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If you won the lottery, what would be your ONE crazy splurge?
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Originally posted by slow99 View PostYou can't "buy" or "sell" the actual VIX because it's just a number derived from a mathematical formula. Actually, being an accountant, you're no doubt familiar with the Black-Scholes option pricing model. The vix is actually the standard deviation backed out of the Black-Scholes model. It represents the price the market is paying for option insurance.
Due to its properties, you can only play it via options on the .vix, or an instrument like the VXX - a 60 day forward on the .vix. I prefer the VXX ... but you have to understand contango, negative roll-yield, and the way it reacts to the .vix b/c it's a futures contract. Regardless, you want the shortest term expiration you can get - VXX is shortest I've seen - to minimize negative roll yield. You'll get the roll yield problem no matter how you play it.
Vix represents the annualized implied price movement on the S&P over the next 30 days. Since we're dealing with standard deviations and not variances, you divide the vix by the square root of 12 to get the implied S&P movement (either up or down) over the next 30 days.
Vix of 15 (divide 15 by the sqrt of 12), implies a 30 day S&P500 movement (to the down or up side) of 4.3%.
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I would buy or build a big ass church and start my own religion.......one that played good music from the 60's, and communion was a big fucking bong hit, and every time we say "Amen" a midget would pop up from a hidden trap door and run around the room with a horn, and kids would be supervised in a cool part of the church that had fun shit for them to do and where I hired ninja nannys to make sure they are taken care of while you are getting your church on, and every sunday half of the donations from the previous sunday would be given to a member of the church in a cool sort of church lottery, and busses would be able to pick you up for church and drop you off after church(don't want you driving around stoned), and everyone has to wear a robe that covers up there clothes so that no one can pull that "im better than you because of my clothes" bullshit, and at the end of each sunday church service......there will be a perfectly choreographed lightsaber duel.
it would be hugeMay God give us strength and courage in the time of our darkest hours.
Semper Fi
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Originally posted by Jester View PostI would buy or build a big ass church and start my own religion.......one that played good music from the 60's, and communion was a big fucking bong hit, and every time we say "Amen" a midget would pop up from a hidden trap door and run around the room with a horn, and kids would be supervised in a cool part of the church that had fun shit for them to do and where I hired ninja nannys to make sure they are taken care of while you are getting your church on, and every sunday half of the donations from the previous sunday would be given to a member of the church in a cool sort of church lottery, and busses would be able to pick you up for church and drop you off after church(don't want you driving around stoned), and everyone has to wear a robe that covers up there clothes so that no one can pull that "im better than you because of my clothes" bullshit, and at the end of each sunday church service......there will be a perfectly choreographed lightsaber duel.
it would be huge
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Originally posted by slow99 View PostYou can't "buy" or "sell" the actual VIX because it's just a number derived from a mathematical formula. Actually, being an accountant, you're no doubt familiar with the Black-Scholes option pricing model. The vix is actually the standard deviation backed out of the Black-Scholes model. It represents the price the market is paying for option insurance.
Due to its properties, you can only play it via options on the .vix, or an instrument like the VXX - a 60 day forward on the .vix. I prefer the VXX ... but you have to understand contango, negative roll-yield, and the way it reacts to the .vix b/c it's a futures contract. Regardless, you want the shortest term expiration you can get - VXX is shortest I've seen - to minimize negative roll yield. You'll get the roll yield problem no matter how you play it.
Vix represents the annualized implied price movement on the S&P over the next 30 days. Since we're dealing with standard deviations and not variances, you divide the vix by the square root of 12 to get the implied S&P movement (either up or down) over the next 30 days.
Vix of 15 (divide 15 by the sqrt of 12), implies a 30 day S&P500 movement (to the down or up side) of 4.3%.
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Originally posted by racrguy View PostNow THAT'S a church/religion I can get behind. If only I could get my employer to not care about the devil's weed.
To preach the word of the Good Lord, ya atleast gotta keep it interesting! lolMay God give us strength and courage in the time of our darkest hours.
Semper Fi
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Originally posted by Jester View PostNobody is forced to take communion at my church! You can have a DrPepper instead.
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Originally posted by racrguy View PostMidget, while funny, would be infinitesimally funnier with "communion." Why, what you describe would be like going to the races with no gas, going shooting with no bullets, or going fishing with no hooks! You can do it, but what's the point?May God give us strength and courage in the time of our darkest hours.
Semper Fi
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I would hire my own personal ball washer. I would find a young, attractive woman, pay her a very generous salary, benefits galore...just to have her wash my balls whenever I wanted.
Sent from my LGL45C using Tapatalk 2"We, the people, are the rightful masters of both congress and the courts - not to overthrow the constitution, but to overthrow men who pervert the constitution." Abraham Lincoln
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Originally posted by slow99 View PostI'd dump shitloads into whatever dfwm suggested.
I'd hire slow99 to invest my cash for me, then get a badass twin turbo'd GT, and hire a shitload of people to pit maneuver and tire strip the cops chasing me on my regular triple digit blasts through the city...
That'd be the awesome.
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Originally posted by A+ View PostWhere's this deal, so I can do it right now
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