Seems like this strategy has a very good yield to broker. Slippage on a butterfly is bad enough, I bet after slippage and commissions it is difficult to break even with all these legs. Don;t people use boxes for price discovery, instead of a cash flow strategy?
plus you are nailing the top on the M&A cycle and the hedge fund craze. If I were you i would just go back to being a broker and calling your own shots. BOL..
One limitation I foresee is that IB does not offer 401k accounts.
If you mean you are going to roll-over a 401k to an IRA then IB will suit you well if you are actively trading. If you do not meet some minimum threshold in commissions every month, you get charged an inactivity fee at IB...
Most excellent - I hope INTC earnings and stupid DOW 14,000 puts a lid on this market. I am not bearish, I just have some long-term $$ I want to put to werk!
Looks like YHOO is up 3% in aHr and we have CPI tomorrow morning, so who knows..
It's generally a good contrarian indicator that when these big public funds start doing something, the gig is up and it's time to move on. They are always buying at the top and selling at the bottom. They were moving into timber partnerships about two years ago, just as Harvard, Yale, and...
Why not just trade the ES and be done with it? Swing trading S&P options is never a good idea - they only trade on the CBOE so the spreads are too wide to profit from. If you can profit from this strategy, though, then may God's love be with you.
On the Money is terrible and Melissa Francis needs to think about a new career - she is horrible! I hate those open-forum debate shows like Bulls and Bears - if I want to hear someone argue, I'll talk to my wife! :)
mandy Drury is still my favorite :)
Turn on CNBC World at around 8:00 EST and see her in action!
http://www.gogomag.com/cgi-bin/tvheads_viewer.pl?tvheads205997&205997&Amanda
http://business.guardian.co.uk/print/0,,330126880-108725,00.html
Mexican tycoon overtakes Bill Gates as world's richest man
Fiona Walsh, business editor
Tuesday July 3, 2007
Guardian Unlimited
Microsoft founder Bill Gates looks to have lost his title as the world's richest man...
Not anymore - Carlos Slim took over the #2 spot recently. Here's a link from none other than your buddy Jim Cramer if you don't believe it.
http://www.thestreet.com/_yahoopi/funds/madmoneywrap/10351631.html?cm_ven=QUIGO&cm_cat=FREE&cm_ite=NA