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  1. N

    VIX fly / spread journal

    last time i talked with a senior person at CFE about the margin hike, i was told that that the CBOE top person was going to have a conversation with the top person at OCC. i guess that did not work out.
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    VIX fly / spread journal

    do you have the contact info for the responsible person at OCC?
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    VIX fly / spread journal

    I agree with rally. The new cfe margin is ridiculous. It is not even internally consistent. Spread is too expensive and outright too cheap relatively. Time to move on and expand to other products.
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    Brent crude / calendar spread

    bone, thanx. you are the best in this stuff. nj
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    Brent crude / calendar spread

    thanx a lot for the info. i just saw i was NOT for charged exch fees for BZ. only and nfa fees (0.02). that was nice. liquidity very limited though. granted for cal spread it does not matter as much.
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    Brent crude / calendar spread

    thanx dun and abc. really helpful.
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    Brent crude / calendar spread

    IPE data at $85/month to see the quote. do u happen to know the symbol on TT? i hope it is free on TT. any difference from trading BZ on Globex? the volume seems quite low for BZ, spread or outrights. does IPE-Brent behave similarly to CL? thanks again. njrookie
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    Brent crude / calendar spread

    thanks a ton!
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    Brent crude / calendar spread

    any one trade those on IB or TT? what is the ticker symbol to use? is this the right one on IB? Brent_Crude_Oil_-_Last_Day Underlying BZ Security Type IND Currency USD Exchange NYMEX Symbol BZ Region Name America i read there is also one on ICE-Europe, but could not find the...
  10. N

    VIX fly / spread journal

    Just got off the phone with CFE folks. New margin kicks in after close today. Better get all the quarters in.
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    VIX fly / spread journal

    two separate things here: 1. where to get all the quarters? 2. r u comfortable with a large pot of margin equity money sitting on the broker's account? njrookie
  12. N

    VIX fly / spread journal

    OCC wants it "from their MC model and due to current market environment". A bunch of gvmt acad quant type who had no idea what is going on.
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    VIX fly / spread journal

    Margin tab is for current margin. The new rate kicks in tomorrow.
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    Trader P/L 2013

    4th week of may +3400 njrookie
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    Trader P/L 2013

    not an exciting week. allergy is killing me. +1100. njrookie
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    Where is the edge?

    I agree with the statement that "The speculator can choose to only bet when the odds are in his favour. " The black swan risk is overblown. There is an edge/premium/positive expectancy here. Just need proper risk management so that one does not over-bet here. Do you trust HF/Traders...
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    Where is the edge?

    I do not see from the charts that the expectancy is negative.
  18. N

    Where is the edge?

    it is all about position sizing.
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    Where is the edge?

    very well said. you sell vol to earn vol premium. or you can long equity to earn equity premium. difference ways to make a living with different return profiles. ***************** It's two things: 1. It's the hedgers (who are much bigger than the vol markets). They buy vol to protect...
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    Where is the edge?

    if you are shorting vol if your net credit for your option positions.
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