Options

“Right now we only have the binary yes, no. We want to have things like futures, like swaps, options, all of that.”

“It's actually really hard to price an option, especially if you're retail and especially if you're using like an app that doesn't give you the information that you need. And so you're kind of getting fleeced because there was like very complicated structures.”

“We're active in three to 4000 public company names in their option, in their options. Every single day. So we have a very, a broad, really broad portfolio.”

“Options was up 20%, close to 20% last year. Equities up 14%.”

“You can't move options into an air vocal trust. You have to move exercise shares into an air vocal trust.”

“So when you're a trader and you're starting off, like you start with a small amount of money, you trade like mad, right? Like you buy way out of the money options if you don't have enough capital to do trading another way. I'm talking like, 1920 years ago now.…”

“Yeah, so we repriced the options, so we I went to the board, I said, look I believe the whole idea of stock options is to be motivated which that, so we had another four, nine, eight, it's called to tell us the current correct price, and we repriced all our op…”

“This is why, at this point, and in the month of August, we've owned more options in our portfolio than, it's probably top five in our history.”

“So the thing that we think is repeatable is having an edge in trade structuring and implementation. So basically instead of saying, I'm going to put all my eggs in the Euro basket or put all my eggs in the basket of the tenures going up, sort of view things th…”

“People get so fixated on the amount of options that they're getting, but options don't actually mean anything. If you don't know how many options are outstanding Or what the actual value is of those options.”

“Otherwise, what will happen is if you join a company in this moment, at a fake valuation, and the valuation gets reset, you can effectively assume your options are worth zero.”

“If you're just buying options at early stage venture, then price doesn't matter. Then you want to have as many shots on goal as possible. You want extreme volatility and long tails, right? All the stuff that you don't want when you're buying a series of cash f…”

“Options provide a risk transference mechanism, like insurance. And buyers of insurance, over time, typically overbuy, but they sleep well at night. And sellers of insurance make a lot of money, but they better know how to manage their risk.”

“You're less likely to be hurt buying an option. You might bleed to death over a long period of time, but you're not going to be, you know, taken out tomorrow on a stretcher if you're, you know, buying options.”

“When we do sell options, let's stay shorter dated to take advantage of time decay, and when we buy options, let's buy a little longer dated so that we're not hurt by that fate of lead.”