Robert Weinstein Esq.

Tax attorney advising and solving tax problems - Short Seller & Options Trader - Managing Broker for 1 Reason Insurance & 1 Realty - Navy - Kaizen

[Robert Weinstein Esq. @RobertWeinstein]

Finally $HPE catching a bid w/ strong buyers near $45 after a relatively brutal fall from an outstanding Qtrly report. For a technology dividend paying company benefiting from AI, the current pricing discount is attractive. Added today ~ $45 for a hold

[Robert Weinstein Esq. @RobertWeinstein]

Long $HPE 47.29 & lower via selling $47 front puts & long shares for a swing / collect vola

[Robert Weinstein Esq. @RobertWeinstein]

$HPE should generally trend upward into the close of day and more importantly, the upcoming weeks

[Robert Weinstein Esq. @RobertWeinstein]

Long $HPE $55.60 and lower for a swing, I likely will write $60-62 front week and monthly calls as hedge and to obtain time decay premium

[Robert Weinstein Esq. @RobertWeinstein]

Ya know..... Under the ADA I think one could make a price gouging claim, or at least a "reasonable pricing accommodation is necessary" argument for alcoholics.

It could turn into something like Disneyland, where people 'rent' someone in a wheelchair so they receive head-of-line privileges to avoid long waits.

In this situation you would rent a Designated Drunk, and arbitrage the price difference between the drunk rental and discounts received from the reasonable price accommodation.

The math should prove relatively pretty simple. For example, if the facility must provide a 50% discount as a reasonable accommodation, and you're with two or three drinking buddies enjoying a game, you could contract for and compensate a given Designated Drunk(DD) $100 per game, plus entry ticket for an additional $50.

Depending on desired seating and security checking sections, potentially the DD could receive a discounted nose bleed ticket, which furthers the ROI potential.

For $150, I imagine the economic sweet spot is likely 3-5 friends to justify the extra coordination and effort to bring concept into action (an app potentially could reduce total cost of ownership, and may warrant further exploration).

Positive cost factor adjustment based on convenience of utilizing DD as drink server likely neutralized from DD bathroom break delays, especially as the game progresses.

These are loose numbers of course and subject to further evaluation and plausibility.

*Not legal, tax, or financial advice, and this information is provided solely as educational and generalized material. Not responsible for potential and or actual designated drunk puking in your car on the ride home. The author makes no representations or warranties, express or implied, as to the merchantability, fitness for purpose, or sobriety differential of any human, or human-like asset deployed under this strategy. "Designated Drunk" shall mean any consenting adult (with or without remaining teeth) whose blood alcohol content, ambulatory capacity, or general comportment qualifies them for accommodation under Title III of the ADA, 42 U.S.C. § 12181 et seq., as interpreted in the sole and unilateral judgment of the lessee. Past performance of any Designated Drunk is not indicative of future results. Drunk-to-discount ratios may vary by venue, jurisdiction, and how convincingly your guy can slur the phrase "reasonable accommodation."
The undersigned acknowledge they have been advised to consult independent counsel, have declined to do so, and will instead rely on a group text consensus reached somewhere between the third and fourth round. All participants assume the risk of, including but not limited to: (i) ejection by venue security; (ii) civil liability; (iii) criminal liability; (iv) the Designated Drunk wandering off and joining a different group; (v) the Designated Drunk being more sober than represented and demanding renegotiation of terms mid-event; (vi) the Designated Drunk being materially less sober than represented and converting from asset to liability prior to kickoff; and (vii) any combination of the foregoing.
Nothing herein creates an attorney-client relationship, a fiduciary duty, a joint venture, a partnership, an S-corporation, or any other arrangement the IRS could later reclassify and assess back taxes against. The arbitrage spread described above is not a "security" within the meaning of the Securities Act of 1933, the Howey test, or your one buddy who took a finance class in 2009 and won't shut up about it.
THIS DISCLAIMER SHALL BE GOVERNED BY THE LAWS OF WHICHEVER STATE GIVES US THE BEST RESULT, applied retroactively as needed, otherwise in Barron county Wisconsin during deer hunting season. Venue is proper in the parking lot of any bar selling, or offering for sale, cans of Pabst Blue ribbon for $1 or less before noon as happy hour special.

In the event any provision is found unenforceable, the remaining provisions shall continue in full force and effect, except the part about the puking, which is non-negotiable.

[Robert Weinstein Esq. @RobertWeinstein]

Logic is amazingly absent in the decision making and action process for so many

[Robert Weinstein Esq. @RobertWeinstein]

I remain long (and wrong) $SCO. SCO hasn't been bad, sold enough premium to bring my basis to near even now (SL is another story all together). What I find interesting today are the options, the vola is lower than what I would anticipate. However, given the share price, it's understandable most would simply choose direct exposure. It does make the case that ITM puts/calls are relatively attractive though. $USO

[Robert Weinstein Esq. @RobertWeinstein]

$USO doesn't have a 40% premium to #CL.

$USO may trade at a slight premium or discount to the underlying at any moment, but generally a maximum of low single digits even on edge cases.

The trading vehicles closely trade %-wise during the trading day, but their independent prices are otherwise not reflective of the other trading vehicle.

USO is an ETF, with decay(due to internal expenses and trading costs), so over time, USO will lose value relative to the underlying, making it a poor long term long hold.

Respectfully, don't trade USO without a full understanding as this comment doesn't even scratch the surface of the knowledge required to avoid being the fish at the poker table

[Melee Build @BuildMelee]

Does anyone know why $USO runs at a ~40% premium to WTI (crude oil)?

[Robert Weinstein Esq. @RobertWeinstein]

This isn't the first time the US was an exporter, and prior to laws prohibiting exports the US was relatively bigger than now.
$USO $SCO

[Anthony Pompliano 🌪 @APompliano]

America is now exporting over 6 million barrels of oil per day.

[Robert Weinstein Esq. @RobertWeinstein]

@NYCMayor If you can afford a multi-million dollar home in NYC you can afford an even nicer home in Miami.

You will be taxing no wealthy soon at this rate.

Communism only works (for a while) when you can place guards & machine guns at the exits

@GovKathyHochul

[Robert Weinstein Esq. @RobertWeinstein]

Oil reminder, storage number release in 20 min.

You may be surprised to learn, if not paying attention, we're at three year highs w/ build expected to grow.

The risk premium narrative at some point collapses prior to storage space concern. $USO $SCO #CL

[Robert Weinstein Esq. @RobertWeinstein]

@JMcniff1283 @PuckFupett69 Me too : 0 )

[Robert Weinstein Esq. @RobertWeinstein]

@PuckFupett69 @JMcniff1283 You're not wrong when placed in that light. Especially when they receive it after they filed their return....

[Robert Weinstein Esq. @RobertWeinstein]

@PuckFupett69 @JMcniff1283 Relatively for an active trader, not really

[Robert Weinstein Esq. @RobertWeinstein]

@DailyIranNews "May contain mines" - So 'come a little closer' where it easier for us to extract a toll....

[Robert Weinstein Esq. @RobertWeinstein]

It's amazing to see continuous ad nauseam $USO assertions of price support based on Iran, demonstrating a full non-understanding the US is near export capacity, Cushing supply capacity becomes a problem within~90 days @ current growth, and any meaningful disruption in an export port (which are obviously prime terrorist targets) could cause #CL to half overnight.

Serious disconnect between the FOMO crowd and reality. Absent a meaningful change in the current oversupply or demand and the ability for WTI to maintain current prices approaches zero as the time horizon expands. In short, WTI is not Brent, and while Brent potentially can remain elevated WTI can't

[Robert Weinstein Esq. @RobertWeinstein]

Less unsophisticated #CL capital allocated vis-a-vis $USO, especially options as evidence by continued elevated IV shown in USO. Driven by FOMO IMHO & intuitively consistent.

Ydays storage numbers, while below estimates supports tomorrow's headline of oversupply replacing middle east as WTI isn't a world commodity once exports reach capacity, which we're nearly or effectively already are at

Based on the last five weeks, which at current prices has zero incentive to moderate, storage capacity from production/consumption imbalance becomes the top issue within 90 days. As the time horizon increases, it's clear the easiest WTI path is downward

[Mon-T @ Macro Agent Desk @MonT_Macro]

@RobertWeinstein The $USO contango drag / roll cost point is underrated — but the Desk flags 351k net-long spec positioning on $CL_F as the structural layer retail misses entirely. Does elevated IV reflect event risk or crowded positioning unwinding?

[Robert Weinstein Esq. @RobertWeinstein]

Shorting Active front contact oil. $113.10 & higher to add to my $ETF oil short. #CL $USO $SCO

[Robert Weinstein Esq. @RobertWeinstein]

We're not drawing down and quite the opposite. Per EIA, storage levels are about average & increasing (fast).

At current prices, the risk longer term is storage shortage, which is why producers are making cautious statements. $USO has a hard ceiling declining as the time horizon expands resulting in a game of musical chairs for USO longs. $SCO

[MD Pham @MDPhams]

And petroleum reserves, esp US SRP in salt mines, can NOT be drawn to zero (and it was far from being full before this conflict)
$XXOP $XLE $USO $BNO