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  1. FCXoptions

    Record # of short oil positions?

    How can you have a record number of shorts on a future? Wouldn't that also mean a record number of longs? Unless I guess they are excluding firms hedging and stuff of course then I guess that could make sense.
  2. FCXoptions

    The ACD Method

    Speaking of copper, I picked up some bonds on FCX. 6/2019 at 6.125% for 54.xx My first ever bond purchase lol:D Have any of you all been paying much attention to US Steel? I haven't fully read up on them, but saw they were having legal issues with their Canada counterpart. Their bonds are down...
  3. FCXoptions

    Distressed Debt Investing

    Ah sorry, by homework I meant figuring up what you could reasonably expect to get back in the event of a bankruptcy. But you are right on the stock value
  4. FCXoptions

    Distressed Debt Investing

    Yeah I think there is definitely some potential with it. It comes down to doing a lot of homework and figuring out whether or not they can survive without bankruptcy before the maturity date! :wtf:
  5. FCXoptions

    Why Is The Obvious Not So Obvious?

    Is that an order to close just above the high?
  6. FCXoptions

    Distressed Debt Investing

    True, with the stock I would say in a lot of situations you should be able to make more. But of course more risk with that as well, so I guess just depends. In the case of Noble (just for this example) it looks like the better play might be in the bonds though, based on the prices quoted in the...
  7. FCXoptions

    The ACD Method

    Do you still think Noble is beyond repair? After seeing today where they were buying up some of their debt on the market and have now sold off the agriculture business to COFCO, seems like that might be a decent sign of improving conditions. Although they didn't really buy that much of their...
  8. FCXoptions

    Distressed Debt Investing

    http://www.bloomberg.com/news/articles/2016-01-28/noble-group-buys-back-bonds-after-prices-hit-lows-on-downgrades I was just reading through this article on Noble and it brought me back to something I had thought about in the past, but to be honest hadn't thought about again until reading this...
  9. FCXoptions

    Cheap Dell refurbs (they sell out real fast)

    I just got mine in the mail yesterday, I bought a Latitude E6230 for a whopping $230 shipped thanks to this coupon @DarthSidious . I obviously haven't done much with it, but so far really impressed. I did the windows experience test and got a pretty good score on it. It has an SSD, 8gigs of ram...
  10. FCXoptions

    The ACD Method

    Everybody that thought the bottom was in on Friday must have changed their mind and dumped today.
  11. FCXoptions

    Why Is The Obvious Not So Obvious?

    its the phone app
  12. FCXoptions

    SP500 - High Probability predictions for 2016

    I'm wondering if we just bottomed or if this is just going to be a temporary pullback
  13. FCXoptions

    The Tao of Minimalistic Trading: $300 Daily Profit

    Anybody messed with ES calls this afternoon? Went long the 1900 call for next week, ES went up about 10pts, the call went up like 1pt. Was expecting more out of it than that. I got out for a half point profit.
  14. FCXoptions

    Gotta love ZERO RISK in the SP500 = $$$

    I dont really like buying near the top for the day, but I am looking at going long as well for a move back up to the 2000 area. Will probably wait for now and see if we get a pullback
  15. FCXoptions

    SP500 - High Probability predictions for 2016

    Talk about a big bounce off those lows
  16. FCXoptions

    IB Age Requirement

    I wanted to move to IB so I could do futures when I was 19. I had to wait until 21 also. Just use another broker then you can worry with IB later on.
  17. FCXoptions

    Why Trade When You Can Win $1.3 Billion Jackpot?

    Those numbers don't even match the possible #'s lol. I think the powerball number only goes up to 35. So currently your odds are 0 lol
  18. FCXoptions

    SP500 - High Probability predictions for 2016

    I closed out my ES call for a loss. As soon as we sold off and started to turn negative I figured it wouldn't be good so I got out. Smart thing would have been to flip and go the other way
  19. FCXoptions

    SP500 - High Probability predictions for 2016

    I'm long an ES call as of Friday and added an NQ call as well a little before the close. Now, hoping for 2,200 ES soon :D
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