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This got me thinking. Maybe I am already paying the interest rate on the futures contract and I am no better off. USDCAD Future = Spot* (1+(R quote *(d/360))/(1+(R base *(d/360))

I just got off the phone with IB. If I do not do the conversion. I end up paying interrest on the USD borrowed to trade. If I am mostly trading us equities, it makes sense to do the conversion

Interresting! When I funded my account over a year ago they said I needed it! I have never changed it since. I have been rolling MCD (mini CAD futures) contracts every 3 months! I'll have to double check with them tommorrow

Hello everyone, I have a few questions about margin. I am a bit embarrassed to ask such basic questions but not knowing will cost me down the road. Since I have started trading I have never run out of margin/excess liquidity but I am looking to deploy a new strategy that will need full...

Awful. I closed the 41/51 vertical for $8.20 Loss of 4.05 on on the trade

Our friend changed his name! I guess he read this thread. I forgot to check his opinion today before entering the PLAY trade. This one cost me. I remember early on in my earnings journey reading a stat - the number of companies that announce on a given day is negatively correlated with...

Its not rigged. The market makers have a fair value price for the option say it's $5.00. She then sets her Bid at 4.50 and Ask at 5.50. This is because someone with more information might come along and buy/sell those options from the market maker. She needs to incorporate a margin of safety...

Interresting. I will go back and read what happened to CASY and post what I find. Unfortunately these moves come with the earnings game. It sucks when they are grouped together (MTN, CASY, PLAY). During earning season we can spread the risk more so these big moves dont impact our PnL as much.

Short the 41/51 51/61 PLAY Fly for $4.15 Cr. Edit* :vomit::vomit::vomit::vomit::vomit:

PLAY is on June11. They just confirmed. Screener will update on next update cycle. Nice job on LZB. What was your reasoning for going long this? If the edge is there, you want to look risk right in the face. The problem with these earnings trades is it's hard to scale. Anyone of them could be...

Did this trade work out? It seems like the 55 straddle price was hovering around the $5 range all day. Looks like it's dow $1.50 from yesterday close

First off these guys are doing what they love and making millions doing it. You should be learning from them. They took your money didn't they? Secondly and I will probrably only say this once, trading is a very easy gig. You come up with a strategy that works and you milk it until it does not...

I'll send you a pm about this.

@oldmonk might be able to answer this one. He's pretty good with running back test regarding earnings events. Like you already mentioned. These massive spikes in the first 2 minutes are not that common. MTN wen't from 227 to 245 in 4 min! We got unlucky today. MTN is now sub $230. On another...

This is the stuff @oldmonk has nightmares about! 5% spike on the first bar with no liquidity! Im out, talk to you guys later tonight.

@Magic are you still holding? Its really coming in now! $235! I closed way to early $232. You got to be kidding me! smh

Out! Small loss

I cant believe this thing moved $20 intraday.

MTN is pushing hard! I am going to wait this one out. Still holding

Right. If you look here on MTN, the red line is what the green line (implied vol) will fall to after earnings. At 9.45 see if atm implied vol is roughly 34% (red line for 10 days out). Using forward vol without additional filtering as the diffuse vol is not ideal for a few reasons. But the...