boilermaker75
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Posts posted by boilermaker75
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Wrote BRKB July 15 expiration, 270-strike puts for >$1.
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2 hours ago, randomep said:
Boilermaker you mind explaining to me your rationale for your puts? Did Buffett telegraph his intention to buy Burlington when you sold your puts?
It was a risk arbitrage play on my part. I believe BRKB had already started the acquisition process of BNI (actual ticker), or at least of a substantial amount of BNI stock. I started writing puts on Aug 13, 2007 at a strike price of $80. I continued till the deal was closed at strikes ranging from $75-$95,
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2 hours ago, randomep said:
well, someone took the other side of your trade so to him, it was not the surest thing .......
sorry for stating the obvious
No problem. There always has to be a patsy at the table!
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21 hours ago, gfp said:
yeah, just google, there were a ton of articles at the time. Buffett learned it from Boilermaker Mike... the rest is history
I'm not sure about that, but I was writing puts on BNSF along with Warren. That was about the surest trade I have ever seen.
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Saw America last night. Gerry Beckley's voice in concert is better than it sounds on those seventies albums.
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7 hours ago, ERICOPOLY said:
I haven't been able to work on my house in Dunsmuir since April because my daughter is refusing to live with her mother. So now I have full custody of her and she doesn't have her driver's license yet.
But she is now getting her permit and I bought her a 2008 BMW 328i for $6,000. 120k miles on it.
It needs new motor mounts and a new alternator and normally those two fixes would cost $2,000+ but I have a NEW HOBBY!!!
I bought a $75 refurbished alternator taken from a wrecked 328i and I bought a pair of new Genuine BMW engine mounts for $220 and I'm going to get my son off of video games and take the car down to my father's house who is the experienced DIY mechanic with all the tools. Three generations of Eric's fixing my daughter's car for a day.
Between the directions on PelicanParts and the videos on YouTube, we have it covered.
When I was growing up in the sixties, everyone worked on cars. Not so much anymore. I mentioned before that I have seen a change in lab abilities in our undergraduates. I speculate it is because kids don't grow up tinkering anymore.
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18 hours ago, Parsad said:
There was a report of two twins recently...one adopted by a U.S. family as a baby who ended up with significant economic and family issues, while the other twin was adopted as a baby by a financially comfortable family in Korea. While the twins had similar personality traits, likes and dislikes, there was a fast difference in IQ...the Korean twin's IQ was some 15-20 points higher.
So, its likely the nature and nurture both have significant influence on who we are and what we become. Cheers!
IQ is not a fixed trait, it can change.
If someone takes an IQ test today and scores 100 they are average IQ. You give that same person an IQ test from 50 years ago they would score a 115. This is the Flynn effect discovered by James Flynn. So something (nutrition, education system, health system,?) over the last 50 years has significantly raised IQs in the US.
Carol Dweck has shown that she can change children's performance on an IQ test by how she praises them before the test. Praise them on their work ethic and they score higher than if she praises them for their intelligence.
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1 hour ago, Spekulatius said:
I think a decline of 20-40% just on Buffett’s passing isn’t plausible. Do you really think a large part of the investor base will just sell? I don’t think so, there is no Buffett premium in the stock price currently, based in SOP or any other ratio.
Interesting discussion and the vast divergence of views is always valuable to see. We won’t know until it actually happens.
Although I think his passing is probably priced in, you are exactly right we won't know till it happens. But in hind sight it will be obvious to everyone!
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22 hours ago, Spekulatius said:
This is true - there is a lot of filler content (or maybe niche content) out there but does it matter? there is still more good content on aggregate than there ever was. I also love some of the niche content like Scandinavian crime shows. Recently watched an Indian crime show (Aranyak) just for the cultural background and loved it.
https://www.imdb.com/title/tt14167344/
Before streaming it was very hard to get access to this content and now it's easy.
We recently subscribed to MHz. Haven't gotten to the Scandinavian crime shows yet because we have been stuck on the French ones.
Last two weeks we have been watching Cherif. If you get past the first couple episodes he tones done that shit-eating grin and he's a lot better. It is about an Arab police captain in Lyon. He knows all the old English crime/detective shows. So when something happens or he figures something out he will state "Columbo season 3 episode 5."
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I got to eat lunch with Neil Armstrong. He was on the Dean's advisory committee when I was an Assistant Dean back around 1992. I sat directly across at one of those rectangular tables. I also got to meet and talk briefly with him a few other times. Extremely humble and gracious person.
At a reception after an NFF dinner, I essentially sat alone at a table with Len Dawson and spoke with him for about an hour. I think everyone else there was too young to know who he was.
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I don't like IPAs, but this is my wife's favorite and she is drinking one now.
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Season 8 premieres Sunday night of one of my favorite shows, Endeavor.
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2 hours ago, maxthetrade said:
I'm curious, what did you do with this position?
On Friday, June 10, I bought them back and I wrote July 8 expiration 305-strikes for the 305 strikes and June 24 expiration 300-strikes for the 302.5-strikes.
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5 hours ago, maxthetrade said:
And you can buy it soon premixed in a can! https://www.cnbc.com/2022/06/13/jack-and-coke-in-a-can-coca-cola-and-brown-forman-team-up-for-new-drink.html
Seriously, I don't have any doubts that alcohol is way worse for your health than sugar, alcohol is a known carcinogen.
I'd say it is a toss up, both are toxins. I have greatly cut down, but unfortunately I still indulge in both.
Fructose is much worse than glucose. Glucose can go directly into your bloodstream and into your cells for fuel. Fructose has to be processed in your liver, which is not good. It will eventually cause nonalcoholic fatty liver disease. So both fructose and alcohol can destroy your liver.
Even with blood glucose in the normal range, blood glucose levels on the high end of that normal range have been linked to brain shrinkage, reduced neuroplasticity and cognitive impairment
Your five liters of blood contain one teaspoon of sugar. A 12-ounce coke contains 12 teaspoons of sugar, which is quickly dumped into your bloodstream! Your pancreas goes nuts to handle this and why eventually you will get type 2 and type 3 diabetes.
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14 hours ago, Parsad said:
Charlie only exercises his brain.
Your brain does use 20% of the oxygen you breathe and 20% of the glucose your burn! It is probably more for Charlie.
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Wrote some AMZN 115-strike June 10 expiration puts for $0.32 per share.
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8 hours ago, Blugolds11 said:
Sold BRK puts <300, 9 days out…bid wasn’t super sexy but its easy money and the volume sold was enough to make it enticing. Heads/tails I win as I’m sitting on a ton of cash from a recent home sale and would like to put it to work in some capacity. I’ll likely keep doing this until I get assigned over the next couple weeks/months.
I wrote June 10 expiration 302.5 and 305 puts yesterday.
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46 minutes ago, Spekulatius said:
Probably the wrong thread, but I have been waiting decades for this revolution:
https://finance.yahoo.com/video/workers-now-wearing-shorts-return-210904603.html
I've always worn shorts during the summer, except when I was working in a lab. Of course I work at a university, which is a little different.
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Neighbor had me over tonight for a couple of beers. He has learned well having beers at my house. He had some Three Floyds Robert the Bruce.
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My wife's drink of choice is bourbon. Not surprising as she was born in KY.
Her favorite is Town Branch, which I don't believe I have seen mentioned.
I am having a hard time finding it for her. As you can see, she is down to one shot.
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13 minutes ago, rkbabang said:
Not just those companies, but the entire semiconductor industry would be completely devastated, losing Taiwan is just unthinkable. If you bring down the semiconductor industry almost all of the modern economy comes down with it. I don't think it is much of an exaggeration to say that this is the Achilles heel of our entire modern way of life.
I never understood how we let it get this way. When I worked at INTC in the mid-seventies there had to be a couple of dozen chip manufacturers. It didn't get the name silicon valley for nothing. INTC, Fairchild, Siliconix, AMI, AMD, MOSTEK, MOS Technology, Intersil, National Semiconductor, Interdesign, IMI, MMI, Signetics, Zilog, etc.
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2 hours ago, Spekulatius said:
So us old grumps who grew up on the 60’s and 70’s are immune while the millennials need to hold on for dear life. Will be fun to see the political theatre about immunizations etc on that one. Mortality is about 1% potentially, so higher than COVID-19 but might hit younger people more. They are also more likely to participate in sex Orgies and other activities facilitating transmission.
Yep, I got my scar and I bet most millennials don't know what I am talking about.
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2 hours ago, Blugolds11 said:
My guess is that they will welcome potential opportunities. I certainly am. its not fun being the only sober one at a party, but the market has been "drunk" for a while. with some recent windfalls I am holding a significantly (for me) large portion of the port in cash and looking forward to more blood in the streets. Starting to look interesting in several names for entry positions and of course the further below $300 BRK gets the happier I am.
Starting to take a page out of Boilermakers playbook, watching Put options on BRK very closely now and will likely start selling them. Thats been my strategy, I view it as heads/tails I WIN.
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3 hours ago, rkbabang said:
Wrote some $65 MSGE Jun 17th puts for $3.30/contract. Hopefully I'll be put to. I love being paid to place limit orders.
@rkbabang I wrote some May 20th $60-strike puts for $0.90 per share. I had orders in for some June puts but they didn't execute.
Is The Bottom Almost Here?
in General Discussion
Posted
I noticed one thing this week. I have been going to ATMs since they first existed. They have always spit out twentys. I went this past weekend and my $200 was given to me as four $50 bills! Not a higher price on a thing, but my first thought was $50s are the new $20s.