Search results

I like the idea, but 50% fee?

See attached chart. We are referring to financial swaps that settle against the power prices. Low that day in PJM was in the neighborhood of $107/mw , and we topped out around $300/mw. The multiplier on this contract is $800, therefore, just buying one contract could've yielded $150k...

Limerick did go down over the weekend, but it was the perfect storm. I think alot of people doubted how high it would go. We had alot of hype in the previous week, and it was a non-event for the most part. Some poor guy sold $57s for Tuesday cin over the holiday. Ouch.

Got flat @ $170, still a great day. I was thrilled when we went to $999... Been such a long time since I saw that... Gotta love it when PJM stops giving LMPs on a day like that...

Agreed. The people that think they'll get relief from the SPR are the same people that think that they're among the elite. Time will show they are in for a rude awakening.

Futures markets offer TAS contracts (trading at settlement). Equities offer opening/closing crosses.

http://www-csfi.sigmath.es.osaka-u.ac.jp/structure/activity/vxj.php

Circumstances Under Which ICAP May Act as Principal and its Handling of Any Resulting Positions Because ICAP acts as a broker, it is the beneficiary of a waiver of certain capital requirements to which it would otherwise be subject under the supervision of the UK Financial Services Authority...

No, but the unmanned drones that DHS uses to enforce this Orwellian nightmare are discussed on his show.

Agreed, Gulf spill info was all wrong. Other calls have been spot on. Yes, the dollar will weaken, but this is the big one. He's not just saying the dollar will weaken, it will be replaced.

Looking forward to the interview he's doing today. Do you have the some of his previous calls documented? I was able to confirm the drop from 150 to 50, but not the run up before. You have any info on this?

96.57 now, 98.48 was the high

Nice call. Wish I had seen it before the close. I remember your last one was solid as well.

Agreed. The vix did not go up 1900%. Ercot did.

Fin power is the way to go. Unfortunately it doesn't power homes. Every incremental MW will be equivalent to another in regards to price received if there are no constraints. All units will receive the same price in an unconstrained market +/- a (typically) small amount for line loss.

No on trading with IB. ICE, Nymex, and Nodal Exchange offer them. You use WebIce, TT or Ice Mobile for ice. Nymex a broker has to put them in, no one does anything on the screen, and nodal runs an ISO like auction. You need some deep pockets to play. Margin on Ercot is around 50k for 1...

The most volatile commodity that exists.

Putting my money where my mouth is. See attached image. Long the following: CLZ1 145c @ .64 CLZ2 110c @ 5.15 CLZ2 130c @ 4.05 This is an inflation/collapse trade. I believe we will see $150+ crude in 2011. A majority of my trades are for CLZ2. Room to be wrong. If it doesn't happen...

Was going to buy 800's but we got a call saying we were about to lose power.... FML...

Perhaps reduced volume in the u/l stocks made them easier to open and thus generate the settlement values more quickly?