/biz/ - Business & Finance

>>9506000
lets take a look at my latest failure for example. i bought a ton of calls, and a few puts on CSCO like a complete faggot. the ER was a beat, so naturally they dropped like 7% AH. i figured, "ah well, thats a fucking lot of money i just lost, but atleast i bought puts". the next day came and my deep OTM puts now way ITM. but as soon as i tried to sell em on the bell, they went from being $250 P/L a pop, to about $24 P/L per contract. so my hedge got crushed. my calls, which were now DEEEEEP OTM, were also about 80% down at start, and then got crushed immediately to 98% loss per contract (fucking FIVE of them) where theyve stayed ever since.
when i bought it at an IV of 27, and it opened the next day at an IV of 18, i lost about 9x the greek vega in addition to everything else that happened

>>9506046
he was a pretty good student. we all were i guess. doesnt take much in a semi rural school with only like 400 kids per class. he went to a lot of their meetings and bullshitted a lot with them. at one point i was convinced he was trying to bang the superintendent