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No you prove, you started this. First prove that Santa doesn't exist (nor his sister). As I said earlier there are numerous other uses for conditionals. I gave the example of cross-instrument conditions, options on futures, stock on other stock, dollars on gold etc etc... That is why they are...

IB has 'conditional orders' that do the same. I use them mainly to trigger one instrument (options) with the price of another (futures). But not to avoid the marketmaker peeking my order, which imo he's unable to do. Again give us proof/example of a marketmaker that is able to view the...

How do you know? It is sent to the exchange alright (if native) but that is not the same as that the marketmaker sees it! Ursa..

Does Santa have a sister too? Thanks! Ursa..

You're talking about limit orders here. Thats is something completely different from a stop order. Of course a limit order is in the orderbook and is visible to the specialist, as it is visible to anyone else too. In fact, all orders in the orderbook are limitorders. A stoporder is not a real...

Can anyone confirm this? I just fail to believe it. A stoploss order will only enter the 'book' when it is triggered, either as a market- or a limit-order, depending on the type. Before they are triggered they are kept on a separate queue and watched for the trigger to happen. This is about...

Your theory only works if there is a difference between mental- and actual stoporders. The only difference you might assume is that stoporders are visible to the specialist. Maybe on some exchanges they are, but to my knowledge in general stoporders that are native are not visible to anyone...

Of course it is good trading practice, in this case by the specialist, to try and lower the prices to a better level for a buy. And of course, close stops will be hit. However this observation is not usefull in practice: how would you know whether the breaking of a certain level, at which you...

For those interested all that functionality and much much more is available in http://www.hoadley.net/options/calculators.htm It's less fun maybe to buy it, but at least it'll work tomorrow :) Ursa..

For every account at IB you open a second accountnumber that is a paper-trading account. You can enter orders of all types and have them 'executed' at the actual prices. Of course this is simulated and of course execution could be flawed, since you are not really in the bid/ask queue, but it...

A long calendar (short near month, debit) has long vega, so how will it profit from an IV collapse? Ursa..

Around 10% for an averagely volatile index-future. Ursa..

On excersize you pay to the buyer the actual intrinsic value of the ITM option, which is the difference between the strike and the current price of the underlying. The margin is just a kind of deposit to your broker that forms a kind of buffer for negative outcomes. It's size is calculated...

Maybe your dog also knows where the capslock key is on your keyboard; no need to shout at us. Ursa..

I think that's correct, but in the sense that traders do make an assumption about the 'value'of an option, thus estimating the current Implied Volatility. If an option's price is out of line it becomes profitable for a trader to take advantage. If it gets 'to expensive' he sells, and reverse...

Goofy guy!? That's Baldrick, show some respect. "I have a cunning plaen" Ursa..

And all great disasters start that way too. How do you know the difference? If we agree that one has to get out when the market goes in the contrary direction then what is the use of not using stops? Why take a risk and find yourself outguessing the market. Stops are not 'taken out'. They...

Yes, I'm pathologically opposed to anything that involves Microsoft. The reason is that they could easily provide a browser as good as you claim that Avant is, but they just refuse to do it. Why? Because they don't care about good products. I hate that mentality and I think they give a bad...

Anyone who uses so many words to explain something he clearly doesn't understand is a complete jerk in my book. You just don't know what you're talking about and use walls of words to hide your ignorance. In fact, you remind me of that other guy, Grob or something, who polluted the other...

That's a different matter and I most certainly won't do jump through anyones hoops. I agree it may be time to prepare for another platform, and Ensign is one of the alternatives, but as I was reassessing why I dismissed it previously I again found the same problems with it. For me it is worse...