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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I saw the movie Captain Phillips this weekend with my son. A very intense and well done movie. I don’t think it gives anything away, (but, spoiler alert, if you don’t know how it ends and don’t want to then don’t read this) but at the end of the movie three SEAL snipers dispatch three […]
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