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I agree that banks are a challenging arena, starting in the mid-90s when I was a very active day trader I have seen a few crazy things! These days I mostly trade futures, but this looked too good to totally pass up. When I bought Credit Suisse yesterday early AM, I did so as a quick speculation...

Yes, banks could have further to fall. The saying " you have to buy when there is blood in the streets" comes to mind. Credit Suisse is a globally and sytematically key bank. Vastly more important than the recent US banks. I seriously doubt it will be allowed to fail, the ramifications for...

An example for you from commodities world. Look at the options chains for the silver ETF, SLV. Numerous options available, fantastic liquidity and very tight spreads, with some options a tick or two wide with no slippage most of the time. It is very popular with options traders for good reasons...

Immediately after I entered the trade, before I could enter my stop... the dog ate the computer!! Just like in elementary school with my homework. Damn pitbulls ...

I have a moderate level of Russian language listening capacities from my studies, and I have listened to his speeches before. He is always a provocative ultra hawk and can be downright crazy in his pronouncements. I suspect he is being sarcastic as well, in light of all the often arrogant...

I was a day trader of stocks back in the later 90's. I all too well remember the steeper tax rates, and the hair pulling voluminous tax paperwork, Ughh! Key is to trade exclusively using instruments that fit the section 1256 rule. At least then there is the split between 60 % long term rates...

Lots of smaller futures traders out there now, things have changed. Look at the volume of the mini oil compared to the micro oil. Many traders do not at all like the $12.50 tick size on either mini energy, same with the Euro and Yen, micros much more popular. The spread on the mini NG is also at...

They don't call Natural Gas the Widowmaker in the futures arena on a whim. I am sure it has caused a few heart attacks over the decades. I have made a bit of money on UNG call options, but it is very tricky. Especially now with Freeport supposedly coming back online every other day, frequent...

I have close to 12 years of experience in futures now. IF you do go down that higher leveraged road, here are my thoughts. I did have some problems with AMP, I will not go into details. I will not use them again. I also used Infinity, which is now a part of Ninja. I had excellent customer...

Thanks for your comments. I would enjoy reading any sharing of your experiences or tips that you would be willing to share regarding calendar spreads. In the future I aim towards using options on UNG for perhaps such a strategy.

Answering the OP directly who has concerns about spread and liquidity in trading options compared to stocks, perhaps look at options on iShares Silver Trust symbol SLV, which are exceptionally liquid. For example, yesterday the "spread" on call options just outside ATM was one cent, bid .25...

The unusual tick sizes and fractions can indeed make it seem a bit convoluted. Perhaps start out with the most liquid Micro, the 10 year note during RTH, when there is sufficient liquidity overall; at that time slot often a 2 tick spread and a dollar per tick. Since the price is quoted directly...

My post was only regarding the latest action in UVXY as a day trade; using UVXY for a much longer period can be fairly hazardous. As most of us know it is mean reverting after spikes. However, a 5% percent move in a day further leveraged with options can indeed be 'quite profitiable." However...

UVXY is up around .51 ten minutes to the close or about 5.2 %, quite profitable for those who used it via options. Yes, we have seen larger spikes in the past, but insurance via puts is just not at quite that former demand level ... yet! Puts are still pretty reasonable. Buy insurance when you...

It is indeed an interesting UVXY chart, in that if it breaks 10.1 it would then be just above the 8 day MA, a key line in the sand. It also has just about bottomed out near the key 9 double bottom level from both August and September. What I noticed today was the spike in UVXY was seemingly...

Silver is indeed at times a very unusual market, one filled with occasional major, potentially quite profitable moves that can also be further fueled by huge short squeezes. It is both a precious metal and a key industrial metal, which can create some cross currents. Like with gold, there can...

Your Best Possible Future likely waits for you in the Futures Market. I was a stocks day trader back in the mid to late 90's before there were any PDT rules. I do NOT miss the huge tax envelopes I had to mail to the IRS each year, documenting every trade. I do NOT miss my earnings all being...

Market on Close orders, MOC, must be submitted to the NYSE by 345 EST. I sometimes see a mild flurry then. But it is the MOC orders on the NASDAQ, which must be submitted by 350 EST, which just about every time create the far larger surge. If one can anticipate which direction that surge is more...

VIX is certainly perplexing many market commentators out there lately. What really strikes me about the VIX for the last several months is that there has yet to be a classic major spike caused by panic buying of puts. I believe the highest I recall seeing it has been around 36. It is more in a...

Thanks! I have certainly noted how VIX spikes and then can slowly, or more rapidly, engage in a reversion towards the mean. At some point there will be a ripe situation for buying a uvxy put, but not yet!! Your overnight trade sounds intriguing, I would enjoy seeing an example if it ever fits...