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Well yes, but he also has to understand value for price: is the iv of the option - which is how the option is going to be priced in relation to the time left to expiry - high in relation to historical vol? Is the reason for that a good one or a bad one? That's a judgment call, and a tough one...

Mixed nuts spillin' out all over the floor. Sheesh. Anyways, think of it like this: if it happens, you won't know about it anyway. Kinda like an Englishman during the V-2 thingie in WWII (the whole point of Gravity's Rainbow): if you were the one, you never knew it since those things were...

Kay: Did he say anything to you? James Edwards: Yeah, that the world is coming to an end. Kay: Did he say when?

Looks to be more a bet on oil shale extraction. Between that and ng from shale it might be a good bet; lots of hydrocarbons coming on the market that weren't projected just a short time ago. Even with economic expansion you could see falling prices as a result.

On most days I wonder about the "Elite" in Elite Trader. It's threads like this that make me wonder. No offense to Tsing Tao, who has ably put forth his view of the world. The bottomless ignorance of Keynes is what is to blame for his ease in batting away his opponents. Let's quote from a guy...

The single most effective thing the US could do is to eliminate all subsidies for the purchase of a house. That would mean the mortgage interest deduction, the property tax deduction, the closing down of Fannie Mae, Freddie Mac, and the FHLB, the elimination of FHA loans, and probably some...

LBOs are always crap: they use the assets of the firm to make the firm pay off the owners who encumbered those assets with debt so they could buy it. So no matter what some portion of the money the firm used to be able to use to make investments in its future is now used for the completely...

Apparently I didn't make myself clear. So: Private equity or LBOs is classic "Ponzi finance" or "speculative finance", depending on how bad the deal is for the hapless people who have to generate the money to service the debt, otherwise known as employees. To quote: [/b] LBOs make...

Hmm. You might want to observe what happens before you come to a conclusion. Starting from the conclusion is a bit upside down.

Smelly pants?

Possibly the most (un?)intentionally hilarious phrase ever posted on ET. A sure tipoff that this just has to be parody. I think I'll be repeating this one as I go to sleep tonight. Cannot make this stuff up...

Heh. Just like over here, remember The Great Moderation? Difference is over there there'll be massive rivers of blood when it really does happen. I'm targeting sometime around 2020 for the big one, margin of error about three years on either side of that.

FT is it. I've made serious money from following their advice (you have to take some time to read most of it to find the nuggets, and since most people don't have that kind of patience, it constitutes an edge all by itself) from time to time, and in between big payoffs, John Dizard can be...

Those spreads have never been equal. Don't know why, don't care. You get an order of magnitude more bang for the buck on the SPX, so worrying about a doubling, proportionately, in the spreads is just being cheap. Or, you get what you pay for. As always. *PS: ES options, for whatever reason...

Yes, but when?

Two things are true: - Obama is smart as a whip. - Romney made all his money legally. In Obama's case, everyone knows he's not really honest, as in, they know he very carefully laid out each step in his career so as to promote himself on his way to the next step, in a logical progression...

It's called divide & conquer. If you can get the plebes to agree with you to destroy the guv, you've got em by the short & curlies: democracy, where everyone is equal, is the powerful's worst enemy, which is why you see the duped wannabees that infest this place railing against it. One of these...

The only quibble I have with the above is that Trade2Win is dominated by Brits. It's a different kind of English, quaint sounding, really, but it is English. I suspect Forexfactory might have a few more folks from non-English places, just because of its subject matter.

He could use something for his gums. Would make him...cuddlier.

The political game is played thusly: no one gives a hoot about the academic transcripts. Outside of here on ET I have never heard that one mentioned (cue the usual whine about the "Lamestream Media" right about here). Fast and furious? Only important to the folks who were agin' Messicans to...