the Signal Green RS at Gooding
#61
#62
Burning Brakes
He is not selling calls. He is selling puts. Selling otm puts not a bad strategy as vol can easily collapse but it doesn't mean revert with the same speed that it can explode to the upside. He is getting long vol, getting short vol of vol.
At least that is what I would guess.
Otherwise the classic strategy of just selling calls (selling vol and vol of vol) is profitable until it's not as you point out.
At least that is what I would guess.
Otherwise the classic strategy of just selling calls (selling vol and vol of vol) is profitable until it's not as you point out.
#63
Wrong Auction for this car and expecting that price! Scottsdale? What couldn't get into Berret Jackson? The place to take that car to would be Amelia Island. Amelia Island is THE place to sell Porsche's at Auction and many Industry will say the same. Wayne Carini for one would take it there instead of Scottsdale or even Pebble Beach. And it would be a lot cheaper for him to transport from his shop. Assuming that is where it is.
#64
#65
He is not selling calls. He is selling puts. Selling otm puts not a bad strategy as vol can easily collapse but it doesn't mean revert with the same speed that it can explode to the upside. He is getting long vol, getting short vol of vol.
At least that is what I would guess.
Otherwise the classic strategy of just selling calls (selling vol and vol of vol) is profitable until it's not as you point out.
At least that is what I would guess.
Otherwise the classic strategy of just selling calls (selling vol and vol of vol) is profitable until it's not as you point out.
#66
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
man, ballsy. but it's easier just play cards at vegas
#67
Drifting
Join Date: Jul 2009
Location: Belmont Shore in Long Beach CA
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I was referring to selling the car in Scottsdale in reference to citing Barrett Jackson( it's difficult to express sarcasm in the forums ) I know Barrett Jackson isn't the Auction for this car just as much as any Mecum Auction as well.
I agree with Eduardo in all regards.
I don't believe anything I see on TV except "ancient astronaut theorist"!
Wayne has had good luck with auctioning Porsches and Amelia Island. And I will agree you might find two, or more, bidders in Carmel, or Scottsdale that would end up with a greater price than Amelia Island's auctions.
I agree with Eduardo in all regards.
I don't believe anything I see on TV except "ancient astronaut theorist"!
Wayne has had good luck with auctioning Porsches and Amelia Island. And I will agree you might find two, or more, bidders in Carmel, or Scottsdale that would end up with a greater price than Amelia Island's auctions.
Last edited by Tacet-Conundrum; 01-11-2015 at 11:43 AM.
#68
Nordschleife Master
#69
Rennlist Member
I was going to ask what was the original point of this thread.
But the variety of posts have been very interesting so I will just keep reading instead
But the variety of posts have been very interesting so I will just keep reading instead
#70
Burning Brakes
#71
You're 100% correct I was thinking naked calls as reading about naked puts. Someone made a ton over the past 5 years !!
He is not selling calls. He is selling puts. Selling otm puts not a bad strategy as vol can easily collapse but it doesn't mean revert with the same speed that it can explode to the upside. He is getting long vol, getting short vol of vol.
At least that is what I would guess.
Otherwise the classic strategy of just selling calls (selling vol and vol of vol) is profitable until it's not as you point out.
At least that is what I would guess.
Otherwise the classic strategy of just selling calls (selling vol and vol of vol) is profitable until it's not as you point out.
#72
It's definitely been nice side income and I've been able to easily outperform the S&P returns in the past 5 years. That being said, I have taken big daily losses when I was stopped out a few times taking 5 figure losses in a day (Greek crisis, Japanese quake, etc). The strategy is to squirrel away as much as possible premium over the months so that it more than covers the losses. The more I trade the more I learn and the more I realize how much more there is to learn.
#73
Drifting
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Location: Belmont Shore in Long Beach CA
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It's definitely been nice side income and I've been able to easily outperform the S&P returns in the past 5 years. That being said, I have taken big daily losses when I was stopped out a few times taking 5 figure losses in a day (Greek crisis, Japanese quake, etc). The strategy is to squirrel away as much as possible premium over the months so that it more than covers the losses. The more I trade the more I learn and the more I realize how much more there is to learn.
I have a question, what happened in August 2013 - that's the month Hagerty Insurance shows the collector car market really start going through the roof, well April - August, going through the roof, literally(?)! But the Ferrari market was rising slowly for the previous five years or so; 2013 the scene just exploded.
Last edited by Tacet-Conundrum; 01-12-2015 at 01:23 PM.
#75
So when is the auction for the Frog?