Boater You clearly do not understand the bucket. He's a hedge fund manager who graces us with his insight in between dates with Giselle and holiday trips around the world. Probably lunches with The Donald and has a brownstone off the park.
Chuck Swindol said in Attitude: "life is 10% what happens to me and 90% how I react to it." There are many holes in funnie's bucket but they won't stop me from wishing you both to have a good weekend. Gotta run and cash a check, today's payday!
Bought puts again - Mar 28 $.55 and lower.
Wiggins, you are wasting your time replying to Barfbucket. Options are higher risk but higher return (% of investment). Barfbucket is too stupid to understand that.
It is simple - I buy puts @ $.55. If the go to $.75 I make around 35%. Let's say I buy 35 puts (cost about $1950 including commissions). When I sell say at $.75 I get $2625 (Say $2600 after commissions) for A $750 profit.
Now to short 3500 shares of BBT I have to put up about $50,000 or so of collateral (half the cost of BBT at $38.50 X 3500). By the time BBT falls $.60-.75 the puts should be worth $.75. So for $50,000 of collateral I make say $1,800.
I consider options an efficient use of money to make short term bets.
Hope all is going well with you.
Let's say you have a job that pays you $20.00 an hour. You'd have to work 37.5 hours to GROSS $750.00. To NET $750.00 you'd have to work closer to 50 hours. That's real time for real money, big guy, not funnie's fantasy. You know, that all about YOU place, where you spend your days pretending while posting to yourself.