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Since this is my first brokered CD, I submitted an order for a $5k CD, 3 month maturity, at 4.95%. I just want to see how this works and make certain I don't screw anything up. :)

Yeah, I'm seeing brokered CDs, with maturities from 3-12 months, at 4.90 - 5.05% .

We have a winner! :)

Nothing new about that. lol What was fascinating was the complexity of the scamming operation and the number of shell companies they had, and how they used sponsorships of a number of English Premier League teams as a way to *legitimize* their scam operation. The length some people will go...

Just watched an interesting documentary. From the video description:

I won't be trading through Merrill, so not concerned about marginability. I looked at treasuries, but CDs looked better to me, at least for short terms. Thanks for the suggestions.

Thanks for the clarification. If it happens, I'll wait it out, as long as I get my money back... eventually. :)

Okay, appreciate it. You've been very helpful. Thanks, again!

Since you've used Merrill: Let's say I do a $5k brokered CD, are there any fees added to that for self-directed accounts?

Appreciate the explanations. Thanks to you both.

I've been looking into brokered CDs through Merrill as a place to park some cash, but I'm a little confused about what protection these CDs have. The broker indicates brokered CDs are covered by FDIC insurance. However, the broker *appears* to set these up at the issuing FDIC bank in bulk, and...

Won't post the name here because it's a competitor, but that post/thread should be easy to find with the right key phrase search.

Some years back, I ran across a post on another forum: An ES trader, trading, as I recall, 60 contracts, was getting stopped out much more than usual and wondered aloud whether something was amiss. Someone posted a very long response that I found interesting, so I saved a copy. Since it's...

If you feel like you're overfitting (or even if you don't think that), might be a good idea to forward-test in SIM until your algo proves itself, then move to one real-money micro, and only scale up when your gains support doing so.

I continue to dig into this, again, out of pure curiosity/fascination, and from what you've provided, it looks like you traded about 35 points or so OTM, with the delta on your 3900 short put around 20, and around 16 on your 3975 short call, with IV in the vicinity of 20. And at 1000, looks like...

Thanks. I appreciate it. That helps flesh things out a bit.

Out of curiosity, what was the SPX price when you entered those two trades?

Oh, yeah. I was looking at the futures price. lol

So your call spread bit the dust and you lost $700 and change? Am I reading that right?

Was just thinking out loud. As I mentioned earlier, averaging down is not my thing, and I know it's not yours either.