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    the financial stocks are getting CRASHED!

    Man..it seems all the previous support levels for the bank stocks have vaporized. Look at mer, leh, wb, c, etc... almost in a slow freefall.. how low will the banks go, i mean at some point the book value has to kick in...
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    How do you explain difference between S&P index and SPY ?

    All you need to know is spx is 10x spy price generally speaking, each has its own bid/ask and market. Spy options have a much narrower bid/ask gap which is more friendly to retail traders. that's it, you dont need to know all the other details to trade. Unless you writing a college paper or...
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    Time to start building China shorts

    chiness stock market isnt doing so well now because of government policy to cool it down and large amount of liquidity been pulled out of the market to invest in the US because of the "cheap" prices. how all this will end, who knows. btw you cannot short or daytrade in the chinese stock...
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    selling options with no margin requirement?

    Hmm this seems odd, but i just tried on optionsxpress. Selling Dec 08 puts on futures (ESZ8) at strike 1260. Each contracts i write will have a credit around $5000 but the odd thing is the margin requirement says 0!! yes ZERO! this has to be some kind of error right? i know options on...
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    January Expiration

    08 i think. Since your position is closed (expired) in 08 not 07. Doesnt matter when you buy it, it matters when you took profit/loss.
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    It's Official: Microsoft Vista Sucks. Just ask Microsoft Execs.

    what's all the big fuss, all the windows upgrade are like that - from 3.1 to 95 to 98 to me(worst) to xp to vista. Never run out and buy the new OS, always wait about 2 years before making the upgrade, allow the bugs and hardware issues work themselves out. The only time i bought the...
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    The issue of Interactive Brokers' credibility

    lol....thread of the month
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    Moving to NewYork, any advice?

    Give the guy a break fellas. nyc is just like any other city, i work there everyday in financial IT. To the OP, get an apt in jersey city by the PATH train, $1600 gets you a decent 1br, 1 path ride to world trade is about 15 mins - closer than going from uptown to downtown... If you...
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    Is this for real?

    what happen if it goes to 106 instead?
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    SP500 below 1300! 40pt drop!

    Wow 40 pt drop, below 1300 again, the march rate cut is critical in that it will tell us if the fed is losing control. If fed cuts 75pt as expected and the market doesnt respond, that means fed has lost one of its most powerful weapon to control the market. grab the popcorns!
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    TMA going under?

    there is no way, nada, zero chance, of fed raising rates at current market condition.
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    TMA going under?

    this may be the beginning of a new chapter....like when bear stern's fund first collapsed, now we are seeing mortgage co going into actual defaults. very dangerous times, daytrading with no overnight positions is probably the least risk right now
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    Selling OTM puts on ES

    If you decide to short esh8 again as hedge with a 10 point stop loss, you have to monitor very carefully as it gets closer to the fed meeting this month which is before the expiration. I think it's pretty certain fed will cut rate which could result in a rally taking out your stops again. I...
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    Naked put... eats like a mouse, sh!t like an elephant

    good adivse on money management, but it's pretty risky to naked short strike 32.5 when the stock is trading at 33.4 in general. Although in this case it's GE, so if shit hits the fan since you have such a small position vs account, could just let it get assigned.
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    Naked put... eats like a mouse, sh!t like an elephant

    The bottomline is you need to be good at predicting the stock movement (technical analysis, find the correct support/resistance etc..) before even thinking about option writing. Otherwise you will just lose more money quicker than buying stocks. I lost decent amount of cash when first...
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    24" Acer LCD?

    just from personal experience. I got a viewsonic 24" TN panel because of the positive reviews. But the picture just seems unclear with those shaky feeling (not sure how to describe it). When trying to use it for trading it always gave me a headache. This when compared to my old dell 20"...
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    options on futures for sp500

    is there any broker that has all the software included like IB or TOS that also provide good options on future info? I currently just use optionsxpress, it has quotes but not any other details.
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    options on futures for sp500

    Hi 1) what is a good software to view the options on sp500 futures? I cant find a good platform that has the greeks or real time streaming quotes. 2) What is currently the most liquid options month + futures month cominbation to trade options on futures? thank you
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    Shanghai expansion going insane

    - No doubt there will be a negative impact, but china now is not any way close to as dependent as when it first took off in the early 90s. A normal recession in the US for example, wont have as a big impact to china as you expect. - That sounds right in theory, but china's totalitarian govt...
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    Shanghai expansion going insane

    Heh they did that to real estate, then after it keeps doubling, they shifted policy again to ban foreign investments in real estate going forward unless you have perm residency or something ridculus...
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