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  1. Bum

    Today is a good day for China.

  2. Bum

    U.S. Corn Acres

    Aug. 12th likely to be "wild". ***83.5 million planted acres (corn) too low IMO.
  3. Bum

    Please help me, option market making risk return, thanks

    If you've read any stories of other "famous" traders, some of them started out in the business with pretty "minimal" jobs but it was the "foot in the door" they needed. Most weren't hired because of their superior trading skills. That came later. :)
  4. Bum

    BYND, Short call assigned on hard to borrow on Interactive Broker

    There's a limited amount of equity (outstanding shares) available so to short you need to borrow the shares & pay the fee. With futures, new contracts are "created/destroyed" every day so if your order can't be matched with another trader/hedger then the order will create a new futures contract...
  5. Bum

    Wealth Should Trickle Up, Not Down

    Every spending project puts a few bucks in a few pockets & buys a few more votes. A buck for you.....a buck for you.....EVERYONE gets a buck!!! Just put the bill on the card as we won't be around when the bill comes due. Rand Paul is one of the few in congress that cares about debt.
  6. Bum

    Are these Opt order types similar ?

    If your broker tells you one is low risk and the other high risk then maybe someone should explain to them why they have the same $$ risk. :)
  7. Bum

    Are these Opt order types similar ?

    Covered Call: Long 100 XYZ and sell 1 call Covered Put: Short 100 XYZ and sell 1 put ***Futures would be the same except you'd sell 1 call/put for each futures contract long/short.
  8. Bum

    Put writing and margin requirements

    Yes, it's considered "selling naked puts" because you have no protection. Example: Naked........Sell $90 put on a $100 stock. Losses continue until stock drops to $0. Protection......Sell $90 put on a $100 stock but also buy $80 put. Losses capped when stock drops below $80.
  9. Bum

    Put writing and margin requirements

    Not very likely you'd get a margin call unless you're selling puts on very speculative stocks or the market really crashed, which is possible. BUT, "avoid any risk of margin calls" ?........NO! You're buying stock on margin when your broker allows 50% of actual funds needed. So you now have...
  10. Bum

    Wealth Comes Not From How Much You Make But How Much You Save

    #1 reason why so many live paycheck-to-paycheck IMO. Increase the pay by 10% to all employees & most will still live paycheck-to-paycheck as they'll just spend the extra 10%. Spending is the problem, not income. Must be taking lessons from our government. :rolleyes:
  11. Bum

    Opening a new brokerage account in 2012, which one should I choose?

    Think IB will beat all of them on commissions.
  12. Bum

    yellow jacket trading strategy

    #1 on your list is what the article was referring to. Just make sure you're testing this as a LONG-ONLY strategy. BUY at the close of today then close the position @ the open tomorrow. Basically "LONG" the overnight session & no position during regular trading hours.
  13. Bum

    Are credit spreads as risky as naked sell of opts ?

    You're focused on margin & I'm focused on $$. I'll leave my previous response as is with no further comment. :thumbsup:
  14. Bum

    yellow jacket trading strategy

    Before testing many years of data, test your own computer backtest by manually testing the last 10 days & compare to your computer backtest. Sorry, I think too many computer backtests aren't tested very accurately. :-)
  15. Bum

    yellow jacket trading strategy

    Buy just before the close every day and close it @ the open of next day :) https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html
  16. Bum

    Why are big banks cutting trading jobs in the current very long bull market?

    Money leaving "active" trading accounts & moving to passive ETFs. No need for traders to pick & choose stocks. In general, traders will do worse than the overall market so ETFs outperform traders & have lower fees.
  17. Bum

    Are credit spreads as risky as naked sell of opts ?

    EDIT: Meant to say "sell 110 naked call" not "put" ***They need to leave a longer "edit" period :-)
  18. Bum

    Are credit spreads as risky as naked sell of opts ?

    Looking @ options trading from a % rather than $$ is a mistake IMO. Options trading will usually have greater % returns/losses but the focus should be on the $$$. Calculate trade size based upon $$$ at risk and look @ that amount in relation to your entire account rather than 1 individual trade...
  19. Bum

    Are credit spreads as risky as naked sell of opts ?

    "Credit Default Swaps" is not "credit spreads".
  20. Bum

    Are credit spreads as risky as naked sell of opts ?

    Credit Spread......limited loss. Sell naked Call........unlimited loss.....or be short the underlying if option exercised. Sell naked Put.....potential for large loss......or be long the underlying if option exercised. Credit spreads are much less risky & have lower margin requirements.
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