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When someone has been successful for many years, his ego will probably be bigger than the solar system. He'll think that he is invincible, and behaves like a God. There is only one way to do things --- HIS way. This is true for people at Wall Street or Academia. Unfortunately, the market is...

Between April 2000 and October 2002, S & P 500 dropped by about 700 points. What will be your projected performance, if S & P tanks by 700 points in the next 30 months? http://elitetrader.com/vb/showthread.php?s=&postid=1262982&highlight=LTCM#post1262982

You are right on the money. As pointed out by trader3 forty three months ago: Most traders on this board average 30 to 40% a week. Starting with $1000, you should have somewhere around $1,257,494,424.58 at the end of the year. But that's before taxes...

I was just answering a question posted by daniel5198 few days ago. I do not understand why you ask the above question.

I was talking about Options on Futures listed at CME, such as ES options, ER2 options, NQ options, not equity options listed at CBOE, ISE, BOX, etc.

As of today, CME does not charge any fees for canceling or modifying orders related to options on futures. Hence, Interactive Brokers does not charge customers for canceling these orders either. In fact, I ***THINK*** if orders related to options on futures are filled, you get execution...

You may find the following thread helpful: http://www.elitetrader.com/vb/showthread.php?s=&threadid=49849&perpage=6&highlight=interactive%20and%20brokers&pagenumber=1

Playing office politics and/or kissing the ass of bosses create nothing for the society either. Unfortunately, tens of millions of people are doing it everyday. A lot of things in life are not pleasant. We just need to compromise, and try our best to deal with them. By the way, similar...

Yes. Consistency is the key. Every good fund manager can outperform S & P 500 index once in while. Doing it consistently year after year is a completely different story. Hundred of thousands of mutual fund managers in the past and at the present have been trying to beat the S & P 500...

US equity options expire on the third Friday of each month. However, market-makers can wait until the following morning to exercise their options.

Yes. This is assuming that you trade via an online broker with LOW margin requirements for selling options, eg. Interactive Brokers. Other Brokers like OptionsXpress have imposed much higher margin requirements.

Options on Broad Based Indices are 1256 contracts. Most, if not all accountants, agree that ETF options should be treated as equity options. For short-term trading, SPX options do have some tax advantages over SPY options. Wash sales rule does not apply to 1256 contracts either.

U.S. Equities Markets 9:30 am to 1 pm ET (Extended Hours Trading to 2 pm ET) on July 3, 2006 Early futures markets closings for July 3, 2006: CBOT Metals - 1:30 PM EST Bonds and Notes - 2:00 PM EST CME Equity Products - 1:15 PM EST CBOT Mini Dow - 1:30 PM EST

No guts, no glory. You are a brave man. Good Luck.

Hi, Where can I find Niederhoffer's performance record for the past few years ? By reading some of your posts, it seems that Vic has been selling tons of S & P 500 Put options. Thanks.

For the 11 full years ended December 1999, Jim Simons' Medallion hedge fund cumulative returns are an eye-popping 2,478.6 percent. This multi-billion fund returned 29.5% in 2005. Setting aside a management fee of 5% and a performance fee of 44%, the fund gained almost 60%. Its after-fee...

Futures, options, options on futures, etc, are agreements or contracts. Hence, shorting does not involve borrowing. However, you do need a counterparty, who agrees to deal with you, and assumes the corresponding risks. Does an insurance company need to borrow an insurance policy from...

Option exchanges such as CBOE, ISE, PSE etc., have imposed cancellation fees for option orders. As of today, CME does not charge anything for canceling or modifying orders related to options on futures.

I shorted two contracts of SPX Feb 1310 Call one day before expiration via Interactive Brokers. This trade used up about US$36,000 of my available fund. At that time, the Call option was about 25 points out of money. That is how I come up with $18,000.

It depends on the brokers. For Interactive Brokers, the margin requirement for shorting one contract of May S&P 500 1350 Call option should be about US$18,000.