My sister and I recently sold my mom’s house. Which meant lots, and lots of cleaning and going through STUFF. One piece of stuff, that made me smile when I saw the box cover, was my old 75 in 1 electronic project kit. As a kid I spent hours and hours hooking up wires in […]
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You know how you think something is one way and it turns out it’s completely different? I’ve been re-reading Thinking, Fast and Slow. How easily people “believe” something when they have very little information fascinates me. Before I went to Wall Street, to learn trading and warrant arbitrage, I thought market makers were probably aloof […]
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I’ve covered a portion of my BAC short from Friday. I’ve bought back 450 shares at 16.27. You can read the original post that began this trade here. Sharp moves like we see this morning are usually great opportunities to adjust a percentage hedge to either make a profit, or place the hedge in a […]
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Several readers have asked me to walk them through exactly how a percentage, or delta, hedge works in a real life example. So, here we go. Over the next several weeks I’ll be doing a percentage hedge in Bank of America (BAC) common stock and the Bank of America Class A Warrants (BACWSA). I’ll […]
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