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What is there to hint hint about. You are effectively saying that all pro firms that return capital inside of 1 year like Echo, Bright, are doing something illegal. Any counter from the above mentioned firms about this fairly strong statement.

Visited the NYBOT yesterday after not being there for 12 years. Saw Cotton go crazy called limit up in the AM but settled limit down! Trading frenzy shows how important locals are in adding liquidity since it looked like the locals were just stepping away due to the craziness. Trading was a lot...

Indextrader, What kind of trades do you consider not stupid.? Would doing this type of trading via options make better sense due to limited RR? Seems to make a little more sense than holding a single stock for a swing trade.

I don't think that is new. Previous discussions here mentioned that Sungard's primary interest was the platform/technology and not the "personel". They are after all a tech company not in the clearing business.

This book written by courtney smith is pretty decent.But it is out of print and could be gotten in ebay if you are lucky

Would anyone care to share their experience regarding transitioning from floor to screen or better yet vice versa. I am thinking of going to the NYBOt floor to trade the soft commodities. In addition to the nice hours (4 hrs. day) I think I may have a bigger edge than the screens. I've read a...

Here is a deep thought on long gamma for a long cal position... just to muddy the waters a little bit. Don't ya'lls think it is possible maybe in the ag options to be long cal and long gamma? Check this out what if July options is at 70 IV vols and August is at 45 vols. You can be short...

I see. I used to be a sheet monkey wherein I entertain all paper coming in regardless of position if puts me in at end of day. If I were to do it again ( thinking of cotton pit in NY nice hours 10-2). I would definitely be more discerning of my markets so if I want to put on A B C fly, I would...

Maverick nice post about calendars. In this day and age, can u still put flies on for credit? how by being a mkt maker and slowly reducing your cost basis as you trade around a core fly position? Thanks

uptrending stock hitting lower band caught me off guard too. i don't see it often enough. But I guess it could happen if the stock is in a mild trend OR keep in mind that the bands are keyed off of Ma so if the MA is big enough, you can have a minor retracement and hit the lower band . It could...

Let me start by saying that I am the biggest worrywart there is.. but there is 1 thing I simply refuse to worry about.. that I will lose my money in an SIPC retail account. If SIPC does'nt work nothing will. If my BD goes under, they will simply move the account to another BD clearing for that...

You can have a col in an excel spreadsheet that takes your position and figures out the delta and have it calcualte to the nearest 100 the hedge. Re: the BB touching the lower in an uptrend, I would think the program should consider the delta position as primary criteria for buying or selling...

uses sterling cobranded fsg

I don't think futures account are protected by any form of insurance other than the integrity of the clearing firm as well as the exchange for which the firm is a member of. I am not aware of any big blowups whrein cust lost $ in retail futures account. I think the exchange would cough up the $...

uptik do a search for Sheldon Natenberg as well as Larry McMillan. They have good basic option books.

Hi Keith. If you choose to reply privately, send me a PM by clicking on my handlename, else you'd be posting to the entire board.

Keith, I have a question about mkt maker haircut. In order for a trader to avail himself of that privelege, he has to take his capital and pool it with other traders subject to blowup risk like harbor, business failure risk like Worldco, correct? Is there another structure that threads a...

hi deaux. Futures options as in sp futures? any other narrower based futures options? and are they open outcry instead of elec? thanks

Don, would you use the tape of ibm options as a short term indicator of ibm if the option pits dominate the ibm action?

While we are in the subject of strangles. Do you think the strategy would apply to narrower base indices such as QQQ, SMH, PPH options? I would think the edge would be present there as well due to absence of natural sellers. Margin is probably less and the b/a spread is probably miniscule...