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What is "Cru" ? :D TS

Given the national context this is exceptional. The national average I believe is closer to 221 - 284 days. TS

Relative to the rest of the state my last metric showed it #1. TS

gulp. I could not resist the sudden upsurge action in SPX to pick up just a few credit spreads to the upside that I have had a bear of a time getting filled for weeks. I had to go less far out to find trading volume than I would have liked to get a reasonable premium for remaining front month...

I have seen some weird things in the market but at the start of today's open I checked my trading positions to find the following weirdness in one of my option positions that just about made me have a heart attack. UCEAI CALL VERIZON 100 VZ + 5 IAR JAN 45 (LEAP 2009) (Margin) Last [Tick]...

Given your interest rate numbers the precise difference in monthly payments on a $500K mortgage is: $696.34/month. For a $250K mortgage the monthly difference is: $345.67. That is the financial gap that needs to be overcome. Most people living in that more expensive $500K home are in an upper...

All good stuff Cache. Thanks. Its refreshing to get level headed insight, knowledge and perspective devoid of the routine vanity, insults & superiority ego baggage that masquerades personal opinions as expert advise. I have started experimenting with CTM/ITM SPX debit spreads. I am doing...

Well, back a few years ago ARMs were cheaper than they are now; in fact dirt cheap. We now have a yield curve inversion and the game has changed. 30 Year fixed rate can now be had for less than the cost of an ARM product. Call up your local mortgage broker to inquire if you don't believe me...

But the truth is that it is now cheaper to convert those ARMs to cheaper fixed rate mortgages! That saves people money and reduces risk. Besides, the FED is not in control anymore. All they can do is print money and are currently extorted by a weak dollar, poor trade imbalance and risk of...

Just another perspective: I don't trade to optimize every $1 of my available trading margin like some others here do. So paper losses do not mean a lot to me if my position sentiments remain good. In fact, as a front month trader I usually have to wait till the 3rd week (in 4 week expiration...

Aw, shucks, I hate it when you hit me the "facts". But here is another perspective to consider as to "why developers are canceling projects and going idle. The truth is there is still a huge demand for lower cost homes. I am not talking about the granite everything large McMansions that were all...

Ah, OK, the " I can lose $40K 0n the 740/730" part is what the concern is all about and you don't have a real concern on the position technicals or expectation. That's par for the course in credit spread trading and something that took me a lot of time to emotionally differentiate. Just wait...

I too am very interested in your rationale here and was wondering the same thing. Thanks. I am just now starting to get acquainted with the subtleties of the RUT underlying and its a new kind of animal to me. I have a slightly worrisome credit spread put on at the JAN PUT 76/73 strikes. I...

I don't know what market area you are in but Real estate is my forte and what I made a lot of money in. I am a broker (when I am not trading equities). Around here in central FL homebuilders have SHUT down production since they are bumping up against their old inventory built for lower costs 2-3...

Stoned Investor : Hey dude did you see Genomic's (GHDX) 14% spike up today on favorable news with United Health? OMG man you called it. But I have to say I was sweating bullets and had to violate one of my own cardinal rules about averaging down when it tanked down back around Christmas time...

Oh contraire, the proper way to look at housing these days is as a storehouse of commodity that can be monetized/liquid via the instant ATM effect of home equity loans. Those homes have enormous amounts of concrete, steel, copper, PVD, asphalt and oil products embedded within them. So the value...

It's OK. It was "on topic" since opportunistic "waiting" for favorable market swings is a big part of profitable SPX credit spread trading. So its important to find things productive to do while "busy waiting" to compensate oneself for the time-value-of-idle-money begging to be let loose. To...

Global Oil Industry is clearly in yet another conspiracy to preempt the Democrats from putting in place windfall energy taxes and anti-big oil legislation. They will now be able to effectively argue "where was congressional concern when we could not make a profit to offset losses in oil field...

OMG Appl just shot up 8% to $92.6. While I was waiting for SPX to give me an opportunity to open a new CALL credit this front month period I opened a substantial CALL side debit spread on APPL. I got a good price at the April 80/95 strike back on Dec 27th when it tanked to 80ish on the S. Jobs...

I had prepared a well thought out response but to make my point required too much "verbosity" curvature. That is in conflict with my new year's resolution so I'll be brief & leave you with a final concept to ponder. Most FOM credit spreads generate very small premium (especially under...