Search results

You are arguing semantics. Unfortunately, businesses are forced to use legal terms by the official definion of those terms, as defined by the regulators. Your concept is correct, but your use of industry verbiage is not. The industry requires enough cash in an account holding short options to...

All stock trades from yesterday were not busted. The general response was that only those trades that went up for greater or less than 60% of the 2:39 Eastern consolidated sale price were busted. A suprisingly small amount of trades were busted considering to the crazy conditions. Serious...

Yes, please fight this one. I am angry and frustrated for you. I can only imagine how upset you are. i would first call a really good class-action lawyer. There must be other IB traders that this happened to yesterday. Convince the lawyer that there are potentially hundreds of millions of...

Did you have a ratio spread on? If so, the wide markets and temporary downtick would have easily set off the stop losses on the short puts. Then the rally back would have set off your larger puts. IB probably uses market orders to liquidate so it is possible that everything was liquidated at...

Sounds like your friends are the ones that should be worried. You are trading on the wrong desk.

This wouldn't happen. The trade would have been tagged as clearly erroneous and broken. For high $ stocks, anything past 3% from the last verified price is broken. Given the obvious issues with a rule like this, in practice this rule is very much a guideline rather than a strict formula...

Chil, I am not trying to be rude, but I agree with Wayne. Without giving away the Charles Hughes secret sauce, could you at least share the types of bets this guy is encouraging you to take?

I completely agree. They should also eliminate flash quotes, dark pools, co-location, payment for order flow, and liquidity rebates... Except for flash quotes and a cursury glance at dark pools, none of this will happen though. The congress people have probably never heard of payment for...

Watch Goog pin to the 560 strike by the close...unless the goldman trading desk is too busy dealing with something else today. :D

hmmm...actively rebalancing the trade would provide an interesting wrinkle. I have been thinking through these products and trying to figure out the many ways that you can get fucked by trading them. This thought process is an important part of my risk management process. We create...

Typically when someone states a historical opinion they back that opinion up with evidence of some kind. Before the civil war, americans had loyalty to their states over the federal government. RE Lee considered himself to be a Virginian, above all else. He would have indeed been a traitor...

Are you 12? This is pure cartoonish fantasy nonsense. Go and read the history of RE Lee. He was asked to lead the Union armies and declined. Instead he led the armies of VA against the north out of a sense of duty to protect his homeland of Virginia against the northern agressors. He...

The short fly is a great goog trade. Long the ATM and short the 5 to 10% out wings. Looks like that would have worked perfectly this time. GOOG almost always pins, expiration or not. Actually the .25 away closing print is even a bit misleading, considering the market was pushed to within 2...

This is exactly why I would suggest doing this via call spreads or even using 1 by 3's. The whole unlimited potential loss from one strategy doesn't work as a part of my overall business plan.

You seem like a cool dude. I would like to know more about why you see things the way you do. I retain the right to change my mind on any opinion. If these other idiots get the discussion closed down, just PM me.

I agree with a lot of what you are saying. However, I think you are intertwining a few separate concepts. I never said that I didn't believe in GOD. I don't believe in religious dogma, and I certainly don't have holy faith in individual people. It is undeniable that there is a ton of...

There are many potential ways to play the VIX futures and options against the SPX futures and options. Hedging implied vols in the teenies is not one of them. When you get far enough OTM, the options stop being functions of volatilty and become moreso a function of capital requirements...

Biblical logic is so obviously self-serving. Religion is a cultural choice, not a genetic predisposition. The Jews, muslims, and even the Christians during the crusades used their holy books to determine that the promised land was given to them as a genetic birthright, by God himself...

I am assuming you are looking at the same expiry in each product right? All gamma was not created equally, but theta is theta is theta. As vol goes higher, an option will show less gamma risk, but will have more premium to decay. The problem is that while theta is normalized naturally by...

OK, I don't know why there is a confusion. I found multiple sources saying that the Levant Basin is in the WESTERN med. sea. However when I looked at this map, it is indeed right off the coast of Israel. http://images.energy365dino.co.uk/standard/111499_15070e8963ec4d9a9042.jpg