Let me add one word symbol is 1 percentile {%} I go for 1% premium earn to a month sell put options with a sell put strike price lower why because the IV is lower and so the chances of getting it assigned to me is low for me 1% profit sometimes people laugh at me earn 1% -1.5% only a month but I value winning more than potentially high profits . $Manulife(MFC)$ $SPDR S&P 500 ETF Trust(SPY)$
1. Delta (Δ): Delta measures the sensitivity of an option's price to changes in the underlying asset's price. It indicates how much the option's price is expected to change for a $1 change in the underlying asset's price.
2. Gamma (Γ): Gamma represents the rate of change of an option's delta concerning changes in the underlying asset's price. It measures how delta itself changes as the underlying asset price moves.
3. Theta (Θ): Theta measures the rate of time decay of an option's value. It indicates how much the option's price is expected to decrease as time passes, assuming all other factors remain constant.
4. Vega (ν): Vega quantifies an option's sensitivity to changes in implied volatility. It measures how much an option's price is expected to change for a 1% change in implied volatility.
5. Rho (ρ): Rho measures an option's sensitivity to changes in interest rates. It reflects how much the option's price is expected to change for a 1% change in interest rates.
6. Lambda (λ): Lambda is less commonly used than the other Greek letters, but it represents the percentage change in an option's delta for a 1% change in the price of the underlying asset.
These Greek letters are vital for options traders and investors to assess and manage risk, construct strategies, and understand how options respond to market dynamics.
@MillionaireTiger @Daily_Discussion @TigerStars Do feature me thanks For the new word I created
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
noob question here... are high interest rates still helping insurance companies? It used to be the case but I haven't seen any correlation this time around.
Can MFC go back to $40s? I think it needs PR more than anything else
What’s your exit price on this one? I think once it hits 27-28. If it does. It can never seem to get above 26
It is no secret SPY performs the worst in September. According to seasonality data, the SP500 returns an average (10 Years) of -1.64% in September. From current prices, -1.64% drawdown is roughly at $443, the same area(s) as my short targets at the 50 SMA and 200 EMA.
The accounting rules for Life insurance companies has changed since Jan 2023. Based on the new rules, profits are distributed in longer period. Which means life cos like MFC will have more sustainable income with less fluctuations in longer future but for the start they need to reverse some previous retained earning. This is the cause for book value drop in MFC and all other life Cos.
MFC often looks good because it looks inexpensive, but there is little follow-through after frequent analysts' recommendations. Good luck if you hold it.
I have owned it for years as essentially a sleeper stock. You never hear about it, but that great dividend always comes through. Long MFC
The reason Warren Buffet is successful is his ability to find stocks other people can't evaluate properly.
SPY continueing run in small range. so far i can see spy is in overbought range right now. Can correction anytime.
Next divident increase will come soon. Price of stock will follow.