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  1. O

    10 weeks - 100 trades

    So... when you say ' My system scans for positive expectancy spreads ' you are not using the term 'expectancy' in it's statistical sense http://en.wikipedia.org/wiki/Expected_value which requires knowledge of distribution and probabilities. Nor are you using 'probability' in its...
  2. O

    10 weeks - 100 trades

    SO.... You are assuming a log normal distribution, computing the standard deviation and then what?? Your spreads have a Z shaped continuous P/L graph. How do you get expectation out of it so you can find those with positive expectations?? http://en.wikipedia.org/wiki/Expected_value...
  3. O

    10 weeks - 100 trades

    ' My system scans for positive expectancy spreads ' How are you computing expectancy??
  4. O

    Conservative Options Trades

    MCD: http://finance.yahoo.com/blogs/the-exchange/mcdonald-economic-woes-keeping-sales-check-195612736.html http://finance.yahoo.com/q/bc?s=MCD&t=2y&l=off&z=l&q=l&c= Trade: Sept 110/115 bear call spread for a net credit of $27 Yield = 27/473 = 5.7% in 153 days or 13.6% annualized...
  5. O

    Options Market Making Book

    Was seeing if anyone recommended any books on Options Market Making for someone who has decent knowledge of option theory, but no actual trading experience. I recently joined the industry out of college so I have an ok understanding of options but haven't started trading. <iframe...
  6. O

    Conservative Options Trades

    COST: http://finance.yahoo.com/news/costco-sales-rise-amid-challenges-142001396.html http://www.fool.com/investing/general/2013/04/14/3-reasons-costco-stock-deserves-the-premium.aspx http://finance.yahoo.com/q/ks?s=COST+Key+Statistics http://finance.yahoo.com/q/co?s=COST+Competitors...
  7. O

    Conservative Options Trades

    CLB: http://finance.yahoo.com/news/ahead-bell-core-labs-rallies-131203166.html http://finance.yahoo.com/news/core-lab-posts-stellar-1q-180501595.html http://finance.yahoo.com/q/ks?s=CLB+Key+Statistics http://investing.money.msn.com/investments/financial-statements?symbol=clb...
  8. O

    EXAS April options mis-priced

    EXAS: I sold 1 (one) April $7 put for $45. I'll take 100 shares at $7. If there's a problem they can probably fix it... and if they can't somebody else (e.g. BMS) can buy them and maybe THEY can fix it. Either way it will be a long time before the whole story is told. BTW: Implied...
  9. O

    Conservative Options Trades

    http://www.cnn.com/2013/04/17/politics/senate-guns-vote/index.html I think this is shameful. While I don't consider myself a died-in-the-wool 'gun nut' I own several guns and have a concealed carry permit. I have no problem with being checked out whenever I buy a gun and would have no...
  10. O

    Conservative Options Trades

    Commodities: http://finance.yahoo.com/news/brutal-trading-continues-gold-mining-031551570.html http://www.forbes.com/sites/panosmourdoukoutas/2013/04/15/does-the-crash-in-precious-metals-signal-the-beginning-of-another-financial-crisis/?partner=yahootix Just when I switched to...
  11. O

    Conservative Options Trades

    There's been a big explosion in Boston at the finish line to the Boston Marathon. Everybody is being deployed in New York City including police reserves. They are all armed to the teeth. Something is up.
  12. O

    EXAS April options mis-priced

    'You're the guy that said he sold an ENTIRE Oct. $10 Put for $270.' Works for me. :-)
  13. O

    Conservative Options Trades

    The market seems intent on pulling back here: http://stockcharts.com/h-sc/ui?s=spy Methinks the hope was drunk Wherein it dressed itself and it hath slept since And wakes it now, to look so green and pale At what it did so freely.
  14. O

    EXAS April options mis-priced

    "grandiose unsubstantiated claims" That seems like a grandiose and unsubstantiated accusation. I haven't seen any claims at all actually. As for the earnings call.... I never listen to those. It takes too long to find out too little. I wait for the analysts to sift through and tell me what...
  15. O

    EXAS April options mis-priced

    "What I can't read is if there is something wrong that the data isn't out yet" That's usually taken as a negative on the assumption that the company is trying to put a positive slant on negative data. But not always. I remember one company that had a report on a Phase 3 trial delayed a...
  16. O

    Conservative Options Trades

    CYS: http://blogs.barrons.com/incomeinvesting/2013/04/11/barclays-only-a-few-mreits-seen-as-compelling-investments/?mod=yahoobarrons http://seekingalpha.com/article/1328751-cys-investments-15-20-upside-11-yield-low-capital-loss-risk?source=yahoo...
  17. O

    Conservative Options Trades

    BRCM: http://www.cnbc.com/id/100632389 http://www.cnbc.com/id/100634745?__source=yahoo|headline|quote|text|&par=yahoo http://finance.yahoo.com/news/qualcomm-reverts-neutral-203002215.html...
  18. O

    EXAS April options mis-priced

    You bought the shares outright??? WOW... that's against my religion. I sold an Oct $10 put for $270. :-)
  19. O

    Conservative Options Trades

    TLT: http://finance.yahoo.com/news/long-term-treasury-bond-etf-233410597.html http://finance.yahoo.com/q/bc?s=TLT&t=5y&l=on&z=l&q=l&c= "Now, with a disappointing March U.S. jobs report, weakening global sentiments and Eurozone financial strains, investors are again returning to the...
  20. O

    ESI - ITT Educational Services Inc.

    Why is ESI trading so low?? Here's some clues: http://finance.yahoo.com/news/weak-enrollments-hurt-itts-4q-140848024.html http://www.fool.com/investing/general/2013/01/29/itt-educational-services-puts-on-the-dunce-cap.aspx...
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