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Why trade options for direction if you do better with the underlying? To be honest, it doesn't sound like you understand the instrument very well at all. A position consisting of solely long options is a poor choice, imho, unless iit is for purely a single direction. Your idea sounds great...

Ah, Michelle(drool). Nice place on Russian Hill, it's where I'd live in San Francisco(I'm a big fan of seafood and veal saltimboca and latin chicks). As far as Milt goes, I generally agree with him, Greenspan didn't buy net stocks at absurd valuations. What we are seeing in energy prices and...

Yes, but, maybe not all of it..

Based on the C.Y. 2000 CPI index of 100, prices have gone from 80 in 1982 to 98.9 for 2001. If you look at it from a Dollar perspective, I think the rate 20 years ago was 350 yen to the dollar compared to today's 117. The funny things about this is that Japan is expected to surprise to the...

The past couple of weeks was the first time since the bear market began that I felt a part of this process begginning. People have to learn not chase stocks either up or down. They still do. When Vol gets annihilated that will be one of the signals we are nearing the end. However, people...

First day back, over all I should have been more patience and let things set up better. I wanted to buy the 12 puts as my protection, but to be honest, it wasn't at a very good price. A four lot of the 12 calls got hit which was good. I should have been bidding for those instead of the puts...

Oops, forgot to enter a limit on those 15 puts, got executed on the bid at 1.40.

I'm back after transfering everything around. Of course, I click to open the software and my internet connection is down this morning. Anyways back to my favorite stock, CSCO, I bought a ten lot of mar12s for .25 with ten more to still there. Also bidding 1.50 for the 12 calls. Short 1000 to...

Why the seperate categories for index and SSF? What about other futures like interest rate, grains, metals and energy? Shouldn't the indexes and SSF be in the same group with another for the rest? It seems like a bad idea to lable these groups as such even if most people wouldn't care if...

Isolationism? Does any sane person think the world would be better with the U.S. not having 13 aircraft carriers roaming the seven seas. The French are excluded from being sane along with the North Koreans.

They don't don't go after the CFTC because they are too stupid to figure out what a derivative is and the banks are too powerfull. I mean that literally, pols being too dumb. As far as the uptick tick rule, there are markets where it doesn't exist. They seem to do ok.

You guys have neglected to mention the throngs of homeless people asking for money on every corner or the sweet smell of urine that blankets the city. If it's bad now, what will happen if Tommy Ammiano is elected mayor? Still, you could find a decent neighborhood without these problems...

Um, yeah. Besides having the stock get pinned at 30 for the March expiration, what else could you want. IVs typically come in as stocks rise. An option further out will hold its IV better as they tend to stay closer to the historical volatility mean.

Very true insights. true as well, plus we have no conspiracy theories to toss around. MY biggest size was 40,000 shares and 600 option contracts.

Shhhhsh, it's a secret.

To day trade, you need nothing except basic math. What you should take in college is a lot of math. That's where everything has been going for a long time. Economics is fine because people look for that, but, I have known a couple of grads in that major who are unimpressive.

It's funny because some Americans may not know in common European vernacular, although traders understand from experience with specilaists, Greek means getting fucked up the ass.

From realmoney.com: Go To Street Insight Market Talk Aaron Task Kass 2/10/03 02:49 PM ET JJC: that is a "gutsy" call by Kass and sounds like an all-or-nothing bet, given his simultaneous bullishness on shares. Speaking of such bets, remember the discussion here in the CC and...

Sorry Nhkoi, bad call

I've thought the same thing on these boards for the last nine months. Wtf do they mean by a prop firm or haircut? However, I've worked for a MMs group who made decent money of their traders. It's all the same.