An option buyer made Rs. 58 lacs from Rs. 2 lac capital in a span of just one month (March 2020 COVID crash).

He is none other than Mr. Subasish Pani.

THREAD: 11 things you must know to become an option buyer.

Collaborated with @AdityaTodmal

•Don't get carried away with the kind of return that Mr. Pani made in such a short period of time.

•This requires a high level of skill, and discipline in terms of which strike to choose, which time to trade, and which days to trade.

•It also comes with higher drawdown.

1/ Screen Time:

• Indian markets function from 9:15-15:30.

• Dividing this time zone into 3 sub parts:
- 9:15 to 10:30: trending market
- 10:30 to 13:30: for retracement
- 13:30 to 3:30: trending

2/ Focus on momentum:

• Option buyers make money when the momentum is quick.

• However if the market remain sideways for few days then the option starts to lose its value.

• This is because theta decay works against option buyers.

3/ Option buyers need momentum to make money:

• Hence focus on the 1st & 2nd time zone where the markets are trending.

• Avoid taking trades between 10:30am till 13:30.

• Special focus on Wednesday & Thursday as premiums are low and if you can catch momentum then good R/R.

Few terminologies you should know before you buy any share.

A Thread 🧵👇

When you're buying your first share, you placed an order than your Demat account. There are many terms should be aware of :

1/ Order - It is a show of intent to buy or sell shares in a given price range.

For example, you may place an order to buy up to 100 shares of Company A, at a maximum price of ₹80 per share.

2/ Bid - Your bid is the amount that you are willing to pay for a share.

3/ Bid-ask spread - This is the difference between the amount people are willing to spend to buy a share and the amount at which the shareholders are willing to sell a share. A trade can only happen when this spread is resolved.

Yesterday, responding to a Bloomberg article which claimed that Zimbabwe’s ‘trade surplus’ is evidence of progress, I pointed out that a trade deficit is not necessarily a bad thing. Indeed, it is not. 1/20

I illustrated this with FDI, which can result in trade imbalance. FDI is good but it can create temporary import pressures, a ‘healthy’ trade imbalance. A trade surplus in and of itself is not a measure of economic performance. 2/20

A number of people could not understand how FDI could in any way be related to imports. This thread is for their benefit i.e., @tafadzwamerere, @PatsDaMan, @sabepe83, @AlekeMukunga, @mkhwananzivusa, @muzekepwa and @DzeShe88. 3/20

The first point is that FDI is not limited to financial flows. To grow productive capacity of a country, it can lead to growth of imports of capital and intermediate inputs for industry. Zimbabwe has few industries producing these. 4/20

Those asset and intermediate inputs flows are recorded as imports. A simple example below: 5/20

So one last go.

I will try to do this thread without swearing but it will be hard…
…and I’m afraid im really going to have to spell it out to some of you.

This EU has set out a way back to Rejoin…but many of you remainers still don’t get it....

- A thread -

2/

How many of you wanging on about Starmer actually read the treaty or commentary on it?

Of course it’s lousy. But in 1 way it’s good:
If you’d read it, you'd know EU have cleverly & quite deliberately set out a way back to rejoin..

...with big bl**dy lanterns to mark the way

3/
The treaty sets up not just a framework for constant negotiations but 5 year reviews for “adjustment”. Anything is possible 2026:
Single Market, alignment up to 90% of EU membership – but one thing won’t be – Rejoin.
& that’s as 2024 election won’t be fought on 2nd referendum.

4/

Johnson/a Brexiter will be PM in 2024 – they’ll win any election on 2nd referendum – easily.
Which is why Labour ruled it out.

Also not clear EU would be exactly "enthralled" by a non-aligned state suddenly deciding it’ll (re)join EU.

You – all of us - need to get smarter.

5/

What we all must understand....and fast is:

The road to rejoining the EU runs thru alignment...

....Which runs thru 2026 review...

....Which depends on 2024 election.

So how do we get there?

#wallstreetbets #WallStreetBetsnew #wallstreetsbets #GME #GameStop #reddit #robinhood
Hey, do you want revenge against #WallStreet ? #silversqueeze
Read this thread and RETWEET and speak of it around as much as you can please🚀
edit: Other threads to follow bcause not enough spc

Today wallstreet decided to take your money and pop the bubbles they helped you to create and I can say with 100% confidence that they made money on the way up then they gonna make money on the way down. They rule THEIR game!

But what they've done since a very long time to protect the system that serves their hegemony is suppress the price of one of the most ancient and most popular form of money throughout the history: SILVER

They do it because #wallstreet is dependent of the dollar printing machine of the central bank. Every competitor of the dollar must be eradicated or controlled. The Silver is especially important for them because of its history as money.

Silver has been money more often than Gold, there are still 42 countries (including mine: France) where the word money and Silver are the same.
It's people's money, that you used to use to fill your tank or buy your groceries.

Robinhood sells your orders to Citadel. This controversial practice is known as "payment for order flow."

Like true scumbags, Citadel actually urged the SEC to ban this in 2004.

"Citadel Group urges the Commission to ban payment for order

"This practice distorts order routing decisions, is anti-competitive, and creates an obvious and substantial conflict of interest between broker-dealers and their customers."

"Broker-dealers accepting payment for order flow have a strong incentive to route orders based on the amount of order flow payments, which benefit these broker-dealers, rather than on the basis of execution quality, which benefits their customers."

"Furthermore, the parties making such payments (either voluntarily or through an exchange-mandated program) are forced to find other ways to recoup the amounts of such payments..."

"...whether through wider spreads or a reduction in other benefits that otherwise could, and should, be provided to customers."

A thread on the Tasmota TLS MitM attack I found a few months ago since getting a proper blog post about it is taking me forever.

Tasmota is an open source firmware that runs on a number of ESP8266-based IoT home automation devices, which talks to an MQTT broker for management.

MQTT can be run over TLS to provide confidentiality and integrity, but given the constraints of running on an ESP8266 device, standard TLS certificate validation is rather heavy. As an alternative, Tasmota implements fingerprint based validation, like SSH

The fingerprint validation can do "trust on first use" (TOFU) and just remember the server's public key. This can work well if you're hosting your own MQTT server, and you can just use a self signed certificate. The fingerprint algorithm was even based on how SSH does it.

If you read RFC4253, it describes the RSA key format with the following encoding

string "ssh-rsa"
mpint e
mpint n

where e is the public exponent (usually 65537) and n is the modulus.

Slight problem. RFC4253 doesn't explain what an mpint is.

You have to go dig up RFC4251 for what an mpint is. The precise details don't really matter for this bug, but the critical detail is that an mpint is length-prefixed, which makes it unambiguous where when mpint ends and the next begins.

Tasmota's implementation missed this.

A story of Mafia Integrity

You've heard bits of this
Funds offshore
Don't invest in the UK
Companies and factories moved out
Henry viii powers used to vanish Tax evasion and money laundering law

But the mafia at the heart of the Conservative party just got started.

Brexit deals may be closing, but the "brains" behind it,
whose gift is decades of damage,
who moved assets to profit from that damage
Is tightening its grip.

These are not the people to trust to decide our future or trade.

Unless you want it stolen

The examples
Tax evasion
Offshore funds
Currency speculation.

They're all a little distant.

So what about some examples closer to you or me?

Your word is your bond. Your promise is your reputation.

How do they build that reputation for our country?

1. China bought us Jan-March with heavy #Covid19 containment measures and clampdowns.

We wasted it.
Then worsened it, leaving airports open

Mafia called our response perfect and demanded reparations for the "China Virus"

2. Roles just reversed. Now WE have a new homegrown highly transmissible variant of #Covid19.

So where are the mafia? Shouldn't they be calling this the "English Virus?"

And screaming Blue Murder that Priti has again failed on airport checks, outbound this time?

Silence.

Just spent an hour on the phone with $trit IR:
1) company has 56 employees of which 6 are engineers related to the platform who are managed by Ashish. The key is in addition they outsource to India additional 50-80 tech contractors at any given time who they used to launch Kratos

2) srinivas is a controlling investor in Rhodium but company has full time CEO and CFO and he doesnt control and is not privy to the day to day operations of the company. $trit started through him seeing a need for a better way to trade more effectively through Rhodium experience

They of course used Rhodium & its relationships with parties it does business with as the first customers of their platform which youd expect. In June 2019 related party rev was 100%, down to 26.5% by Feb 2020 & last q down to under 10% as they onboard more 3rd parties.

As for the digital coin the company initially thought launching a coin would be a good way to solve the issue however after further study shelved it. They gave notice to everyone they would burn the coin and allowed them to redeem. No digital coin now at all

Supply chain finance model coming out in Feb which they expect to have similar fee to trade finance module which is very profitable. Estimates for next yr already include this. The other two modules of credit insurance and logistics dont currently plan to monetize

With a fixed supply of money, holding the money itself is similar to investing in a global index fund which offers no yield but appreciates with global productivity. Anyone can be an investor; zero fees, experience, or professional management required.

Anyone who earns money can expect to keep it and watch it appreciate, without needing to do any more work.

With easy money, you need to beat inflation to keep the value you earned & for that, you need several professionals working full-time trained for years and plenty of luck

Imagine if every child could expect any money they earn or get as a gift to appreciate over time without needing professional management. How much more would children grow up to value saving and low time preference?

Imagine if every professional could focus on their job and watch their savings accumulate & gain value without needing to have a side job trying to figure out what stocks, bonds, commodities, and other arcane instruments to buy & who to hire to manage them all?

Imagine if the old, retired, and widowed could just count on their savings maintaining value without having to follow & speculate on global macro trends & insane monetary policies.

@IndianEnergyXch
Transformation drivers
1) Decarbonization - use of solar & wind ,RE (renewable energy)
2) Decentralisation - RE a threat to centralized energy productn
3) Digitization
4) Democratization- peer 2 peer energy trading

Changing energy mix
2020/ 2022 /2030 % of contribution
Thermal 62 /53 /35
Wind 10 /12 /17
Solar 9 / 20/ 36
Hydro 12 / 10 /8

Electricity value chain 4 parts
Generation - Transmission - Distribution - Consumption

Power sector construct
Long term 90%
Short term 10%

Power markets in developed countries are in range 30 - 80% of total power demand ,India 5%

Share of exchange in total generation
2016 - 2.9 %
2021 - 5.2%
Share of ST market in total generation
2016 - 9.9%
2021 - 10.3%
Exchange mkt & ST MKT as % of total gen
2016 29.9
2021 50.2

Electricity consumption to increase
Per capita consumption India 1/3rd global avg,to double over 5 yrs
- Core sector growth ,industrializationrapid urbanization to drive demand
Last mile connectivity- Saubhagya ,power for all 24/7
Demand
2017 - 1236 BU
2020 - 1381 BU

#stocks

Per capita electricity consumptn (KWh)
US 12994
Brazil 2601
China 3927
Global avg 3127
India 1181

IEX India leading power Xchange platform,mkt share 95%
Avg daily trade 6000+ MW
Record day vol 308 MUs

Customer
Industries 4000+
Discoms 55+
ES Cert 100+
Generators 500+
REs 1500+

Save The Economy, Not The Stock Market. https://t.co/Q1V0k04zVY business information

If you need a profession inside sales and advertising with an international perspective then get a High-up Bachelor’s diploma in International Gross sales and Marketing. It is a rare thing to attain AND preserve B2B gross sales and marketing alignment”,

People often ask why structural variants (SV) are so important and why $BNGO is laser focused on revolutionizing the way they are detected in the clinic. Doesn’t the success of $PACB and $ILMN show that sequencing and the small variants it detects are what matters?

Let’s look at what happens in the industrialized world when a doctor orders a genome to be analyzed. If a child has a suspected genetic disease, medical guidelines recommend successive testing rounds until a pathogenic variant is found or all techniques have been exhausted. $BNGO

Before we go into detail, let’s start by pointing out that this NEVER involves long-read whole genome sequencing by $PACB or Nanopore. Never, nowhere. Those are niche sequencing technologies for reference genome projects but not practical for the clinic. $BNGO

Long-read sequencing COULD matter in the clinic in the future if they get cost down & throughput significantly higher. As comparison, a whole genome w/ $PACB HiFi takes several days per patient per sequencer. Unusable in the clinic. Each Saphyr can run 96 patients per week! $BNGO

The tests start with chromosomal microarray (CMA), karyotyping, and then repeat expansion testing, single gene or gene panel testing, and whole exome sequencing. This long and expensive process still leaves 50% of children undiagnosed. $BNGO

here’s a slightly wonky thread that people who use post-nominal letters will not like: let’s talk about real-time learning in quant-driven strategies and how to do it in practice, because a lot us do this as a result of real-world constraints. its basically TA with a dress-code.

so lets say you found a nee factor, but data is limited becuse it is new-ish? how the hell do you implement it without waiting eons in market-time? first: in small size because distributions are unknown. second: you update the calibration parameters dynamically as you go.

sometimes i am asked why i favor matching assets with volatility estimators instead of betas:
1) volatilities are not stationary but they undergo relatively synchronized regime changes
2) exponentially weighted vols are more responsive to changes in current conditions

3) betas are not stable in shorter terms and identifying changes takes longer and in the short term you get measurement errors if your sample is driving your benchmark
4) honestly the numerical methods are just simpler and i’m a dumdum so it makes it easier for me

5) for long-only baskets of different assets it avoids painful assumptions which may be wrong about correlation, which is good when you know your sample is low quality
6) for long-short baskets of like assets it avoids painful assumptions about intercepts (and therefore betas)

Special Purpose Acquisition Company (SPAC) has become very popular globally, especially in USA. SPACs are known as blank cheque companies, because its a shell company with cash. What is it? How does it work? This is a thread.

(1) A group of people, known as the promoters / founders will list a company (SPAC) on the stock exchange. They are the key management who are also shareholders of the SPAC.

(2) SPAC is a listed company, but has no assets, no business, nothing. It only has cash raised from IPO. Shell company with lots of money.

(3) Once listed, the SPAC will use this money to acquire another company and merge it into the SPAC. Once merged, the company is no longer a SPAC, as it now has assets & a core business and operates like any listed company.

(4) The money raised from IPO will be kept in a trust, until an acquisition is identified, closed & approved by regulators & shareholders. The operating expense of the SPAC is borned by promoters until the SPAC turns into company.

After some conversations with friends around $DIGG it seems like @BadgerDAO needs to do a better job explaining how we are tackling composability with $bDIGG.

1 of the most frequent criticisms of rebasing tokens is the lack of composability with DeFi protocols.

Thread/

1/

For those unfamiliar, DIGG is based off the AMPL code base. The most battle tested elastic cryptocurrency in the market.

Instead of being pegged to USD, DIGG is targeting the price of #Bitcoin

2/

Due to the elastic nature of rebasing tokens, centralized parties (like exchanges) and DeFi protocols (like money markets) have some trouble integrating.

DeFi in particular thrives because of the composable lego pieces. Not having that is problematic.

3/

The secret sauce Badger has are its vaults which currently hold over $600M in tokenized Bitcoin.

When you deposit in a vault today you get a “b” token back which represents your share of the vault.

We then ask you to stake that to quantify your multiplier.

4/

Our attempt at making a rebasing asset more composable is by using the vault representation of your deposited DIGG aka $bDIGG which DOESNT REBASE.

At launch we will have a DIGG only vault where users can deposit to earn APY in the form of $BADGER & $DIGG.