News for hackers. Stuff that matters.

A comment on S&P 500 triggers 15-minute trading halt for the second time this week. Parent comment

Re:S&P 500 triggers 15-minute trading halt for the second ti... by seabird on Thursday March 12, 2020 @01:33PM (#22559393)
The OP probably can't cash out on the RSUs at this point, and options plays are like shooting fish in a barrel at the moment. Remember that the hard part of an options play is knowing when something is going to happen with a fair amount of accuracy, but there probably won't be a miraculous recovery of the market in the next 24-48 hours.
[ Parent | on HN ]
Re:S&P 500 triggers 15-minute trading halt for the second ti... by highfrequency on Thursday March 12, 2020 @01:52PM (#22559628)
No, the hard part of trading anything is having edge over other people. Options are not priced assuming there will be a "miraculous recovery" in the next 24 hours. They're priced based on the world's expectation of future volatility, through a very competitive market mechanism. There is no reason to assume you have better insight than people who model this stuff full-time.

It's irresponsible to suggest that making money trading is akin to shooting fish in a barrel. Best case, it's a slightly negative EV gamble with high variance.

[ Parent | on HN ]