with the cancelled Brazilian bonds?
What's the ticker symbol?
Clicked! Thanks!!
This is an excellent video on the subject of why the delta variant doesn't seem to be spooking the travel industry:
Oh no they wouldn't!! The Trumpists will say that, since that trio has already been executed at Guantanamo, it's their clones and/or actors trying to trick the Trumpists - and Trumpists would never fall for that!
Look, cat and I have disagreed, (and pretty strongly too) in the past.
And I think he's wrong right now.
But that doesn't mean we have to hate or insult each other.
And, by the way - The answer to your last line is Julia Dent.
"Even your miserable life"
C'mon newmed, that ain't right.
It's possible to disagree and still co-operate.
Without a doubt...
So far, a lot of spectacular lightning to the south but not a drop of rain...
Yeah, there is lightning marching around as I type this. The locals call it the monsoon.
I was in Phoenix yesterday. It was 112 degrees.
I'm In Tucson now. A lot cooler here. Only 100.
Using options for directional bets is a gamble with poor odds.
I don't know what the market is going to do. But I really don't have to. I sell low delta/high theta.
While I have no clue what the market is going to do, I know which direction time goes. And that implied volatility at the mean will depart from it. And when implied volatility has departed from the mean, it will return to it.
Because placing a stop guarantees one will sell their position at about the time one should consider legging further into it.
Now with that said, this needs to be said as well: Making directional bets is straight up gambling with poor odds.
Making directional bets by buying calls or puts is straight up gambling with even worse odds.
I don't believe he's talking about flipping in and out of individual stocks. He's talking about selling options premium. It's actually a very safe and conservative way to boost investment yield.
A sell signal is a spike in implied volatility, which is generally associated with a down market. What you are essentially doing is acting as a counterparty to the "slobbering gambling addicts" who are abusing options by using them to amplify risk when making directional bets on the underlying security.
And don't tell me Buffett doesn't work that business. Gen Re and Geico come to mind...
And those are jobs with companies that make money.
Considering that ZNOG has yet to make it's first penny, executive salaries seem rather generous.
Apparently so, just ask Howard Hughes.
And "MJ" is Michael Jackson.
Until last November that was a really good board. Catdaddy has excellent musical tastes.
The board had originally been the DJTC discussion board for the defunct Trump Casinos Corp.
It morphed into a political board and somehow become linked to the quote stream for the Dow Jones Transport Index (DJT).
I-Hub doesn't allow politics on free zone stock boards. Looks like they've not only closed it, but moved it to "The Lounge" and unlinked the DJT ticker.
That's pretty obviously one that I-Hub had let "slip through the cracks".
Oh no. I can't unsee that...
It's all about personal choice. You can believe in conspiracy theories, or you can be delusional.
The important thing is that the choice is yours...
Yeah, I would have attended myself, but since I got the jab all the kitchen utensils come flying in that direction...