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What do you do to get the TICK in IB? If I type in "TICK" it doesn't seem to recognize that symbol.

Yes that could be incredibly easy. At least writing code to place the trades and get the real-time data is easy. Coming up with a successful strategy will be the hard part. IB won't be providing you with historical data for backtesting your systems though. You'll have to get that somewhere...

I don't know...if thousands of employees who had nothing to do with covering up whether or not Vioxx caused heart attacks lose their jobs and millions of shareholders who also had nothing to do with it either, lose their equity that sounds pretty sad to me. It doesn't to you?

My friend's experience with outsourcing: I had a friend who had an internet business idea. Rather than quit his six-figure job consulting to write the software himself, he hired an indian firm which provided him with a programmer at a rate somewhere in the teens I believe. Apparently it...

I had the same problem. I just happened to start using a different monitor and the problem went away.

With regard to people who write books on put-selling: I've often thought that a great way to make a lot of money, if I were inclined towards dishonesty, would be to start an options newsletter or advisory service, and advise all of my clients to sell puts with a >95% probability of profit...

I wasn't commenting on your specific strategy or risk-management. My point is that most traders lose money. Whether you are a buyer or seller of premium, if you have no edge (positive expectancy), the only difference will be whether you lose your money quickly or slowly. Credit spreads are...

In one sense, the decision of whether to buy or sell premium can be thought of like this: "How do you prefer to take your losses?". If you like to lose your money all at once going broke in a "big bang", then sell premium. If you would rather go broke slowly, bleeding a little bit every day...

There is no formula for implied volatility. You have to solve for it numerically.

I use the method as described on pages 461 and 462 in Options as a Strategic Investment by McMillan. Basically you take the log of the ratio of each day's price and the previous day's price. Then you compute the standard deviation of those values. Next, multiply the standard deviation...

You can buy a CD with 3 years or so of historical data from the present for like 75 dollars from here: http://www.stricknet.com/main/data.htm

Back in 1999, my business partner (in a non-trading related business) had a Datek account with like $3000 in it. He wanted to buy some IPO when it opened trading. He entered a market order using the web based interface, and didn't get a confirmation so he entered another market order but...

No, it looks like there is a bug. The snorm function is getting an overflow on this line: snorm = 0.5 + w * (0.5 - 1 / Sqr(2 * pi) * Exp(-z ^ 2 / 2) * (a1 * k + a2 * k ^ 2 + a3 * k ^ 3 + a4 * k ^ 4 + a5 * k ^ 5)) Specifically the overflow happens when it adds 0.5 to the other big term. I...

The ratio of risk to reward is important...but expectancy is supreme. You can go broke trading with good risk/reward if your overall expectation is negative. I have no idea if selling iron condors on the NQ has a positive expectancy. You should backtest and see if it has had positive...

If you are new, and are making directional bets I'd recommend using somewhat ITM options. What happens a lot when you are new, and you make those kind of bets is you end up being right about direction but hardly make any money, because the delta is too small. If you use fairly deep ITM...

I used to know a guy who is a professional poker player like you. He also played 4 tables at a time on party poker. That must be the most someone can pay attention to at once I guess? Anyway when he was explaining his "system": his expectancy, his money management plan, etc... It sounded to...