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LOL! But, Bill, you didn't tell the rest of that heart-rending story. As it
turns out, aliens in humanoid bodies had been infiltrating the world for
years. You couldn't recognize them except for some occasional, almost
unnoticeable blunder in their knowledge of Planet Earth. For instance, there
were some aliens who would be ignorant about the fact that Germany borders
on the North Sea which is part of the Atlantic Ocean. By these tiny mistakes
you could sometimes spot them. :-)
Well, the next day the aliens openly take over the White House and the
market tanks. A huge downward gap renders the stops the futures traders had
placed in their accounts all but useless; the pitiful wailing of these poor
souls is heard all the way to Nevada. At the same time, premiums come
roaring back and option traders make a killing. With a heavy heart, the
surfer/option trader gets into his BMW and drives to his favorite resort at
the North Sea (www.st.peter-ording.de), there to meet Tommy Lee Jones and
Willie Smith. Can they save the world?
Michael Suesserott
Bill Wynne wrote:
> Yet another case: at expiration market has not moved. All long options
> strategies at or near the money lose near 100% of the premiums paid. You
> roll over your e-mini for the price of commission and replace the
> stop. You
> walk across the sandy beach into the blue surf. The warm tropical water
> feels good, but a tear rolls down your face and you think sadly: "Poor
> German surfer/traders....they must get in their BMW's and drive to France
> just to get wet...."
>
> :)
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