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An intelligence report produced by NYPD’s Intelligence & Counterterrorism Bureau surfaced that discusses the potential risk of “extremists” supporting the murder of UnitedHealthcare’s CEO, Brian Thompson. The report was focused not only on Luigi Mangione, the alleged killer, but also those expressing sympathy for him online because they might consider him a martyr. The report, which was leaked to major media outlets, was accused of being quoted selectively, especially in regards to the sympathizers of Mangione, sparking criticism about withholding documents and selective disclosure from the media. ...

This video provides a comprehensive guide to constructing an efficient and diversified trading portfolio for active traders. Tom Sosnoff emphasizes product indifference, focusing on capital efficiency across various asset classes, including stocks, futures, and options. He advocates for non-correlation to minimize volatility and reduce outlier risk. The session covers practical strategies such as optimizing trade size, leveraging beta-weighted deltas, managing risk through dynamic hedging, and understanding the significance of expected moves and probabilities of profit. Sosnoff also highlights the importance of consistent mechanics, portfolio diversification, and adhering to sensible capital allocation to succeed in active trading. The presentation combines educational insights with actionable advice, tailored for traders aiming to enhance their decision-making processes and portfolio performance. ...

I started option trading after reading the seminal book “Option Volatility & Pricing” by Sheldon Natenberg but I honed my strategies after listening to a bunch of TastyTrade videos. This video, on managing your option positions is a gold mine. See my notes below: 🔧 Building an Effective Watchlist Start with front-month index futures in descending order to track liquidity. Include liquid equities and organize by categories (e.g., gold, silver, bonds). Ensure your platform supports comprehensive watchlist features for effective monitoring. 📊 Sorting for Clarity Sort watchlists by IV Rank and liquidity to prioritize actionable data. IV Rank helps in identifying opportunities for rolling forward or closing positions. 📈 Managing Greeks and Positions Use native Greeks (non-beta-weighted) for equities and ETFs. Normalize futures positions to their equity equivalents for easier portfolio comparison. 🔄 Adjusting and Rolling Positions Apply the “Three Rs” for position adjustments: Roll up or down the untested side. Reenter positions for Delta management. Roll out in time to extend duration and reduce risk. 💡 Focus on Risk Reduction Be mechanical and consistent in portfolio adjustments. Avoid adding to losing positions; instead, focus on increasing credits and lowering Delta. 📌 Timing and Longevity Timing relates to mechanics, not market prediction. Portfolio longevity contributes to success by enabling consistent improvements. ⚙️ Redeploying Capital Optimize capital allocation by closing positions with reduced profitability and redeploying to efficient opportunities. Maintain daily engagement to monitor and adapt your portfolio. 🚀 Capital Efficiency and Non-Correlation Incorporate futures and futures options for better capital efficiency and diversification. Understand the uncorrelated nature of different asset classes for strategic advantage. 🔬 Basis Reduction and Return Expectations Aim for reasonable returns (e.g., 3x risk-free rates). Utilize theta effectively to generate consistent income, targeting around 25% of daily theta as profit.

The funding for the World Trade Center (WTC) Healthcare program is at risk due to the recent budget negotiations in congress. The program offers financial aid to approximately 125,000 individuals who became unwell following contact with toxins at disaster sites in New York, the Pentagon, and Shanksville, Pa. Firefighting unions and advocates are protesting congress’s failure to secure the program’s funding. The James Zadroga 9/11 Health and Compensation Act, which established the WTC Healthcare program, was initially passed in 2010 with bipartisan support, reauthorized in 2015, and was presumed to be permanently funded until the program’s planned termination in 2090. ...

Jeff Bezos, founder of Amazon, uses fear as a motivator for himself and his employees to continue improving and innovating. Bezos encourages them to wake up every morning fearful of competitors, urging the need for continuous improvement, experimentation and innovation. This method was also adopted by Tim Ferris, a best-selling author and podcast host, who practices ‘fear-setting,’ writing down his fears, the potential outcomes and preventative actions. Bezos believes experimentation and failure go hand-in-hand, contributing asset value and discovering new areas of business. ...

Amazon founder Jeff Bezos is set to marry Lauren Sanchez in a $600 million winter wonderland-themed wedding in Aspen, Colorado. The couple, who have been together since 2018, got engaged in May 2023 and are set to tie the knot next weekend. The wedding follows their luxurious engagement party in Positano, Italy, attended by celebrities such as Bill Gates, Leonardo DiCaprio, and Queen Rania of Jordan. Bezos and Sanchez have kept their wedding plans quiet, and their representatives were unavailable for comment about the date. ...

I find this graphic by Visual Capitalist very telling about the gap between reality and expectations for different generations.

The internet entrepreneur Joost de Valk calls for a significant reform in the leadership of WordPress. According to Joost, the single-person control of the platform has led to numerous disagreements and lack of diversity. He emphasizes the need for many voices in the development of the system and criticizes current leadership for restricting ideas that may deviate from its vision. Joost widely supports the call of 20 signatories of an open letter on the WordPress Repository, objecting to the current status quo. He advocates for urgent solutions and expresses his disenchantment with the present state of affairs, suggesting WordPress needs a leadership board. ...

Elon Musk has repeatedly shifted his position on the government shutdown, starting by encouraging the event and then blaming Democrats for it. Initially, Musk stirred up discord among GOP members, decisively opposing the original continuing resolution and making threats to any Republicans who supported it. He also suggested that no bills should pass Congress until Trump took office on January 20. As the reality of the shutdown loomed closer, Musk changed his tune and resorted to blaming Democrats for rejecting the spending bill. The chaos caused by Musk’s opposition to the bill and Trump’s request to raise the debt ceiling culminated in an impending government shutdown. ...

President-elect Donald Trump’s plan to fund federal operations and suspend the debt ceiling suffered a blow as the House rejected the proposal. Trump, along with billionaire ally Elon Musk, failed to convince members of the House to approve the sudden demands, which were meant to avert a Christmastime government shutdown. Trump’s proposal aimed to keep the government running for three more months, with the addition of $100.4 billion in disaster assistance for hurricane-impacted states. ...