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Risk of ruin outweighs business model of modest and consistent gains. Ever tried to re-balance an options book that features short gamma in a moving market? You can't really even come close to covering with stops like cash equities or futures - you find the offers to be incredibly wide and...

I am really starting to warm up to this guy's interpersonal management skills with the press and the unions: http://hotair.com/archives/2010/05/13/video-chris-christie-destroys-reporter-for-calling-him-confrontational/

Chillax in the June flat price futures, guys. The CL M-N10 exchange supported implied spread had volume of 155K yesterday, and the commercial strip roll is ruling the roost at the moment. When commercials are rolling, models are usually shit. (not to mention your ETFs and GSCI types). I'm...

Atticus, FYI my guys saw a buy to cover signal at 0700 this am on the front crude calendar. I am also advising them to move over to CL N-Q because models are shit when commercials are rolling strips.

Because being short gamma can leave a very big mark.

I have received several queries about my scheduling availability for private webinar conferences with clients. One of the benefits to me for capping client enrollment and controlling how I rotate new clients into my training program is that I can schedule a private session just about any time...

Your broker will never let you get that close to assignment. He will offset it for you going into first notice even if you don't want to. And he will stick you with a conversion factor settlement that you will certainly not like, and since you are a buyer you get stuck with the tab - even...

Crude Oil calendar spreads have been very good the past few days - looks like they are picking up a tad in range and vol which is good for us. Several prospects have asked about using more 'retail-oriented' brokers like Interactive Brokers for an account to spread trade. The fact of the...

The BOTS are only tearing you up if you choose to compete with them in their domain and in the space of their business model. IMHO, most independent traders should be moving away from 'stat arb' timeframe holding periods. I have most of my clients holding relative value positions for a few...

You are now promoted to "super"starfishprime. RBOB Crack will fade away about October-ish when the refinery runs get changed over, and then we will start trading the Heating Oil Cracks. Myself and a few clients trade the ICE Gas/Oil Brent Crack year-round. There are alot of idiots who...

CME Group >> Market Data >> Spreads >> Energy Choose the more common name physical products Different charting packages have different symbology for exchange-supported implied spreads, for example, on CQG, the front month RBOB Crack is RBECLEM0 Yes, there are many many many different...

Marting: When I first started doing this, 75% of my new clients were fixed income curve traders sick of fading moves and having their heads handed to them. Well, I gave them a divergence model that works, and I gave them a much broader selection of market spaces to be in - my theory for...

NoB (1.6668) was tail-end Charlie on that move in terms showing it's hand.

They had short signals on the FYT (1.5001) and the GE Z10 - Z11

All of my clients have some trading experience. Most are full-time professional traders, about 50% independent and 50% are proprietary/institutional. I have three clients who are experienced traders and are in full-time jobs not related to trading - their preference is to study along with me...

I did take a 'body count' Thursday: equity pairs clients report that they actually made a modest amount of money. That is pure luck - the model didn't have them in PG or MMM or EXC. By design I discourage my guys from taking afternoon signals unless there is a ridiculous level of bias in it...

Oh, and when you step inside somebody's boat, leave your shoes on the swim platform please. And the head is supposed to make a noise when you flush it because it has an electric pump.

I don't feel alot of love for the common equity index spreads like ES vs NQ, Russell, Dax, FTSE, CAC, DJETx50. Best spread going in the pure index plays has actually been a fly with the ES, Nikkei and the Kospi.

Well, we will find out. A couple of these clients are very well funded and they've been doing it for years. The prop firm who licensed my "gray box" has like $20MM in buying power. We shall see.

I think that my models have alot of upside in equity pairs - my last three clients are in that space, and so is the prop firm who licensed my stuff.