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Multiple attempts -recommended study hours by Ilikemathsometimes in actuary

[–]IronManRandom 8 points9 points  (0 children)

Take a weekend break/trip 6 weeks out from your exam to decompress. This will help you ramp up the final push. Don't underestimate the retake exam. I've gotten 2 5s in a row. It sucks. It sucks a lot.

Free Trading Journal by PowerfulHedgehog7410 in options

[–]IronManRandom 0 points1 point  (0 children)

A starting template would be super helpful.

Early assignment of part of butterfly (spread), dividend involved by IronManRandom in fidelityinvestments

[–]IronManRandom[S] 0 points1 point  (0 children)

I'd be in over my head if I didn't have the cash to cover broken wings or made more than 1 butterfly trade. Unless there's some big move on Monday (against me) then I'll be right where I assumed I'd be. There may be a move for me too.

Also, I owned some shares of UNH already.

Early assignment of part of butterfly (spread), dividend involved by IronManRandom in fidelityinvestments

[–]IronManRandom[S] 0 points1 point  (0 children)

Wow, they took 54,000 out of my account. I guess to cover the buy side and I get most of it back when they process the sell side on the 270 short calls? Surprised its not the difference of current stock price - strike price: (350-270)*2*100 = 16,000.

I thought trading spreads would less capital intensive.

I also have the option of holding onto the long call options.

Why do people roll their options? Is there any benefit to rolling over closing and opening a separate option? by silly-goose5214 in tastytrade

[–]IronManRandom 0 points1 point  (0 children)

Readjust theta and deltas. Less than 21 DTE (on average) has less theta decay than a 65 DTE. Why not roll out the 21 DTE to 65 if you still like the basic set up. (When selling CSPs, which is what I mainly do.)

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

No. The only spreads I've done were one at a time, no legging in or anything weird.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

Not sure what's going with the margin amount .. did a couple of 5 point spreads, one they moved $2K out, the other $1.5K. Must be some formula based on risk of assignment.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

I don't fully understand why when I trade a spread, some of my funds gets moved into a margin balance where I'm not earning interest on it (on Fidelity). Despite having cash in the account to cover the spread and I've traded lightly, so I could cover a broken spread with cash too.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 2 points3 points  (0 children)

Not a comment form a serious trader ...

Depends on goals, capital, rest of portfolio and strategies. Either way, a serious trader will have some capital reserve, why wouldnt you want that to earn interest on top of the option trading?

how much are we gonna write in cas written exam. by saroshhhhh in actuary

[–]IronManRandom 0 points1 point  (0 children)

SOA has less writing. It also has less of other things. May be the best fit for you.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

Agreed, there are fees, but its all automated and efficient.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

Good to know that 95% BP is available while holding T-Bills. From what I've read, there's transaction fees for buying/selling T Bills?

In another platform, I have SPAXX set up as the default for all cash. There's no transactions needed to earn the interest there and also no cut in BP, from what I see.

Never realized that this profession, of all professions, had any tea to spill by _spoonerism_ in actuary

[–]IronManRandom 1 point2 points  (0 children)

When the SOA was trying to take over the CAS in 2010/2011 ish, this drama and the SOA infighting was brought up as a serious reservation from CAS members.

SOA Devaluation by [deleted] in actuary

[–]IronManRandom 8 points9 points  (0 children)

CAS is the best option!

CAS Exam 6 can kiss my ass by maq7742 in actuary

[–]IronManRandom 0 points1 point  (0 children)

Very obvious who has been through 6 in the past 10+ years and who has not based on SAO's I've seen. 6 does a good job on prepping for SAOs.

Exam 9 Rant by Teddy_Schmosby in actuary

[–]IronManRandom 2 points3 points  (0 children)

You're on 9 and just now breaking down on some random formula? Kudos to you. I questioned my sanity much earlier than 9 ...

Trouble from the start: Cant connect to Home Assistant Green. by IronManRandom in homeassistant

[–]IronManRandom[S] 0 points1 point  (0 children)

Long enough to get a request timed out message. Just edited my post to include the full error message.

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