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Hey Bigbiscuit. I' not selling anything. I have no idea what C2 or PTE daily is? Do you? Kind of curious since it relates to XOM/CVX. Anyway. CVX reported today. Solid numbers, but XOM is actually outperforming CVX a small tad today, but most importantly, the correlation remains in...

"Yobo, there is a guy on C2 running this pair in a system. It's called PTE Daily I think. Are you he?" No I am not that guy. Don't know what C2 is or never heard of PTE daily. I'm an independent trader in Portland ME.

Thanks for that response. Very insightful and I think you are right on about your assumptions concerning the academic paper. THe one flaw I have with being long xom and short CVX is that fundamentally on a valuation basis, the data indicates be long CVX as that is the better value play...

Trade and learn...well that is what I am doing. I am sticking with the pair because even the though the spread has been increasing, the positive correlation remains in tact. Positive correlation reffering to the fact that if one stock trades down, the other trades down and vice versa. The...

Here are the layers I have put on... Layer#1: Long XOM 92.17, Short CVX 95.19. pair ratio = .968 or approximately 2 std dev... Layer#2 Long XOM 90.26, short CVX 94.46. pair ratio = .955 or approximately 2.5 std dev... Layer#3 long XOM 89.21, short CVX 94.41. pair ratio = .944 or...

THanks for the response. Was wondering if anyone would offer feedback. Here's a clip from an academic paper regarding pair trades and returns: Abstract: This paper examines the impact of accounting information events (i.e., earnings announcements and analysts’ earnings forecasts) on...

Hey guys thought I would try to get some feed back on the xomcvx pair I have going as I am new to pairs. The correlation is about 94.5% over a 252 day period. The "mean" is 1.005 for 252 days. The Standard deviation for 252 days is .0175 Yesterday the pair traded at a spread of .968...

Curious to know if anyone is trading the XLE and USO as a pair. The spread is getting interesting today and getting to a point where you want to short the USO and go long the xle. Unfortunately, my broker won't allow me to short. Curious if any Bright traders have access to short...

Still voting for Foxwoods, but NYC may be a possibility for me. Just wanted to chime in on thread to stay abreast of your posts. Cheers.

Stock is green today amongst the blood bath based on an upgrade from Cowen. A few days ago, ZACKs also upgraded the stock. Check it out, heavily shorted and easy victim to a short squeeze.

Fantastic. Have you ever had days that go the other way with losses that big?

Did I read your posted graphic right? You made 46K on the open?

Just curious. Has anyone noticed any trends regarding opening orders such as do they tend to be more profitable if the futures indicate a big or down opening? THanks in advance.

After having read the posts it seems to be mostly a wash for folks. Can people share their long term perspective on whether openings are worth it or not? Thanks

Hey Don, Quick question. Do you allow your traders to trade equity options? Specifically, in this market environment where volitility is the underlying theme, trading long option straddles and strangles has proven to be very successful for me. Can traders leverage up to a million with...

Been following this thread and find it very relevant to the recent volitility in the market over the last few days. Many rumours floating out there that some of the big quant hedge funds that trade pairs based on all the historical data from the past 45 years on companies have been blowing...

Thanks Don. Makes sense.

So why does bright not allow traders to trade stocks over $100. If you are gonna scalp, than you need to trade higher priced stocks. Going after nickels and dimes and playing between the bid and ask is silly.

Any honest opinions if this is a good firm to join?