Hot for (financial) devirates……………………………………………………?
LOOK: this is a confession! From Thu. 6/9 till Wed. 12/9 ’11: when two aeroplanes flew into the WTC building and people were jumping out off windows to die, I gained about €1486. (fl.7716 (saldo re, bld 25) -4440 (saldo li, bld 21)= fl.3276,-). This profit was caused by purchasing and selling one fairly small long position (by 3 call options AEX 47; speculating on increasing rates: a bull market) and 2 fairly small short positions (by 2 x 3 put options AEX 48 & 50, speculating on diminishing rates, a bear market). The idea is to cover long positions by short positions and the other way around. All this is meant to explain the tennis babe but photo down below in this blog. I think people should realize (by that time) about 2000 billion dollars a day were turned over on the whole market of financial derivates, which includes not only options but also futures, currency, T bounds etc. Lots of this trade is done automatically by computers and almost only professionals are involved. Two thousand billion dollars mean about 2000/6= $366,- a person a day on this earth!!! To me this is unfair and way out of proportion because most a lot of people don’t even have money to buy a decent meal and a lot people don’t know even know what a financial derivate is!
CAUSE An option is a RIGHT to buy or sell stocks. These RIGHTS can be written or purchased. All orders are cleared by the office of a particular option exchange market, this is a firm or company. The option market itself is a closed market: the one who writes an option, get paid the one who buys an options pays to this office. It is hard to tell who takes the risks and guarantees of not selling a written option or not buying a wanted option at particular rates: specialised firms and banks are involved. In the case ABOVE I was trying a new strategy known as having a SPREAD. I had both short and long positions, because I had lost lots of money already. I decided to take profit whenever it was doubled. Also you can see I cashed in between by selling AEX 50 puts and replaced them by AEX 48 puts. Obviously I was impressed by the nine eleven attack ; I didn’t trade a few days. On Sep 18 I took a long position, probably speculating on a rebound of the AEX! Which, by the way, could also easily be sold out as: ‘Yes sir, our office started to buy support purchases to prevent markets from further going downwards’ J. Question remains: what if I just had this put AEX 50 making the money till 21 sept ’11? It was covered by 5 call options! And that is why I decided to be a lousy broker; I never regretted this decision.
SO: NO, I am NOT going to defend Mohamed Atta, the leader of this Pact. Atta was educated as an architect & urban designer; this probably explains his so mean aimed targets: I think he has fore seen what an impact this attack would have on the western world. However; I do fight this opinion that (a lack of) education and terrorism have nothing to do with each other! Namely: it will take a good education to realize that (most of) your family and people you belong to are poorly educated. My theory is that this causes a kind of loneliness and then these terrorizing thoughts of hate have a chance to grow bigger and bigger, until they reach a point of no return and the decision to act as a terrorist become inevitable. Of course I do respect the suffering of American citizens who lost family, friends or colleges. But don’t you guys think it is also about time to honor innocent Afghanistan and Iraqi civilians who died as collateral damage by George W. Bush hunting down Osama Bin Laden?
CONCLUSION1: I don’t think terrorism can be fought, because terrorists can’t be identified. Stop torturing persons to confess they are: you will only create more hate and martyrs and therefore more terrorists! No, I am not going to check other stuff on what I WAS DOING 9/11, though I could if I was forced to so.
CONCLUSION2: YES; I stated a lot in this blog: 1 my doubts on trading financial derivates and 2 I have my doubts on American foreign politics.
This is a second version; I just could do any better.
