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  • Wrote Puts last week at those high IV's. It was, what it was ..;-)

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    • Hi Doc,
      Would you mind sharing your VIX trade?
      I'm trying to understand why you wrote puts when the underlying was high last week ( in the 20's)... Wouldn't it make more sense to write the puts when the underlying is low but you anticipate a rise?

      Thanks,
      Igster

    • "The President is a powerful, powerful man."

      Nothing against the President, but with our system of government it takes two to tango. Actually, three.

      In fact, I'm wondering if this system which has served this country so well in the past is not becoming dysfunctional. Parliamentary democracies with multi-party systems may depend on stretched coalitions but the coalition members have a vested interest in finding consensus rather than in continuous destructive political warfare.

      • 1 Reply to ephort
      • the power comes from getting your way in such a system, and the impressive part is that it does something impossible

        btw, we do have a multi-party system. but the two that dominate are polar opposites and have attracted around a crucial dichotomy, people vs. money. other parties are left with fringe issues, which can't attain the gravitas of those two. it won't change unless the main two somehow get sidetracked and the public can be mesmerised by a charismatic issue. but like in the past, eventually the crucial dichotomy resumes its place of preeminence, even if the names of the parties on each side of it change, and even if one of the parties switches sides. at least until people finally defeat money. we thought we had the problem licked when we kicked the king out of our lives. but it turns out he was just the most diseased among us, not the disease.

    • Hi Doc, yahoo won't let me reply to your other post, thank you for the explanation, VXX looks scary on the chart, it reminds me of NLY ;) I won't touch it with a six foot pole....
      Igster

 
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