ajax wrote:ned wrote:DTDT wrote:The trading analogy is broken. You plan on legging into your law degree? That's dumb.
I'm planning on attending in the Fall and hopefully I can take some profits by 2L and hold a small short into year 3 vs my long Cornell 2L.
PS I am not a SD native but I've been to Coronado twice. I'm sorry for the future weather you will experience here in NYC.
I will approach my law school decision with a derivatives trading analogy. For my 1L, I'm going with a call on Dec 2012 and also May 2013. But I'm gonna offset that risk with some long-term puts for 2L and 3L, just in case the job market takes another dive. Meanwhile, I'll set up an iron condor over each summer and earn premium from Fordham's off-season volatility. Once I'm within a couple months of graduation, I'll go heavy into the May 2015 calls at 130 and 145. So if I wind up with biglaw, I'm set, but if I wind up somewhere else, I'm still covered.
Are you trying to impress, because you're an option trader? Most people with those jobs went to good schools... on athletic scholarship.
Try spouting some more about volatility though. Doesn't take a genius to figure out that selling options is shorting volatility. It also doesn't take a genius to realize that beginning law school fall 2012 is likely a terrible idea.
Haha, this is hilarious. Yeah, I went to MIT on an athletic scholarship. And I don't actually work in finance. Fine art is more like it. And FYI trading options is not shorting volatility, though you can do that with certain complex trades. I was just making light of your silly analogy is all. You don't need to be a genius to get that. So hopefully now you get that.