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Hi guys, Instead of doing my homework, I thought I'd look on here for the cliff notes. I've looked pretty deeply at what's available from ICE/NYMEX/CME and picked a few favorites. And obviously, there's a huge difference between lumber and soybean. Anyways, for diversification...

IMO, the price action between the softs versus CME ags are very, very different. Not sure I believe one approach/setup could possibly apply to both markets.

Hi there, A few weeks/months back on this forum, there was a long discussion of early exercise of equity options. The conclusion was that early exercise should only happen if dividends are involved, ie dividends greater than residual value. But I just had some deep ITM puts in soybean oil...

Yep, that's generally true. Only concern you may have is pin risk when you're right around the strike, in case the options aren't exercised the way you expect... and that might mean you're left holding an unexpected long/short position in the underlying. I personally just accept pin risk...

Wait... when it says "equivalent" calls... is it possible it's not talking about the same strike? It's just looking at strikes that are, perhaps, equally OTM from current future price?

Hi, I don't deal in crude at all, although I do trade NYMEX heating oil. But I'm baffled by this report: http://www.bloomberg.com/apps/news?pid=20601109&sid=awiq7K1Ch3BU "Options granting the right to sell, or put, oil in December below current prices have a so-called implied...

Talked to Paul @ ICE market supervision / settlement. After some research, he confirmed all serial options (Nov/Dec/Jan) all have the March 10 future underlying.

I'm just not the kind of guy that can play golf every day for the next 40 years of my life. Not the way I was raised. Glad to say my wife is the same way. We'll be working, in some capacity, until... I don't know, maybe I'll retire when I have grand-kids in about 25 years.

Haha, sad truth is trading isn't the source of my income. Trading is just a "hobby" (hopeful career) that I've taken up after professional success elsewhere.

OptionsHouse.

Hi, I feel strongly that's the case... but I'd love to find some confirmation. Did you find this anywhere on the site? Only thing remotely relevant that I found is the statement Jan10 is the last Jan future option they plan on listing. ICE help desk is completely silent on this in...

Uh, Jim Simons launched Renaissance at 44.

Ken Griffin launched Citadel at 22. He actually started managing funds a few years before that.

My wife is 26, and we have two kids. She'd rather have more family time. And as it happens... for the past 5 years, I have made more every year over than she will make over the course of her career. Money is no longer a motivating factor.

32'ish is optimistic. The average age of medical school admits is something like 26. (Many have to do post-baccs to qualify; others work as EMTs, nurses, or anything else.) From there, it's 4 years of medical school, and then a minimum of 3 years of residency (for family practice). A...

Well, hell, you took the rather extreme case. When's the last time you saw a wildly successful poker player emerge for the first time at 20? How about 30? 40? Did age matter?

I don't think there's any difference between an 18 year old rookie trader, and a 38 year old rookie trader. I agree with the earlier comment about focusing on math/statistics... but that's just general life advice, not anything specific about trading. Frankly, a lot of 38 year old traders...

Just a follow up on this... looks like the answer is: stay on your toes. Cocoa expiration worked out okay. But my sugar options from yesterday... settlement price at pit close was slightly above 21.75, but it ultimately closed under that price later in the day. Of 8 contracts at 21.75...

Just noticed that there's basically zero volume in the Jan10 sugar futures. The spread is also insanely wide. I guess I won't bother asking why... But just to be clear, that means the November/December serial options are all based on the Jan underlying, yes? Actually... now I'm...

I just re-read it. I don't see any mention of the possibility that the strategy might intentionally be delaying the stop/target. For all we know, the backtesting tool he's playing with has a specific option for "same bar stop/target" that he hasn't enabled. There are a thousand different...