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This is the question I have as well. If the trade caused that much market movement shouldn't it have caused dramatic changes in the skew structure of the options especially on the call side as they had to close specific strikes? Because I didn't see it.

Same boat, unfortunately my wife thinks that sitting in front of a computer trading is the same as her sitting in front of a computer on facebook and means I am available to hear all about her day and help solve her problems. Helpful tip: have a youtube video ready to go so when they walk buy...

Trading will be the least of our worries. There is a great documentary called "Terminator" that shows what our future under AI will really be like. Skynet will be the end of us all.

Somebody posted a screencap of where he accidently showed that it was a IB demo account. Also explains why he had to update the Apple data afterhours with the crappy yahoo site. Kudos to him, theater at its finest.

Just listening to his stupid ringtone at 58:15 is entertaining enough. Wonder if the phone he smashed is an Iphone?

Well at least he lost it in an entertaining (for us ) fashion. Even if this is fake it was still entertaining. In that span of 15 minutes he went from disbelief, to grief, to hope that it reversed, to acceptance that he is a loser. Fantastic.

This is much better than my idea of getting up early and reading the wall street journal to trade off what it says. Maybe Trump has a myspace account I can follow.

Keep in mind there is something called weighted vega. That means that even though the static vega numbers say you get more with a LEAP, the truth is if we do have a correction and vol pop, the closer to expiration puts (provided they are not expiring too soon) will explode in value and rise...

It's not the domestic employment that scares me. It is the inevitable unionizing of all of the work forces that make our products.

If the end truly comes, the only people who will survive will be primitive tribes and those miserable people on the alaskan shows. All of these super rich in their shelters and preppers who think a closet full of canned goods is the way, will be gone just like the rest of us. I remember seeing...

I always worry about what the market doesn't do just as much as what it does. And the fact is we are still sitting here in this range instead of exploding up in to new highs.

I have never seen that first video. I think he summed up his problem when he started describing that picture of him standing in front of the giant wave and refusing to get out of the way.

Seeing how Buffett's net worth is tied to the market, it is probably in his best interest to say everything will be fine regardless of who is in charge.

She might be in the market for a sugar daddy. That site is better than tinder!

The strangles you are selling would be very cheap based on current vol pricing. Have you modeled this trade with a vol pop where the weighted vega blows your shorts up a lot higher than the longs? Your net longs may not compensate you enough to overcome what your shorts will cost to buy back.

Isn't this topic the underlying theme behind all of Taleb's work and his fund? Unlikely events occurring way more often then priced in to the options market?

Our kids do so poorly because we can afford to give them Iphones and laptops to do the math for them. That way they can busy their minds with more important things like snapchat and texting. Hopefully in the future these skills will be necessary to succeed.

Fortunately, people are crazy. Especially when it comes to money. I have made trades that a computer would just shut down trying to understand why I did it (I don't even know what I was thinking). Logic only goes so far in trading.

This would be the way to go, SPY Options have excellent liquidity and with so many expirations you can tailor the position to fit your trade. Just make sure you read up on the CBOE website on how options work and spend some time on paper first. If you want to jump up in size you can trade the...

I don't think it is the income not keeping pace so much as it is people wanting to buy the latest and greatest of everything without thinking about the cost. $800 surface pro to be current, $299 iphone since last year's is so uncool. I think if people really added up the amount they spend on...