Spot on.
See also http://www.irs.gov/instructions/i8854/ch01.html (877 taxation of former citizens and long-term residents)
DH's point was, in part, "realistic goals." Ironically, the "barrier" was 4 minutes, not 3.
Sorry - I missed your 2nd last message. You reckon no more coupons, but something more than 10% of prinicipal? Edit: and less than 25%?
Does anyone know what kind of priority NW's exchange traded debt (eg NWB) might get (stopped trading a few days back, NYSE plans to delist)? I'm...
Does anyone have good references to studies on (equity) price paths as directed processes (eg volume)?
Good point - selling puts is more like selling earthquake insurance, and not like selling car insurance. [edit: I mean puts on an index]
Ok, thanks - and that's also a very sensible approach. Good luck to you too.
Indeed.
I am genuinely interested in your approach to risk control. Being long a put means you are short the underlying, so it is not inconceivable...
Oh, pardon me. I'll wake up. So what's the beta of a long put?
Agreed, so no free lunch. Risk really is risk, and you cannot avoid paying to get rid of it. Whether or not you pay a "fair price" depends on the...
So your style is "market neutral," and you try to earn more than Treasuries by astutely picking longs and shorts?
That's, I think, a very good question. First: selling a covered call means you you retain the downside risk, but give up the upside, for which...
Not quite - you agree, or not quite - you don't? Put-call parity Put = Call - div discounted Stock Price + present value of strike price So,...
While not disagreeing with the general sentiment of the wizards, I don't think this is exactly true. The put seller is long cash relative to the...
Example (always positive, never a loss): you mail me a (valid) lottery ticket. [edit] zero cost, positive payoff in some states
your first answer amounts to riskless arbitrage; does exist (for short periods of time), I guess.
Casinos: Speculators with an edge.
For the US residential market, try OFHEO.
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