That's not my argument just demonstrating how pathetic the trolls here are. Seriously I don't want to insult shit when calling you one.
"Trick question - what strategy lost the most money in 1987? Hint it wasn't index put selling." I'm going to have to digitize the JPM empirical data. Too big, but I'll get it digitized. I've alluded to the answer in a couple of posts, but it was simply the parity trade to put selling - a covered call. The big difference relates to the inability to get clean parity.
Dawn,you realize you are "debating" with guys who were on derivatives desks for years,market makers on and off the floor,hedge funds and now trading their own money.. With all due respect,you are missing out on an opporunity to learn from some very talented guys....
Fine, I will change the sentences/phrases to end with some other punctuation marks. It's sitting *there*, not sitting their. LOL "Their" is a possessive pronoun of the third person plural and one of the usages of "there" is relational positions as opposed to "here"; the word "phat" does not exist. It's "fat"? See another pathetic troll who has nothing to offer, no opinion of their own, and is just joining in this thread for the fun of it.
All I remember was Merril and Bear walking into the pit looking to cover deep puts...I think we charged them 75-125 bucks over parity.Maybe even more...Wasnt pretty... Clean parity was just adding insult to injury.....Trust me,nobody was looking at put call parity
This has long gone past "debating". This is just shit-trolling now. LOL What am I supposed to learn from these supposedly "very talented guys"? LOL How to spell phat phucks and how I must be on LSD and PCP because I made an observation of asymmetrical payoffs? LOL So far they haven't provided any mathematical calculation and empirical evidence to prove me wrong. And instead they are asking me for academic papers? LOL All of you know they and you all got shit. You've just got too big of an ego to admit it. Either way I really don't give a shit. In the trading world, it's $$ that talks, not some empty words on an online forum. But to say I have missed some opportunities to learn? Please don't make me laugh. I've got enough entertainment from @newwurldmn. Anyway gotta go. Gotta find those academic papers that @newwurldmn is waiting for.