Search results

I don't think he needs to trade. With his credentials, (deserved or not is another issue) he is probably squirreling away lots of cash speaking in front of traidng desks for 10's of thousand a day in addition to consulting with the hedgies in Greenwich CT.

Thanks for the clarify OC. I do agree with you that flying the short call vertical would limit the loss somewhat but to expect a profit even a modest one at that is wishful thinking at best. We all know a fly has a very narrow profit peak. What I've found from real life experience trading...

Hi RM, I think you will find the guys who did this news release also bought about 30-60k calls today in the 90,95 strikes. Time to call Eliot Spitzer.

There were tremendous amts of calls traded today like someone said earlier (60k calls) The curios thing is that there were a lot in the back months as well which leads me to believe that someone did a boatload of reverse calendar by buying oct/ selling the Dec or Jan and even the Jan 08! If...

AAA is dead on. If you desire to trade directionally using options, you need to be well versed in the greeks since by understanding such exposures, you can "construct" trades that have pretty favorable risk reward scenarios to accomodate your outlook in the possible movement of the stock. Case...

Pretty irresponsible journalism. Make it appear that all limit orders even mktable limit will get paid.

Another NYSE edge bites the dust....

Phil Erlanger bought the software and renamed it erlangerquote. Erlangerquote.com

Steelhead. You seem to be one of the few traders paying attention to this.How do you think this will affect NYSE scalping? There were a flurry of discussions about 4 months ago about this change (Reg NMS) and then it died down. Now that they will soon turn it on, I'd like to know your...

Read your LLC agreement. Most of these specify that pass thru fees such as reg fees are trader's responsibility. The reason you don't hear more complaints of this nature is that most firms absorb it for active traders.

Reg NMS?

A runner gets an order ticket from the phone clerk or gets it thru the arb clerk thru hand signals. The floor broker yells, does the order, thenr ecords the qty, contrabroker,etc on his floor card, which then gets handed to his clearing clerk every 1/2 hour to be keypunched downstairs in...

I have wrestled with the same issue of cutting off the DDe link since XL repaints everytime a DDE value changes which locked up mu CPU. I finally ended up with putting the DDE link somewhere far to the right, then using cut and paste and deleting the formula to get 'snapshot" values when I need...

Before you sign on the dotted line, get fully educated on the impact of SAI's on your botom line. If you trade bi-directional, you might find that SAI's are the best thing since sliced bread or the polar opposite.

All I can say Cash is that I wish I had 1% of his money.LOL.. That being said, if you take major blowups of firms whether it be prop, Hedge funds, Barings, LTCM, etc. It seems to me that no matter what intrument, time frame, the common threads are... leverage thru position sizing or...

Buy verticals opposite to your core position to give you staying power to withstand the mini drawdowns

I think there were threads here about his position in PVN and also the urban legend Bright trade on the MRK/LLY Pair. One has to balance that claim with the fact that the number keeps getting bigger every year + access to traders Pnl which is priceless in pointing a trader to a better strategy +...

....than the amount of Class A capital is the manner in which the LLC is structured. Is there a mechanism of "check and balance" in the prop firm which would prevent any member, Class A or B from singlehandedly blowing out the company. There were 2 - 3 companies the past 4 years who took big...

I agree w/ your assesment of TOS, I hope their institutional version Thinkpipes is at least as good.Wish theywould put hot keys though