log☇︎
880800+ entries in 0.559s
nicofrobeen: Symbol: BASIC-MINING, Since: 17.06.2013 (30 days), N = 1611 (trades), Mean: 0.34463, Square: 0.05610, Volatility: 0.23685 << could this somehow be correct?
mjr_: sorry this week
mjr_: that is for this months expiry
mjr_: at the money call
mjr_: example: AAPL closed at $430 i think, the call for $430 is $3.55
kakobrekla: i think Namworld has a sheet like that
mjr_: in a more liquid market with more depth, you can usually trust market prices somewhat
mjr_: i wish bugpowda was here, he prob has a spreadsheet to do it for you
mjr_: double check that
mjr_: then find the square root of that number
mjr_: square that number and take the average of all the squares
mjr_: calculate the difference from the average return for each days return
mjr_: find the average return
mjr_: figure out the return for each day
mjr_: i would say go with the last 30 days
kakobrekla: well, 'everything is first time once'
nicofrobeen: or the last month
nicofrobeen: you could calc the vola for the last day
mjr_: after you know what the option is worth, figure out CP risk premium etc
mjr_: but, if you want an example, look at the stock market
nicofrobeen: thanks mjr_.. i give it a try in the next minutes
mjr_: since you can only lose that share
mjr_: anyway, if you hold the share, you can sell your option at whatever price you want
mjr_: but also realize that you are basically relying on your accuracy and how correctly you calculate the volatility
mjr_: since volatility is really the only variable that you need
mjr_: you can figure out the vol
mjr_: but most things don't work that way
mjr_: then you have to charge a lot
mjr_: if you assume that the price will go to a million and 0 every day
nicofrobeen: well well :) http://www.money-zine.com/calculators/investment-calculators/black-scholes-calculator/ if anyone is interested.. not that complicated at all
nicofrobeen: well yeah, that's the minimum for calls
mircea_popescu: add whatever time value.
mircea_popescu: rule of thumb is : (current price - strike) = minimum premium for calls
mircea_popescu: nicofrobeen o i thought am
nicofrobeen: i'm going to look into schoeles, but tbh this looks complicated, so i'd like to know, if there is some rule of thumb
nicofrobeen: i'm asking, because my first intention was: a premium of 0.021 is almost nothing.. but i have not really a reference besides other options to compare this
nicofrobeen: basic is trading @0.6x
mircea_popescu: not 0.02 on 1 strike when underlying is trading 4.
Namworld: They only have to pay the premium upfront.
Namworld: They also have a strike. People pay the strike at execution.
Namworld: Yeah calls sell for less than selling the shares.
nicofrobeen: those options are out there
mircea_popescu: sure, but it still can't sell for less than what you'd get selling the share.
ThickAsThieves: in regards to writing one
ThickAsThieves: really, what you are willing to sell for is all that matters with an option
ThickAsThieves: two factors: what someone will pay, and what you are willing to sell fo
mircea_popescu: a call can't sell for less than current value
jurov: oh my, what do i find here, again. from lettuce growing op thru amc retardation to social media enthusiasts
nubbins`: in fact, that entire bio is basically just a list of facebook widgets
mjr_: why can't joe be the whore?
mircea_popescu: "joe's a teacher, mary's a whore and i'm a retard"
mjr_: and believe me there is so much to attack in the idea/substantive space
mircea_popescu: since when is "an enthusiast" something to be
mjr_: well, i think that personal attacks are usually the result of not having something substantive to attack...
nubbins`: the phrase 'social media enthusiast' makes me weep for the future
mircea_popescu: and she rts that one ?!
mircea_popescu: "Passionate writer, photographer and traveller. Social Media enthusiast. Positive is how I Live."
Rulother: You should have fun with that then
mircea_popescu: i mean my tweet about the linux idiot woman ?! mostly women retweeted it. wtf.
mjr_: lol, i was glad that mika tan responded ;P
mircea_popescu: no matter what i say there's a bunch of retweets
mircea_popescu: dude i have stalkers on twitter
mjr_: which is why you specialize, and each entity deals with trying to obtain its goal
mjr_: most people's problems can be figured out by realizing that they don't know what their goal is
mjr_: trade happens on the secondary market between customers/brokers
mjr_: customers contact their brokers to get access to new stocks
mjr_: underwriter gets broker dealer to market make the new issue
mjr_: underwriter gives y btc to company who now no longer cares
error47311: but 2FA is a special case, dunno if all token are in the backup or not...
mircea_popescu: i never used a smartphone myself so perhaps not thge best person to say
mjr_: businesses don't want/shouldn't have to deal with the raising money beyond setting up an IPO
mjr_: but that is the point
error47311: mircea_popesc : dont care if some1 found it, still need all my password. But me, if i lose it and buy a new ! do i still have my token for all my wallet in my backup
mircea_popescu: and unfair to women and sarah sharp
nubbins`: harder than math, even
ThickAsThieves: you become a scammer direct target
ThickAsThieves: and if you announce you are looking to invest
mjr_: and i think most of what is on those other sites is trash
ThickAsThieves: finding assets to invest in isn't easy
mircea_popescu: if they knew where
mjr_: investors, get assets to invest in
ThickAsThieves: a guy that loves AMC
mircea_popescu: error47311 prolly the person finding it could use it like you used it
mjr_: company to get money to fund their operations
dub: idiots need a way to throw money at scammers bro
mjr_: you have to look at each entity's needs and goals
error47311: stupid question, if you lose your iphone and you restore a new one with your backup, what happend to google 2FA ?? every token are in ?
mircea_popescu: who is this guy anyway
mjr_: but it is very orderly when the exchange doesn't do EVERYTHING
ThickAsThieves: his next move will be to remove the walls at 25 that he promised not to move and were justifiable
nubbins`: heh, you'd need to fork folding@home to make sense of that
mjr_: anyways, i like the wild west too
ThickAsThieves: it's like their 4th offering, BTCT
ThickAsThieves: well the retardation folds on itself when you consider that AMC isn't even an IPO
mjr_: for example, look at what happened when erik wanted to release 3,000,000 more shares
mjr_: i think it could make sense
mircea_popescu: "asset" "issuers" upset that people undersold their worthless crap
mircea_popescu: remarkably, it was being the main point of discussing on glbse
kakobreklaa: job .. aint that just over broke?
ThickAsThieves: these are things I'm working on