Category: Finance

Recently, my fellow colleague, xroom 2, had published a quick test-post on puts and calls.  For those who would like a more in-depth analysis of Options and how they work, SogoTrade had recently conducted a webcast entitled, “Introduction to Options”, in conjuction with the Options Industry Council (OIC).

You can view the webcast here: http://www.gndt.com/SogoVideo/SogoOptionWebcast2/SogoOptionWebcast2.html

PowerPoint slides here: http://www.gndt.com/SogoVideo/SogoOptionWebcast/Introduction_to_Options.pdf

Ah time to free write about my actual work experience.

Free writing is an amazing method of getting your thoughts down on paper(now that it’s the digital age, let’s change this cliche to down on pixels or pixelize your thoughts. It just makes more sense, who still uses paper?)

The basic idea behind free writing is this; write. Damn that’s simple. No really that’s it, get a solid topic(such as your work experience) and just go.

And here it is…

I started working at 16 at a local supermarket. Real local. It’s five blocks from the hospital I was born in and across the street from not only my pre- school but also the school I recieved my primary education at. Enough digression; work was simple back then, I bagged groceries and moved shopping carts from the lot across the street to inside the vestibule. No thought, all physical. I think I started out at 6:15 an hour, which at 16 was a billion dollar because I was one of the few people who working in my group of friends. It was awesome. I could buy beer and smokes while others couldn’t, which made me a popular character.

Eventually I began to stock shelves which unlike cart duty actually required some thought. Goods came in on an 18 wheel tractor trailer and started out on pallets which were removed from thr truck via a hand Jack(basically a muscle powered forklift minus thr cab for sitting). These pallets, typically stacked 8-10 high with different sized boxes and wrapped in industrial grade Saran wrap(seriously) would then need to be broken down onto what we named “u-boats.” They were about 7 feet long, 18 inch wide slabs of metal and wood with three sets of wheels underneath for mobility; one on either end longways and one set on the middle which could swivel the whole contraption 360 degrees if necessary. Also on either end of the boat was a pair of 6 foot tall metal poles set parallel to one another which would be used for support when stacking boxes on the slab. The support from these posts was best utilized by stacking large boxes in good order on the wooden slab and then wedging a smaller box against the polls and larger boxes to force stability. It was a pretty fun back room competition to see who could build the tightest packed u-boat. We became quite good at it, our stacks so tightly packed that even if you shook the shit out of the boat or banged it purposely into a wall, nothing would fall off. Like I said a lot more thinking than bagging or carts.

I did the stocking thing for a few years before I moved up to counter service, which I’ll tall about more in my next post.

Looks about time to redo my resume.

Work has really been getting me down lately, so rather than sulk in shit, I’m going to try and get the fuck out. The best place to start this is not the classifieds though, as the boy scouts say “Always be prepared.” Applying to a job with a shit resume is like trying to pick a lock with a stapler; ain’t gonna work.

Why might you ask am I talking to you about the bowels of my personal life blogosphere? Because this is my blog and I’ll do what I want!!! Aside from that, as I go through my resume revision, I will try and disclose any tips and tricks that I learn to you and maybe your resume redo won’t be as painful as mine.

Later on today, I’ll post a picture of my current resume sans personal info. This will be my base and I’ll post improvements and revisions as I go.

First tip: Always keep info on your work experiences on hand and as up to date as possible. This doesn’t mean have something you would send out around at all times. This means have something, even as simple as a notepad file, that describes the work you do.

If you work at a company for ten years and all of sudden they take away the free coffee–holy shit!! You need to get the hell out of there! Oh no, you have no up to date info, and those first 8 years of your time at this company are a complete blur(mainly because of glue sniffing).

If you had a crap text file that you typed your work experiences on every couple of months(and anytime a drastic change happens such as a promotion, change in roles, or a newly learned responsibility), it wouldn’t matter how much glue to sniffed–well at least not when creating your new resume. Your crap text file would contain all those memory jogging text blurbs that would have you bullet pointing and formatting that sexy new resume in no time.

So, if you don’t have a crap text file in your possession, take some time to create one. It’ll be well worth the hour of catch up now and the 15 minute updates every couple of months.

Tl;dr version:

work sucks, need new Job– gonna do resume.

Shit, years of Elmers glue abuse,

thank god for memory jogging notepad!
New resume and tips for making one on the way!

-xroom2

Sell a call means you want the stock to go down, you’re obligated to sell the stock at your strike, if it goes down no one will buy it from you and you’ll collect the premium. If the price goes
Up, you will get exercised on and have to sell at less than market value.
Your break even is the strike price plus your premium

It is opposite for selling a put. As a put seller you are obligated to buy the underlyer at the strike. You want the stock to go up