Newbie options question...why not buy some OTM puts then? Especially considering current volatility conditions and what happened last time there was a significant downspike?
BBI price chart
BBI volatility chart
BBI on iVolatility.com
Thanks fuf for organizing the get together...it was great to meet everyone, and I think it would be great to get together again. A study group sounds like a great idea as well!
A couple of people asked about the vanandcalgarytraders mail list that exists. Those that are interested can go...
Their point was "to speed up the pricing of financial instruments such as futures and options, a task that requires notoriously tricky computation".
This can be an edge.
"A French bank hopes that bundling spare capacity in hundreds of computers will give it an edge in the financial markets."
http://news.bbc.co.uk/2/hi/business/3090002.stm
Beats nannylord or housecleaninglord, imho. How many people are in mammoth fulltime?
Seems pretty extended, but I wouldn't be too surprised to see more lift after some pullback. All depends on where your stops are and your timeframe. :D
I took a pretty close look at their site and couldn't find any specific info on the stop/limit order types. Do you happen to have a link to that info? I will download their software and check it out later, but I was just curious now...
I think it is very interesting indeed that they have...
Nice to meet you too! No, I don't hold any LOUD anymore, a closer relation that that. I noticed that they had hit $1.92 that day as a high, just a coincidence. :)