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Hi bungrider, I had sleep apnea and went to sleep study. Long story short, got CPAP, liked it 1st weeks hated after since 50% of time, I took it off unconsciously middle of night. Bit the bullet-had UPPP which takes out tonsils, straightens turbinates, trims palate. It works well, have...

When will Echo's K1 come out? Any word on that? Thanks

Check out Spread books by Courtney Smith-good basics to medium level.

Trader's want beans at $12 or even $16 so they can short it. Look at sugar, 200k in open interest but only 10 tic ranges since no one wants to short sugar at 6.5 cents. Once it rallyes to 8-12 cents a lot more intraday moves since shorts are more interested-more push/pull action, more...

Here are some reasons why I think prop options are virtually non-existent... 1. risk-very few of the risk managers of prop know options let alone manage risk for several hundred traders. Could you imagine managing the net position 100-300 traders? 2. Revenue model-options are inherently...

Hi riskarb. When you mean skew drift do you mean the tendency of the skew to shift because of the movement in the underlying? Ex. A strike has 30IV , B strike has 28 and C has 29 with B being the ATM strike. If underlying rallies to C, B is now around 30 and C being the new ATM now...

Watch this bastard surrender with tail between his legs trying to save his hide while exhorting young people to blow themselves up.

Cutten it has been a while since I gamma scalped straddles. Been trading futures mostly. Traders I know use a variety of methods, equalize per hour, per day, per delta units i.e. if got long 3 contracts,hedge. The better ones let it run basis technical analysis. the real masters hedge long...

Straddles in Cocoa, coffee and OJ are cheap.don't know much about Chicago futures. Cotton straddles no matter how expensive seem to always pay for it. Look at CT`k blow thru a lot of strikes the past week! Thanks Cutten

Cutten, how do you get your orders filled -via a floor broker? I am just wondering how you benchmark your volatility to use for that day in determining spread values,et al. I know a trader who spreads options and he has a clerk who roams the pits in OJ,Sugar to ask the locals about straddle...

I log all my trade's using GTT tradelog which details the sales and buys, the way they are paired, the pnl for each trade . Is there anything else in the IB YE statement that I need to do my taxes? Thanks

go to sipc.org and you will see that hold is a member. no one in their right mind would put up all the trouble of starting a brokerage w/o being a member of sipc.

Other than the dow options , are there any other options on futures that are currently tradable for US retail traders? I looked at IB's site and under products, the interest rate options ZN,ZB,etc seem to have options listed. Are the spreads thin? Are they like the Eurex bund options where the...

Really depends on your personality. I've heard of traders in Chicago just starting out will less $ than most start in the MidAM where the leases are cheaper & contracts are smaller.Ditto for OJ in NY and KCBT in wheat. I defintely would'nt recommend the big contracts due to vol and equity...

the amount of your account exclulsive of any expenses you might incurr depends on the interplay of 2/3 things- 1st :the requirements set by the clearing firm who has to offer the exchange a "guarantee" on your behalf . 2nd. The contract(s) you want to trade. Case in point . If you want to...

Robert, you must be looking at stale quotes for a spread to be trading more than its worth at exp

Some clerks in the NY pits make in excess of 70K/year working 5 hour days so don't knock it. My opinion about floor vs. screen. If you can take the learning curve associated with screen trading you'd be better off. I just started pit trading in Cotton a week ago and had a scratch week so...

Great post mav. Makes a lot of sense. If only I know which kind of "trader" I am.... oh well the journey to self discovery continues.....

I think I have all the references and components installed. I probably could find it but will take me all day to figure out how to do a simple thing of cutting/pasting a formula in a cell using VBa and not the menus or the ctl C/V . thanks

I was wondering if any of the Excel/VBA experts can help me out. I am writing an Excel options valuation system and need to know how I can copy a function from 1 cell to another cell(s) . I know how to do it using the copy/paste in the menus. I need to do it programmatically so when I click a...