People die at random, but that does not seem to deter the insurance companies from selling life insurance.
tastytrade. It is one of their favorite strategies on "high rank IV" stocks. Didn't work well this cycle with GOOG, AMZN, MSFT, INTC, BIDU etc. - all moving much more than expected.
"People die at random, but that does not seem to deter the insurance companies from selling life insurance." So the way to win in the insurance equation is to die prematurely!
I love collecting premium like an insurance company sells insurance. But an insurance company will do a min of a test. If you have the slightest thing - for example, you smoke 1 cigarette - you’re a smoker. I’ll sell for premium every week except earnings week. I’ll sell insurance to everyone but the smokers. It’s just easier.
Very easy for some master of the obvious to think that WMT , massive float and all , could not possibly move ,no less go UP 10% in a day. Wrong.
I think it was Chris rock who said that buying life insurance makes no sense. You are betting with the insurance company on when you will die and you hope they lose.
Indeed. The only people worse than insurance company are life settlement people There is a price for everything. If you are a smoker, they would still sell you life insurance, it's just going to cost more. You can do the same with options.
Oh yeah. This is that old analogy the actuaries at insurance companies are really just calculating volatility