LinkedIn Iron Condor Gone bad.

Discussion in 'Options' started by skvaith, Feb 5, 2016.

  1. skvaith

    skvaith

    Yes cost of doing this business. I am hoping for a "Hail Mary". I have five days. Anything could happen. Will let everybody know what happened next week.
     
    #21     Feb 6, 2016
    K-Pia likes this.
  2. newwurldmn

    newwurldmn

    You can't do anything. But given its at your max loss you might as well hold on to it as its a free option That the stock may rally. You should mentally write off the position.

    There is no such thing as adjustments to improve the pnl.
     
    #22     Feb 6, 2016
    ironchef, wartrace and K-Pia like this.
  3. zdreg

    zdreg

    it happens a couple of times a week, you are looking for excuses. study the definition of black swan.
     
    #23     Feb 6, 2016
  4. K-Pia

    K-Pia

    Thanksgiving is a black swan for the turkey, not for the butcher. Everyone can be a turkey, once, in his life.
     
    #24     Feb 6, 2016
  5. K-Pia

    K-Pia

    I am not going to be rigorous,
    But looking at the chart, such a magnitude,
    Doesn't happen once every week, month, or year, neither.
    A blackswan is an unexpected and important event that slap our ass.
    It could be considered as an ugly duckling ... A small one, however.
    Yeah ... A 150% move is nothing close to Black Swans ...
     
    Last edited: Feb 6, 2016
    #25     Feb 6, 2016
  6. zdreg

    zdreg

    [QUOTE="K-Pia, post: 4241898, member: 491508" ]is nThanksgiving is a black swan for the turkey, not for the butcher. Everyone can be a turkey, once, in his life.[/QUOTE]
    a turkey being slaughtered does not meet the definition of a black swan event.
     
    #26     Feb 6, 2016
  7. K-Pia

    K-Pia

    These words come from the guy you're borrowing the concept to. Have you heard of Taleb ? You obviously don't know what you're talking about.
     
    #27     Feb 6, 2016
  8. K-Pia

    K-Pia

    It doesn't meet your definition.
    9/11 wasn't a black swan for bin laden.
    But it was a blackswan for you.
    Same if you are the turkey.
    & you definitely are one.
     
    #28     Feb 6, 2016
  9. zdreg

    zdreg

    a turkey being slaughtered does not meet the definition of a black swan event.[/QUOTE] here is the definition which seems to be unfamiliar to posters on this thread.
    "A black swan is described as a highly improbable event with three principle characteristics: 1) it is unpredictable; 2) it has a massive impact; and 3) ex post explanations are concocted that make the event appear less random and more predictable than it was."
     
    #29     Feb 6, 2016
  10. zdreg

    zdreg

    the laugh is on you for sinking to personal insults. for you that is not a black swan event but a highly predictable part of your character.
     
    #30     Feb 6, 2016