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Started By
Message
How to turn 50k into 27M in two weeks
Posted on 9/5/13 at 8:21 pm
Posted on 9/5/13 at 8:21 pm
The 1 by 8 Call Backspread. 
I'm pulling for the guy.
eta: link fixed.
I'm pulling for the guy.
eta: link fixed.
This post was edited on 9/5/13 at 8:41 pm
10
Posted on 9/5/13 at 8:22 pm to Notro
This post was edited on 9/5/13 at 9:47 pm
Posted on 9/5/13 at 9:13 pm to Notro
Is he hoping for a VIX spike on ME unrest?
Posted on 9/5/13 at 9:29 pm to southernelite
I guess so. Debt limit is looming also.
Posted on 9/5/13 at 9:53 pm to Notro
This is way over my head... 
.... 
.... 
Posted on 9/5/13 at 9:56 pm to Notro
Can someone put that into English?
Posted on 9/5/13 at 10:17 pm to Notro
He could lose over $25 million by the end of September.
Posted on 9/5/13 at 10:17 pm to Smalls
Please
Posted on 9/5/13 at 11:01 pm to LSURussian
According to the comments, he will have this hedged all over the place if the VIX nears 30.
Posted on 9/5/13 at 11:52 pm to Notro
With size that big I'd start looking into counterparty risk just to be sure. He might have a hard time collecting if he really hits it big.
Posted on 9/5/13 at 11:55 pm to Notro
So if that guy makes the big bucks, what did he produce of value in order to earn that sum?
Posted on 9/6/13 at 12:59 am to Meauxjeaux
quote:
what did he produce of value
He was willing to take the risk the other party didn't want.
Think of it this way - suppose you buy a house in Florida. You don't want the risk of of losing it in a hurricane so you buy property insurance.
The insurance company may not want to deal with the risk of insuring a couple thousand homes in Florida when Hurricane Gigantic hits, so they in turn sell a bunch of options and futures, thereby transferring the risk to many individuals.
Each individual, by accepting a very small share of risk, has offered something of value.
Posted on 9/6/13 at 1:48 am to foshizzle
You know a lot about options trading and finance in general for someone with a Physics background. Do you have an MFin degree or something?
Posted on 9/6/13 at 2:20 am to stendulkar
Fair question.
B.S. Physics, UT Austin. Focused on high temperature superconductors, very fashionable at the time.
MBA, LSU
Took all the required courses for the Ph.D. in Finance, LSU. Decided I didn't want to go the academic route. Basically I was young and went to the wrong school to go the mortgage backed securitization route, which is what I really wanted to do but hadn't realized it at the time.
Wound up doing IT/Accounting consulting in DC. A pretty good gig actually, it pays nicely but I do sometimes wonder.
B.S. Physics, UT Austin. Focused on high temperature superconductors, very fashionable at the time.
MBA, LSU
Took all the required courses for the Ph.D. in Finance, LSU. Decided I didn't want to go the academic route. Basically I was young and went to the wrong school to go the mortgage backed securitization route, which is what I really wanted to do but hadn't realized it at the time.
Wound up doing IT/Accounting consulting in DC. A pretty good gig actually, it pays nicely but I do sometimes wonder.
Posted on 9/6/13 at 12:16 pm to Notro
Yikes. Guy is crossing his fingers that we bomb Syria over the weekend.
Posted on 9/6/13 at 12:20 pm to Notro
quote:
Notro
How to turn 50k into 27M in two weeks
You can turn $1 into hundreds of millions in less than a week if you buy the right lotto ticket.
Posted on 9/6/13 at 12:23 pm to Drive4show
quote:
Guy is crossing his fingers that we bomb Syria over the weekend.
I don't think that does it. I think he's crossing his fingers that Iran or Russia jumps in as well.
Posted on 9/6/13 at 12:48 pm to C
quote:
I think he's crossing his fingers that Iran or Russia jumps in as well.
That combined with other poor economic figures like the Jobs report today, Fed tapering, etc would.
For reference, the VIX hasn't been at 30 since the late Summer/Fall of 2011. Additionally, over the past 10 years it has risen between 27-30 only once without going above 30. It has risen above 30 5-6 times in that time period
This post was edited on 9/6/13 at 12:53 pm
Posted on 9/6/13 at 12:55 pm to Notro
I can turn 50k in 27k in less than a day without breaking a sweat.
Posted on 9/26/13 at 2:48 am to Notro
Bump. So how is the bet panning out for this guy? Can someone explain in layman terms?
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