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  1. H

    Can Canadians open accounts at US retail firms?

    short answer is: you can't Thank the "blue sky" law for that. US brokers got to have a Canadian registration. The only 2 that I am aware of are Optionsxpress and IB
  2. H

    SPX Historical Spread Plays

    I would like to know your definition of an anomaly in this case because I see no anomaly here... You can take any major index over a significant period of time and on average you'll find that it has a positive return around 60% of the time. In itself it is completely meaningless. It doesnt...
  3. H

    SPX Historical Spread Plays

    It's not an anomaly. The simple explanation is that a drop of 2% (for example) is not equal to a rise of 2%. Add to that the fact that the market goes down faster than it rises... In the last 10 years, this data is saying you have been making lower highs. It would be interesting to calculate on...
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    SPX Historical Spread Plays

    Interesting conversation... I am more of an XEO guy myself but since the correlation between XEO and SPX is high, it probably applies. Gonna have to look into it
  5. H

    GLD Options

    I just checked the 130/135 spread... Greeks are very low on that trade... It does seem like nothing is gonna have much impact on it, its so far out in time.
  6. H

    GLD Options

    I get your point, although I would need to see what would actually happen if GLD hits 135 next month to see the actual value of the options. I am always a bit weary of the if x=123 then y will = 789. Also there is a certain risk of being trapped into this trade if next month gold corrects...
  7. H

    GLD Options

    I understand. The thing though is that you have a certain level of confidence in your ability to predict direction... I can barely figure what the market is likely to do next month, let alone many months in advance. How far ahead do you usually build it? I would assume you also get failry low...
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    GLD Options

    Ok then, I guess I can share with how I trade GLD for discussion/comparison... By the way I was born in the 80's ;) I like to be exposed to gold but I don't like the miners. Problem with GLD is that you get no dividend and I like dividends... Also, I am terrible at making predictions about...
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    GLD Options

    MTE is correct. Any bullish strategy on gold these last few years worked great. In itself does not say if you were lucky or good. At this point it doesn't really matter, profit is profit ;) The interesting part begins when you think gold is going to slow down, can you still generate...
  10. H

    GLD Options

    I do what about them?
  11. H

    A Challenge For You...

    You are wrong in many ways... 1) The most obvious thing is that you describe a case where you have no view whatsoever on the market. Yet options are a very useful tool to express an opinion on direction and/or volatility. Ex: calendars, 1 by 2 spreads, risk reversals, vertical spreads. But...
  12. H

    Need a direct access platform (Canadian)

    I've tried IB but didn't like it. Currently with optionsxpress's XTEND. So far so good but it hasn't been that long yet... Commissions are a bit higher than IB but worth it IMO
  13. H

    Does IB offer ECN rebates?

    I asked that to one of their sales rep once, they said that they did. Did not verify since I didn't open an account with them in the end.
  14. H

    Lynx trading, Montreal

    http://www.lynxtrading.ca/ Not much info on there...
  15. H

    No one on CNBC knows what they're talking about

    I think you are referring to Simon Hobbs... Actually I do like him alot, (maybe not on fast money - I don't watch that show) but he did a very solid job when replacing Kudlow. He's not afraid to grill the guests when they talk non-sense. And for the record, Nicole Lapin is hotter than Becky
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    Lynx trading, Montreal

    Anyone got some info or insight on this firm? They are being aggressive in posting "traders wanted" ads these days...
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    newbie option questions

    there is a margin calculator on the cboe website: http://www.cboe.com/tradtool/mCalc/default.aspx You might get exercised but its not likely untill you get much closer to expiration or very deep ITM because that would forfeit all the time value component of the option.
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    Daily Hottie

    last for real <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2782758>
  19. H

    Daily Hottie

    ... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2782757>
  20. H

    Daily Hottie

    side boobs <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2782755>
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