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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: edamo who wrote (57590)4/27/1999 1:05:00 PM
From: yard_man  Respond to of 132070
 
>>seller always eventually wins<<

:-)



To: edamo who wrote (57590)4/27/1999 1:10:00 PM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
Ed, your trading style will work if you are uncannily accurate in estimating future implied volatility, or if you are right about the long-term trend of the underlying. If you are wrong on both counts, your strategy likely will merely cushion the blow. Our argument on the Dell thread based wholly on your tendency to make absolute statements like seller always eventually wins, which is untrue on its face as written. Replace always with usually and there's no argument. -mb



To: edamo who wrote (57590)4/27/1999 1:12:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
Tell that to the guy that bought CPQ from me at 30 - 4 days from April expiry. Heh heh heh ...

He probably thought he had a few more days. One day you think -- I'll roll 'em forward -- hasn't gone my way -- then whoops, you get an early exercize. This happens occasionally on deep ITM puts.