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re: Wanna yolo? Buy some calls on volatility.

Posted on 3/15/24 at 4:29 pm to
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
2909 posts
Posted on 3/15/24 at 4:29 pm to
Where did that come from? Geez
Posted by Big Scrub TX
Member since Dec 2013
33651 posts
Posted on 3/15/24 at 4:41 pm to
quote:

Where did that come from? Geez
It's the truth. The entire options world is riddled with cranks like this peddling nonsense. They're usually smart (often engineering type smart where they are highly technically capable but have no fundamental/holistic understanding of the real world - this will often be expressed in a general lack of integrated understanding of non-linearity - which is ironic given the subject matter).

I've seen a million of them carried out on stretchers. Dabbling with a small pot of "side" money is fine. But there's zero applicability of this to building long-term wealth and creating a viable financial plan.

Most of the hedge fund vol traders in the world aren't even that good at it. And even the ones who are often endure massive drawdowns and lean periods in between wins.

It's fine if this guy wants to noodle around on here for shits and giggles. But beware of the "this is not financial advice" all-purpose shield he hides behind in the end.
This post was edited on 3/15/24 at 4:44 pm
Posted by slackster
Houston
Member since Mar 2009
85386 posts
Posted on 3/15/24 at 4:42 pm to
quote:

Where did that come from? Geez


To be fair, the OP has a handful of straight garbage plays he brings to the board. His stock of the year choice was SOXS, down a cool 38% YTD.
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