Search results

Not really .. economies of scale for one thing. The professional environment is a lot different too. You could hook on at a chop shop who will work a deal with you for backing and a % with a nice record but you wont get any looks as a fund manager. There is nothing wrong with getting a good...

www.susq.com One of the biggest options firms around has a poker tourney each year and the winner is offered a position with the firm. Back Gammon also has a lot of cross over with options trading.

No one is going to hire you based on a track record of retail trading

That OI in the 1525 line is not really that great. Had you been looking at the 1525 line for the last 6 months you'd have seen in that particular line the OI has been that substantial each expiration.

LOL the "PR News wire" is a pay service where you can make your own "news" stories and have them posted on that phony "news wire" in an attempt to make them appear as real news. Great they set up a MLM where they try to get suckers to trade.

11:35 am GOOG 626.60 600 put 6.40-6.60 650 7.60-.80 Dont rush to that dealer for the used Yugo just yet

xflat2186 ...Dont trade GOOG earnings unless you're well capitalized and have a plan that includes the use of trading the underlying whether to rehedge your negative gamma from selling the juice or trying to lock in some profits from being long the juice. Good luck

I dont know about what software people use for Std Dev. When I first learned it the software was a piece of paper, a pencil and a hand calculator. It does not hurt to know how to do it yourself before you go blindly into software

Dispersion trading is basically trading the implied volatility on options of the individual stocks which make up an index or ETF vs. the implied volatility of options on that index or ETF itself. Its not a retail trading strategy. If you run dispersion books on several sectors you then can...

Sorry TYPO that last line of.. "The other issue is that you simply can know what the initiator of the trade is really doing vs. the options." should read CANT not can

Buys vs Sells in the retail clients? As an institution some of that info is out there because most of the big order flow gets shopped around. In all cases as orders go to market whether it be electronically or open out cry they're marked customer or firm and opening or closing. So that info...

IV great answer I love that one! Like a roulette wheel. The brave new world, its a classic Thanks for the great post!

The ATM straddle is a crap shoot in GOOG for earnings. Last earnings it would have been a huge winner. The several quarters prior it was a loser. Obviously volatility is pumped heading into the number. If you're long the straddle you have a much better chance if you're actively trading the gamma...

I agree 2100 OI is not large at all. You're looking for explosive options? Well they all have the potential to be explosive it depends on the underlying. Buying of puts or calls simply to leverage your directional speculation in a particular issue over a finite time frame is very very...

He claims to be a financial analyst, the regulatory issues alone are enough to choke a cow, he's blowing smoke

What do you expect to learn from increased volume? If stock XYZ averages 10,000 contracts a day and is at a price of 55. Then you get a screener that tells you 18,000 options traded and 10,000 were the 60 day 40 strike puts what do you believe you should do with that info?

crgarcia you also wrote: "Purchasing slightly out of the money calls, reduces vega (changes in volatility). In the past traded options with 180 days left, but they were more prone to volatility changes (and had smaller volumes)." Again the vega curve for options is roughly bell shaped...

Crgarcia, On theta you post this : “I reduce time decay, of course don't eliminate it completely (so its just a partial "hedge").” I don’t see where there is any hedge at all? You originally posted that you buy calls. That’s a net long theta position not a hedge to anything in...

Its the internet every market is always profitable to every person who wants to claim they made a fortune trading anything from baseball cards to popcorn futures in "boring markets"

I have to agree here but its not just the US markets. Most of the trading on slow days is part of arbs around the globe. You're right in that up to 70% of the NYSE volume on a boring day is program trading. The same thing goes on in the options markets where the huge majority of trades are...