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I think the correction in tech should continue, but lower rates and more spending is good for financial stocks, commodities, service industry, small and mid cap. There is also the filibuster to consider if democrats are going to roll back major tax cuts, especially the corporate tax.

Yes, that data will include all trades. Pure spot in MXN if I remember correctly is closer to 26bn.

CLP trades between usd 1.2-2bn daily if you include local spot and NDF’s. I think your figures above include rolls and spreads.

Financial Transaction Tax(FTT) is very popular in a couple of Latin American countries such as Brazil and Colombia. It is a very efficient tax to collect and easy to sell to the masses. In those countries, checks, and money transfers are charged, but financial instruments cleared through...

Thanks for the suggestions. Agree an NOK, Chile(CLP), just not liquid and accessible on the retail side. I think Banco Santander Chile (subsidiary) has an ADR, that may work.

Thanks. Took a look at it and compared it to OXY and they pretty much look very correlated. OXY has almost 10 times the volume and a fraction of the bid offer spread of CLR.

What would be the optimal way to play a commodity rally? Mainly focused on oil, copper and certain soft commodities. Obviously individual stocks of the major producers is one way to go(most liquid? major players in Oil and copper?). Currencies? Perhaps AUD and BRL for metals and soft commodities...

Frustrating day despite closing .44% up. Mainly because I had the positions to close 2% up. As i posted the start of the day today I had taken the decision to take off the lower side of an AMZN Iron Condor that expires on Friday as I had a bearish view on tech. Instead took my kids to Dunkin...

Real Rates and Terms of Trade I think have a big influence on currencies.

Start of the year and looking to continue with my big tech bearish bias. Have some downside strategies on AAPL, FB and QQQ and some downside BIASED strategies in AMZN. AAPL just seems topish to me with a double top at 140ish. FB also seems in correction mode and I feel we could test 260...

If i have witnessed it one time I have witnessed it 1000 times. Undisciplined traders stopping at the lows(if long). Average in, average in , average in.....insomnia..stop.. full reversal.

End of Year not much different from the Dec 18 performance report. Put only a few trades that should payoff first week of January. Other than that, spent time building some pricing/analysis tools. 2021 market feels like it will be a difficult market to trade as IV move lower(?) and screaming...

All done in python/jupyter lab. Just built some classes to price different strategies. Have to rely on Yahoo Finance, wish I had better data for options though.

Lets take a look at TESLA as it has high IV and probably has ton of IV curve craziness given the retail activity no this stock. Put Flies from mid taken from Yahoo Finance Fly 650-655-660 price is -27.500000000000213 with max payout of 472.4999999999998 Fly 655-660-665 price is...

Leave a stop at 200 to buy and if that gets executed place a new stop to sell at 200, and so on and so forth. You will never lose! Sadly this does not work as market are not continuous and there is of course slippage(plus b/o). Most likely you will lose on the option and on the cash position as...

Technically when you trade flies your trading probability. As the wings converge at to the body, the price of fly should reflect the risk neutral probability of the spot price ending exactly there at expiration. As you widen the wings the price should reflect the probability(risk neutral) of...

Or the alternative: “When in doubt buy 100 more.”

Today it felt as if there was a rotation back to large Cap and big tech from value. Maybe looking for safe haven as we approach EOY or there is more clarity on the vaccine rollout. Especially since the rollout feels like is falling behind schedule.

hi, and thanks. In terms of ideas generation, mostly through my broker platform and some scripts I have programmed in python to sift through the data and price some strategies. The rest is just finding a macro theme that catches my eye. As far as results, too early to tell.

Once we broke the major trend form March, we have two competing trends here(Red and Blue). Personally, I feel Amazon has priced in all the benefits it received from the pandemic. I would be surprised if we make new highs on the next few months. AMZN stock is around 60% higher than the closing of...