Search results

thats a bad start. no need to rush things.

The thing is options pricing goes non linear as panic sets in and pricing models get stressed. BS or Binomial might price at X but if there is a whale who has a profit and he wants to get out and your at the top of the book, he will pay just to get out even if he paid more than what the model is...

Thats a good book, I remember years ago reading it front to back. Really good book, there is a new edition out.

Not really. spending 1 dollar for a binary option that if it in the money you could potentially make 1.3 billion is not a bad risk. It is a low probability limited risk with huge profit potential. You risk 1 dollar to potentially make 1.3 billion.

It is all a fraud but dont hate the player hate the game. Just worry about getting your beat wet in all the action.

no that counts as one day trade. Because you had 1 opening transaction of buying 1000 shares. the two sells of 500 each closes that one opening trade. Bottom line 1 day trade.

Although it looks like that long option position he took was a pure lotto play, OTM few days left. but instead of 90 bucks, they spend millions on it, only to it expire OTM. 100% loss. What he did showed he did not care one bit about his customers money and took a pure hail mary gamble and...

Yeah the big ostentatious bigmouths are obvious scammers. What amazes me is how they can reel in so many suckers.

I bet a lot of people put money in his LP assuming he was gonna do a little insider trading for them like Galleon.

not sure about that, Just keep grinding SPY and use options and not kill yourself trying to choose a stock based on what the CEO says, analysts try to sell, or balance sheets that might or not be kosher. Trading is much better the more variables you remove from the equation. Look at KBIO, it...

SPY and its options will be best stock for 2016, like it was for 2015. :)

Next year if the trade settles the following day. You will see in your transaction logs something indicating that fact as the contract will be removed from your portfolio. so if the log shows it the next day then your okay for 2016.

SPY ETF. Same as 2015 :)

If I was in your situation I would dump the stock and take the 200K loss as cost of doing business and get the tax write off. It is not worth the additional risk in addition to the opportunity loss risk by not freeing up capital for a new trade and taking advantage of lowering your tax. #1...

The sad thing is because of the PDT rule is it ends up leading traders who are undercapitalized to Forex bucketshops where they end up losing it all in a blink of an eye. I would rather have someone daytrade SPY with 10K VS them blowing it in 5 minutes in the Forex bucketshop.

I think I am going to take a look a the Feb 05,2016 calls for 25-29 I told my wife I made a 23% return on the markets in one day. she asked how much did I made, I told her 21 bucks, she was not so impressed afterwards. :) Tally so far. hopefully the next trade grows it more. 12/29/15 Sold...

Closed out my position for 11 cents a contract. For a WHOPPING 23% return in 1 day**. **I made 21 dollars in profits after commissions. At least it covered the cost of the assignment fees when I was put stock at 208 a share. :) or the cost of 5 bags of rocks I bought at home depot...

I put in a stub quote of 50 cents a contract sell to close since I will be out and about today. Looks like someone put in a large spread (Straddle) order of 15K contracts today Feb 16, 217 Calls 14,995 contracts Feb 16, 188 puts 14,995 10:33 this morning. Talk about a wide net. :)

With commission its 90 dollars. Correct, total risk is 90 dollars but the potential of a large upside potential if it crosses the break even price and goes deep in the money. Statistically this is a black swan trade, but once in a while you get a black swan. I am okay with the defined loss of...

Bought 12 contracts for 6 cents. Picking up some lotto tickets. someone needed to close a position so I figured why not help make a market and play some tax deductible tickets. These contracts have little theta in them, Gamma heavy/low probability trade. 18 days to go. And my trade on the...