The minor place where I disagree with @vagishasoni:
The response to the ad is political. In terms of western equivalence, it’s like black people slamming an ad for praising slavery.
The key visual cue here is pregnancy. The girl is forced to accept terms because of pregnancy.
Pregnancy makes the ad look like glorifying what’s seen as love jihad, or forceful use of premarital relationships to trap esp Hindu girls.
Essentially, the ad was politically insensitive. The ornaments worn are typically Hindu. This makes the ad more one sided.
The bottom line is this:
What’s the ad about. What’s the target market.
What has the core idea of the ad got to do with the market realities.
How much of existing clientele got annoyed by this ad.
In a free and open market, customer is the king. Ad maker said (a)he’s the King.
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#options#notes
The days of relatively higher implied volatility seems to have come to an end now.
Bank nifty historical IV is now in 30s. IVP is now in the 50s.
Nifty is even lower. Historical IV around 20. IVP in 40s.
It’s like the days of Iron Vertical spreads and IB are on.
#options#notes
SBIN is at IV of late 40s. IVP around 50.
ITC is at IV late 30s. IVP just above 60.
NTPC is at IV 40s. IVP in 60s.
COALINDIA IV 40s IVP around 60.
Reliance IV around 40 IVP around 60.
LT IV 30s.
The thing is that 45 day trades are becoming very tough now.
With US elections possibly going to have an impact, indices are not that safe and stock options (the few ones that are liquid enough) are not that good for a 45 day duration.
72. #Options#Notes
After spending two months on actual trading of options(I am 7 trades wiser for which my tuition fees is close to ₹8000), it’s time to add a few more notes to this thread.
73. #Options#Notes
For a beginner who just wants to try out how options work, the command line interface type of learning is to go for currency options. You have to manually calculate everything. The payout is not in any easily viewable chart. It’s very taxing. But loss is tiny
74. #Options#Notes
My style of learning has always been about daring to make mistakes and learning from them.
Of the ₹8000 loss, one of the trades i deliberately allowed loss to go down to ₹5000. That one trade actually cost me a lot, but the learnings were wonderful.
Read this thread.
This had to be said because we have too many “uneducated literates”
in this country.
It’s important to see the data, appreciate the context and think about the available options without the benefit of hindsight.
What @oommen explicitly didn’t say:
In Jan-Feb, the babus must have had a tough time figuring out what’s going on. WHO was saying one thing. The Embassy in China, Vietnam, etc was hearing something else.
The administration had earlier experience with SARS(again a chinese virus).
At that time, we figured out that WHO can’t be trusted.
Countries like India don’t have the bandwidth or the resources like WHO. And we had to do the whole heavy lifting. As more information started trickling in, we were getting better prepared.
I don’t want to call this an #options#tradenotes. Nor do I really want to call it currency1.
Did a bull put spread on USD-INR atm.
73.75 at .1075 73.5 at .0375
Just 1 lot.
Worst I can only lose ₹300.
I can gain only ₹70.
I think fees is ₹27.
This is merely a test trade.
I missed a 0 in 300.
For buy I spent 37.5
For sell I got 107.5.
premium recieved = 70
Different in strike is 0.25.
BEP must be 73.75-.07
That’s like 73.68
I have about .18 in the remaining gap.
Lot size I believe is 1000.
For gap of .25, max is 250.
Then fees paid.
There is a reason we use the pejorative term “code coolie”. No, it’s not about getting paid peanuts for doing all the heavy lifting.
It’s got more to do with the skills, or the level of skills.
Let me add a bit of Bloom’s taxonomy here. I will use the revised 4 domain model.
/1
Just a quick intro. There are 4 domains:
Cognitive—thinking
Affective—passion
Psychomotor—getting your hands dirty
Knowledge—well, knowledge.
Each domain has 5 levels.
Level 1 is lowest.
/2
Most may not know that he was honoured as the outstanding parliamentarian in 2001. He was always very pleasing to listen in the House. A very old school Parliamentarian.
The nation shall always be indebted to #JaswantSingh for his contributions. To me, the biggest contribution by him was this one bill:
Fiscal Responsibility and Budget Management Bill(and now Act).
Just giving the link to the introductory speech.