Search results

Couldn't get several 2X and 3X shorts filled at IB today. I think the world is getting hip to this.

I wonder if there is a consistent play by simply shorting MOC, if that is possible, and then buying back on the pricing the next day, or something like that, simply exploiting the overnight repricings, forgetting the intra-day.

Actually, I just found a 1.3413 on Sept. 6, 2000. Yeah, things could get worse, much worse, I guess. Btw, for free historical FX, I use http://www.chartflow.com/fx/historybasic.asp Great site and tool.

Actually, I was just looking at a weekly chart from 2000, and the weekly all-time high, in August 2000, was 1.33, so there may have been a brief spike that week, to 1.36, as you say. Still, you're right, this may have to play out a while, although if I were a short term trader, I would look for...

Agreed, it's not a no brainer. But there does seem to be a bias to the downside on these animals, even the bull ones, that can in many cases be exploited with a decent probability of success over time. I bet some finance academic types are already modeling this and working on papers about it...

Here is my issue with shorting NZD/USD; I can recall in 2000, I believe the Kiwi hit .39 US cents to the Kiwi dollar. If if these times are worse (for the Kiwi .. one could argue that they are worse for the U certainly and that makes a low breaching .39 less likely) well, .39 could get breached...

Ausie RBA will likely cut 1 point next week, too, putting the NZD back on top of the interest rate heap. But, being in Sydney, I gotta tell you: I hear horrible things about the NZ economy, but Oz seems to be weather things well, or as well as could be expected, and if gold makes another run...

I gave it a glance, and it looked like it was close to an all time high @ 1.27, might hot 1.28 or 1.29. But intermediate to longer term it is sure to drift back to the 30-year norm, which is like 1.12. - 1.15. Thoughts?

I hear you. Btw, know off hand if there are options on these with any decent liquidity?

What is the risk with long Wyeth (short DITM Wyeth Call) paired with Short Pfizer and short DITM Pfizer put)?

It's a cash deal? News to me.

I'll have to set up a new monitor page on IB now. Thanks for the tip. Owe you one.

If you were doing a merger arbitrage to lock in a 12% profit how would you hedge? Deep ITM calls and puts on the, respectively long (Wyeth) and short (Pfizer)?

What is the long part of the spread?

Call backs an issue? Never had it happen in all my years. Availability always seems to be the issue, especially nowadays.

Figures. I did some 2X stuff today. Dipped my toe in. We'll see what happens. Hedgies got a name for this type of trade? Is it a spread trade? Market Neutral? Arb or some sort?

Wasn't really what I asked ...

Long term, is there any reason to hold a 2X or 3X ETF, long or short? Let's say, no. So given that (with a few exceptions) it's not a good idea to hold them long term, because of the leveraged negative compounding on down days, why not just short them long term, and let them dissolve. Caveats?

Generally I don't use these instruments; I know they are useful as a financing tool. But I was wondering if there was any value in also using them as a hedge in a dividend capture? Basically, long stock, short SSF, or is the price drop from the loss of the dividend already baked efficiently into...

Brain fart. Apologies.