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bucolic_frolic

(55,166 posts)
43. I recall them being discussed on CNBC in the 90s
Tue Nov 16, 2021, 01:40 PM
Nov 2021

You really need loads of capital for a broker to allow you to write naked puts. It was discussed about a stock that plunged to around 45 from 90 if I remember correctly. Someone wrote the 40 puts which brings in premium (money), and then invested that cash into 55 calls. So when the stock bounced to 60 from the crash, they made a bundle. And they hadn't put up a dime. So it was someone who really knew what they were doing and had the assets to back it up. Because if the stock went to 30, they'd be on the hook for 15 points.

Also it was common to hear about long call option positions where someone seemed to know of a takeover, and sure enough they nailed it. SEC would investigate and find the owner at an untraceable Cayman Islands PO Box. Nothing more would happen.

But with crypto, I'm sure the whole system is cleaned up now.

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0 members have recommended this reply (displayed in chronological order):

'owning the Dems?' elleng Nov 2021 #1
that's my take. Demovictory9 Nov 2021 #2
Need to add NJCher Nov 2021 #4
it's not sarcasm Blues Heron Nov 2021 #18
"Owning"? no_hypocrisy Nov 2021 #6
It's about flu shots. gab13by13 Nov 2021 #11
OK, my bad. no_hypocrisy Nov 2021 #12
I had a Covid test before I got the flu shot gab13by13 Nov 2021 #21
Things have evolved so much with covid.who knows. I distinctly Laura PourMeADrink Nov 2021 #28
The 2 tests now run off the same swab AllyCat Nov 2021 #36
As a lifelong Democrat PJMcK Nov 2021 #14
I Maybe they should just stop getting medical care for everything. Kablooie Nov 2021 #3
They will be the first ones taking up hospital beds if the flu makes them very ill. Irish_Dem Nov 2021 #25
I got mine yesterday John Ludi Nov 2021 #5
Equivalent to naked puts, freebasing, DUI, unprotected sex bucolic_frolic Nov 2021 #7
LOL....Naked Puts... ashredux Nov 2021 #9
It's what uber-wealthy dudes who live in castles do bucolic_frolic Nov 2021 #13
Not the really Big Boys...mostly people who have a "Gambling Mentality"... ashredux Nov 2021 #15
what is it?? Never heard that term before Evolve Dammit Nov 2021 #16
Which term? bucolic_frolic Nov 2021 #20
"naked puts". It was explained by another poster! Evolve Dammit Nov 2021 #42
Naked puts is new to me, too PJMcK Nov 2021 #31
thanks. I am now enlightened. I was thinking golf! Evolve Dammit Nov 2021 #41
I recall them being discussed on CNBC in the 90s bucolic_frolic Nov 2021 #43
This message was self-deleted by its author ashredux Nov 2021 #10
If Ivermectin was good enough for Jesus, it's good enough for me! ExciteBike66 Nov 2021 #8
Come on! Nobody owns me! BlueJac Nov 2021 #17
It is reaching Monty Python level of ridiculousness Walleye Nov 2021 #19
They have no well-intentioned leaders to tell them what Laura PourMeADrink Nov 2021 #33
It's been the argument sketch for a few decades now. plimsoll Nov 2021 #38
Good thing I got mine. Live in rural GOP land. appleannie1 Nov 2021 #22
Republicans have created a monster. They are killing their own base. Lonestarblue Nov 2021 #23
At this point in time I'm okay with Republicans owning Democrats. LiberalFighter Nov 2021 #40
What's wrong with 40-44% of Republicans? Don't they love America enough to needlessly get sick? Bucky Nov 2021 #24
It is not about love, it is about hate. Irish_Dem Nov 2021 #26
They love America, they just hate the people Walleye Nov 2021 #35
Owning the Dems by Killing Republicans American Interregnum Nov 2021 #27
The biggest reason this concerns me is that tavernier Nov 2021 #29
GOPlague, the disease-carrying party that calls everyone commies traitorsgalore Nov 2021 #30
I think we have to be careful not to lump all Republicans together on this subject Laura PourMeADrink Nov 2021 #32
Personal FreeDUMB on display. NoMoreRepugs Nov 2021 #34
... Celerity Nov 2021 #37
I got my flu shot last month. nycbos Nov 2021 #39
Thinning the herd. ratchiweenie Nov 2021 #44
I think Republicans should "own the libs" Duppers Nov 2021 #45
It should be a good wedge issue... gulliver Nov 2021 #46
Latest Discussions»General Discussion»Republicans are owning th...»Reply #43