Recent content by TempusFugit

Actually, the claim is that BXM produces superior risk adjusted returns: same absolute return at lower risk. Here is the summary from the CBOE site: BXM generated superior risk-adjusted returns over the last 18 years, generating a return comparable to that of the S&P 500 with approximately...

Best short term liquid investment? Beer!!

It's the same...it has to be or it will be arbitraged away.

Not only do they pay, the current rate is 4.313% (!), much higher than, say, thinkorswim.

I would be careful. Here is the IRS language: "A section 1256 contract is any: Regulated futures contract, Foreign currency contract, Nonequity option, Dealer equity option, or Dealer securities futures contract." ...and... "Nonequity option. This is any listed option (defined...

My reading of the IRS docs (#550 if memory serves) is that NONE of these qualify for 1256 treatment because they are not broad-based; they are industry specific. Here is the CBOE's list of broad-based indices: EYR - CBOE Asia 25 Index Options | Components EOR - CBOE Euro 25 Index Options...

From the CBOE website: PROPOSED SHORT-TERM S&P 500 INDEX OPTION PRODUCT SPECIFICATIONS Symbols: JXA, JXB, JXD, JXE (Weeks 1 through 4 root symbols) Underlying: The Standard & Poor's 500 Index is a capitalization-weighted index of 500 stocks from a broad range of industries. The...

They're both Chicago guys in the derivatives market so it seemed plausible. Also, I have an OX account, so I hope Phil's stupidity isn't genetic.

Is Ned Bennett, COO of optionsXpress related to Phil Bennett of REFCO? ...just curious.

Is Ned Bennett, COO of optionsXpress related to Phil Bennett of REFCO?

AND the ES settles in the underlying (if its not expiring too) which greatly reduces expiration risk from quirky SOQs. Summary: SPX beats SPY for taxes and commissions; ES beats SPX for spreads and settlements. ES options: it's a DUH.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=53071&perpage=6&pagenumber=9

I use TradeLog which accepts electronic input from most options brokers (IB, ToS, OX, etc.) and then reports back in a Schedule D compatible format. It costs about $200 a year but is worth it in saved time. Also, the guy who runs it (Dave) is very responsive if you contact him by e-mail a problem.

I'm looking forward to these. As a dedicated seller of theta I hate expiration week because the gamma gets to be too much for my risk adverse nature to stomach and I wind up rolling out before I can harvest the richest theta. Weeklys should allow me to fine tune the blend (i.e., with...