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http://hsgac.senate.gov/_files/062507Report.pdf enjoy

IMO one of the best things you can read on NG trading is the congressional report that came out after the Amaranth debacle. seriously, i learned more about that market than anything i had read before. if i can dig it up, ill post a link.

i would agree, however they are slightly different underlying. i do like the etf's because they are on the penny pilot program. i'm not a big fan of the 5 cent wide markets.

I just Pm'ed him about ICE Brent. IMO definitely the place to go if you want to trade Brent.

There are a few ways to trade brent on nymex. i don't recognize that IC symbol you have. (the IC i know on nymex is a NG calenday spread option) http://www.nymex.com/cp_produc.aspx? you can go to that link to look at all of the products traded on nymex. theres quite a few ways to play...

you're first option trade and you threw down $40k on a hunch with no stop loss? I would say at this point you eat some crow and sell it here. at this point you have slightly better than a 50/50 chance of getting out of this thing with a 50% loss ($65 call is .55 delta currently). those odds seem...

LOL! I think its a combination of a vision and a horizon! Thats how out there this guy is. We simply cannot get him. He is on a higher verizon from us!

Listen. Your first problem is the fact that what youre asking is abosolutely rediculous. It sounds like you're saying that youre expecting somewhere between 70% and 100% on your money in a year. The best hedge funds and CTA's out there don't have those kinds of returns and with them you need...

I have never read the book suggested here, but Option Pricing and Volitility by Sheldon Natenberg is widely considered the source. It covers just about everything that someone who is not familiar with options needs to know. I constantly go back and re-read parts of it if I'm looking for an idea.

yeah, i was looking and there can be quite a bit af room between the two expiries. for march there's 11 days in between the march monthly and the Q1 (march) qtrly. i'm sure theres a way to arb them, and i'm also quite sure thats why they made them. there's so many big players in those things...

How do those work? why are they priced so much higher than the marches that expire just a few days before. there's gotta be an arb there no?

volitility was very high this year. extremely high at certain points. i guess i can buy it that you would get a great return if you had sold the high (i think vix was up around $40 at one point). but selling vol throughout the year would have burned you really bad. any nasty drawdowns? or were...

Never short Vol? what are you doing when you sell options? This is how banks and hedge funds make a killing from the rest of us.....that said it takes a boat load of money to make money selling vol and you have to be content to sit back and collect premiums and be smart enough to hedge. i...

isn't there an etf that tracks gold? apologies, i'm not that sure which one as i don't usually play metals. i will have a look though. only problem with the etf(s) is that the options tend to trade a little thin. my guess would be that you would definitely have to leg into each side of the...

Is this what you put in as your trade? Long 1 April 815 call SHort 1 April 800 put This is not a straddle.....A straddle would be buying (or selling) a put and a call at the same strike. This is considered a volitility play. Were you trying to trade a strangle? This...

I was actually thinking of switching from thinkorswim, or at least adding another broker (IB or Tradestation).... I have had issues with TOS's online version. They are rolling out alot of updates lately - which I think is great - but it sucks when they have an issue with their new version and...

Word is they are going to be busted. Heard there were some ICE trades that went a bit below close.....perhaps they thought they were getting a good deal on that panic sale! The CME trades are going to be busted.

I couldn't agree more!

oh, and as for the loss angle, the spin is to say how they "learned from their losses" so that they wont do it again. losses can be great for a trader - if they learn from them.

The failure of amaranth wasn't what you might think - if you really consider it a failure at all...... The failure on the part of Amaranth was the fact that they billed themselves as a large, multi-strategy fund, when really they were really just all NG speculation. there was really no...