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Hm. I don't see anything particularly compelling about EBAY's IV's now. Spot vol is down a bit recently, that's about it. I have traded the flea many times on the day/eve of its earnings announcement and it sure can be a ride. Stopped playing EBAY a while ago since my fundamental opinion...

Cottle and his book can be found here at his site: www.riskdoctor.com wee

Just to lighten it up a bit, I thought you guys might want to see a picture of Mav stark naked. It's quite a sight. See attached. Wee

I wouldn't open 40 (5 pt wide) put bull spreads for 2 under this high P/E POS unless the absolute max risk, 3pts x 40 x 100 = $12,000, were no more than 2% of my account, meaning you need to be trading a 600K account to even consider such a trade at that size. Wee

May your deltas never reverse. May your thetas never decay. May your gammas never sit idly. May your vegas never implode. And no one really cares about rho. Happy holidays.

At thinkorswim, we offer total securities account equity protection of $25 million. As a member of the Securities Investor Protection Corporation (SIPC) funds are available to meet customer claims up to a maximum of $500,000 in cash and securities with a $100,000 cash maximum. An additional...

Mav, You are correct that there are often opportunities to sell vol spikes in individual issues and also I like the idea of balancing short/long vega exposure across your portfolio. I just meant to observe that, in terms of the general market, vols are quite low now as we chug higher without...

Mav, Vols are so deflated now, what options are you gonna sell that give you +EV? If you find some individual issue with pumped up vols, odds are somebody knows something you don't and you're playing with fire. I usually prefer to trade index options if I want to walk naked in the park...

Nonsense. And even if they did go nuclear, you better believe that (what's left of) the US would simply escalate in kind and blow them all back to the stone age.

I believe that BL's capture could actually trigger a huge increase in terrorism. BL is like a messiah to these 13th-century morons, unlike Saddam, who was the dictator of a secular nation state. How do you put a fundamentalist ideology on trial? and where? New York? At any rate, there...

It's a nice problem to have. If you are assigned early on your short call (american-style exercise allows for early assignment), you must deliver the stock at the short strike. If you do not have enough shares in your inventory, you can do one of three things: buy stock and deliver it...

On a more timely note, I will be expecting the market to rise on this Saddam capture event, further lowering implied vols. Might be a really great opportunity to get some inexpensive positive gamma working during the next few days. Dollar should pop too. hey Osama, you're next pal. wee

Mav, The theme is a familiar one: to collect premium from a pos theta/neg gamma front month position in order to mitigate the cost/risk of a neg theta/pos gamma back month position. I wanted to point out, however, (and sorry if this had already been stated, as you say), that there are...

Just read this interesting thread. You can actually lose quite a lot with the "perfect position." Say you put it on just as stated. Distant long wrangle, near long butterfly. Much to your dismay, the underlying moves to 90 at near-term expiration, so you suffer a total loss on the fly...

With a router you would have 1 IP address on the WAN side and multiple "local" IP addresses on the LAN side. This is called NAT translation. Configure your router to act as a DHCP server to your LAN and it will assign a local IP to each connected computer when you boot it. Or, you can assign...

Can someone explain to me why the new tax law is structured so that payments in lieu of ordinary dividends do not get the same favorable tax treatment? For the life of me, it makes no sense whatsoever. If you have street name shares in a margin account at a brokerage, they can and do...

FX-Trader, I opened the AF/GHCO account in August. Not a long time, true, but long enough to give me some sense of the reliability of the software and support level of the IB/FCM. Tech/customer support is straight to the GHCO desk. They have 800 numbers for customer support, functional...

I've been trading eminis with JTrader (AF/GHCO) for several months now and have had no problems. None. The version I use is standalone. In the DOME window, I can slide my stops up and down the price scale; left click for a limit order, right click for a stop order. Easy as pie. There are...

I just heard back from Mark and he's going to reduce my existing rate to this $4.80/rt special offer. I would like to thanks him here publicly. I have had no problems so far with AF (the IB) or GHCO (the FCM). You'll be working mostly with GHCO for any techical or statement-related...

GHCO offers TBills, so your cash need not be idle. I am checking with Mark about existing customers (me) who want the reduced rate. weewilly