Short strangles. How to mitigate risk? Move the put up if the stock price rises; move the call down if the stock price collapses. Buy a higher call if the stock price rises; buy a lower put if the stock price collapses. Close either the call or the put if the stock price moves against it.
Author: Henry Barnard
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up.
Biden
That Biden’s candidacy is being taken seriously is what is shocking. Was given legs by the pandemic and its impact on Americans.
But if there are live debates, Trump will tear him apart. So will be interesting to see if the Dems try to worm their way out of having debates.
Divergent Attitudes Toward Death
“Do not go gentle into that good night,
Old age should burn and rave at close of day;
Rage, rage against the dying of the light.” Dylan Thomas
“Just as if a god told you that you would die tomorrow or at least the day after tomorrow, you would attach no importance to the difference of one day, unless you are a complete coward (such is the tiny gap of time); so you should think there no great difference between life to the umpteenth year and life to tomorrow.” Marcus Aurelius
“You are a little soul carrying a corpse.” Epictetus
Tale of Two Cities
New York City and Chicago spiraling out of control. Both have anti-police Democrat mayors.
Important Lives?
Each person’s life is of no importance except to themselves. If they didn’t exist, it would make no difference to the world, which would keep on going its merry way.
Two Milestones
Two milestones, which I admit are poles apart — Shakespeare’s Sonnets (all 154) and Aesop’s Fables.
Air Travel
Air travel in the future must address two issues, and it is very unclear how — how to protect passengers from infection while on board, and how to protect the receiving destination from potential infection by these same passengers. Even when this pandemic subsides, those two issues remain, given that future pandemics can’t be ruled out and it is indisputable that the airplane is the main method of spreading infection. The current mode of air travel is a recipe for disaster. It has to change fundamentally.
Federal Reserve
Recessions are no longer recessions.
Fortune
Fortune is a fickle lover.
GBTC
GBTC about to go to the stratosphere?
Henry's Views 