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hornhorn

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Everything posted by hornhorn

  1. hornhorn
    OK, so that the rest of us understand you better what do you consider highly educated and what do you consider to be middle class(as in earnings for a family of 4)?
  2. hornhorn
    What he wants for that person is a perfectly safe desk job with a computer that he/she cannot operate crunching numbers he/she cannot calculate. Is that too much to ask?????
  3. hornhorn
    You're also assuming that if only we taxed Bezos 90% of all his money, and then spent that money into jobs program or something like that Cletus' life is magically going to be better. At some point we have to realize that Cletus cannot be helped. Cletus(a lot by your own admission) is going to be Cletus no matter what. We offer him help with food stamps and WIC or whatever other welfare Cletus can get himself on but that's about it. He isn't a victim of the system but bad to terrible parenting. There have always been Cletuses in Ada, Houston, Baltimore and there always will be. Absolutely no sense in throwing good money after bad.
  4. hornhorn
    -0.01 for calls and 0 for puts.
  5. hornhorn
    Is it opposite day?
  6. hornhorn
    Fair enough. This isn't a set trade either. You can manage this trade as you move along unlike derivatives with stocks. You can wait around a month, say Feb 7th and if VIX hasn't spiked to your liking, you can move this trade another couple of months and set the same strike prices for August expiration. You may lose some theta but it isn't going to be much since the likelihood of VIX being lower than 12.56 is low. But you do that knowing that VIX has to spike at some point, its a certainty. And when it does, even in low twenties(which is where the VIX hovered all late July, August and early Sep 2019) you're going to see ridiculous returns. Like, few times your net investment.
  7. hornhorn
    It isn't the best situation but about 20% of our jobs are in service industry that require employees badly. They don't care about GED or high school diploma as long as you show up to work on time and sober 4 times out of 5. But not having a high school diploma correlates with decrease in sobriety as well. So....
  8. hornhorn
    Well, you can't say that things work exactly opposite of what I said and then say this. I'm offering you actual market prices with real timelines and an end result. When market starts to tank and volatility picks up VIX will go up and although corresponding option prices may not jump like stocks but a 3 percent correction in the market means a massive change in the VIX which results into a change in options pricing. Profit.
  9. hornhorn
    Uh no they work exactly as I said they do. VIX closed at 12.56 on Friday, a 12 handle is one of the lowest points it has been since early 2019. In the last six months it has been as high as 23. I'm aware that it has hit 11 something as well but this is still pretty low. A contract for 17 call that expire in June 17 2020 is going for 2.55, let's say you buy 100 contracts: 10,000 X 2.55= 25,500. This is what you'll spend. A contract for 17 put that expire on June 17 2020 is going for 2.30, let's say you sold 100 contracts: 10,000 X 2.30= 23,000 This is what you'll receive. Net you spent $2,500. My bet is that VIX will spike up over 20 within the next few months at the very least, I'll remind you when it does and where these bets end up. Oh btw, it doesn't have to hit that high to make money. VIX can go to 15 next Friday and these trades make a great return. Why don't we wait until May and see where this ends up. Cool?
  10. hornhorn
    Iran:
  11. hornhorn
    Glad you like it!
  12. hornhorn
    Oh please, Michael Scott has her beat by a few years and a better system:
  13. hornhorn
    I listened to this a couple of years ago, its worth a listen if you're in this sort of thing: https://www.crimetownshow.com/episode-1
  14. hornhorn
  15. hornhorn
    That money flow was occurring even before the collapse and has been occurring since. You seem to under appreciate the word trillion. $29 trillion is a huge number, its larger than the US GDP. If that was the size of the bailout the top 100 wealthiest people in the world would all be bankers the poorest of them at a net worth of $250 billion. Two and a half times wealthier than Bezos today. That isn't the case. We as a human race have figured out that a static dollar serves no purpose which is why it needs to be repurposed while sitting idly in a bank account somewhere. You're looking at it as a conspiracy against the poor. It isn't.
  16. hornhorn
    Did you read the paper? The amount you're parroting is the cumulative facility(as in repo facility, auction facility, SWAPS, etc.) to make the money move, not the actual bailout. To have an expanding economy, Federal reserves of all countries have to back central banks with cumulative facilities. Actual bailout loans still stand at $245.2 billion which were paid back, with interest.
  17. hornhorn
    Trillions? It was $245.2 billion forcibly LOANED to banks to accept toxic assets. Also $245.2 billion isn't trillions. Not to CR it but your Math is Bernie level off. This intentional multiplication of numbers is deceitful. An extremely left Source: https://projects.propublica.org/bailout/
  18. hornhorn
    FED buys securities when it wants to increase the flow of money in the market. It does the opposite when it wants to reduce the flow of money. By buying this newly created treasury(as debt) from a Bank what it does is it allows that Bank to loan a partial sum(because some of it has to be held to maintain the capital reserves) of those treasuries to lend to other banks at Fed funds rate. This allows those other banks to lend that money to entrepreneurs, companies etc to open new businesses indirectly creating jobs. Hopefully this helps.
  19. hornhorn
    As if it was ever in question. Biden is going to win it all, ridiculous ideas pipedreams land you in the back of the bus. And forgotten, buh bye Liz, Yang, etc.
  20. hornhorn
    They have 99% conviction rate so they know what they're getting into.
  21. hornhorn
    Only with numbers.
  22. hornhorn
    Amongst other options, I'm surprised that no one has mentioned using the VIX to hedge against eventual downturn. You could buy long dated VIX calls and finance that purchase with selling similarly dated and slightly lower priced VIX puts. When the inevitable downturn occurs, the volatility will spike and increase the value of your calls(you sell those) and decrease the value of your puts(you buy those back at a lower price). Profit.
  23. hornhorn
    Dude, not cool. He actually has a rare blood disorder.
  24. hornhorn
    Someone from Prosperity bank should actually watch their commercials before airing them.
  25. hornhorn
    Gundy is a pussy.

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