Recent content by Circle

GTS, Thanks for a well crafted apology. You have a bright future... Cheers.

loufah, Thanks. Again, I'm not blaming Def. Apologize if my posts sound that way. In fact, I applaud Def for being candid and sending all of the good links. One of the worst things about this incident was- "at the end of the day" last Friday, TWS was showing me a net liquidation value...

mskl. You need to make an effort to understand what I'm talking about. We are not talking about trading and order flows. I am interested in the expiration price of a derivative that tracks an underlying. An in-the-money option for example should, upon expiration, be exactly equal to the...

Def, This is just a moot point. Just because people can accurately follow some rules and calculate values in a spreadheet does not make it a good value. Now Russell or CME could very well have set some "ultra-special" opening price rule where the settlement is based on the average of the...

Stock777, Yeah, the ER2 JUNE 853.5 was almost close to ER2 SEP 856. And that's what irritates me. For properly functioning futures market, futures should expire into the cash market at expiration, here the futures actually came close to expiring into the further out SEP contract. Def...

Def, Thanks for providing the CME links. I just re-read the settlement rules to confirm my understanding. Page 3 clearly says that the final settlement price of the Russell 2000 futures is the "opening price of the underlying index" on the 3rd friday of the expiration month. Just so...

Thanks guys. IB did not give me any warnings, and so I held it to close, thinking that the futures should settle the same as the underlying cash index close. So ER2 should have settled at 848. But hey, IB did me a great favor and closed at 855, and ripped $6k from my account.

Its' been a while since I posted. I hope some members can help me here. Has anyone ever let their futures positions expire at IB? (ER2 or other GLOBEX index futures). IB says it liquidates positions. If the positions are liquidated only after expiration, does IB close positions based on...

Does anyone have a link to an RSS feed which can retrieve market quotes for a portfolio (say from yahoo finance) and publish it to my reader ? I'm not talking about market news (plenty of rss feeds on news), but in the quotes. (delayed quotes 30 min is ok). Thanks for the help, in advance.

That was funny. Lol. An inverted yield curve does not necessarily point to recession (although it has had ~80% success). Obviously, there are many other factors (credit spreads, banctruptcies etc), that even when put together cannot forecast a recession 100%. Incidentally, there are several...

larry (kudlow), abby (cohen) and other bulls, no need to panic. Please step in and buy these dips, and hold for 10 years.. Fundamentals look great. forward 1 yr P/E ratio 14, 5 yr forward P/E ~10, 10yr forward P/E only 7.. End of rate hikes just around the corner. no inflation in sight...

This is precisely the reason why I respect Jim. He does put his money where his mouth his.. In fact, from what I hear, he has sold his NY home, and is short several dollar denominated assets and is moving out of the US and into China.. And indeed has bought property in Angola.. As far as...

The question is more of a philosophical one, as you gotta define what you mean by hedging in the first place. As many of expressed, there is no such thing as a fully hedged risk-free portfolio. Every portfolio is hedged only with respect to specific components of risk, but exposed to...