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And perhaps coincidentally, my name spells like Bueono.

>> ThinkScript support for options is horrible at best. Everyone's support for options is horrible at best. This is just much the best moment to challange Black-Scholes of the 70s as it was their turn to challange Binomial of the 50s or the pre-war (as in generalized I'll kill you all if you...

Not a bad choice :)

But what you do when the landlord is as usual, successful at least 10 generations in the past. Which means: - rich - handsome - smart The thing he's missing is more of the #1st than of the last, and you owe to the last the fact that #2 didn't matter much :D

There is a lot to be said about "talent" and it's correlation to "success". The strongest predictor to success is previous success, not talent, knowledge, physical fit or what else. If your parents were wealthy, you've got some 95% chances of keeping the fortune. If they were not, like my case...

Yeah. The only good thing about it is that it'll require much less (an order or size less, where "order" starts at 2 and you divide by it) before I'm getting to the end result of this 2n'd part of my endeavor, which is making money. Then perhaps if I'm lucky to live enough after wasting my...

@OP and to his original question: "[What is the] Accuracy of IV for Expected Move?". Short answer: quite accurate. I've got the historical data to prove it (paying some $1000 / year for it) and am still struggling to build a system to exploit the mis-accuracy, of which the hardest part is...

One thing I'm trying to emphasize with this "Quiz" is the importance of "politics" relative to hardcore "technical" skills. If you're old enough, you've come to realize this in the workplace. The situation in this quiz would be a politics vs. technical on steroids. It's obvious you'd have a...

@JSOP: that's one problem. One one hand, the world has no shortage of guys aspiring to "successful trader" outcome. On the other hand, I've only found a few such guys around here and none of them is close to even literacy when it comes to options trading (my specialty), so there's noone to talk...

Yes.

Also drunk, which leads us to the definition of Catch 22. You cannot claim exception from The Rules of The Board, unless you file a Drunk exception. But a Drunk exception cannot be submitted but by the perpetrator if it's to be considered at all. Yet if the perpetrator does actually submit a...

>> Can I give you some advice, most people don't have even the faintest idea how life works, I suggest you tone down the narrative a bit, otherwise it normally causes you more issues than it solves Thanks for the suggestion. On my 3'rd account here, I've been warned by Magna and Baron but so...

>> @fan27: it could start as a small operation and a side job. This venture would require very little risk on your part and could have big upside. Assuming you can deliver, I would consider hiring you for side jobs I get. Fan, I hope you really have a grip of the environment where you work. The...

Before I read in depth much of it, that resembles similarities with my "what would you do if you were teleported back 2000 years?" question. Which, as a rational quant, won't happen anything in the near future (albeit I've got a lovely SciFi story where I inspired myself from). But helps you in...

>> talk to anyone and everyone saying how wonderful your job is in the hope someone will take the bait and hire you to a better environment This desires a deeper discussion. There are no such things a "wonderful jobs". There are "less shitty than the previous" ones, which asymptotically, in...

Did that for 9.9 years. Didn't work out. You must know me. They fired me the day I let loose. Couldn't even open my computer next day (they were so gentle as not having a security guy block my entrance to it). But I'm *really* working towards a better environment. ME, ME! I'm actually doing...

>> How about use your geographical location to your advantage. Assuming you know other software developers, why not start a software consulting company servicing high cost markets such as the United States. There are like 1,000 companies all doing that in my area, if by that you mean "textile...

After 10 years working as a quant developer in finance, I find myself forced to pursue a different career in order to feed my family. First of all, "quant" is only my denomination. The firm I worked for (won't call them a company since they don't deserve that) does appear on this site too...

The 100% safe method, for a $10k account, is to only trade options on assets priced lower than the theoretical limit of $100. I, personally have set it to $90 (I've got such a $10k account). I did get "accidental" expirations on occasion but always on my own balance sheet.

ajacobson++ If the option was ATM, then you don't even have the "liquidity" argument for not closing it. There's always bid/ask on an ATM option so you can close your position no matter what side you are. In the absurd case there's no liquidity (not the case here, but on some thinly traded...