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gee, let me think......trading? lol. i just meant who would want to be an i-banker in the strict sense of the term. i think nowadays, the ultimate goal of any sell sider is to get to a buy side shop eventually. there are so many buy side shops out there now that if you are an upper crust...

lol! i shall prevail? ok thor. i only wish u and i could enter a swap on your citadel short. remind me a year or 2 from now how it works out for citadel.

are u under the impression that citadel loses their 2.5 bil commitment if etrade does indeed go bankrupt? read the details of the deal, then see how you feel about it. citadel has already taken on a gigantic mortgage portfolio for 27 cents on the dollar (this came out to about 800mil+ or so and...

i'll do you 1% better. 100% the same thing. i think the only difference is that you can't trade out as far, but i think its something like 9 months or a year out on globex (who needs to go further out anyway). globex is pretty much the nail in the coffin of the floor.

obviously you didn't read the details of the e-trade deal to make a comment like that.

Probably going to IPO next year and that will probably double griffin's loot. so lets say that puts him in the 5-10 bil range. how can he go from there to buffet money? it's probably not going to happen. 5-10 bil is a ton of money and he is certainly already a master of the universe. as for...

and just as an fyi, i work with alot of the silver spoon kids now, and frankly, none of them have an ounce of street smarts. they get spoon fed everything and don't have an ounce of humility in them. not saying this about all ivy kids, there are several that i work with that are great. i just...

A friend of mine did this in London when we were in college. he worked for a sell side analyst and busted his ass that semester writing research reports. Landed a job a JP Morgan right out of college with a signing bonus and we went to university of Florida. Think of it like this, people who...

BTW a few weeks ago globex was printing crude offers $5 bucks below market. people were going nuts on globex and ice, and there were several trades that ended up getting busted.

Does anyone know approx. how many (%) of IB users were affected the other day? Was it system wide? They run a huge MM biz...was this affected? Are they doing anything to make good on losses do to stops getting hit etc? I think they had an issue in germany a while back with some market...

http://www3.optionsxpress.com/yahoo/?CMP=SPC-yhoo&src=op_drag

they had one on yahoo finance, i think its called option dragon, but i can't seem to get into it right now. most people recommend optionetics.

wow, pretty harsh. didn't your mother ever tell you if you have nothing nice to say, say nothing? i think you can include citadel on that list. i don't know that there are too many hedge funds doing internships these days. my suggestion would be to take a shot at the banks with good trading...

Location is a huge thing right now. speak to people down south (texas, fla) and theres more NG in storage than they will need for some time. Speak to anyone in the northeast (which i think is dominated by heating oil anyway) and they can't get enough. If I had the balls to trade NG, i would...

I've just finished "High Probability Trading," by Marcel Link and I think it might be a decent candidate Im a huge fan of this book. The 1st few chapters are 100% psychology and really remind you to take a step back and think before you put on a trade. Although I think if I were limited...

it also can't be helping much that that there's a 40 cent wide mkt at any given time on the atm options. that said, there does seem to be 25% more open intereest on the 30 strikes (and all the calls have 2x + the open int of the puts). this thing is traded pretty thin. my gut says that this...

Try reading it out loud...... what was the point of that?

its really just about looking at your greeks. if you sell 1 naked call, you're naked all of the greeks that come with it. you have to decide what it is you're trying to hedge out. are you trying to hedge out price sensitivity (delta)? you can hedge out your delta risk by buying back some...

extremely seasonal commodity. if you look at the price curve it truly looks like a roller coaster. higher in winter and summer months, with prices a bit lower in the spring and fall. from an option perspective, the winter and summer displays higher volatilities as well, with lower vol in spring...

spy and dia recieve dividends. do the bigs (spx, oex) as well?