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  1. J

    why is it called the VIX

    As it has already been said the VIX is an implied volatility index based on SPX options, but you are free to calculate the historical volatility of the SPX. Ivolatility.com gives both implied and historical volatilities. For the SPX the implied volatility has recently dropped from over 30 to...
  2. J

    Tax Consequences of owning an Exchange Seat/Membership?

    That CBOT link doesn't go to the proper page. After clicking the link http://www.cmegroup.com/company/membership/membership-pricing-cbot.html you have to select "CBOT Lease Prices" to see the last 3 seat sales for each CBOT seat type.
  3. J

    Tax Consequences of owning an Exchange Seat/Membership?

    Current seat information for the CME is at http://www.cmegroup.com/company/membership/membership-pricing.html History of last 3 seat sales for the CBOT is at http://www.cmegroup.com/company/membership/membership-pricing-cbot.html I am not aware of any lists of historical CME or CBOT seat...
  4. J

    The tax debate we need to have

    Wrong. The Social Security Tax is a flat rate from zero income to an income cap ($102,000 for 2008). There is no tax over the income cap and income over the cap is not used to calculate benefits. Flat rate in and highly progressive coming out makes the overall result as a tax highly progressive...
  5. J

    IB Frequent disconnections today

    Get QuoteTracker. It is free and much, much better than IB's charts.
  6. J

    The tax debate we need to have

    The Social Security Tax is not regressive because Social Security benefits are highly progressive. Social Security is set up to be the best deal for low income people and the worst deal for high income people. The highly nonlinear Social Security benefits relative to taxes paid make it a...
  7. J

    ZN - Globex or eCBOT?

    ZN trades on Globex, but is on the CBOT data feed. The CME Group still has separate charges for CME and CBOT data feeds. Where the contract trades (Globex) is separate from the data feed you are charged for (CBOT).
  8. J

    YM Overnight Margin Question

    Maintenance margin only comes into play after you have put up the full overnight initial margin for your position. To start with maintenance margin leaves zero room for the position to go against you.
  9. J

    IB TWS is the most confusing trading platform I have seen

    If they are old traders from the late 1990s thay must be consistently making money. If you are consistently making money, why would you want to change anything? IB works best for people that know what they are doing.
  10. J

    Volume on the Close

    There is heavy volume every day on the ES from 15:59 to 16:01 as traders have the switch from daytrading to overnight margin and from traders that exit when the cash market closes.
  11. J

    Recommended Broker for eMini S&P 500 Futures

    www.5perside.com has a rather wierd stipulation about real time data: "Real-Time Quotes** Customizable Charts with Studies** ** limited to the first 200 per month FREE" Doesn't say what they charge after you get your free 200 quotes.
  12. J

    YM Overnight Margin Question

    Current overnight margin for the YM is $3503 (from CME Group website). With exactly 10K in your account you would only be able to hold 2 YM contracts overnight. If you had profits on open trades that pushed your account above $10,509 you would be able to hold 3 contracts overnight.
  13. J

    Ib

    Once you have an IB account get and install QuoteTracker. It is free and much better than IB charts.
  14. J

    Tradestation's customer service is really BAD!!!

    Speaking of dough, $150 a month will buy plenty of pizzas.
  15. J

    Relationsjip between cost of living and currency value?

    Denmark, Norway and Sweden all have currencies that have gone up against the dollar and all three have a very high cost of living. There is a better relationship between average hourly wages and cost of living: high hourly wages = high cost of living low hourly wages = low cost of living
  16. J

    Tradestation's customer service is really BAD!!!

    The platform is free with 10 RTs, but you still have to pay for the data feeds.
  17. J

    Question on Interactive Brokers?

    IB is very suitable for trading ES with either TWS or BookTrader and execution is very fast on market orders. One thing to consider, for 50 ES RTs a day you can get a lower commission rate at a broker like TransAct.
  18. J

    Please removed

    The $0.30 is the IB clearing fee, as clearly stated in the unbundled commission table. After 1000 contracts the clearing fee drops to $0.20.
  19. J

    Old Taleb Note , very funny.

    The email is for real. Taleb doesn't need to be told he is right.
  20. J

    IB will freeze my account if modification/execution ratio >50

    Why not go to the Interactive Brokers website and read all about it under "Software" and "Application Programming".
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