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I can't imagin taking a long posiiotn into this weekend. Probably means it won't happen, but feels a bit like the 21st.

depends what you consider reasonable.

I don't see double flys quoted for CL on TT. Just regular flys. There are multiple ways to get into a double fly. Buy the first and sell the second fly. Buy the widest spread and sell the middle 3 times, ect.

dead cat bounce or real rally?

first circuit breaker

Couldn't pay me to take a long position into the weekend.

It is long a fly, short a fly. I guess it could be seen as representing the derivative of the cube. +1 +1 -2 -1 -3 +1 +2 +3 -1 -1

What a stupid post. If my friend can't do it no one can!! I started 10 years ago with 1/10 what he had and still provide for my family very comfortably. The long term guys are the only ones who can talk about it without destroying their business. This is why you hear about them.

As do most market makers. Hence the volatility smile! Depressed in the center higher on the wings.

There are a couple mistakes. Trending has almost nothing to to do with option prices. As you mentioned put call parity, there is really no practical difference between a put and a call. One can be converted to the other with ease. You are either long or short and above or below the market...

That is just not correct. The Eurodollar isn't issued/originated at a discount like other short term bills. It settles to libor at a specific time. http://www.cmegroup.com/confluence/display/EPICSANDBOX/Eurodollar The drift that you see I imagine has more to do with our current interest rate...

Don't know about ninja trader. You can find those on CQG at some Chicago FCMs.

90% win rate means nothing, but is doable. Hell selling small out of the money options wins 95-98% of the time. The disaster that ensues the remaining 2.5% of the time is why it isn't a good idea.

There used to be a strategy when CME would give you the contra brokerage house. You put a small order out. If it was a big firm on the other you side of the trade, you flipped immediately, and if it was a retail house you held it. Some guy blabbed and now the CME doesn't give that info any more.

It is funny you mention Virtu. I have a friend who is a head hunter. He claimed that the guys at Virtu in conversation talked about just giving him their strategy. Said without the infrastructure and massive team, you would never make a dime with it.

esignal ~50 a month

Arb it!!!

How deep? I'm guessing 1-3 contracts on the inside bid?

Not even close. The game that the professional/marketmakers are playing is completely different. Are you planning on being delta neutral or are these just tosses of the dice?

Professional options trading is very different than professional futures or equities trading. Spreads are wider. Are you in Chicago? Find a shop to teach you. It is much more interesting than you realize once you understand options fully. Unless you are just using options for leverage...