stock market crash

[BR14]

If it's in your imagination, is it still a loss?

Does a tree, falling alone in the forest, make any sound?

[Old Greg]

Does a tree, falling alone in the forest, make any sound?

Not if you put it on 'Ignore'.

[Andy2]

FTSE is rising and scooty's networth is falling

[BABABlackSheep]

FTSE is rising and scooty's networth is falling

It will still be bouncing off the 6000 resistance .. showing a 100% certainty of an imminent drop to 4500.

See.. saved him the trouble of posting.

[Whorty]

Not if you put it on 'Ignore'.

Whilst i have Scooty on ignore, if someone replies to him and quotes him I still see his drivel .... so he's not completely ignored, but enough that I'm not constantly spilling my coffee as I laugh at him

[scooterscot]

See I told yah. Resistance is futile. He can't help himself to read my top notch quality thread.

[Whorty]

FTSE is rising and scooty's networth is falling

Isn't he claiming he has a Put Option? So all that is at risk is the premium (plus any commission)? Of course, we don't know what the premium and commission is on a £250k bet (I know, I'm pretending he really has this trade).

Aren't Puts time-bound (even though Scooty claims he doesn't try to time the market!)? So if the FTSE doesn't hit the Scooty magical number of 4500 (or whatever) he will definitely be in loss. Or, as he says, -ve gain

[DealorNoDeal]

Isn't he claiming he has a Put Option? So all that is at risk is the premium (plus any commission)? Of course, we don't know what the premium and commission is on a £250k bet (I know, I'm pretending he really has this trade).

Aren't Puts time-bound (even though Scooty claims he doesn't try to time the market!)? So if the FTSE doesn't hit the Scooty magical number of 4500 (or whatever) he will definitely be in loss. Or, as he says, -ve gain

He says he's bought $250,000 of put options.

Those options will have a strike price for the FTSE eg. 5500. They will also have an expiry date eg. 31 Oct 2020.

In this example, unless the FTSE is below 5500 on 31 Oct, the options will expire worthless (total loss of $250,000). Just to break even (get the $250,000 back), the FTSE would have to fall quite a way under 5500.

He says the options have already lost $75,000. So they are now only worth $175,000. If the FTSE stays around 6000, then the rate of decline will accelerate as the option expiry date gets nearer.

Bottom line: he's risking a total loss of $250,000

[Paralytic]

He says he's bought $250,000 of put options.

Those options will have a strike price for the FTSE eg. 5500. They will also have an expiry date eg. 31 Oct 2020.

In this example, unless the FTSE is below 5500 on 31 Oct, the options will expire worthless (total loss of $250,000). Just to break even (get the $250,000 back), the FTSE would have to fall quite a way under 5500.

He says the options have already lost $75,000. So they are now only worth $175,000. If the FTSE stays around 6000, then the rate of decline will accelerate as the option expiry date gets nearer.

Bottom line: he's risking a total loss of $250,000

The fact that people are speculating on what he bought (or, in his words, negatively sold) and he's not telling people when they ask, tells me he's telling porkies (or, in his words, negative beefies).

[Old Greg]

It will still be bouncing off the 6000 resistance .. showing a 100% certainty of an imminent drop to 4500.

See.. saved him the trouble of posting.

It has to test resistance levels first.