Recent content by Wasabi

All GM vehicles are selling at Supplier price plus rebates right now. Supplier is basically invoice. E.G. a $45,000 MSRP Tahoe is $41,000 plus $6,000 rebate. Your price is $35,000. How much do you think GM is making selling vehicles with a discount of more than 20%?

You need one of these: http://www.youtube.com/watch?v=MuIq1_zgpr4

I had the same problem several years ago in 2004. I ended up double screwed because I entered two sell orders and didn't know if I was in a position or not. I did get through to the trade desk after an hour or so. They assured me that all was well. It wasn't. It cost me @ $400 and they...

Yes, that is how I understand it.

Interesting work. Yes, the numbers I presented were based on Haggerty's work. As I said, it been years since I looked at V-bands. If memory serves, according to Haggerty, the levels represent reversal probabilities only. You mentioned "touching" and "closing" twice. Forgive me, but I...

1353 was yesterday's cash close (1352.99). V-band levels can be used like floor trader S/R pivots, the difference being that V-bands are calculated using implied volatility of the at the money options and the cash close. Edit: The operative term in my original post: reversal

Several years ago I looked at volatility bands. Your comment raised my curiosity enough to dust off my spreadsheet to take another look. V-bands for today look like this: 1387.01 95.00% 1378.51 88.00% 1374.76 80.00% 1370.00 68.00% 1353.00 Close 1336.00 68.00% 1331.24 80.00% 1327.49...

In you example if a trader averaged one tick profit (on the ES, e.g.) per trade, the daily gross profit on 50 cars would be $18,750. $4200 a day in commission. Over $14,000 net is not a bad day.

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It depends on your broker...I've seen margin as low as $500 per SP contract with 10:1 and as high as $3500 and 1:1. Minimum cash is usually at least $5000...