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This is absolutely correct. I suggest people not understanding this from Mav go back and reread until you do. It is fundamental to understanding how to trade Vol. That said, I've been trading long straddles for the past six months with pretty darn good succes. I lean long and let it run...

The difference is that what the quant knows mathmatically, many of us know intuitively. I don't disagree, though, that the edge is going upstairs to these guys. I do have a plan(yeah, I've bean saying this for six months). But vol is a different beast, you can make money with some insight...

I thought we were too, but it didn't really sell off and then yesterday.

Pretty soon the market is going to go back to the old "good news is bad and bad news is good" thinking.

It is this from Echo except they call it Echotrader II: http://www.echotradeonline.com/etDemo.html

My question was a broad one and not dealing with the API. With that said, I totally agree with you. It seams that Kawa and MarketCompass would get me about 85% of the way to what I want. This is a far cry from the 10% of what Instaquote offers. That software is only good for one thing...

How do I get a DEMO, call Sage or Greentree? The one on Sage's website is password protected.

This should work: http://www.aasage.com/SageII/Applications/K_Support/Kawabunga_UserManual.pdf

Does anybody use this platform from ABN Amro Sage called Kawabunga? It seems to have options trading more integrated into the whole package. Hows the speed of it, likes/dislikes, etc...? Also, does anybody know of firms offering it besides Greentree? Click here to see manual

Goods points, the general idea is that the long premium play offers the best risk/reward at this point if the IV comes in as expected. The wings offer little risk and a lot of reward if the stock were to approach either one of them in the next two weeks. Being a backspread, my example profits...

Of course you could do the opposite as well with the puts.

Puma does suggest the safe trade which could end up still paying off big. However, I agree with Mav that this could provide a nice opportunity to get into some premium dirt cheap. Looking at the chart, it seems like this gap may help break it out of its pattern. The two otms 25 and 30s may be...

Ever trade options through them?

I have followed the pickup in Taiwan for a while now, but looking at the numbers last night still impressed the hell out of me. The fact the index went up on the report, rather than close down on the session in some sort of reversal, was equally inspiring. Today wasn't a blow out day in the...

Going to sleep long a FTSE future with a stop in the low 4330 range. I bought, literally, the 52-week high, 4340.5. This was my vehicle of choice because this index was at that point of breaking out. I'm not neccessarily a technical trader so it isn't important for me to wait. Back in '97...

Wow, I thought that was another one of those Worldco bashing threads and didn't bother to check if it was really all over. One thing about Echo that is interesting is their affiliation with Pax, but then again that is only really important for options. Also, I just talked to a friend, as I was...

Your haircut from Echo would be the exact same as a MM receives from PAX, 20% up or down. The guy seemed very accomodating on this point, which is a good thing. As long as you keep that number within your equity, you're golden. My only concern is with the platform. I would end up spending...

Unfortunately, it isn't integrated into their feeds. You need to get another data provider, ATfinancial or Reuters, as well as input your trades manually. The guy I talked to last week said they have some other software, but doesn't do as much as Microhedge, costs less though(I forget what it...

So, I guess their offspring would be called Eurodollar which means the Merc is engaged in child trafficking?

I'm sitting here bored as hell for the last week. There were a couple of attempt to break out of the range, which I sold small, but for the most part we have been in the same spot for the last week. This, I think, illustrates an important aspect of option trading, namely pick your points wery...