For those who don't know, Derivman & friends margin mushroomed (as in nuclear) from around £20,000 to around £650,000 on a "making Live calls" thread on TW2 recently.
What was particularly sad was the easily disproved "we closed them out last night" claim.
Needless to say, they havn't...
Confusion raging in ADB Mansions at the moment, thought the subject of this thread was the coffee market?
(btw, has Derivman answered a direct question yet?)
Please tell me you were being ironic!
Actually, this thread is far funnier if you put Derivman on ignore and try to deduce what rubbish spews forth from everyone else's replys. :D
And I suppose that a verification process would start by spending about 2 minutes using Google to find, articles debunking your "expert" . . .
eg
http://www.esignallearning.com/education/marketmaster/archive/1205/121605.asp
where the author points out . . .
"Assuming we have no reason to...
With the ultimate conclusion being that selling otm puts on european-style options is a sure thing as you can always roll them back maybe?
(but don't mention black swan margin requirements tho')
Theoretic Futures Price = Underlying Price + Financing Cost.
Given ceterus parabus conditions, Financing Costs will obviously fall in absolute terms as the contract nears expiry.
For index futures, depending on how the underlying is structured, dividends and how the withholding tax regime is...
Left home before 10.00 london time but left eSignal box running, will try to cross reference with Reuters & Bloomberg intr-day Time & sales data tonite/tomorrow.
Apols Gentlemen for this character polluting your thread.
Five gets you ten that Derivman is Ateht/Bull/CYOF or one of his acolytes. (New user appears this morning, appears to have read a 1800+ post thread, has cross-referenced T2W members with ET members etc etc etc)
Any takers?