Why the rule that the dealer stands on a hard 17?

[BoSox]

Don, I get where you’re coming from, but I still would argue value occurs when an option or future trade occurs. This is the time element of the vehicle. I fully understand the options and futures markets are also used by speculators (some would call these people gamblers).

From a mathematical standpoint, I understand value has probably not be created when an option or future trade occurs. It should be pointed out these trades are much more complicated than any mathematical model can predict since they include outside influences that are outside of math. This is not true with games in casinos, which can be modeled with math, and are not impacted by outside influences.

When gambling and casinos were illegal in our country, options and futures were legal. Why? Because options and future add value for our economy, which is driven by the stock market..

Dbs, now you are giving tips and advice to Don Schlesinger on the ins and outs of how the Futures Markets work, I am sure he appreciates all the pointers.