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sold 100 @ 30.45, just to lighten up a bit.

ok, ok, you talked me into it! :p I'm in! I liked the press release - sounds like neat technology. I like who they are aligned with (IBM partner) and the vending companies that are buying their services, and did I read this right? Stevie Cohen is a big investor? I just wish they...

A share price of $25 puts the value of the entire company at $10bil. Merrill has a market cap of $81 bil, Goldman $96bil, Lehman $41bil, Schwab $24.5 bil, and Tradestation, $603mm, just for reference. If you think IB can increase revenue over time while maintaining very low...

You mean, like the lack of capitalization of the word "i" ? You are probably right. But there is way too much nastiness on this forum, so why don't we just give it a rest?

surdo, I hope you still have time to edit your post. I am in awe of JP. My comment in no way was critical or suggestive that he is not totally honest in his journal. How did you take my comment so wrong? JP called the low, which was reached (great call, very impressive) and I was...

We got your 111-03 print. (Wednesday's low - seemed unlikely to me this morning) Think it rallies from here? I am a bit stymied.

With CAT at 72 I have effectively sold 200 at 70.77 so I have reduced my profit today by $246. No way to call that a good trade, but I still am overweighted in CAT (because it has performed so well past few years) and will probably sell some more today.

whoops! CAT is up 4 points this morning! Welcome to the world of options! :eek: (I sold the 70 calls on Thursday)

$31.25 1 tic = 1/32nd of a point ($1000 per full point) $100,000 notional or did you mean, dollar value of 1 basis point?

I find it ironic that you are labeling the electronic markets a "scam." The move to electronic markets has been a great equalizer and makes the markets much more honest. Before electronic markets traders would complain about the locals. You could never buy on the bid side, the locals would...

Or should I say, "I sold catcalls" ? I want to start selling some calls on stock I own. Thought I would start with CAT. I know earnings come out Friday, but these calls look pumped up 40-50% implied vol. So, as an experiment.... I sold 2 calls @.77 :D If stock soars I still own a...

Just realized a mistake: Allowing for early delivery, the CTD vs the 2yr contract is not the current 2yr. It is still the 2.625 3/15/09, basis is approx -9.5. Yield is very close to the current 2yr but shorter duration.

During London trading hours when the Bunds are open (starting 2 am eastern time) it seems that the majority of TYM volume is driven by blackbox trading between the Bunds and the eCBOT.

great job! I really appreciate how timely your posts are. None of this hindsight trading, ie turned bullish yesterday and loaded up at the close - just took profits at the highs. :)

Bonds actually outperformed stocks today. Seems like that hasn't happened in a while, especially on a day when stocks are up. Dow +.41% S&P +.2% TLT +.56% BTTTX +.61%

I use a little cheat that works well as long as there is a clear cheapest to deliver without a lot of optionality. The futures contract will pretty closely track the cheapest to deliver issue. Right now for the June 10yr future, TYM07, the cheapest to deliver is the 4% 2/15/2014...

sorry, wrong day! Your trade was Wednesday, but it was April 11 ! :) I should have noticed that your original post was just after midnight on the 12th, ie before all the prices I looked at for the 12th. For the 11th, there were a lot of trades during that time period, and you were...

I wrote this yesterday but must have missed the post button because it didn't (post) But there were a few 500 lots of 127 puts yesterday, including one at a price of .50 at 11:01 am, so the OP could indeed have $25k riding on this bet.

Here is another chance (run at the highs) I bot ZN at 21+ watched it go down to 19+, set my stop at 18+ and was so happy it came back I am out at 22. Not a good risk/reward, but I am relearning.

Nice call... I couldn't bring myself to buy that close to the high, looking for more of a pullback, but we did get a nice little pop at exactly 38 past the hour.