Search results

Taleb's work is outstanding, and in addition, West of Wall Street by Barry Haigh, for getting a feel for the thought process on the floor. Gary Smith's books, Live the Dream, and How I Trade. The Human Stain, for non-trading fiction, by Phillip Roth. Anything written by Stephen Hunter...

You DID blow it! You could've retired, but now one of those young guys with no money trying to get a job at a prop firm is going to swoop down and cash in on this. Well, maybe there's another 10 million they can hook you up with LOL!

Hi Red, Just my opinion here, but I used to wonder how people could react as they so often do - with a complete lack or reason, an active avoidance of the efort required to think, and beliefs that simply defy observed reality (i.e. religion). I finally came to the conclusion that it's...

Well said, Trader Nik and BT - nothing to add there! This is the age old antagonism between Stone-Age religious "values," and scientific understanding and progress.

Thank you, Mo! A great explaination, and chance to learn! Thank you, too, to everyone else who was kind enough to help with a response!

Thanks, guys! I didn't think there'd be a difference either, but in an example I saw: QQQQ was trading at 37.30 The 36 call is trading 1.70 THe 39 put is trading 1.90 The example said if you bought 10 of the strangles, the maximum you' d lose is only $600, NOT the $3600 you paid...

I've been playing with the free Position Simulator for stocks from the OIC. Unfortunately, there seems to be no capacity on this program for simulating and graphing positions in the indices like QQQQ. After searching the internet a bit under "free option position simulator," I've not found...

As a very general observation, I'd point to people confusing their perception or model of the world with the actual world. This is the sort of confusion demonstrated in many finance (CAPM, for example) models that don't "model" any relationship that actually exists. We also see it in...

You might try joining and posting your trades on RiskDoctor. com. The site has Charles Cottle on it, and does quite a bit of "trade dissection" for purposes of learning. I'm assumming here that you're doing options trades.

Nice reminder of the basics (and not so basic) - thanks for the post!

Thanks Mo and Rich! Mo, I wasn't suggesting that there's a best approach, but rather inerested in various views on this - and I hope I won't need flame-retardant gear LOL! Thanks to you both for your thoughts!

Just wondering if people analyze the underlying to make decisions or just the options? When I traded futures awhile back, we'd look at order flow, resting orders, who was bidding/offering (locals vs commercials), whether the front month on the calendar spread was net bid or offered, try to...

I find this Forum, and the people on to be WAY beyond the level of discussion presented on most of the other fora. Now, I'm still new to options and learning, but these discussions usually get me heading for the books to look things up, and I have to read like mad to understand the...

Glad to see this post "resurrected," and thanks to all for the contributions!

Thanks, MTE! So, since higher volatility, in general, contributes to higher option prices, then the option price decreases as volatility decreases, right? I'm thinking that the more the options are ITM, the greater the effect, and vice versa? Thanks again!

Ok, I'm admitting my total ignorance here. I came across this thread, and am looking for an explaination of "IV Dump." My uninformed guess is that it is the sudden collapse of implied volatility. Is this based on a sudden decrease in the volatiity of the underlying? This would drop...

Steve, I WAS kidding - I just love people who think they can predict the future LOL! Hope you've been well - we haven't talked for awhile! Best wishes, T

Today: HANS -.82% TIE -1.18% GOOG +.41% AAPL -2.16% CHAP +.87 Yet the NASDAQ, as a whole, was up (barely)! You're right - this IS easy!

Today: HANS -.82% TIE -1.18% GOOG +.41% AAPL -2.16% CHAP +.87 Yet the NASDAQ, as a whole was up! You're right - this IS easy!

Anyone know if Adam Wasserman is still associated with Assent? Had a long chat with him on the phone about 15 months back, and thought he was very helpful, not at all pushy or hard-sell. I know he used to be with WorldCo a while back.