Something I’ve learned over the years in the equity markets is to build on your investing strategies. In other words, just because you come across a new strategy, doesn’t mean you abandon everything else you’ve learned, and wear blinders while experimenting with the new strategy. There are a few schools of thought on Wall Street […]
Continue reading
I received an email recently asking why my book focuses on warrant trading and not warrant investing. Wall Street has created very deep and emotional connotations that most individuals have internalized around the terms “trading” and “investing.” Generally, investing is “good” and “trading” is bad. Why would Wall Street spend money (advertising, white papers, academic […]
Continue reading
I’ve covered a portion of my BAC short from Friday. I’ve bought back 450 shares at 16.27. You can read the original post that began this trade here. Sharp moves like we see this morning are usually great opportunities to adjust a percentage hedge to either make a profit, or place the hedge in a […]
Continue reading
Several readers have asked me to walk them through exactly how a percentage, or delta, hedge works in a real life example. So, here we go. Over the next several weeks I’ll be doing a percentage hedge in Bank of America (BAC) common stock and the Bank of America Class A Warrants (BACWSA). I’ll […]
Continue reading
In response to my email to subscribers yesterday, and my SPAC post, I received some excellent emails with thoughtful comments and questions. Thank you, you guys are awesome! One of the questions, which I get asked often, is whether you have to be a day trader to trade warrants. The answer is absolutely not. I’ve […]
Continue reading