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    Premium Sellers vs. Option Buyers

    If I am reading your example correctly....you have only paid 15, not 25 (typo?) Also if you want to collect premium - this is a poor example of doing it. If you mean that AT expiry it closes at 10.30 then according to your example, you have no positions to worry about. The loss has already...
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    Gox closes down, good bye you magnificent bastard

    just go to Page 5 Post 88 - take it up with someone else if there is a problem! Imagine if the banks could use that as a disclaimer. LOL
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    Random

    new place + sun changing angle in the sky = time for curtains in the morning.
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    Record Bet: Trader Sells $18 Million in VIX Calls

    subset of the same thing in my thoughts. Thats why you have models and spreads + trading nouse. The future becomes a non issue to a large extent as the model has allowed for that, and traders experience works out how best to offset, or when to panic/not panic The rest becomes supply and...
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    Record Bet: Trader Sells $18 Million in VIX Calls

    the options were only about 3 weeks from expiry. When they were purchased it was an opening options trade (no options were already open at that strike) hence it raised quite a few eyebrows that 2000+ OTM options at a strike with open interest of about 100 contracts (Oz at that time was 1000...
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    Better setup for heavy use Excel

    never had that problem. Sounds like some memory issue....beyond my scope I am afraid. However - its still worth learning the stuff for macros as you can turn off the alerts..
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    Is Drawdown and Equity Curve Misleading

    which is why you probably should introduce some sort of volatility element into stops if you want to equalise trades across time and instrument. Alternatively - correct me if I am wrong. (third beer for the evening ) Your argument is essentially that even though at a price 100 or 1000 or 666...
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    Bitcoin as the world's reserve currency?

    thanks....thought it might have been such but never really knew. Given its instability etc as a new technology with no real backing (much like MFgolbal ha! *) i am surprised that there seemed to be a lot of people who had blind faith in Mt Gox, given the chatter about it. This was by people...
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    Bitcoin as the world's reserve currency?

    without reading endless posts... Can anyone say why Mt Gox actually had peoples bitcoins? Was it more acting as a bank / secure depository (ha!) / broker (like MFGlobal - double ha!) than merely an exchange? I thought the point was everyone had their own wallet. thanks.
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    Re-balance my foreign currency balances

    Have you tried opening up the Account window, then on your Market Value, FX Cash balances right click a pair. This should give you the option to close the currency balance, and/or close all non base currency balances. You will likely get a message reminding you of residual balances. This will...
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    Jokes 2

    It turns out the @GSElevator twitter has been outed....some guy in Texas For those who have not seen it before its hilarious. It is meant to be tweets of things heard in an elevator with GS folk https://twitter.com/GSElevator examples: #1: The NSA is the only branch of the government...
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    Better setup for heavy use Excel

    check out excel sites. I always goggle using "Excel Vba 'something something'" It sounds like you need to switch off the alerts, and also clear the memory in your VBA macro. Trust me on this if you do do a lot of even simple VBA macros with a lot of cut and paste, reading of text files and...
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    Record Bet: Trader Sells $18 Million in VIX Calls

    In my thinking - Offset = any trade that reduces (neutralises) the risk, spreads the risk, offsets the risk. Be it delta hedging in the underlying, other options, other correlated instruments. So while a MM might ideally love to perfectly hedge (the prudent choice) the option with other...
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    Question for all of you actually making a living trading options

    yes...you probably gather mine was a rhetorical question to him....because if that was their only problem it was easy solved! Sounds like you had fun. It was times like that whereby my view on a lot of these models came from. That at the end of the day it is when prices are well outside the...
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    Daily Hottie

    a whole night....you must have been admiring the sheets and the bed. :) /////to those who started this thread and continue it - i tttttthanks you.
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    The Dumbest Generation... Don't Trust Anyone Under 30

    Is that then a failure of the older generation? ....but my comment was more on the irony of the time folks over 30 as they clearly DONT "spend unbelievable amounts of time electronically passing stories, pictures, tunes, and texts back and forth, savoring the thrill of peer attention and...
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    How long did it take you to find your edge?

    .....because there is nothing like getting good edge!
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    How long did it take you to find your edge?

    you mean you have had trouble getting set in the equity indexes and some currencies that are trending.....holy cow you must be huge! All jokes aside - I tend to agree. The worst fricken thing in the world has been the idea of an 'edge' especially for retail traders. Most firms who have a...
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    Question for all of you actually making a living trading options

    (staying away from ideas of greed/capitalism etc and sticking to models.....) They had 2 separate but certainly related issues. It was the overleveraging that blew them up. This was the result of them believing in the models infallibility...... They clearly thought it represented reality...
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    The Dumbest Generation... Don't Trust Anyone Under 30

    I am guessing we can then tell which posters here are under 30 right? :)
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