Recent content by algotrader12

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    Peterffy (IB) takes out ad in WSJ to warn against BTC futures

    Commodities have always been volatile, Bitcoin fits the profile, so not sure I understand all the fuss, look at sugar, silver, oil. Not sure putting up an add in newspaper accomplishes anything, if he wanted to communicate something he should have done it directly to CME, or just saying we...
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    WHAT IF the S&P increases over the next decade

    If you are just looking to invest, then just buy SPY or equivalent and forget about it Alternatively if you want to be aggressive and OK loosing this money, go out into jan of 2019 and buy something like 265/285 spy call spread for for $7.50. Use not more then 50% of cash, it will give you...
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    Rickards: ‘Bitcoin is a Ponzi Scheme’

    Holder can believe anything they want. No one is promising anything to them.
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    A 2-3% Correction Could Wipe Out Most VIX Short Sellers

    So it all comes down to managing your risk, sizing your positions, hedging your tail risk and so on. There is one point that makes sense to me out of all this that inverse etfs are at higher risk of liquidation since an 100% intra-day spike is easier to happen when vix is 9 then when its...
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    Thomas Peterffy - The founder of Interactive Brokers may be preparing a challenge to the Major Banks

    It was a gem @ 15 and 12 p/e. But here @50 and 40 p/e,not sure I am in a rush to buy it. Its a solid firm and market is bullish right now, so it might go higher, but paying 40 p/e for a brokerage is a bit too much if you ask me.
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    Rickards: ‘Bitcoin is a Ponzi Scheme’

    5. High returns promised (with little risk). 6. Exponential growth is needed for the promised returns. etc.etc. Lets clarify something, who is promising you anything and with little risk lol ? The only promise you get is that this thing can go to 0 or 10K right now. Complete gamble, no one has...
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    A 2-3% Correction Could Wipe Out Most VIX Short Sellers

    Long term average is not much higher from 15, but then no one really cares about the spot, when it gets short vol trades, its all about the futures and thy are higher then 9. ( Yes lower then normal but not 9, so who cares if spot is @9) Whoever trades futures understands whats evolved, if not...
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    A 2-3% Correction Could Wipe Out Most VIX Short Sellers

    Nothing is wonderful, Point I am making is, nothing has really changed market is slightly higher and vol is lower and few more people are short vol, big deal, I don't get all the noise around it. Everywhere I look they scream about vix being at 9 and is about to explode and destroy everything...
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    A 2-3% Correction Could Wipe Out Most VIX Short Sellers

    And what exactly is your point? Central bank accommodation has been a theme for past 10 years, if that was your fear then you missed out on a huge rally, what was your solution? staying in cash and fixed income?
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    A 2-3% Correction Could Wipe Out Most VIX Short Sellers

    Well, yes it is a risky trade, I get it. And if you are not properly hedged, you will get hurt. I just don't see this as some kind of systemic risk as a lot of people are trying to present it. Sure a 2-3% daily drop will turn ugly for vol sellers, we have already seen couple of intra-day...
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    A 2-3% Correction Could Wipe Out Most VIX Short Sellers

    For every seller of a future there is a buyer. Besides why is everyone so terrified of 175K short futures contracts ? Thats $175M per vix point. Whats the big deal ? a 10 point move = $1.7B. US market is worth $16T. VIX futures cannot move SPX, it does not work this way. Much more people will...
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    Rickards: ‘Bitcoin is a Ponzi Scheme’

    My Argument is, I do not understand the need to either own bitcoin or hate it. I just don't get the angry animosity. I don't see people going crazy about the $100M paintings. High end wine is another asset that has been going up in price, but I do not see people mortgaging their houses to invest...
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    Rickards: ‘Bitcoin is a Ponzi Scheme’

    Add diamonds to that list. Thats a real scam if yo ask me. At least with bitcoin you have a choice weather you want to buy one or not, diamonds are pretty much forced on us by society. How about art ? Some of it I could never understand, but yet people pay $100M for some paintings. And finally...
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    Looking for broker that allows trading vertical call spreads in IRA

    There is no need to circumvent anything as there is no prohibition. As long as broker allows vertical spreads in IRA and a lot of them do, you are good to go. I do this everyday including my IRA account.
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    Looking for broker that allows trading vertical call spreads in IRA

    Most of the brokers support MLPs in IRA, there are no rules against it. IB is too lazy to deal with paperwork around it thats why they banned them, I had that issue as well. Try ameritrade it should work for you. Vertical spreads is also normally not a problem with most of the brokers, Good API...
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