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    How come there is no OPTIONS for crude oil?

    I believe they are floor traded Crude options, at least they were way back. The brokers can't figure out how to deliver quotes electronically because of the complexity of pricing commodity type futures options. Here is a comment I made on one of the Education Resources threads to the OP of...
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    My review of The complete guide to option selling book:

    The book is actually ignorant and dangerous. Why? Because it fails to even mention that the relationship of the different futures expirations of certain futures is not always linear i.e. there are different crop months and transitional months in some commodities and delivery constrains that...
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    NYC Homeless Reaches Highest Levels In 25 Years

    9700 in a city of 10 million is not that bad. Every one of them is a human tragedy of course. If one ever had contact with the homeless or people in the shelters as I have on occasion one would realize that a certain very small percentage of the population is not even fit to handle having...
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    buying options on expiration day

    What you suggest makes sense but for me this is usually a one shot directional play and I would not want to limit the potential gain in any way so I would not convert to strangles. Best, GC
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    buying options on expiration day

    I trade QQQQ options on almost every expiration day and I am definitely ahead overall on the practice. When the price is crossing a particular strike during the quiet midday period I put on a few straddles. (Sometimes if the price is at an intraday pivot I may take it outright.) It is...
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    How about BDI index & SEA

    I would not be surprised if the deep pockets were booking far far in advance now to lock in these rates.
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    Obama taps Mary Schapiro to head SEC

    Need somebody who has a sense of vision and proportion. They were micromanaging - thinking of preventing the little guy from over trading while presided over the collective loss of trillions.
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    Need some assistance using IB's TWS with Quotetracker

    jeb9999, Thanks a million. GC
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    Need some assistance using IB's TWS with Quotetracker

    Currently I am using IB's Booktrader and charts in Medved Quotetracker to scalp. I like them both but the breadth indicators I follow I have plotted in Tradestation. To simplify my setup I would like to cut out Tradestation and plot NYSE TICK, NSDQ TICK, NYSE AD and TOT US VOL in QT...
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    Oil Contango Pays Most in Decade as Shell Holds Crude in Ships

    If the market surges suddenly even on a rumor (say the Israelis attack Iran and Iran blocks the straight) the spot contract will go back to backwardation, but even on smaller rallies - oil doubling in a month from these low prices- the margin calls on the short position have to be met...
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    Unholy Grail to Success

    saliva, Thanks for the amazingly clear presentation of your system. For those who do not think it is a system, it is. A systematic and comprehensive approach of examining price action on different price and time scales with simple and available tools. If anyone doubted the validity of...
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    question about these double leverage / triple leverage ETFs

    ETF's are continuous but there is an expense factor that is a drag on the fund's performance. There is the management fee and there sure must be an "inefficiency" or cost of hedging factor after all they are adjusting their positions frequently, commissions, slippage, etc. The carry on the...
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    Trader Tim Knight, creator of prophet.net, makes bold new call for Dow 5500

    Lets give credit where credit is due. Tim Knight has been steadfastly bearish before and during the market top.
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    Official Thread For The Obama Rally!

    Markets usually don't like higher taxes. In fact, if the market was not washed out as it is, taxation would be the main topic now. Whoever gets in, and it certainly looks like O, will have to raise taxes soon or later. Read my lips:). GC
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    What is psychology needed for make living from trading ??

    Thanks, It is the greatest if simple works for you. GC
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    What is psychology needed for make living from trading ??

    Nell, (You are looking for improving on your trading technique so why is this in Psychology?) The options industry's micro focus on statistics is bull to a large extent because directional events often override even the best constructed strategies. Being able to trade condors is a...
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    most consistent oscillator

    The value of an oscillator should be measured how it functions as a component of a somewhat realistic larger context. For example: moving averages and volatility bands define where the current price is in the structure and oscillators, support/resistance and volume work can be employed...
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    anyone gone from trading at home to career

    Quality of life is the main reason I would never work for a firm again. Money is not everything. Past a certain level quality environment, more free time become important. By quality environment I mean having enough workspace, light, air, being able to see the changes of the sky...
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    Next bubble/growth Industry?

    Resource markets are in a secular bull trend. The current downturn is simply a correction and in a few years we'll be saying they are in a bubble again. I have read that 85% of cars sold in China last year were for cash, housing ditto. Former communist states similar, at least when it comes...
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    Can the U.S dollar become Worthless?

    There used to be a commonly used phrase: "I'll bet you a donut to a dollar" So what happened? In terms of everyday necessities the dollar has declined more then 75% in the last 3 decades and I expect the trend to continue if not accelerate.
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