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So it was the mechanics of trading the futures and not the inability to discern direction. ok. Sometimes people need to move around and find a product they can trade. For the amount of capital you have, it is difficult to execute a strategy beyond directional trading or scalping. I have...

Why do you think that you could trade the option when you can't trade the underlying?

or do this: some text produces some text some text produces some text some text produces some text

What if I am quoting something in parts or from an outside source? or an url link?

If you want to quote something, you just click on it and the appropriate tags are inserted. Just like the smilies faces are to the left.

Is it possible to include Visual Basic buttons on the posting page to make things easier?

Here is something: Looks like the penny increment is only good for MM during the PIP period. Looks like the public will be able to participate to an extent.

The PCX has dropped to fifth! Why would you need to stand in a pit six and a half hours and develope back problems? Wouldn't this hasten the floors demise? On the CBOE: They must be colluding with chiropractors. That's the reason it has taken four years to roll these things out...

LOL, considering how loosely phone lists are thrown around an exchange floor, I am surprised more public customers hadn't tried calling a trading pit directly. I only have one vague recolection of some 1 lot public customer calling a LMM on the Pcoast asking why he wasn't filled.

Some R's in the house tried to get it passed before the election but the D's in the Senate wouldn't have taken it up anyway. Bush didn't push for it. His economic team has done a piss poor job. Last I heard they might try and throw it in with next year's budget.

It depends on how wide the two spreads are versus the one and how liquid the market is at executable prices. Figures: It is where the liquidity is at. It's not that that Euro/Yen doesn't trade, it does, that's why I used the qualifier "typically". There would be a lot of factors going...

Ah o.k., Some of them are exchange traded. I couldn't find a quote though for the reverse exchangeable stuff, rex.w or rex.u, or the issues by Lehman Brothers. The site says they are listed on the Amex. Anybody know how to pull these up to get a bid/ask?

LoL, I have thought about asking the same thing. These products have many of the same characteristics as options. I think they are mostly used by institutions who are restricted from trading the regular derivative products. I Looked around once to see if any of them are exchange traded but...

It depends on your perspective. Currency trading is mostly done through the dollar. If a German trader wants to buy Yen and sell his Euros, he will typically buy dollars first and then use them to buy Yen. The Euro/Yen cross is quoted but is not as heavily traded as each currency is against...

The firms I remember from the CBOE were also on the PCX. Names of the smaller ones escape me or were merged with the larger ones. What do you want to trade on the Merc? Stock index futures are moving electronic, it is only a matter of time before it is off floor. Eurodollar contracts are...

Sorry it took so long. You have the basic idea. They are popular with MMs in the pits because they are locks. In other words, they typically don't blow up in your face except under specific circumstances that rarely occur. So unless they have one of these things on during a partial tender...

Sounds about right. One strategy is to scan for cheap puts with a couple of days or a week to go. Look for something that is the next strike down trading for about a quarter. The model a lot of people use as well as people looking to salvage any premium causes these things to go for nothing...

I used to get pissed. My mind would focus and would make back the loss and then some. This went on for a while, but then, I stopped getting pissed. My emotional capital got used up followed by my account equity.

I was going to ignore posting(and this thread entirely) till Friday but Traden4Alpha asked a couple of important questions. The quick answer is that there are exceptions to everything. Everytime I post something, there are about 10 howevers in the back of my head. I don't post these because I...

A couple of snippets I just found in a B of A Securities research report from July: "But delivering promises is taking a toll. As the company cuts marketing, raises fees, and changes it funding mix to deliver earnings, we are seeing 1) 10%-plus brokerage account attrition, 2) larger drop...