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Hi, I'm prop trading my strategy right now, and in the long run am considering a CTA/CPO approach. So, I'm having someone look over my results and calculate NFA-compliant performance results. The "problem" is that I leverage up my funds far greater than what I'd do with investor funds...

Ignoring the other issues others have addressed... By your logic, why should anyone ever in the history of the world ever hold a long stock position over the weekend? Why pay 3 days interest and take a risk the stock gaps down on Monday?

That's pretty darn ambitious. I wouldn't rely on DDE on any non-Windows platform. Even if it worked, I'd be suspicious about reliability/stability.

I think it's the kind of thing where once you have a million, you *want* 10. Once you have 10, you want 100. And if you have 100, you really want that billion. And in all cases, managing OPM will get you there faster.

Interesting Wiki entry: J-Com Co order misplacement On December 8, 2005 an order from Mizuho Securities meant to sell 1 share of J-Com Co for 610,000 yen was mistakenly entered as a sale of 610,000 shares at 1 yen, resulting in an estimate loss of US$347 million. Following the incident...

I've given this topic some thought, because it some what applies to me, and I've been trying to decide if managing OPM makes sense/rewarding. Let's say I have a $1mm account, and I have a strategy that gives me 25% a year. That translates to +$250k a year, obviously. Not bad money, after 10...

Hi, Just a simple question (that I suspect I know the answer to): Are there *any* investment/fund vehicles available to US persons (other than IRAs), that allow us to defer paying capital gains taxes from trading profits, if we do not withdraw these funds?

Exactly. There are two numbers which define China, and is far more important than GDP in any given year: 1) population: 1.3 billion and counting. 2) urbanization rate: 45% and climbing. China's urbanization rate will rise to 70% by 2035. If you do the math, that means 325 million...

I've seen similar "empty" cities in China for the last 15 years. And over a few years, these cities have (so far) inevitably filled up. The Tsinghua professor quoted in the news report is exactly right in that regard. All of the previous rounds of physical infrastructure in China has paid...

My thoughts exactly. Selling option premium is scary precisely because it's misleading. Historical results really differs from future performance. Every day is a new day on the distribution function. I'd be interested in learning what you were doing as well. What's your perception of your...

If you take the middle box/upper row... it's showing: Dec 09 underlying future is trading at $6492. I would guess 39% is the current implied volatility... numbers seem about right. Near ATM call/puts are shown from $6000 - $6800, with the current (settlement?) price for each. Delta for...

Nothing wrong with speculating in vol. Probably easier ways than dispersion, though. Like you yourself said, a lot of slippage there when you're dealing with so many instruments. I've always wondered about speculating in vol between options on commodity ETFs versus options on the underlying...

Dispersion trading is a pretty popular strategy. The idea is that IV is over-priced with components of an index relative to the index itself. (I think about this by saying: investors with large exposure in specific stocks *must* hedge with options on that stock, making them more expensive...

Daily volume on the ATM strikes is close to 100k contracts. So, no, I don't think selling 500 contracts will move the market much.

I don't see how a future is a hedge (assuming the future underlying = whatever it is you're holding). Aren't you just exiting your position? Seems to me options are the only real hedge.

Interesting to see WB's justification. Very valid, IMO... although I don't have the wallet needed to test his theory. Just talking to myself here, with my amateur grasp of econometrics and without an option calculator... and appreciate all corrections. Basically, stochastics finance holds...

Any copper traders out there? I've just noticed that COMEX copper futures have decent volume (~20k contracts trading hands), comparable to silver in fact. But the options basically isn't traded at all. Any reason for this? Are copper options traded in some other form that I'm missing?

Not just inaccurate, but meaningless. The ask/bid spread, if you converted it into IV, would typically be 5-10% of the total IV. What could you possibly see over 5 samples in 2.5 minutes of SV, that would give you statistically significant confidence that the rest of the market's...

IQFeed?

"Nomenclature"? The fact that vaccines approved for use in the US is not available today to the vast majority of very high risk populations, has *never* been available, is "nomenclature"? And you're suggesting these folks were merely too lazy to get their shots earlier, right? Because...