Thoughts on AAPL Risk

The recent potential Iranian oil crisis and subsequent rise in gasoline prices to unseen levels is a reminder of how "black swan" events can impact our lives in unforeseen and unforeseeable ways.

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The Road Goes on Forever

One of the effects of the seasonality of options (that I talk a lot about with my students) is that premium sellers see the most dramatic erosion of the time value of options they have sold during the last week of the options cycle.

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