I doubt there is much left after commissions. See [0] for a backtest including commissions and [1] for a blog post from ORATS on how to backtest the strategy using the ORATS backtester.

[0] https://www.reddit.com/r/options/comments/j3ofna/the_wheel_b...

[1] https://blog.orats.com/backtest-basics-how-to-set-up-the-whe...

0Thread HN

Tourism Is Overwhelming the World's Top Destinations 7 years ago

It used to be that only westerners had the means to afford traveling across the world but recently, with the rising income in China and India, they can too and, at least in Europe, you can see this.

IATA forecasts that by 2037 Asia-Pacific will have more air travelers than North America and Europe combined.

Source: https://www.iata.org/pressroom/pr/Pages/2018-10-24-02.aspx

0Thread HN

A Gambler Who Cracked the Horse-Racing Code 8 years ago

I found the second paper behind a paywall: https://www.researchgate.net/publication/299438463_Advances_...

Edit: there's a 2008 version or reprint of the first paper: https://www.worldscientific.com/doi/abs/10.1142/978981281919...

0Thread HN

Italy’s teetering banks will be Europe’s next crisis 10 years ago

Swiss taxes vary hugely between cantons (equivalent of a state in the US) and you pay even less than 16% depending where you live. An example based on the official Swiss Federal Tax Administration online calculator [0]. Single no children living in canton Zug Switzerland (one of the Swiss tax havens):

Gross income CHF 120'000 minus deductions you end up with 100K taxable income and the total tax burden (federal, cantonal and communal) is about 11K.

Edit: the same example for a canton with higher taxes (Bern) gives a total tax burden of 22K

[0] http://www.estv2.admin.ch/e/dienstleistungen/steuerrechner/s...

0Thread HN