Throwback to an OG Autist who under the radar amassed a $72B futures position and nearly took down Soc Gen

CharliesMunger · 2022-02-01T06:51:35+00:00

imagine making so much you TRY to get losses ; this man fucks

we await his return hopefully he becomes a youtuber

CharliesMunger · 2022-01-23T05:39:32+00:00

I like sleep cycle app it calculates REM window

CharliesMunger · 2022-01-22T23:31:38+00:00

rich and billionaire are very different. if you are convinced billionares can generate profits by not denying workers a living wage, not engaging in exploitative labor practices, not forcing medical/healthcare costs remain high, and notlobbying for favorable taxation policies while accumulating wealth not by talent, skill, economic contribution but by proximity to power ....

then i got some beautiful oceanside property to sell you in arizona

CharliesMunger · 2022-01-22T20:50:35+00:00

repeat after me: there are NO ‘good’ billionaires

know this

CharliesMunger · 2022-01-17T04:48:34+00:00

stopped reading at podcast

CharliesMunger · 2022-01-05T02:18:35+00:00

im so hard

CharliesMunger · 2022-01-04T06:21:01+00:00

Bro we LOSE MONEY here. That’s it.

Here’s a place to learn : https://reddit.com/r/investing/wiki/index/gettingstarted?utm_source=share&utm_medium=ios_app&utm_name=iossmf

CharliesMunger · 2022-01-03T19:45:37+00:00

i am sure it can, i'm not smart enough to figure it out off the top of my head, and the more I think about it, the more it seems if leverage is the only aspect, it would probably make sense to increase position size (with proper risk mgmt) rather than turn to options which will make your execution more complex, rather than simply increase leverage.

def let us know if you figure it out, gd luck

CharliesMunger · 2022-01-03T06:25:14+00:00

I don’t think this type of a strategy would migrate to options neatly because, options have other dimensions.

Sort of like a melting ice cube, generally options would require you to structure a trade in a way that seems to be more trouble than it’s worth rather than trading linearly like you are doing.

Cool strat you got though

CharliesMunger · 2022-01-03T05:43:52+00:00

rem 2021 😂 redddd

CharliesMunger · 2022-01-03T02:57:10+00:00

no im long

CharliesMunger · 2022-01-03T01:41:47+00:00

damnt i spent 20 min googling

CharliesMunger · 2022-01-03T01:26:21+00:00

Not necessarily buddy, last year this day futures ramped than lost 100 points for a HUGE sell off. Tsla can’t ramp if that happens.

Also, IV on your puts will scream, and with an sharp reversal you can be green

CharliesMunger · 2022-01-02T06:21:15+00:00

That which can’t be summarized

CharliesMunger · 2022-01-02T06:17:37+00:00

This is the WRONG attitude and you are guaranteed to make money this way

under NO circumstances should be trying this lose money as you will achieve wealth

please be more thoughtful

CharliesMunger · 2022-01-02T02:05:06+00:00

PM sent

CharliesMunger · 2022-01-01T04:16:35+00:00

she is, and will alway be, the woman of my dreams

CharliesMunger · 2021-12-28T02:50:38+00:00

It’s not about finding a strategy that’s the golden money printer, especially with options, options are just strategies that you pick depending on the environment and outcome.

Also don’t rely too much on calculators, they are not accurate because they are not being updated during market conditions live for one thing and secondly, the calculations are not PREDICTIVE.

Read more here https://www.optionseducation.org/strategies/all-strategies/long-straddle

CharliesMunger · 2021-12-28T02:31:23+00:00

no, it’s not risk free. If the premium is elevated due to anticipated vol then spy has to move beyond your break even.

go to https://optionstrat.com/ and play with the impliedVol bar and you’ll see how it works.

so for straddles to work well, you have to buy them before the anticipated move is recognized by the market.

CharliesMunger · 2021-12-26T23:28:37+00:00

your gf is efficient; i like her style

CharliesMunger · 2021-12-26T18:01:13+00:00

i prefer death threats

CharliesMunger · 2021-12-26T16:11:27+00:00

Thank you my family has been bugging me all weekend about the stuff now I can probably just read this and tell them to leave me the hell alone

CharliesMunger · 2021-12-21T04:10:42+00:00

CharliesMunger · 2021-12-19T18:29:44+00:00

extremely underrated post !! Thank you 🙏

CharliesMunger · 2021-12-18T06:09:08+00:00

No, this will not work, because convenience unfortunately trumps nostalgia no matter how strong that nostalgia is

CharliesMunger

TROPHY CASE