G. Steiner Capital LLC (@joelspadawan1) 's Twitter Profile
G. Steiner Capital LLC

@joelspadawan1

I like downside protection & when the sizzle comes for free.
I like writing puts when insured principal gets paid back before expiry.

L/S

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calendar_today21-11-2019 19:48:21

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G. Steiner Capital LLC (@joelspadawan1) 's Twitter Profile Photo

It is takes like this that provide alpha in the select few that are priced more like hard RX, battered by forced selling, not ascribing any option value of turnaround etc And let’s not kid ourselves no one is forced to hold the A&E’d paper until next maturity wall. If the

G. Steiner Capital LLC (@joelspadawan1) 's Twitter Profile Photo

Why $ECPG survived the stagflation nightmare in their sector whilst non-US exposed names ended up in Ch11 / soft RX / A&E. Imagine if Cabot was still a stand-alone entity…