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    What's is the best way to hedge Wyeth/Pfizer deal with options?

    Aside from Bonds which may be a good point, but I for one can't trade bonds, and yes PFE did a highly dilutive deal probably out of desperation. But yes NRAVO, you only give up a small portion of deal spread thru DITM. You can also limit your risk this way. Only downside is amount of capital...
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    What's is the best way to hedge Wyeth/Pfizer deal with options?

    Nravo, you asked two separate questions: To answer the 2nd Q: it doesn't do anything for you to do a buy/write on WYE and Short/write on PFE. Taking in a minimal amt of premium on WYE is all you do on the one side, and similarly hedged on PFE. To answer the 1st Q: Options on event driven...
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    RBC Prop Trading Group

    You are not talking about first hand experience with RBC obviously. You would not be long $10mm overnight unless you were there for an extremely long time and had millions in your account. If you were down $100k in your account, you would not be trading there still. Good shop, tightly run, just...
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    Will CDS spreads tumble in February?

    Right PohPoh, but so was the article I mentioned. It was chock full of quotes like the article posted that started this thread. This is what journalists do. What's her point though, On Friday she 'quotes' people saying that the sky is falling, and on Tues everything is fine and buy Corporates...
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    Will CDS spreads tumble in February?

    This same journalist's (Stacy-Marie Ishmael) previous article from 4 days previous in the FT was so much the opposite, I wonder if she reads her own articles before going to print? I remember reading her doom and gloom article the other day. Remember, she is a Brit, their humour is sometimes...
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    How did 2008's Barron's roundtable do?

    One thing that 2008 taught us is that even the 'smartest' people, don't know $hit!
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    GLOBEX Procedure Change - Overnight Trading

    Good rule change for traders. If futures are limit down at 9:25am EST, then they stop trading and go into an 'auction' phase much like in European equities. For 5 minutes everyone puts in their orders for full disclosure (price discovery) and at 9:30am there is a print at a price and the big...
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    Dirty little secret no one is talking about...

    I think we can print $ increasing M-1 money supply as long as the dollar is steady against major currencies (they are in as bad or worse shape than us) and prices remain stable. This is not the answer though. In times of war gov'ts invest or go into debt/deficit's to finance the effort. Today we...
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    Looking for good remote prop trading firm

    Thanks Proptrader, have had a couple guys PM me with marginally better deals but at this point they are all pretty close. I may be able to needle down .004 but don't know if its worth switching places to do it. Even looking at your deal: if I trade 2mm and make $32k on month, under my deal I...
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    who can tell me?

    Joy, You quit a boring job to sell 'nets'? If you picked up english from Chinese in 18 months and speak this well (ended up on totally wrong site) but still sounds like you're a smart guy. You should google or 'bidu' there: Daytrading. Lots of guys on here have people trading in China. Maybe...
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    who can tell me?

    So Joy, you want to go public already? This is traders forum. What kind of nets? Fishing nets? I usually go to the bait store because I fear horseshoe crabs. They freak me out.
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    Looking for good remote prop trading firm

    I may be the brutish villain here because I have the NASD 3,7,24,55 and 63 from my 'training' days screaming gibberish at other traders, and I am an avid technician (TA), but if someone would be so kind to tell me if I have OK deal because I just assumed they don't get much tighter, but I didn't...
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    Is this a good deal?

    Sorry hit submit once? Posted twice. Thought about it, you have to be paying ECN charges. Most of us pay them above .005 anyway, but I would think the $200 for platform with your size is fairly inconsequential to answer that question, no? I don't know if I would push at month end to get to 4mil...
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    Is this a good deal?

    I think .00075 makes no sense and is a great deal for you if that is right. Since you trade in that size I don't understand why they would offer you this. 4mil @ that rate is $3000 commish/mo. As opposed to $20k at .005 You would have to make $170k/mo for them to get to that $20k. I trade with...
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    Is this a good deal?

    I think .00075 makes no sense and is a great deal for you if that is right. Since you trade in that size I don't understand why they would offer you this. 4mil @ that rate is $3000 commish/mo. As opposed to $20k at .005 You would have to make $170k/mo for them to get to that $20k. I trade with...
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    5% - 10% profit per day trading

    Anyone know the hours for ARCA tonight? It said 4pm EST but still trading at 4.50pm?
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    Mark Cuban pushes for 20 cents per share tax on every roundtrip.

    There is a law in this country against 'double taxation'. It has been argued for years that dividends should not be taxed because these funds have already been taxed at the corporate level. Therefore the 'owners' of the company (the shareholders) should not be taxed. Bush among others favors...
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    To make a living you need at least 300k in your account?

    I don't need to see Lescor's #'s, mine are simliar. With 50 (as much as 75) to 1 leverage u don't need to put down a lot. They have to keep it for 1 year anyway according to some day trader/SEC rules or something. Lost the 1st $10k put dn $15k more and have made fortune off it. Leverage can be...
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    Credit Default Swaps (CDS) wtf?

    I traded debt among other things for a big bank and we followed the CDS market in our bonds. Up until a couple years ago, they were like taking the insurance when the dealer has an ace. Why have your money out there if u are not going to bet. Problem was u could buy/sell distressed debt at huge...
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    Hearing Chicago MERC trader commited suicide after blowing out

    Wow, Nitro u still on this site. Used to chat with u long while ago. Ur right, but Brooke Shields did just fine. U will probably remember '87 guys that never made it home from work on the Chicago floors. Especially the guys that made a living 'selling teenies' . Selling deep out of the money...
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