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  1. O

    Thoughts about my VIX trade

    Well gentleman, I think that says it all. You can't help someone who won’t be helped. It's like watching just the first half a Wall Street, or only reading about Vic before he blows out. For anyone else thinking about trades such as this, I give you the Vix quotes from 1987: 10/1/1987...
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    6:1 margin for overnight stock positions at InteractiveBrokers

    Sky, No retail broker can give you relief by being short one stock and long another (assuming we are not talking about etfs or convertibles). What you are referring to is a historical relationship that theoretically will keep you hedged, and in most cases it probably will, but in the world of...
  3. O

    Thoughts about my VIX trade

    Um, no. Let me say that again, No. Never go long future months and short current month and think your are hedged. Each month in the VIX is a different futures contract and can act far differently than you would ever expect. Jan could double while May increases only marginally. If you don't...
  4. O

    Thoughts about my VIX trade

    Naked short VIX calls can be considered equivalent in risk terms to naked short index puts. If there is a major shock to the market, a terrorist attack is the simplest example, the VIX will explode. I know this is only a 10 lot naked which is small, but it is the idea of the trade that is...
  5. O

    $LIBOR and sub prime connected , how ?

    It is not just sub-prime, many adjustable rate mortgages use Libor as the index to set the interest rate. http://www.cnbc.com/id/20603568
  6. O

    ES Journal Archive (2006 - 2008)

    12-21 "I think a lot of trading careers ended this past week." 12-12 "I think a lot of trading careers ended the past 24 hours.Some traders never to return." 12-11 "I think a lot of trading careers ended permanently since 2:15PM" 10-31 "Many trading careers ended." Enough already. I in no...
  7. O

    6:1 margin for overnight stock positions at InteractiveBrokers

    There you go, was that so hard? You are actually posting information, I am proud of you. As I have stated several times now, minimum PM is not enough to protect a retail firm, especially when you are talking about something like out of the money naked options. What people here want you to...
  8. O

    6:1 margin for overnight stock positions at InteractiveBrokers

    You refuse to answer my questions, refuse to give specifics or reference data to information, and refuse to back up any of your statements. As far as I can see you are worthless. I know what PM is and I know what the RBH is, I have forgotten more about the TIMS system than you will ever know...
  9. O

    6:1 margin for overnight stock positions at InteractiveBrokers

    IDS, I am not sure why you want to go out of your way to start a fight. How old are you exactly, how many years have you been a risk manager, how many hours have you spent working with managers at the OCC about their RBH file and how Haircut (PM) is calculated? Feel free to regale me with your...
  10. O

    6:1 margin for overnight stock positions at InteractiveBrokers

    I don't want to turn this into a firm vs. firm issue. I want people to understand that they should not be asking about PM, they should be asking how to interpret/use the specific margin requirements of their broker. For what it's worth, you guys are the farthest away from it from what I have...
  11. O

    6:1 margin for overnight stock positions at InteractiveBrokers

    Why does no one seem to know anything about PM? It is simple for stocks. First it is not "approximately" or "about" anything. It requires margin to cover a 15% move, so 100 divided by 15 gives you 6.666_ to 1 leverage. Going short and long has nothing do with it and is not considered hedged...
  12. O

    Think of Swim for FUTURES?

    To clarify a little. TOS futures quotes are filtered, this is not my opinion, it is simply fact. This means they are some fraction of a second behind. Many consider that irrelevant, others think it is important. The TOS charts on 1 minute will take up to 15 seconds to update when there is a...
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    ES Journal Archive (2006 - 2008)

    Future announcement: In an effort to create synergistic efficiencies the new Federal Reserve credit cards will be made of recycled dollar bills (since they are no longer worth printing) and will earn you miles on Dubai and China airlines in order to promote further dilution of the American...
  14. O

    Think of Swim for FUTURES?

    Algorithm, I have not used them to trade FX, but I do use their Prophet charts to watch the FX prices and it works for me. Every trader is different so I would suggest you download their software and use it for free on the trial period. Icarus5, You need to view them as an option firm (of...
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    ES Journal Archive (2006 - 2008)

    The Fed also announced it plans TAF auctions on a biweekly basis "for as long as necessary to address elevated pressures in short-term funding markets." More and more government intervention as predicted. Anyone know what a free market would look like?
  16. O

    Think of Swim for FUTURES?

    I believe I am one of their most active ES traders. What do you want to know? There is no time and sales, no DOM, the ES quotes are filtered so they are a little slow but they do hold up when it gets busy. There are no tick charts but the other charts take about 15 seconds to update when a...
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    ES Journal Archive (2006 - 2008)

    How many buy stops are placed just above 1475?
  18. O

    ES Journal Archive (2006 - 2008)

    I did but I could not trade. Don't bother trying to trade futures with Think or Swim. It is a joke.
  19. O

    ES Journal Archive (2006 - 2008)

    Anyone else having trouble trading on Globex, or is it just ThinkorSwim's antiquated futures trading being down again? Edit: Guess it was just them, but it is back up now.
  20. O

    ES Journal Archive (2006 - 2008)

    news: MBI and ABK again, just like last time
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