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Their efforts were in vain, however. Audiences gasped when Carpenter emerged onstage in silky sleeveless dresses, Schmidt writes; concerned fans feared she was dying from cancer. While her voice, a lush contralto, stayed strong, critics took note of her increasingly bony frame.
A Variety review of one performance, cited by Schmidt, complained, “She is terribly thin, almost a wraith, and should be gowned more becomingly.”
The lead singer of The Carpenters, the Grammy-winning band she’d formed with her brother, died on this day, Feb. 4, in 1983, of heart failure related to her years-long struggle with anorexia. She was 32. In her TIME obituary, the magazine called her the “dulcet-voiced singing half, opposite her pianist-arranger brother Richard, of the squeaky-clean Carpenters.” By that point, the duo—having released their first album in 1969—had sold 80 million records and won three Grammy Awards for hits like “Close to You,” “We’ve Only Just Begun” and “Rainy Days and Mondays.”
Whether from ipecac or from malnourishment alone, Carpenter was so weak by the mid-'70s that she could do little more than lie down between shows. Her exhaustion forced the band to cancel a 1975 European tour while she slept 14 to 16 hours a day, according to Schmidt’s biography.
Carpenter was the first celebrity casualty of an eating disorder, according to Randy Schmidt, the author of Little Girl Blue: The Life of Karen Carpenter. After her death, however, other public figures shared their own struggles with anorexia and bulimia, most notably Princess Diana.
Her therapist told the New York Times he believed tens of thousands of American women, desperate to lose weight, were abusing ipecac, “a drug that was not known until very recently as an abusive drug.” Ipecac had long been used to purge the stomachs of poisoning victims, but its repeated use led to heart problems and muscle weakness.
Two years after Carpenter’s death, a group of doctors and therapists who specialized in treating eating disorders lobbied the Food and Drug Administration to ban over-the-counter sales of the vomit-inducing drug ipecac, which Carpenter had reportedly been taking to keep from gaining weight — and which had overtaxed her already weak heart.
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We talk about option delta very frequently in this blog and although the concept may be well-known to many of you by now, it still bears revisiting time and time again because of its importance. I would venture to say that once an option trader learns what a call and put is and what their rights and obligations are, the next thing they learn is delta. Of course, as you move through your option trading career and learn more nuances and specifics about options, you discover there are more option greeks than just delta to comprehend. That being said, I find delta to be still one of the most important concepts to understand particularly for my style of trading.
As a quick reminder for those who are well-versed and also for those that may be newer to options, let’s take a quick look at delta before going any further. Delta is the rate of change of the price of the option relative to the change in the underlying. Keeping it simple, for every dollar the stock moves higher or lower, the option premium should change by that amount. Delta values range from 0 to 1 and can be positive or negative depending on if it is a call or put and whether the trader is long or short the position. As a quick example, if an option trader purchased a call option for 3.00 with a delta of 0.60 (long calls have positive deltas) and the stock moved $1 higher, the new value of the option would be 3.60 (3 + 0.60) due to an increase from the positive delta which correlated with the positive $1 move higher. Delta works the same for spreads but there is an element that many option traders may never think about that may actually change the way they think about delta as far as spreads go.
Posted on Thursday, January 19, 2017 at 12:48 PM
The long 65 call has a positive delta of 0.72 and the short 67 call has a negative delta of 0.44. Adding those together, an option trader would say the current delta on the spread is positive 0.28 delta which means if VLO rose $1, the spread should increase in value $0.28 ($28 in real terms) with all other variables being held constant. Consider taking a look at this from another perspective. The maximum profit on the spread is 0.70. With the stock trading at $66.65 at the time, the stock would need to move just $0.35 higher and of course stay there at expiration for maximum profit to be realized. This means a positive $0.35 move higher at expiration would net a profit of $0.70. If you divide 0.35 into 0.70 you get 2 which could be argued that the spread’s “effective” or theoretical delta is 2 because if the stock moves $0.35 higher, it equates to a $0.70 increase in premium and profit at expiration. You probably never looked at it in that way huh?
Let’s look at a vertical debit spread and examine what the “real” and what the so-called “effective” delta is on the spread. Let’s say an option trader had a bullish bias on Valero Energy Corp. (VLO). With the stock trading just under $67 and an expected move higher in about a week, the trader can purchase a January expiration bull call spread with just over a week to go until expiration. The trader buys the January 65/67 call spread for a price of 1.30. This means the maximum risk is the amount that was paid and would be lost if the call options expire worthless at $65 or below at expiration. Maximum profit is the difference in the strikes minus the cost of the trade or 0.70 (2 – 1.30) in this case.
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As we can see and as many of you probably know, option delta can effectively tell an option trader how much the position’s premium will change based on a directional move. When it comes to spreads, there may be more to think about than what the current delta or “real” is. You may want to consider what the “effective” delta is at expiration based on how much a move is needed to achieve maximum profit at expiration.
Binary Options Strategies
I think that they are rubbish. I gave them the minimum amount of £250 to trade for me and advise me. It took three supervisors to leave me out of pocket with no profit to show for. Worse than that they left me with a £2300 overdraft in my bank with daily charges incurred and I cannot pay the bank back this money. They are really unprofessional and I requested my initial fee of £250 to be reimbursed but all they said I could get was £50. I really hope people will avoid these scam artists and stop putting money into their pockets to trade for them because lord knows how many people out there have ended up like me.
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Had a Call and Put of $200 each ($400 total) on the same option, with an expiry of 22:00. Took my positions by 10 minutes after the hour. Around 30 minutes after the hour, their expiry time changed to 10:00, and I lost both of my positions. I had to call them up told them what happened and they looked up my closed expiries,and said I lost. I caught Banc De Binary adding points to a slow rising currency pair. After clicking Apply to enter the option, BDB said I had entered at this higher rate. The pair was as I said a slow riser, and the entered rate was not even at the rate BDB said I had entered at at that time. BDB also gives you a lower rate on Put positions too. This happens, not on every trade though, but it is not suppose to happen at all! No longer with these scammers!
4. Underlying assets
We’ve finally whittled it down to two teams and just one win stands between them and the Lombardi trophy. With two weeks’ worth of build up for one last game, the public has time to obsess over the minutia, then get sick of hearing about it, then forget about the game, then remember it and get excited again. The process may even repeat a few times. I hope this reaches you during a renaissance of interest, but I apologize if you are worn down from over analysis and radio row interviews with former players making the rounds to hawk razor delivery services.
If you want to know how those teams stack up on offense by the same ranking system, Atlanta is first and New England is second. In terms of overall team efficiency, which accounts for all facets of the game, that same ranking system puts New England in first and Atlanta in third. Most angels you can use to look at this game show somewhat comparable offenses and a clear advantage to the Patriots on defense.
The public money is on the Patriots, with a little over 60% of wagers made on New England. New England is now 16-2 since the start of the season and 15-3 against the spread. If you decided to ride the Patriots this year, you made some good money. A record that strong against the spread is pretty rare. As a team keeps winning money for its backers, the backers pile on and bet more which tends to move the line to unsustainable levels until the bottom finally drops out. It happened to the Vikings earlier in the season, it even happened to the Pats the year they came into the Super Bowl undefeated. Covering the spread tends to get harder as a team keeps winning, but the Pats have been the exception to that rule this season.
My favorite play of the season was a Kansas City touchdown in week 16. Dontari Poe, their nose tackle, came in on offense for what looked to be a 1 yard end zone plunge a la William Perry. Instead, he stopped with the ball and lobbed a td pass over the heads of the defenders. It was an awesome play but they shouldn’t have run it. They already had that game won. In my opinion that is a play to save for a crucial time when they really need to score. They showed their hand too early. The play could have come in handy in their 2 point divisional round loss. Belichick would have saved a play like that for a close playoff game. Andy Reid used it on a meaningless play. That about sums up one of the main differences between those two coaches.
As good as Atlanta’s offense has been, New England is still not far behind. Atlanta is first in scoring and second in yards gained, but New England is third in scoring and fourth in yards gained. The defensive side of the ball is a different story. The Patriots allowed the fewest points on the season and were eighth in yards allowed. Atlanta was 23rd in points allowed and 25th in yards allowed. This seems to point to a big advantage for the Patriots. The question is whether the Falcon’s offense is appreciably better than that of the Pats. When the scoring gap from first to second is as big as the gap from second to twelfth, it can be hard to gauge the differences at the top as compared to the differences in the meatier part of the bell curve.
As far as strength of schedule, the Falcons tied for the toughest schedule as far as opponents’ win/loss record. The Patriots had the 9th toughest schedule by that measure. Atlanta starts to look better through the lens of common opponents and schedule strength.
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Submitted by Andrew Giovinazzi on Fri, 08/18/2017 - 9:06am
Submitted by Mark Sebastian on Mon, 08/21/2017 - 9:01am
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Submitted by Mark Sebastian on Wed, 08/23/2017 - 9:13am
The fourth element of the returned array contains the scale factor and sign. It consists of the following parts:
The binary representation of a Decimal number consists of a 1-bit sign, a 96-bit integer number, and a scaling factor used to divide the integer number and specify what portion of it is a decimal fraction. The scaling factor is implicitly the number 10, raised to an exponent ranging from 0 to 28.
The first, second, and third elements of the returned array contain the low, middle, and high 32 bits of the 96-bit integer number.
Bits 24 to 30 are unused and must be zero.
Converts the value of a specified instance of Decimal to its equivalent binary representation.
A 32-bit signed integer array with four elements that contain the binary representation of d.
Note that the bit representation differentiates between negative and positive zero. These values are treated as being equal in all operations.
DecimalDecimal StructureSystem Namespace
List of numbers
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