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What's most impressive is that xflat is long NDX at all those prices ;)

Delta and IV do reflect the odds of the option expiring ITM. Not the statistical odds, but the betting odds. The price point at which bets for (long) and against (short) are in some sort of balance. As long as all the combinations that present a risk-free arbitrage are lined up, all the other...

How riskfreetrading trades is by casually ignoring all the bad calls and flooding the board in self-promotion when he makes a good one. Good readers will have picked up on that by now. I'm still waiting for you to tell me where I went long NDX, so I can figure out when to close the position.

I thought he was short at 1979.

The only logical explanation for his losses is that the rest of us trade the opposite of his position and drive the market the wrong way. Because otherwise he'd have made a bad call, and that's just crazy talk.

In Haiti. Where did xflat say he bought anything at any price? Also, didn't you say in the other thread that xflat was long NDX at 1979? The pretend trades he makes in your head seem to be doing a fair sight better than your own pretend trades. Okay, you got me. That's his buy order...

You get more value per dollar upgrading the car than springing for a vanity plate. Also, if "per dollar" is an issue for you, you clearly have no business with a FUTURES license plate. Let a successful trader have it.

What, Rennick's posting about trading now? I agree, he's gone too far. We don't stand for that kind of thing here. No sir.

The ball is in the lumber yard. Don't worry, we'll w**k on it. Be the ball, Rennick. Be the ball.

Short calls and long puts are the yin and yang of short stock. They give different risk/reward, but they are both bearish positions.

No fair using the magic of compound interest! Seriously though, this is exciting.

It's okay. How could I stay mad at myself? ;)

Heh, is that happening here too? I thought only the people on Yahoo! were that delusional. I think risky would fit right in there. Yes risky, that's right. It's completely impossible for two people to both think you're full of it, so obviously we're all the same guy. EDIT: Hmm, you say...

It looks like it was directed at riskfreetrading. Those two have some unresolved issues in another thread.

Fix'd.

I didn't. I was linking to my explanation, which applies equally to anyone who is not riskfreetrading. Here, I'll break it down for you. risky: hints at actual sentiment without saying whether he took positions, positions materialize later if profitable. everyone else: does not mention...

See this post. It's so frustrating when people post without having read the entire thread...

What does that even mean? Whether it's binary or not has nothing to do with your odds.

So, in the expression "hedge fund", I assume the term "hedge" means something other than what I'd expect?

I haven't done it myself, but I did mean it (though I don't advise it). You can exercise them even if they're DOTM. You don't have to depend on auto-exercise, and you should be in control of your own investments. On the other hand, you shouldn't take any advice about anything from a person...