Open Thread

TRADING CONCEPT FOR THOSE SEEKING WEALTH

(Caution: If you have no idea what I am talking about, Study this subject intensively before putting your own money at risk)

The volatility in the stock market is setting up for what is known as a :”Gamma Trade”. The basic idea is that the week of option expiration (starting May 17), Option pricing is extremely sensitive to changes in price (Delta) in the underlying. For example: If the market continues to get punished going in to expiration, and there is a possibility of a relief rally, a directional call option play with only a few days left to expiration, can explode to the upside.

This is a low probability, high reward strategy. Look to carefully limit the downside risk. My favorite vehicle for this gamble is the QLD.

If there is interest, perhaps I will post further on this topic as we get closer to May 17.

Well, he was right, cobble. MM did mention it last week. Don’t get your knickers all in a bunch so early in the A.M.

UGH! the early morning birds in brooklyn sound worse than those church congegrations everyone complains about! i cant wait til it’s hot enough so i dont have to hear their busted voices. i cant even identify what kind of f’ed up birds these are, but there’s all different kinds, and they all sound horrible. im not anti bird, i love pigeons, but it’s these little ones that you never see but you always hear! at least when you hear pigeons in an airshaft making their noise it’s authentic city life, but i wake up in the morning and i feel like i just woke up in well, i dont know, but it’s so odd. does anyone else have this problem? is there a way to shoo the birds to another block with a repellant or whistle?

*rob*

Cobble, not yet.