You on Reserve on the weekends? I was on reserve on the weekends in Dec and flew 67 hours. Jan and Feb I've been on reserve during the week and haven't flown at all!

 

Hey dalad,
I like reading about your trades, and also from guys who do options since I never have, but am thinking about it.
Please don't go ballistic when someone takes the time to write a bit of knowledge re options trading... YOU may know all about it, but there are a lot of us who DON'T. In fact, I generally enjoy reading your posts and orvil's and columbia's, because I learn things. Columbia's post was enjoyable to me, and I'm sure others also, specifically because he took the time to write out how an option trade goes. It's not an insult to you that he did so, he just isn't assuming anything about you. In my case he'd be right! After reading your post, the way you worded it, I was specifically asking myself, "he doesn't actually own the shares, I wonder what the net profit would really be?" and here comes Columbia to answer me.
I'm looking forward to hearing how your trade ends up going for you, please post! Anyways, don't chill the option-education buzz, man!

 

I'm sure he is, and no insult intended. I'd be lying if I claimed to never have had the back and forth of words on a web board not come across the way I thought they were. (I think that makes sense...but it's late and time to call it).

 

Buzz you and I have flown together, I even bought your book after that. That was back in my 737 days. Not well to do either, just changed the way I manage my funds. I don't put much of it at risk through options trades, but I do get my best returns. I short UVXY and VXX, and am long SVXY and XIV. Look up their one year charts, almost a no brainer, but you do have to have an understanding of derivatives.

 

Well, I guess my question should just have been, what do you think LCC will open at in the morning? Sorry about the moron thing, as I almost immediately went back and edited it as it's not my style.

 

I'm putting every cent I own into Facebook.

 

Bah...that'll buff right out!

But it does raise an interesting question;

What IF...that had been a carbon fiber tube 787?

Would it have cracked and split open, or held up? And instead of the tube absorbing some of the force, through bending as the 767 did, that force had been transfered to the passengers head and necks, in a whiplash (down, then up) type fashion?

 

Interesting question...

I flew a trip with a guy who said: I am quitting as soon as my trades replace my income.

My response: I would never retire if I had to count on my trades.

The point is, money is just a tool. It is not security or happiness or longevity. When you have "enough" money, you realize how little the world has to offer materially. In this life, you have to do something to fill up your days. I like flying paid mini-vacations to go to places most people can only dream about going.

 

No problem as Delta begins to encourage 40 knot crosswind landings.

 

I agree Scambo. My wife and I have had this dicussion, she likes to buy lottery tickets. She asked, "If we won, would you quit your job?" I say, "No, but I'd bid onto something where I'd be more senior, that lays over in the Caribbean, only fly a couple trips a month, put the rest on the swap board!"

That's why the F/A's are still flying into their 70's (and 80's!). They are getting paid to go on a Delta Dream Vacation, and if it doesn't fit their schedule, they can easily drop a few every month.