Because the call already has value to its owner, the premium is typically heftier, providing more downside protection.
On the downside, this will make your hefty home loan look even more frightening.
Paul Krugman, who wants a partisan war on the GOP, and Matt Yglesias, who thinks that bipartisanship's impossible in the modern era, and Tina Brown, who thinks there's no longterm downside to Democratic ownership of hefty social spending, have now come out swinging.
Not a bad return, considering the authorities are supporting this dollars-for-yen trade by guaranteeing that the downside risk will be negligible and a hefty positive carry will be generated for those investors playing the cash market, even if the dollar only goes sideways.
The only real downside to this portable preparedness package is its hefty price tag, but I have a feeling some die-hard gamers will bite the bullet anyway.
"I can recommend the X300 for road warriors without hesitation, provided they can live with its two biggest downsides: a relatively paltry file-storage capacity and a hefty price tag.
These days, people like Lloyd Blankfein, the chairman and C.E.O. of Goldman, and Jamie Dimon, his counterpart at JPMorgan Chase, tend to get most of their hefty bonuses in the form of cash and stock, rather than stock options, which have little downside.
But these repeat refinancers need to be aware of the downside, which in some cases may include a larger loan balance every time the rate is lowered, or additional hefty taxes and fees.
Hefty fines seem inevitable.
