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  1. V

    EXAS April options mis-priced

    The home test and the lab test done when you have your normal checkup just looks for blood in your stool. It will usually only catch later stage cancers which have already high mortality rates. I am not long stock but short puts and long covered calls because I think the FDA is going to...
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    EXAS April options mis-priced

    Oops, the et software removed my formula. It is "US population over 50" times $300.
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    EXAS April options mis-priced

    Sorry, I think my original post was not very clear. The reason I think the market is wrong is because people, except for the MDs who are going to attend the various summer Medical conferences, do not understand the difference between FDA approval of a diagnostic test and approval of a new...
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    EXAS April options mis-priced

    Always good to hear from bots. Try adding the Fidelity quote page (attached) EXAS April 19 10 straddle put and call values and then eye ball the IV.
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    EXAS April options mis-priced

    EXAS that is a late stage biotech company developing a stool DNA diagnostic test for Colon cancer has interesting April options with very high IV (150 to 220). EXAS was up 0.50 cents to around 10 today, but April option premiums barely moved. The diagnostic test is an alternative to the...
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    atticus' single-name delta book

    I think my motivation might not be the same as other posters. For me, I am hoping to win a Noble Prize for showing that formalism is wrong. Obviously, some additional income from low risk option trading would be a positive. I think that trying to submit a bug report to IB about the 10...
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    atticus' single-name delta book

    This thread has been helpful, and I now have some experience with different one and two week out butterflys. I have been holding usually to either the expiration data or the day before and run into no spread quote from IB. It seems to me I should just always trade iron butterflys because...
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    atticus' single-name delta book

    I am not making any money (maybe a tiny amount) on my butterfly spreads because the market seems to have bipolar disorder. Up when the news should send it down. Down when news should send it up. I would have had a great week if I had held my flys. I closed my Mar 28 SPX iron butterfly...
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    Want to always win? Think like a Computer!

    I think a better approach is to think exactly the opposite of computers. There is a Danish Computer Scientist Peter Naur who argues that computer thinking is just mass brain washing. All non computational forms of thinking are surpressed. Some references are Naur's Turing Award...
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    atticus' single-name delta book

    My long CRM Feb. 15 160/170/180 put butterfly worked in spite of CRM as usual refusing to go down even though the market is somewhat down. I think CRM is great for butterflies because in my view it is basically a collared ponzi scheme (income becomes share dilution). I tried to close the...
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    The Greatest Rags To Riches Story Of All Time

    How about maybe the more relevant now riches to rags story of Nikola Tesla. Invented the age of electric power but had his inventions stolen and driven into bankruptcy by Thomas Edison. His later fame was even stolen because the government classified his papers.
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    WTF "SEC approves plan to curb volatility in stocks"

    The SEC has out done itself with this idea because HFTs now can be first at manipulating prices with their front of the queue orders near the bands. Our US Kleptocracy working at it best. A 5% band per year around changes in political lobbying spending or a 5% change limit on former SEC...
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    Arbitration vs broker: if a mediator should be selected on the panel...

    You just joined, but I will relate my experience in case other ET members need to deal with arbitration. My experience is with American Aribitration Association on a software contract dispute that I won a large award from. I think my experience applies to your case as well. Look at...
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    started buying LNKD

    Are you an LNKD insider? There are so many insiders who are dumping stock that LNKD has to be a great short. Although, I did give up a lot of profit today in spite of selling a fair amount of covered short puts. I bet 40 in 30 days even in an up market. Maybe you are stupid enough to buy...
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    Which is better? Long Straddle or Long Strangle?

    Cottle thinks that a nearest surrounding price straddle has the same behavior as 0.67394 (appoximately:) ) strangle.
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    AI has arrived, at least publicly

    Among philosophers of Computer Science AI is seen as a dogmatic religion. The skepticism is coming to a head because 2012 is the 100th anniversayr of Turing's birth so there are numerous conferences mostly in the UK. The logic underneath AI such as Zermelo Fraenkel Set Theory and Von...
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    Daytrading Outsourced to China

    Obviously I am not a trader, but this has to be money laundering, doesn't it? Sorry, but I am having trouble interpreting John LeCarre's (aka David Cornwall) "Our Kind of Traitor" as fact or fiction.
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    Profiting from Wikileaks State Dept. contractor firings

    The new US State Department Wikileaks documents are most amazing. I think there might be a trading opportunity. It seems to me that the US Government is going to need to immediately fire all of Bush's (maybe earlier) contractors with top secret clearance since I think the most obvious...
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    IB - hedging for f/x gain loss

    My IB base currency is USD, but I wire money to my HSBC UK account in pounds. Cost is 7 pounds per wire. When money is wired out an automatic loan is created, i.e. IB lends me pounds, but seemingly buying pounds using Ideal and the virtual short currency from the automatic loan are kept...
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    HPQ Halted, Why?

    I think Hurd's departure is more of a reaction to the problems the Palo Alto/Stanford land establishment is facing. I need to disclose that I am a Stanford undergraduate alumnus currently in the out group. The Wikileak document disclosure makes it more likely that former Stanford Chancellor...
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