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  1. M

    Account Destruction.

    The difference is positive Vega vs negative Vega. They are almost identical in terms of Delta but NOT Vega.
  2. M

    Account Destruction.

    Funny I never saw a call telling him to sell. So as far as I am concerned based on the advice being given he would still be in. Second while yesterday would have seen a 10% in the underlying the volatility actually dropped a little bit eroding some of that gain. Considering the advice claimed...
  3. M

    Account Destruction.

    How is that trade today? Price ran up and Volatility dropped. A double whammy if you had bought a put. Now tomorrow, after the first 30-60 minutes, if the price is trading a little bit closer to the 20 EMA but not above, then I would look at making a credit play of some sort to the downside.
  4. M

    The problem with trying to legislate a free market

    Let's see: the more regulations we add the worse things gets. The US was the strongest when we made everything and sold it to other countries. Now with government driving manufacturing overseas we are the buyers not the sellers. Sorry i don't see that I have it backwards. The only way out of...
  5. M

    The problem with trying to legislate a free market

    I don't have to. The law did not mandate that they do so, and no one gives away free money. The only way that price would come down is if the retailers thought they could use that to increase demand. The reality is with the debit transaction cost, the price of the various items were probably...
  6. M

    The problem with trying to legislate a free market

    The problem is retailers did not change their prices after Dodd-Frank! This means EVERYONE is still paying for the old transaction costs AND debit card users are now paying even more. You think THAT is fair?
  7. M

    The problem with trying to legislate a free market

    They probably are desperate for money. First they have a major income stream cut in half by Dodd-Frank then the US government filed a lawsuit against them and 16 other banks over the whole toxic mortgage fiasco which was pushed on them by Bill Clinton. Oddly left out of the suit are Fannie and...
  8. M

    The problem with trying to legislate a free market

    As I already said the consumer is the one ALWAYS paying the price. OLD WAY: Banks charged retailers 44 cents per debit card transaction. Retailers did NOT absorb this cost they passed it on to consumers. Although that 44 cents averaged into many different products probably made the cost...
  9. M

    The problem with trying to legislate a free market

    China is violating free trade practices with currency manipulation. There is a bill in Congress now to try and address that (although not the way I would do it). The Fed is part of the problem not part of the solution. The best thing Government can do to help business is get out of the way. I...
  10. M

    The problem with trying to legislate a free market

    That is not the point. The point is the government steps in and forces banks to cut a source of revenue in half, the banks just raise prices somewhere else to compensate. If they would have raised taxes on the banks instead, then the banks would have just raised fees somewhere else to compensate...
  11. M

    The problem with trying to legislate a free market

    http://www.investors.com/NewsAndAnalysis/Article/586614/201109301851/Thank-Dodd-Frank-For-That-Fee.htm
  12. M

    Do Tax Holidays help create jobs?

    Don't forget about: 3. We're not hiring anybody until Dodd-Frank is repealed
  13. M

    Account Destruction.

    Oh I agree, the commissions can start adding up fast and you do really need to know what you are doing to work this in a volatile, whipsaw market. I am not really a scalper though. I tend to make the directional trades as I have mentioned in the other posts of this thread.
  14. M

    Do Tax Holidays help create jobs?

    NO! What part of supply/demand do these idiots not get? Even if you gave every company $1Trillion dollars free cash, they would not hire anyone unless they needed someone to do a job. The only way to create the demand for a job, is to increase demand for the products and/or services that company...
  15. M

    Marriage, just don't

    That actually varies by State and some States do not recognize "Common Law" marriage at all.
  16. M

    Account Destruction.

    The only time you want delta to be neutral is when making non-directional plays. Straddles, Strangles, etc. If you want to keep delta neutral then it is usually easier to buy/sell the underlying to modify your Delta, since you can buy/sell that in units of 1 instead of 100. Do a quick search on...
  17. M

    Account Destruction.

    One final tidbit of info before I drop off for the night. There are 4 basic spreads. Bull Call Spread (debit), Bear Call Spread (credit), Bull Put Spread (credit), and Bear Put Spread (debit). If you compare a Bull Call Spread and a Bull Put Spread on a risk analysis graph they will look...
  18. M

    Account Destruction.

    SoCo goes great in Egg Nog.
  19. M

    Account Destruction.

    Size should be determined the same no matter what the trade is. You should first predetermine what % of your account you are willing to risk per trade (usually 1%-2% of total account size). Then determine the entry and exit points for your trade to determine risk/reward ratio, you should go for...
  20. M

    Account Destruction.

    LOL always confirm your order before pressing send. I used to have the confirm option off, until one day I was short some equity (I forget now what it was) and wanted out quickly, so I reached up and clicked a button thinking I was closing my position. I sat back thinking whew dodged a bullet...
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