Royal Dude
19 hours ago
Are we protected by our Broker? Who is our Feduciary???? Question the Dtcc.
To:xxxxxxx xxxx
Sat, Dec 21 at 1:41 PM
THE DIVIDEND POSITION AND ALLOCATION HISTORY ON THE ALLOCATION "TAB VIA CA WEB", SHOULD BE USED TO CONFIRM YOUR RECORD DATE POSITION HISTORY. Participants not responding to the above option by 8:00 P.M New York time on 12/23/2024, will receive the nonarm’s length interest payment at the unfavorable rate (less 25% Canadian non-resident tax withholding – default option). If there are any questions regarding this Important Notice or the processing of related instructions via CA WEB, participants should contact DTCC’s Customer Service Center at (888) 382-2721.
https://www.dtcc.com/-/media/Files/pdf/2024/12/12/20546-24.pdf
The Mortgage-Backed Securities Division (“MBSD”) of the Fixed Income Clearing Corporation (“FICC”) will be closed Wednesday, December 25, 2024, in observance of Christmas Day. The following changes in FICC's operations and schedules will be in effect: MBS Division Clearing, Pool Netting, and EPN Services: Users will receive output files from the Tuesday, December 24, 2024, evening pass by 2:00 a.m. EST on Wednesday, December 25, 2024. Clearing System
THE DIVIDEND POSITION AND ALLOCATION HISTORY ON THE ALLOCATION "TAB VIA CA WEB", SHOULD BE USED TO CONFIRM YOUR RECORD DATE POSITION HISTORY. Participants not responding to the above option by 8:00 P.M New York time on 12/23/2024, will receive the nonarm’s length interest payment at the unfavorable rate (less 25% Canadian non-resident tax withholding – default option). If there are any questions regarding this Important Notice or the processing of related instructions via CA WEB, participants should contact DTCC’s Customer Service Center at (888) 382-2721.
https://www.dtcc.com/-/media/Files/pdf/2024/12/12/20546-24.pdf
No trade input will be accepted on Wednesday, December 25, 2024. Trades executed on Wednesday, December 25, 2024, should be submitted on Thursday, December 26, 2024, along with trades for that day. The Trade Date field should show the actual trade date that the trade was executed. Pool Netting System No pool instructs will be accepted on Wednesday, December 25, 2024. EPN System No EPN messages will be accepted on Wednesday, December 25, 2024.
https://www.dtcc.com/-/media/Files/pdf/2024/12/18/MBS1364-24.pdf?fbclid=IwZXh0bgNhZW0CMTEAAR1TvOZe_4uBx6uRD9QzDtP6-groOn_E5f4kAiwkfyqs26RdPZK8H_UHE3A_aem_hP0MJJVPjX98iOgIJapCUw
https://www.dtcc.com/-/media/Files/pdf/2024/12/18/GOV1773-24.pdf?fbclid=IwZXh0bgNhZW0CMTEAAR2hxEkDwJnBEWl8FGZ2p9FJhykqSn31tVgzitFP0MOlFlUtGz5qAHt-GdE_aem_XGNO_ocdcQv-rMWy7kExRA
https://www.dtcc.com/-/media/Files/pdf/2024/12/18/GOV1773-24.pdf?fbclid=IwZXh0bgNhZW0CMTEAAR2hxEkDwJnBEWl8FGZ2p9FJhykqSn31tVgzitFP0MOlFlUtGz5qAHt-GdE_aem_XGNO_ocdcQv-rMWy7kExRA
https://www.dtcc.com/-/media/Files/pdf/2024/12/18/GOV1773-24.pdf?fbclid=IwZXh0bgNhZW0CMTAAAR39bo4sOxn1CPY6AcNhKfORYoQBErUOMo62Tdy0Eq9J30d5ULcIXpSFtiM_aem_KLr07t_U3SXyW_LA5G0-cA
AZCowboy
21 hours ago
~ XOOM, The LBHI CT's (10-b's) as well as the WMB Note's (17's) continue to function outside of the FDIC and JPMC' ... JPMC was servicing the WMB Notes (with a sub) for awhile, but NOT any longer, Now Things Have Changed' ... "It's ALL Good", ... I'm just NOT interested in posting about any of it, most here are NOT actual owners' anyway ! ! ~
THREE' of the NINE Trusts that were ALL Moved at the same time, are applicable to the financial relevance of the UQ's PQ's and the KQ's ... These Three of the nine total, are financially relevant by a designated Cusip Number, as placed upon ones submitted Release Document per ones amount of individual ownership, also listed ... these "Three of Nine" are Completely Separate from the WMB Notes' / Euro Bonds ... which are financially relevant in their own distinct right' ... ! ! !
By the following statement , you meant , the finalization of the PAA with JPMC, automatically takes care of the claims still pending on the FDIC site ?
WMI too had a ‘creditor claim’ with the FDIC’
That bodes well for UQ,PQ and KQ ... Yes, That Is Correct
There was and IS' a distinct reason and a distinct time line, that ALL NINE were ALL Moved simultaneously, and in my opinion, will ALL be revealed together as they return ... s@@n ... the entire process had already been revealed within the 10-K's ... so, no fanfare is necessary ... remember, the DTC is the assigned voting agent' ...
Merry Christmas
AZ
xoom
22 hours ago
AZ, Merry Christmas you as well.
By the following statement , you meant , the finalization of the PAA with JPMC, automatically takes care of the claims still pending on the FDIC site ?
WMI too had a ‘creditor claim’ with the FDIC’
That bodes well for UQ,PQ and KQ
what shows as mere claims on the FDIC site, are simply potential claims which will never be paid or never need to be addressed ... as the P&AA comes to a close and finalization with JPMC
AZCowboy
22 hours ago
~ WMB Notes / (aka) Euro Bonds (2012's WMI Plan 7's Class 17's), as well as LBHI's Capital Trust (CT's) (Class 10-a (Euro) and 10-b (domestic), pari-pasu in LBHI class 10) ... are Capital Asset Supported ... COOP' is merely a 2018' necessary acquired loan servicer ... COOP's Own Words' ~
... now, post 2015's WMIH 10-K Reported Sequential Events, three of the NINE Release Supported Cusips, dictate ones original released ownership ... (WMI Plan 7's Class 19 & 22) ... the other six cusips have nothing to do with us' ... ALL NINE' were moved simultaneously' ...
... LBHI Clase 11 and 12 original ownership are reasonably the same ... as WMI's Class 19 &n 22 ... "Equity Class Considerations"
the WMB Notes as well as the LBHI CT's are self-sufficient, and self-generating and continue to be serviced ... as an ACTUAL owner', (unlike the non-owners, guesser's, and mere mbr's) ...their functional continuation can be checked at will by an actual owner' ... like cactus' ... Yes, as an actual owner, I check them all daily
what shows as mere claims on the FDIC site, these are simply potential claims which will never move forward, never be paid or never need to be addressed ... as the P&AA comes to a close and finalization with JPMC
Merry Christmas
AZ
Nightdaytrader
2 days ago
BigBang, you don't really believe the theft would begin on Jan 20, 2025, do you? What do you think happened 16 years ago and has continued to this day (i.e..theft)? You think a new FDIC Chairperson is just going to walk in on Day #1 (Jan 20 - assuming Senate has confirmed that person) and release billions of dollars, without any sort of review? Not likely. If you have ever taken over a large, complex project, with a large budget, the first thing you do, before making any rash decisions, is to get up to speed on the project. I think the new Chairperson would want his/her new subordinates to review what has occurred over last 16 years, then brief the new Chairperson on current status, and path forward. That takes time, and possibly, even some reversals on previous decisions made.
So again, everybody keeps talking about waiting until the new administration. Again, I would rather have our money now, and if I have to pay more taxes this year, so be it (nobody knows what will happen in 2025 anyway). There is a reason we have cliches like "a bird in the hand is better than two in the bush."
JMHO
ND9
lodas
2 days ago
ItsMYOption..... sometimes if an option will GO AGAINST ME at options expiration, and, I like the position, I WILL DO A ROLL OF THE OPTION INTO A NEW TIME PERIOD, so as not to be assigned... one can also ROLL a covered call position, if the stock will be called away....yes, options are risky, and will vary greatly through the time to expiration....many years ago, my Broker (in those days we paid full commissions before free trading) rolled a put position he was down in for a long period until the position closed out positive... Thats the reason why I like to SELL naked puts.... there are options to mitigate delivery if the option suddenly goes against you...Lodas
lodas
2 days ago
The premiums TO CLOSE OUT AN OPTION POSITION does vary through the period of time to expiration.. of this, there is no doubt...many factors are involved in how the MM price an option to maturity... what my post was about is the probability of success at the expiration date....that is to say when the TIME of the option has expired....so, in your analysis, if you wanted to CLOSE OUT an option, then, your success rate would be at the variables of the pricing of the options based on the greeks BEFORE THE CLOSURE.... said another way:... the option must run for the FULL EXTENT OF TIME to determine your success probability....thanks for your clarification.... Lodas..........it is noted with yesterdays post by ItsMyOption, that he was waiting until today to close out his Naked Put on the Coop December 90 Strike....He would have to pay a premium to close his position prematurely until todays close.... In an option transaction, ONE BUYS AND SELL TIME....
sportyfelix
2 days ago
The statement you shared contains misconceptions about probabilities in options trading. Let's break it down statistically:
1. Buying Options:
The claim that you have a "50% chance of success" when buying a call or put is incorrect.
In reality, the probability of profiting from an option is influenced by:
The strike price.
The underlying asset's price movement.
Time to expiration.
Volatility and other factors (e.g., interest rates).
The probability of success is rarely an even 50% because options pricing incorporates implied volatility and the time decay of the option (theta). Options often require the underlying price to move significantly in your favor to overcome the cost of the premium.
2. Selling Options:
The claim that "selling options gives you a 66% chance of success" is also misleading.
Selling options typically provides a higher probability of collecting a premium because the option seller profits as long as the underlying price stays within a specific range (above the strike price for puts or below the strike price for calls).
This higher probability is due to:
Time decay (theta), which benefits option sellers.
The fact that most options expire worthless.
However, there are critical nuances:
Risk-Reward Tradeoff: Selling options comes with uncapped risk in some cases (e.g., selling naked calls), whereas buying options limits losses to the premium paid.
Assignment Risk: If the option finishes in the money, sellers might face obligations (e.g., being assigned a stock or delivering shares).
3. The Misinterpretation of "Two Ways Out of Three":
The claim that selling options gives "2 ways out of 3" to win oversimplifies the scenario:
Winning Scenarios for Selling a Put:
The underlying price stays above the strike price, and you keep the premium.
The underlying price is at the strike price, and you keep the premium.
Losing Scenario: 3. The underlying price falls below the strike price, and you are assigned the option.
While it’s true that selling options can provide a higher probability of profit due to theta decay and other factors, the "2 out of 3" framing is not a rigorous statistical analysis. It oversimplifies the complexities of pricing, implied volatility, and the range of potential outcomes.
Conclusion:
The probabilities of success for buying or selling options are not fixed percentages like 50% or 66%. They are dynamic and depend on various market factors and the specific strategy employed. Selling options often has a higher probability of success but comes with its own risks and considerations. A more detailed understanding of the Greeks (e.g., delta, gamma, theta, vega) and risk management strategies is essential for informed options trading.
lodas
2 days ago
jhdf51........never buy a Put or a Call option unless you are 100% sure of the outcome at expiration.... why? you only a 50% chance of success... said another way... you either win, or lose...... however by Selling a Put, or Call options, you have a 66% chance of winning, or 2 ways out of three... why?.... if the PUT option is above the Strike price at option expiration... then you win.... if the Strike Price is at the Selling price, then you win..... if the strike Price is below the selling Price, then you will be assigned the option, however, you dont lose in a sense of dollars , but in position... you are now LONG the stock, and can then SELL Call options on the stock that was assigned to you for a premium for the next option cycle....the only way you lose on a PUT option is if the COMPANY GOES BANKRUPT!!!... here is a good example of what someone could have made a fortune in Selling Puts on say, Amazon these last 16 years from the market crash in 2008... IF one had Sold Puts on Amazon at the lows in the 20's in 2008, he would have NEVER SUFFERED AN ASSIGNMENT OF THE STOCK, AND MADE A FORTUNE BY NEVER OWNING THE STOCK!!!!!!!...said another way by example:... if you never got in an accident with your car since 2008, the insurance company would have collected a fortune from you without ever paying off a claim to you.... pretty neat huh!..... beats selling cars all day..... Lodas
Nightdaytrader
3 days ago
A bird in the hand is worth two in the bush. I would rather get our money now, rather than wait for a new administration, and possibly, even more delays and or the possibility, we don't even get the money... DOGE just had an issue with new Continuing Resolution, containing pork. You think they are going to just agree on Jan 20th for the FDIC to disperse Billions. I doubt it... I hope we get it before then. I don't care if I have to pay more taxes in 2024.
JMHO
ND9