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    Option Market Maker Questions

    Famous derivatives trader Jerry Seinfeld had some advice for this type of situation: "If every instinct you have is wrong, then the opposite would have to be right." - Jerry, to George, in "The Opposite"
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    Looks like Victor Niederhoffer blew up again

    I think he's just using another word - fallacious - for MarketSurfer to flub sometime in the future.:p
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    Looking for a Options trader Job in Chicago

    Uh-oh! Unless you're a potato peeler (in the Army), I think we're about to have an international incident.
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    Looks like Victor Niederhoffer blew up again

    When you're in a hole, stop digging. I suspect Mr. Spitznagel approved the title and cover of his own book. http://www.amazon.com/dp/111834703X/ref=rdr_ext_tmb
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    Looks like Victor Niederhoffer blew up again

    FWIW, he's the cover boy of Futures Magazine this month. http://www.futuresmag.com/FuturesMag/april-2014
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    Cheapest commission $4.95 in US?

    If you're a newbie, the lowest commission cost isn't going to determine your success, but if you insist: OptionsHouse and TradeMonster are at $4.75 and $4.95, respectively, for stock trades. Both clear through APEX Capital; I believe OptionsHouse may be partially or wholly owned by the people...
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    Looks like Victor Niederhoffer blew up again

    As does sycophancy.
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    Backtesting for the chronically frugal

    I doubt anyone is giving away tick data for free, but Yahoo does have daily data and it's very easy to download. You can try this: http://investexcel.net/importing-historical-stock-prices-from-yahoo-into-excel/ Or just Google for the Yahoo URL - the one where you insert the symbol...
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    Looks like Victor Niederhoffer blew up again

    I wonder if he's happy or if he's carrying around a lifelong grudge because a) he hasn't made the super-mega bucks and people of markedly less intelligence have, and, b) now that he's an acadmic/intellectual/essayist/thinker, or whatever it is he calls himself, he's still not at the heights...
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    Biggest Move Per Unit of Volty

    That's a lot of information for 20 bucks a month, and since you can export with one click to a .csv file (somewhat rare with the low cost iVolatility products), you can add your own fundamental or technical data and build a time series dbase. Granted, it's end-of-day, which in my experience with...
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    Zumo and Generic trade

    If you are only going to trade the liquid futures mentioned above, they might be OK. The price is right, but I downloaded a demo of the FireTip software in Oct or Nov (from Zumo) and was underwhelmed. They said they had just upgraded it but I didn't like it. The charts were bare bones with...
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    In Man Bites Dog news ...

    It was probably a throwaway comment, but I skimmed the interview again and beginning about minute 39 (where the comment occurs) there's a good conversation with these tidbits: a) some large firms are or should be rethinking tail protection for that 1-in-100 yr risk (a Sinclair comment is...
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    Has anyone taken Doc Severson's Options MD course?

    In case you didn't pick up the inside baseball, "Filthy" is Euan Sinclair. You can find his books on Amazon and he uses that memborable nickname on the Wilmott Forums and perhaps elsewhere.
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    In Man Bites Dog news ...

    Today I saw an announcement about an Options Insider interview with Jared Woodard of Condor Options. I'm not a regular listener but the topic sounded interesting - a recap of some presentations at a derivatives conf. in Florida last week. The newsworthy item: Mark Longo of Options Insider said...
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    Constant Delta Option Price Relative To Time

    A basic option calculator will let you adjust time to expiration, price (of the underlying) and volatility and show you the resulting option price and greeks. You can find one here (image): There is a similar calculator on the CBOE site which allows you to punch in the ticker symbol, populating...
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    Advice on books

    Someone posted this link a few days ago - http://www.futuresindustry.org/futures-industry.asp - and on the home page you'll see their annual survey of global futures and futures options volume: top contracts, exchanges and comparisons to a year ago. Equity futures and options are...
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    Some basic futures options questions...

    You could dig into SPAN and learn what the SPAN-minimum margins are for your positions, but that will take you only so far since Interactive Brokers (like all FCMs) can choose to margin your position at something > SPAN minimum. If you're trading small to moderate quantities at IB, you can...
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    More suicides....(NY Trader)

    And now there's Corzine's son, dead at age 31. If it's a suicide, there's sure to an article about the sins of the fathers... (Mark Madoff suicide)
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    More suicides....(NY Trader)

    I think the only background story released near the time of death concerns the Colorado guy involved in the mortgage business (title company). He's the one that used a nail gun to end his life after learning the auditors were about to visit...
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    Probability and Std Deviations

    Edit to add some precision to the post immediately above: In some of the commodity data I've loaded, skew and kurtosis are outside of "certain limits" and I get negative probabilities. So far, the values are quite small - four or five decimal places each and cumulatively less than one or two...
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