Recent content by arbtrader

OK thanks I played around with the window and I chose PEG MID as the order type, but as you say, TWS still forces you to select a full tick. So where do I put my limit? Say its 4.75 to 4.80 and I want to Buy at 4.775 PEG MID, do I put my limit at 4.80 even though I don't want to pay 4.80...

I trade through IB TWS and need help how to set up my order on dark pools, like CSFB Crossfinder, in order to cut into the spread on tick pilot stocks. As you hopefully know if you are going to try to answer this question, several small cap names (and some not so small) are trading with a min...

I am not sure what to make of it myself. They are going to pilot 5c tick size (from current 1c) on about 1200 stocks (3x400). Read on: Link http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542761050#.U_08fkthNZg --- So they want to widen the spread? Or I guess most small caps...

what about Auto makers ?

Makes me furious -- "That's because the SEC has largely determined that trading stocks based on advance knowledge of action in Congress is not insider trading. If anything, it's "outsider" trading — buying and selling shares based on knowledge of an outside force that's about to hit a...

Agree payroll and excise taxes (gas, cigarettes etc) are regressive, which the link also shows. I was pointing to federal income tax, which I believe, is what the OP was talking about. I had said that in an earlier version of my comment but then edited it out by mistake when I tried to shorten it.

Are you saying wealth should not grow? Or that 6.15% a year is too high? 8 x (1+.0615)^27 = 40.08 just curious as to taxes, you might want to check http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456 top 5%.............paid 27.9% bottom 20%.....paid 4% In 1985...

interesting, tagging this for later. Curious though, why you are leveraged and holding SHY - short term treasury. Surely this gives you a negative arb on your interest rates, and cap appreciation in ST treas would have quite a hurdle to clear each month and be a drag on your results. What's...

this...

heh same here. I found it hit or miss with the assignments. Looking at PRU this AM, there are some deep ITM Nov calls still with some OI, so some people are leaving money on the table, which is what attracted me to this originally in the 90s. Finding them, or rather dodging the assignment, is...

1) the delta of that option you quote is NOT 1. That deep but so much time out, should be around .95 I would think 2) you are short gamma 3) you are short vega - what if vix spikes? 4) dividends are priced into the option premium 5) cost of carry as others have said For another...

speaking of which, does anyone know a good data source for historical closing bid-ask info on options?

I could so build that, if only I had the software!