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I heard another broker was eliminating commissions today - at least on certain products. I wonder if IB is having these discussions given the current trend. I also wonder if they are losing accounts to the folks that have dropped commissions. Even though commissions tend to be a smaller...

GFIS = Generating Funds Instead of Satisfaction.

I read a sentence like this and it comforts me. These are the opportunities created by this new technology.

Just because the "price moved from 7 to 83" in 19 seconds doesn't mean the fair value (or market) moved that far. The guy in the lawsuit is pissed not only that he was liquidated, but that the fills were so awful. It's certainly possible that an option TRANSACTION PRICE went from 7 to 83 just...

I think you are confusing the actual (fair value) price with the posted bid/ask spread. Both sides back away all the time, not just during flash crashes. During big employment numbers, scheduled Fed announcements, you see both sides lift for seconds at a time. It's very easy to see how an ill...

As many of you know, options can get super wide in a fast market. I looked at the data for 8/24/15 and the SP was down 100 points (about 5%) at one point, so obviously his short puts were getting hammered. When these automated liquidation algorithms start running, they just dump market orders...

I think he's gone.

All of this can be easily fixed when the right folks have the proper motivations. Right now there is little incentive for action. That is starting to change.

Although he's getting closer, he still doesn't address WHY all of these things are happening. Sure the public schools suck and the wealth gaps are bigger than ever, but really and truly - WHY? There are many issues in this world that get solved with something that seems counterintuitive...

Hopefully this effort will stall, but every time I hear it this is the way it makes me feel...

I trade these as well. My knowledge of the greeks and intricacies of the modeling of these positions is on a caveman level compared to des, so we'll wait for him on that front. In a market like we have today - relatively calm - these spreads can give you a good bit of exposure and profit range...

Looks like the answer is "yes" in this case.

The screen shot says the avg price is 2659.55 and it's 2655 now.

Once you get above $5.00 for the price, IB only supports .25 (cent) increments. In the case above, -39.50 or -39.75 would be accepted.

The SP was down 400 points so far this month. We're at 2400. What are we going to keep doing for years? By my math 6 more months and we're at zero.

The media does exacerbate all of it. I love watching the talking heads brag about how they had this. Just once on Power Lunch I'd love to hear one of these guys say "Yeah I added some longs on that one this AM and had to bail an hour ago because I got my ass handed to me". The media has to...

I've always felt like the VIX inherently took care of premiums when markets get volatile. I feel like that has NOT been the case the last few weeks. It's been strange, we're just now hitting 30 on the VIX but the daily downward push has cumulatively felt like we should be getting a bit more...

Some of you may be confusing economics with the level of the market. Powell says they are data dependent. That's pretty much it. Williams came out today to tell everyone again - in smaller words I guess - what that means. The Fed only cares about market levels to the extent that it affects...

The best indicator out there for a bottom is me going short. It hasn't happened yet, so we still have a ways to go. When I take a position, someone somewhere rings a bell and everyone shits all over it.

The shutdown isn't much. It was a regular thing for a while. I guess we're going to do it again now. The rate hike could get very interesting, either from the language or them holding steady. We can blow through a few hundred Dow points in a few minutes on nothing these days, so some real...