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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (34730)10/28/1998 7:06:00 PM
From: accountclosed  Read Replies (2) of 132070
 
Thanks for the private answer.
A great series of questions and answers this evening on the thread. Started off by tippet's excellent question.

I understand that you have an options trader's mentality and can perform these mental gymnastics on combinations much more quickly than most of us. Can you clarify again for us, how on straight speculative options positions, like long puts, how you chuck Black-Scholes and just get the direction of the stock right? It seems like a leap of faith to me, especially during times like the last month when implied (and actual!) volatilites are so high.

Thanks,

Paul
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