1. "the Alberta Government ...holds the liability of the ATRF plan.."
Absolutely, unequivocaly false. Read the Teachers' Pension Plan Act. Any liabilities are paid off 49% by the GOA/51% by the teachers. #AbLeg #abpoli
This is your daily pension announcement. Lots of you have heard back from your MLA with the the statement below👇. This one is from @JasonCoppingAB, but they are all the same. You need to go back at your MLAs HARD because this is some Stalin level disinformation. #AbLeg #abpoli
1. "the Alberta Government ...holds the liability of the ATRF plan.."
Absolutely, unequivocaly false. Read the Teachers' Pension Plan Act. Any liabilities are paid off 49% by the GOA/51% by the teachers. #AbLeg #abpoli
(even the Fraser Institute admits this) #AbLeg #handsoffmypension
Just nope. #AbLeg #handsoffmypension This is a backdoor overreach into the ATRF's affairs.
ATRF is not a lone dissenting plan. AIMCO has failed to reach agreement with 4 plans, 3 of which are clients. #AbLeg #abpoli
The benefit is defined in law but the contributions sure are not.
Here 👇 is the news release where (read the whole thing), where AIMCO 10 year return is 8.2%.
https://t.co/0fNy2PTQtc
Because of differences in asset mix and end dates this is the wrong kind of comparison to make. #AbLeg @JasonCoppingAB should have done their homework. #handsoffmypension
https://t.co/a43TLJdCQk
"Between AIMCo’s inception and May 31, 2020, the LAPP portfolio returned an annualized 6.18% versus a LAPP policy benchmark return of 6.76%."
Long term my ass. #AbLeg #handsoffmypension
Pension warriors go back to your MLAs. Demand answers, particularly on who carries the liability for a JOINT plan. #AbLeg #abpoli #handsoffmypension
More from Finance
Ok here is the explanation. Grab a cup of coffee and read on. If you have not read/noticed this, you will see intraday options movement in a new light.
Say we have two options, one 50 delta ATM options and another 30 delta OTM option. Normally for a 100 point move, the ATM option will move 50 points and the OTM option will move 30 points. But in a high volatile environment, the OTM option will also move nearly 50 points
To understand why this happens, first understand why an ATM option is 50 delta. An ATM option has the probability of 50% of expiring as ITM. The price just has to close a rupee above the strike for the CE to be ITM and vice versa for PEs
Now think of a highly volatile day like today. If someone is asked where the BNF will close for the day or expiry, no one can answer. BNF can close freakin anywhere, That makes every option of an equal probability of being ITM. So all options have a 50% probability of being ITM
Hence, when a huge volatile move starts, all OTM options behave like ATM options. This phenomenon was first observed in the Black Monday crash of 1987 at Wall Street, which also gave rise to the volatility skew/smirk
In a high IV environment or when the market is very volatile
— Subhadip Nandy (@SubhadipNandy16) January 21, 2022
" OTM options will behave like ATM options", one will get almost the same delta movement
Say we have two options, one 50 delta ATM options and another 30 delta OTM option. Normally for a 100 point move, the ATM option will move 50 points and the OTM option will move 30 points. But in a high volatile environment, the OTM option will also move nearly 50 points
To understand why this happens, first understand why an ATM option is 50 delta. An ATM option has the probability of 50% of expiring as ITM. The price just has to close a rupee above the strike for the CE to be ITM and vice versa for PEs
Now think of a highly volatile day like today. If someone is asked where the BNF will close for the day or expiry, no one can answer. BNF can close freakin anywhere, That makes every option of an equal probability of being ITM. So all options have a 50% probability of being ITM
Hence, when a huge volatile move starts, all OTM options behave like ATM options. This phenomenon was first observed in the Black Monday crash of 1987 at Wall Street, which also gave rise to the volatility skew/smirk
