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    Nat Spreads

    UNG roll dates, supposedly: http://www.unitedstatesnaturalgasfund.com/ung_rolldates.html
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    Nat Spreads

    About UNG and the roll: http://ftalphaville.ft.com/blog/2009/06/18/57926/cramer-doesnt-get-the-ung/ How do you find out when UNG will roll? Or USO and the others, for that matter? -Q/+Z: Almost jumped in (papertraded instead since I'm a coward) at -215 as liquidity's not awful during...
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    Does anyone trade crude futures long term?

    A trade in crude by a high-frequency quant fund might last literally less than one second. So anything between .05 seconds and 5 years will work... No reason a swing trade won't also. If you're brand new to commodities then I humbly suggest you start with the mini contracts. Maybe the mini...
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    Nat Spreads

    Sorry, I mangled that link. Here it is: http://www.edhec-risk.com/multistyle_multiclass/amaranth/index_html/attachments/EDHEC_Comments_on_Amaranth_Case.pdf
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    Nat Spreads

    I see that now, a $1,000 expanse of bone-dry bid-and-offerlessness on either side of the last. No wonder Amaranth couldn't get out of their trade... this ain't eurodollars... Too bad; I like the trade. Q/U or U/V are tight but I don't understand them... so much to learn. About crude:nat...
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    Nat Spreads

    Nat gas newbie here. The chart calls me --> Short AUG Long DEC. -Q/+Z. My fears: -The CL/NG spread pulling up NGQ9 (though as someone noted if you can convert from a distillate to nat gas you've probably already done it). -El Nino effect lessening chance of hurricanes and...
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    Brokers are scum.

    It's not that nothing in this world matters, it's that judging people's human value according to their net worth is damn tacky. Shows that money can buy planes, but it isn't too good at buying class.
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    Brokers are scum.

    Btw all this shit about planes and bigness and so on is so fu**ing petty -- don't you guys know we're all deadmen anyway? What have you missed? Merrill LYNCH is the pride of a puny existence, as all our existences are puny. What are you missing, the death part? Really you should focus on...
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    Brokers are scum.

    <blockquote> From a practical standpoint, this bothers me greatly. I have yet to sit down with a 'financial advisor' who can have an intelligent discussion about an option with 24 hours until expiration. What's my delta? Gamma? Theta? What can I do if I am long the option? Perhaps a set of...
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    Brokers are scum.

    That's about what I'm thinking, yes. A financial advisor tries to fit the client's unique needs. Because of this I think they might often do well to focus on good asset allocation rather than trading. The money manager or trader will try to make profits but just as much I think to control...
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    Brokers are scum.

    There certainly are a lot of advisors who deserve their earnings, for example many commodity trading advisors. I think there are two main incentives that can make a good advisor/trader of OPM. First, profit sharing. Second, the advisor should put their money where their mouth is and trade their...
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    Brokers are scum.

    You guys might consider writing letters to the NFA requesting that brokers who make recommendations to clients be compensated by profit sharing rather than or at least in addition to straight commissions. At the worst New Market Lizard chop shops, the first problem is that most brokers are...
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    CME e-micro futures

    Why can't the exchanges allow _fractional_ trading of contracts instead of introducing separate mini or micro contracts that can't benefit from larger pools of liquidity? Fractional contracts--for example you could by and sell 1/10th of a 6E contract, though commissions would have to be...
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    CME e-micro futures

    looks like about a thousand contracts / day in the majors. still low but growing. to compare, the majors traded about 150K in the regular contracts on the same day. but these are already getting deeper than the e-mini fx contracts -- a good sign.
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    CME Renminbi futures

    But why would it crash? Of course I agree there's risk in the CNY, but it seems like a banking collapse in China would bring it on. Another scenario could potentially be a dive in US household consumption leading to a hard landing for the US economy which then spreads to US...
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    CME Renminbi futures

    I'll also trade once there's liquidity -- great carry trade currency? Anyone know where to trade the spot?
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    Sugar 11

    Thanks for the links. You can find decent futures charts and options quotes at Futuresource. http://www.futuresource.com/ Also might check out crbtrader.com and barchart.com.
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    Sugar 11

    Check the fundamentals, not just the charts. DEmand for sugar is rising at breakneck speed in China, India, Vietnam, Pakistan and now, because of ethanol, the USA. US demand also said to be up as Atkins diet fad fades out. Poor crops in Vietnam, Australia, UK. EU subsidies stopped...
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    New Sugar High

    Sugar ready to break -- SB s contract name. Anyone interested in this market?
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    Sugar 11

    Edward your point about market timing is understood but you're wrong about comparing stock indices with commodity prices; the two are very different. Long term charts of commodities tend to show stagnant prices especially when adjusted for inflation/monetary expansion. Grains, for example...
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