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You can look into an executive MBA program. My Brother in law did one at Columbia University. I know NYU has one too. You go to school all day Friday and every other Saturday. This would enable you to continue to work, just lighter hours. I assume they have that in Canada too. As to your focus...

A lot of volume is crossed by larger brokers. The most active list is not always going to show you which options have tight spreads with decent size on either side but it's a good place to start . When I left the trading floor back in 2010 as much as 70% of all volume in any one day could've...

Yes, the SPX, as it approached expiration will match the SPX cash, as that is the settlement value and there is no longer any cost of carry or dividends. You don't really have to understand futures. You only need to calculate a daily interest/dividend cost to see how how much to adjust the cash...

The S&P Index as represented by the 500/501 stocks that are the index. You can buy the basket yourself, or buy it in a few ways. SPX is 100X the cash index, SPY is 10X the index and ES is 50X the index. Since they can all be hedged with any of the other products, including a basket of stocks...

Interesting. Sorry to hear that.

In the past, every other person I know that failed using STC, used old material then they change the exam. If you're sharing material with other people you need to make sure it's not dated as they change the exam from time to time.

QQQ, IWM, INTC, MSFT

I would not use the word stale for in the money options in SPX, as they do update. I would however say that you can't get meaning from the midpoint.

Blue, I'm not sure where you get that from. If I'm wrong, I'd like to know more. SPX closed at 2,049.58 Friday and the September ES contract settled at 2029.25. The difference is 20.33 points. SPX and ES option mirror each other. I think we can agree that any trading in ES will hedge with the...

One more observation and then I'm done. Sep VZ future is around 20.70. The same 2050 puts and calls have almost the same mid point on the ES options vs the SPX options on TOS and TOS says those Ivols are 22.13 for the call and 18.46 for the put. None of this makes sense since you can trade the...

OK, I pulled up my TOS, which will never use proper interest and dividend flows. SPX closed today at 2049.58. The Sep call and put market are wide but the Implied vol on TOS for the 2050 call is 13.51 and the put is 17.89. The reason those are that way is because they are using the wrong...

Ha. I thought it was just another acronym I never heard of.

June SPX options are hedged with the June ES future. Sep SPX options are hedged with the Sep ES future. If you look at the difference between each futures month, you will find the implied interest and dividend flows for that time period. For options in between futures, you have to adjust for the...

Diva?

What is your conclusion based on your graphs? Are you saying that there is no put call parity or something else? I'm still not sure what specifically you are seeing is wrong and what would make it more correct? BTW, when you plug in the values, what are you using for the underlying price, the...

My question too. What is odd?

Why don't you try modeling 6 months instead and use the Greeks for those options. You will only make money if during that time period, the SPX is more volatile than the price you paid and VOl does not decrease.

Not talking about president. We have a republican run Congress. If the Democrats make that more even or take control of the house or senate then that would cause more uncertainty than any president. You can blame any president for bad leadership, but there's not much he/she can do without...

I believe congress has more influence over market conditions through taxes, regulations and budgets. Uncertainty is certainly bad for the markets and if democrats close the gap in other elections, you will have more uncertainty.

Interesting?? Not sure where you get those numbers. I do like the $1mm in commissions.