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Talk to me
RE: Down goes the Dow

agip wrote:

Reno Nev wrote:

agip wrote:

Possibly. On the other hand, I have $12 11/23 TZA calls that are currently in the money if pre-market doom holds (in addition to my $11.50 calls). Gonna start writing and selling naked puts on it next! What could go wrong

3x leveraged funds, like trade wars, are good and easy to win

heh hah

this is sad, but not the first or last options fund to blow up. This guy's clients not only lost their entire investment, they owe MORE than their entire investment. Options are not investment tools, imho. Gambling.

It's all gambling. All of it. And we are not the house; we are the marks.

how do people look at a 50 or 75 year chart of the US stock market and conclude that we are the marks?
the stock market is the greatest wealth creating machine ever created. all you have to do is stick with it. I suppose that's not so easy.[/quote]

Talk to me after the meltdown.

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