stock market crash

[ChimpMaster]

Correct. I'm not. I'm an investor.

Day trader.

An investor who doesn't know what NAV is.

And didn't understand the meaning of shorting.

[Whorty]

Correct. I'm not. I'm an investor.

Day trader.

Inneresting .... you're a gambler, betting on the market going one way or the other (at least in your ficticious Put).

You are NOT an investor - buying LBG shares to flip in the short/medium term for a profit is trading. Holding equity in a company for the long term is investing.

I hold my S&S ISA over the long term - these are my investments for my retirement (15 - 20 year holdings).

You really do need to get the basics right fella if you want to sell your services

[Whorty]

His 250k put options expired worthless and now he has opened another put option for 250k
That's how he spends his crypto millions
or the simpler explanation is- its all fiction.

This presumably being the case, he therefore lost on the first Put to the value of his Premium. In all probability it is all fiction - the fact he wouldn't give the strike date, or the premium supports the fiction as he knows we can easily verify the numbers and hence he can't just make up some bull.

As for his crypto millions .... if he had millions he wouldn't be wasting his time on here every day trying to prove his 'worth' to us bored contractors with far too much time on their hands

[BABABlackSheep]

Correct. I'm not. I'm an investor.

Day trader.

FTSE up 0.64%
LLOY.L down 1.06%

You are long on LLOY, Short on FTSE?

An Investor, but you don’t care about fundamentals?

A Day Trader that doesn’t care about NAV.

Just don’t get it.

[Old Greg]

His 250k put options expired worthless and now he has opened another put option for 250k
That's how he spends his crypto millions
or the simpler explanation is- its all fiction.

Occam's razor - Wikipedia

[Old Greg]

FTSE up 0.64%
LLOY.L down 1.06%

You are long on LLOY, Short on FTSE?

An Investor, but you don’t care about fundamentals?

A Day Trader that doesn’t care about NAV.

Just don’t get it.

The term you're looking for is 'fantasist cockwomble'.

[BABABlackSheep]

The term you're looking for is 'fantasist cockwomble'.

Lol..I like that..

Anyone seen that trade go through yet? I’m guessing it was just before 10am?

When I explained why I wouldn’t invest in LLOY long term, I forgot to mention the small fact that CEO was leaving. My bad.

[Whorty]

Lol..I like that..

Anyone seen that trade go through yet? I’m guessing it was just before 10am?

When I explained why I wouldn’t invest in LLOY long term, I forgot to mention the small fact that CEO was leaving. My bad.

No, there is no 82000 share transaction yet. Well, no real transaction, but who knows what fictitious trades have gone through

[DealorNoDeal]

Just so we have a chance to understand you ... how much Premium did you lose on the first Put that is now Expired, and how much is your Premium to open a new Put for the next 2 months?

FWIW (and it ain't worth much when you're dealing with a Walter Mitty)

I assume he rolled the October option forward to the end of November.
Roll Forward Definition

A couple of weeks ago he said he was already down $70k on the October put.

So my guess is there would have been at most $150k left to roll into the November put. Of course, he may have added new money to the position.

[Whorty]

FWIW (and it ain't worth much when you're dealing with a Walter Mitty)

I assume he rolled the October option forward to the end of November.
Roll Forward Definition

A couple of weeks ago he said he was already down $70k on the October put.

So my guess is there would have been at most $150k left to roll into the November put. Of course, he may have added new money to the position.

Well, yes and no .... he's still effectively closing the original Put in a loss position and opening a new Put. Happens at the same time to reduce price differences but still, he's be losing on the original big time and paying out a new Premium for the new Put.

It is usually carried out shortly before expiration of the initial contract and requires that the gain or loss on the original contract be settled.

A roll forward includes two steps. First, the initial contract is exited. Then, a new position with a later expiry is initiated.

All hypothetical of course as we know he's not doing this but still, I'm learning quite a bit about options trading so that's nice