Options 101

A call option is a right to buy shares at a set price (The strike price).
The investor wants to see the stock rise in price, this raises the intrinsic value of the option. As well as allows the long side to call away shares to buy at a lower price.

A put option is a right to sell at the strike price, investor of a long put wants to see the underlying stock drop so he can sell high.

A short call is when an investor writes or sells a call option. There is unlimited risk to this strategy because the price, theoretically, can go to infinity. Where as a naked put, the price can bottom at zero. Normally investors do this to take in the premium. The premium is the price of the option. so if the premium is $1.25 and the investor thinks the call will rise, betting the underlying stock will rise, he'll write a call and collect $125 for each call he writes.

A naked put is when an investor write or sells a put.

The margin requirement of any naked option, put or call is 20% of the underlying stock price plus premium. Example:

Brian writes 1 naked puts of IBM. Strike price is 100 and the premium is $2.00. Stock is trading at $90. So the calculation should be the following.

20% of $90 x 100 + 200 = 2000

First figure out the underlying stock price. That's 100 shares X $90 = 9000
9000 X 20% = 1800 plus premium which is $2.00 x 100 = 200
1800 + 200 = 2000

Your using 100 because one contract of the option you write represents 100 shares.

zukes

Fried zucchini, one of my favorites.

Planking?

Planking by a 4 year old.

Taking you out to the weekend, Like a Boss

10 years ago

Has it been 10 years? Wow. 21 years old. Life by the balls. Working at a brokerage firm. Had some decent skrilla in the pocket. Had a hot girlfriend. Having sex and shit all the time. Going out with friends. Enjoying Manhattan.

Then 9-11-2001 happened. Life just seemed to stop for a minute. Is this dust cloud coming at me right now? Am I walking on the FDR drive and over the Brooklyn Bridge? Are those thousands of dead birds? Is that ferry transporting body bags? That smells like burnt hair. This dust can't be good for me. Should we go back to work? Is the country going to get attacked tomorrow?

All these thoughts are passing through my head. And for years to come more thoughts. There is never closure for something like this. Ask the people who were around to see JFK get shot or Pearl Harbor. In time America's wounds will heal. Remembering the day 10 years later is a start.

Whatever happened to......

Whatever happened to Ricki Lake? Remember her? I always wonder sometimes about random people and what they are doing now. As if it's so important for me to get closure on thier lives. Sally Jessie Raphael. The lil dude from Small Wonder. When I found out that Kevin from the Wonder Years was the voice of a cartoon my lil girl watches I was amazed. Like shit must have gotten real for him after that show. And what about his lil brother, Ben Savage. Boy Meets World. What is that lil faggot up to. I know Topanga probably got fat and married. She'll show up on dancing with the stars.

Fall me

I know I've been neglecting you(z). Just been busy that's all. Like with work. Used to be a summer lull on Wall Street but these days it gets busier as the summer drags on.

I'm ready for fall. Football and no air conditioners and chilli and stews and leaves and candy corns and apples.

Japan is great

Ever want to see a bee fuck up a praying mantis?

Your welcome.

Dope.

Shaq Attack

Hi. It's Wednesday. This shit is making me laugh.

Carlos Beltran, no longer a Met

Es tan difícil decir adiós. Gracias muchacho.

Vacation over

I'm back. I miss this.

Vacationing

Got a week off coming up. Not like it matters on this blog but anyway I'm driving down to Ocean City, MD for a week of surf and sand.

And crabs.
And donuts. (Fractured Prune)
And Kohr's Ice Cream.
And Fisher's Caramel Popcorn.
And Candy Kitchen Fudge.
And Boardwalk Fries.
And Fried candy bars.
And Polish Water Ices.
And crabs.
And crabs.
And some crabs.

El Pad, out.

european man suit

Can you return a Speedo? I'm guessing no. What if you walk into the store and want to try it on? I mean sure it goes by waist size I imagine but what about your junk. Just cuz I'm a 33 waist doesn't mean my junk will fit securely and snug in a 33 waist swimming brief. Feel me?

Progress

Everything coming along nicely I'd say, finally. For more pics on the WTC contruction head over to Gothamist.com. Great stuff.

Twitter

You are not going to believe but I thought of this idea of "micro-blogging" back in 2004. I wanted a venue where I can just jot down my thoughts, jokes, wisdom nuggets aka Gems and various other nonsense. My mind is always racing with some garbage and sometimes I just want to write it down. So since there was no Twitter yet I decided to just start a blog which is this thing. And now there is a Twitter. And someone is a millionaire.

The succession is so simple though right? You have an online journal, then a blog, then better blogs then someone said we need a microblogging platform. Then boom Twitter.

Now alot of people dont understand Twitter especially like old people or middle aged people like our parents and uncles aunts what have you. But Twitter is like a streaming news site but on your phone. Depending on who you follow right because you pretty much control your news flow. Outside of personal tweeting that's really the best use. I wish I would have nailed down this idea and then sold it but that was a pipe dream. Im not a computer guy, I know my way around them but to create the site from an IT solution type of way is just not in me.

The More You Know

Did you know that clams have an anus? So if you like clams your eating clam asshole.

Did you know that Scallops can see? They have 100 simple eyes that respond to light and dark images.

Did you know that Oyesters can be both male and female since they have both sperm and eggs? Making it possible to impregnate themselves.

Did you know the Eiffel Tower is made from iron?

Did you know that Merino wool is called Merino wool because it is procured from the a species of sheep called "Merino" sheep?

Did you know New Zealand's largest export is dairy?

Did you know the first softball bat was a broom stick and the first softball "ball" was a tightened, tied up boxing glove?

Did you know that 52.5% of the world's cork comes from Portugal?

Did you know that Ho Chi Minh City was formely known as Saigon? And Mumbai was formely known as Bombay?

Sam J just enhances shit

My daughter hates sleep. Like really fucking despises sleep and it's alwyas a chore to get her to lay down. Once she lays down it's the 100 questions game so I like to just read her books, calm her down. A while ago a friend tweeted me this link that led to this book on Amazon that was hot on pre-order. It's perfect. Because I've actually said this to my daughter before. GO THE FUCK TO SLEEP!



"Narrated by Samuel Jackson this book takes on a whole different level of greatness"

Hump Day Hottie of The Week

Stacey Dash. I remember being like 15 years old and staying up late to watch skinemax at like 1 am. You could always find Stacey Dash naked at that time on that channel. Boinking. She was hot. Still got it going on.

Wash Your Apples

98% of apples sold in produce sections all over the country contain pesticides.

Yet it's considered safe to eat. If it's considered safe to eat why publish a report saying 98% of apples have pesticides. Cuz then it sounds like you are saying it's not safe to eat. They say the nutrition from eating the fruit does you more good than ingesting a tiny bit of RAID residue.

Wash your apples. And your grapes.