boilermaker75
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Everything posted by boilermaker75
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In France they were the Corsairs, https://en.wikipedia.org/wiki/French_corsairs
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Buffett/Berkshire - general news
boilermaker75 replied to fareastwarriors's topic in Berkshire Hathaway
You mean naked put not call? I agree going on margin with the current margin rates is not something I am going to be doing. -
Buffett/Berkshire - general news
boilermaker75 replied to fareastwarriors's topic in Berkshire Hathaway
@Munger_Disciple I never sell them to take a loss. I either keep them, or write covered calls. It is not only idle cash, which I usually don't have much as a percentage of my account, but also a small amount that is not cash secured. So I occasionally will go slightly on margin. Occurs about once or twice a year. With higher interest rates I have scaled back so that it is unlikely I will get margined. All my position, some I have held for decades, were entered by being put to. -
Buffett/Berkshire - general news
boilermaker75 replied to fareastwarriors's topic in Berkshire Hathaway
@gfp Exactly, only on companies I would not mind owning, or already own. If I don’t want to own the stock I am put to it is because it got me to a larger position than I wanted or put me on margin (always slightly). I then write covered calls till assigned. @Dynamic Exactly, what I look for is about a 20% return and as short a duration as possible. Typically, 1 day to 4 weeks to expiration. @Munger_Disciple. I am not picking up pennies in front of a steamroller. 99% of my put writing has been on a small universe of stocks, mainly BRK, WFC, and BAC. There are exceptions, risk arbitrage opportunities as Dynamic mentioned. During BRK’s purchase of BN I was writing a lot of puts on BN. During Sam Zell’s purchase of the Tribune CO I was writing a lot of puts on the Tribune. Recently I was writing a lot of puts on MSGE. Edit:I think writing puts is the best way to do risk arbitrage because there is no timing uncertainty, you pick the expiration date.. @Blugolds11 That is the downside, not getting a position and the stock taking off. Surprisingly this has only happened to me once. Many years ago when MCD was trading in the $90-100 range I was trying to acquire some for LTBH. I made some put premiums but never got my position in MCD -
Pressed for Time : 10-20 minute workout
boilermaker75 replied to E. Nashton's topic in General Discussion
I have had my Concept 2 for 29 years. Just got off it before reading this thread. I have probably used it at least three times a week during those 29 years. It is as durable a piece of work out equipment as I have had and I have had plenty. Edit: The monitor does not work anymore, probably because I had a battery leak in it. -
I would look on YouTube for videos.
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An acoustic neuroma is a benign tumor so drugs are not used. Weisskopf was in charge of my wife. He is a surgeon, but he had us treat the tumor with radiation instead. He said only if the radiation did not work would he do surgery. The radiation oncologist was Terrence Sio. He too was amazing. He was extremely careful and would personally call my wife to check on her or tell her something.
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@Thrifty3000 Your advice is spot on.
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All three Mayos, don't forget Phoenix. I have been to both Rochester and Phoenix Mayos and the Phoenix campus is much, much nicer.
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@Blugolds11 I second that about Mayos. My wife had an acoustic neuroma and after research we went to see a doctor at Mayos in Phoenix. Amazing place. When you have an appointment that is exactly the time the doctor, or whoever you are seeing, you see. Why does that not happen anywhere else? Edit: Plus this doctor, Peter Weisskopf, walks us out to the lobby! I knew someone and she used to fly to Mayo once a year for her yearly physical. I have been thinking about doing that now that I have experienced Mayo with my wife's issue.
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As Thomas Paine said, "Those who expect to reap the benefits of freedom must undergo the fatigue of supporting it."
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I'm 70, but feel much younger because as I mentioned before, in this thread https://thecobf.com/forum/topic/19734-which-activities-in-life-brings-you-the-most-fun/, I try to work out at least an hour every day. My work outs are usually intense with intervals, Tae Kwon do, weights, etc. Different things on different days. I wish I knew more about nutrition when I was younger. I consumed too much sugar in my younger days, and I hope that doesn't come back to bite me. Sugar is probably the cause of most western diseases—type 2 diabetes, cardiovascular, and Alzheimers.
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Option Pricing Increment Question
boilermaker75 replied to boilermaker75's topic in General Discussion
It must be something Scwhab and Fidelity are imposing for some reason but the options actually trade in $0.01 increments because I too sometimes get filled at Schwab at other than something divisible by $0.05. -
Option Pricing Increment Question
boilermaker75 replied to boilermaker75's topic in General Discussion
That is what I thought. But for OSTK options I can only trade in 5 cent increments at Schwab while at IB I can trade in 1 cent increments. I know because I have done several trades with both brokers. -
Option Pricing Increment Question
boilermaker75 replied to boilermaker75's topic in General Discussion
I have been selling puts, and then selling calls when I have been put to. I have only been doing this with OSTK for a little over a month but it has been working well so far. -
Writing OSTK options on Schwab has to be in increments of $0.05 while on IB you can do it in increments of $0.01. I assume that means the pricing increment is up to the broker?
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What are you listening to ? (Music thread)
boilermaker75 replied to Spekulatius's topic in General Discussion
How about a Lily and Madeleine? -
What are you listening to ? (Music thread)
boilermaker75 replied to Spekulatius's topic in General Discussion
I too like Natalie and Tigerlilly is a great album. You probably are already familiar with it but 10,000 Maniacs MTV unplugged is good. @CassiusKing1 Thanks for the alert to her new album. -
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“A man’s gotta make at least one bet a day, else he could be walking around lucky and never know it,” Jimmy Jones, horse trainer.
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And giving to Ukraine's war effort is a very effective way to do this.
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Writing OXY 57-strike, March 24 expiration puts, $0.31 per share.
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@Castanza Similar story for me. I started with a paper route, I caddied, worked for the parks department mowing and lining baseball fields, then the street department that included riding the back of a garbage truck. If I ever had a doubt about getting a higher education, which I didn't, riding the back of the garbage truck erased it. It has to start with the parents to instill a culture of hard work and grit. It is probably too late for the educational system to do it. Plus the educational system would need to be able to use discipline, which would require buy in from the parents. Edit: I would have loved to have a job like you did building cabinets counter tops. What a great skill to have learned.
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There was a study that showed a benefit to delaying specialization. The study was of the UK where there is a huge difference when students specialize in England and Scotland, but they essentially have a common labor market. (English start specializing in high school the Scots don’t choose their specialization until their junior year at university.) Not initially out of university, but in the end the Scots fair better. O. Malamud, "Discovering One's Talent: Learning From Academic Specialization," Industrial and Labor Relations Reveiw, vol. 64, no. 2, pp. 375-405, 2011.
