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hornhorn

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Posts posted by hornhorn

  1. 3 minutes ago, David Dennison said:

    Except for the socialism that America really, really, really likes.

    Wealthy people who pretty much pay most of the taxes, getting their own money back isn't socialism. 

    Its called a refund. Try again.

    • Fuck You 5
  2. 2 minutes ago, bad_teammate said:

    So you think a committee of Belgians and Swedes with clioboards is going to... what? Make our elections gay?

    What's your concern?

    Belgians and Swedes? 

    Yeah, let's fix this problem of minority vote suppression by bringing in more white people. Good call!

    • Fuck You 3
  3. 1 minute ago, washparkhorn said:

    Trumpkins going to trumpkin. Not all Trump supporters like this. There are getables - but not this lot. They won't bother to vote in November. I liked the turnout in Texas tonight for Democrats. Just need a way to bring the party together. Repubs are nervous about Texas turning into a toss-up. Watch out for voters - make sure they stay on roles, know where to go and offer them rides. Everyone can help in November. Make Trump work to win Texas. 

     

    If Biden gets the nomination, its either Trump or Trump light. 

    Does it matter?

    • Fuck You 3
  4. 15 minutes ago, bad_teammate said:

    Here's a study by Mercatus & George Mason paid for by the Koch Brothers that shows M4A saves money and provides better coverage.

    And M4A is an already-filed 100-page piece of legislation.

    Could there be more? Sure, but what else is on offer?

    I invite you to show me a better, more detailed, and more researched plan. :)

    Sounds like someone is trying to get chased around the kitchen.

     

    We've talked about this before and proven you wrong. That same study says that we will have to reduce provider reimbursement by 40%.  And it also says that even after doubling income and corporate taxes and reducing provider reimbursement by 40% they aren't sure if they can sustain M4ALL. Here it is on Page 21:

    Quote

    "As noted earlier, the federal cost of enacting the M4A Act would be such that doubling all federal individual and corporate income taxes going forward would be insufficient to fully finance the plan, even under the assumption that provider payment rates are reduced by over 40 percent for treatment of patients now covered by private insurance. Such an increase in the scope of federal government operations would precipitate a correspondingly large increase in federal taxation or debt and would be unprecedented if undertaken as an enduring federal commitment.50 There should be a robust public discussion of whether these outcomes are desirable and practicable before M4A’s enactment is seriously considered."

    Why do you, Bernie and your ilk keep being intentionally deceitful or willfully ignorant?

    • Fuck You 1
  5. 1 hour ago, Wally Fairway said:

     

    I am seeing comments today that RH was down because of coding glitches related to leap day, somehow yesterday their software was looking for March 3 quotes. The alleged confirmation of this is that the exact same thing happened 4 years ago.

    source: reddit/r/wsb

     

    silicon valley flirting GIF

    • Fuck You 1
  6. 3 minutes ago, jimmyjazz said:

    Thanks for the link . . . I'm not sure where you get "5" when he's pointing at "9" gaps, but regardless, I see the fills.

    FYI, over the timeframe that he charted, volume by price shows pretty big support around 3004, which is roughly what the S&P 500 touched (so far) today.

    SOXL was at the 178-182 range when those gaps occurred on the S&P, so it's close now (198) as well.  I have little faith in trying to correlate moves on a 3X ETF to those of a broad index, though.

    Yeah I was going by memory and went with a random number 5. My bad. 

     

  7. 3 minutes ago, jimmyjazz said:

    I've never paid a whole lot of attention to gaps on an index . . . when did that set up?

    There were 5 unfilled gaps as of last Friday, we filled every single one of them. The only one left is the one I mentioned.

     

     

     

  8. 1 hour ago, jimmyjazz said:

    Still watching.  SOXL was at $246 or so when I posted, and looks like it will open today ~ $205. 

    I'm 100% confident the administration will do everything it can to keep the market propped up this year, but a global recession would be impossible to overcome.  I'm just going to look at very simple technicals (moving averages) to signal a jump back in.

    The market needs to fill the gap between 2948-2972 with S&P, once it hits that you should be good to buy I think. 

    • Like 1
  9. On 1/11/2020 at 8:34 PM, jimmyjazz said:

    VIX options don't really work that way.  Held to expiry, they do, but in the meantime, what you think should be a win is a loss.

     

    On 1/12/2020 at 1:50 AM, hornhorn said:

    Uh no they work exactly as I said they do. VIX closed at 12.56 on Friday, a 12 handle is one of the lowest points it has been since early 2019. In the last six months it has been as high as 23. I'm aware that it has hit 11 something as well but this is still pretty low. 

    A contract for 17 call that expire in June 17 2020 is going for 2.55, let's say you buy 100 contracts: 10,000 X 2.55= 25,500. This is what you'll spend. 

    A contract for 17 put that expire on June 17 2020 is going for 2.30, let's say you sold 100 contracts: 10,000 X 2.30= 23,000 This is what you'll receive. 

    Net you spent $2,500. My bet is that VIX will spike up over 20 within the next few months at the very least, I'll remind you when it does and where these bets end up. Oh btw, it doesn't have to hit that high to make money. VIX can go to 15 next Friday and these trades make a great return.

    Why don't we wait until May and see where this ends up. Cool? 

    So those same VIX calls at 17 strike you bought, today are worth $3.5 X 10,000 = $35,000

    Those same puts at 17 strike today that you sold, are worth $1.7 X 10,000 = $17,000

    You sell those calls and buy back those puts.

    $35,000 - $17,000 = $18,000

    At its peak that $2,500 is worth $18,000 in less than 2 months. 

    This is why VIX works as a hedge. 

    • Like 1
  10. 3 minutes ago, Bozo_Casanova said:

    You come talking that trash, we’ll pull your card

    Only to issue you a new one. 

    Right away.

    Or maybe you already have two cards or three or four. Fucking novices.

    LOL.

    • Fuck You 6
  11. 1 minute ago, 4th&Five said:

    It's not the Obama thread you dumb fuck!

    Go read what I'm responding to you dumb fuck. Someone said its unimaginable how people can defend Trump to which I agree. But thats what jizz gobblers do, they accept everything done by their cult leaders. 

    Like most of you with Obama. 

    • Fuck You 28
  12. Just now, jimmyjazz said:

    I don't know -- you don't seem to have provided evidence that he did.  Do you have that evidence?

     

    Ah, you're 4 years old then. I guess you were born post 2015  and missed  Obama's involvement in Syria

    • Fuck You 19
  13. 2 minutes ago, bolverk said:

    Understood. You're just another late-comer troll. Trump boasted about ordering the assassination and yet you still provide nothing but distraction.

    I doubt you'll last long.

    So you're going to ignore Obama's involvement in Syria? Like I said, it takes some mental gymnastics to defend your cult leader. But you're doing it right!!

    • Fuck You 28
  14. 1 minute ago, jimmyjazz said:

    I'm pretty sure you have a couple of gaping holes in your logic.

    You mean like defending a president for dropping Depleted Uranium? Yeah nothing that large. 

    • Like 1
    • Fuck You 23
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