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If not negative gamma scalping, perhaps you'd prefer the terminology: "theta scalping." :) Delta-neutral "theta scalping" entails losing money on the scalps in exchange for gaining decay on the position. Money is made if implied is greater than realized vol at expiration i.e. the opposite of...

Appears to be contagious.

More importantly, I should start a poll on whether it is better to use indexes or indices.

Yet more crazy talk. IMO there are only a handful of contributors to this thread so it's difficult to arrive at any conclusion with respect to consensus. The vast majority are (semi-affectionately) leechers/lurkers :D I'm sure someone will answer this for you but IMO it's better to be...

That's just crazy talk.

:confused: You can use a multiplier of $68,000,000 per point if you like; me thinks it doesn't change the net debit of 0.80 for the adjustment. Relax, you still obtained the short fly for less than fair value (difference to market is equal to PnL on your long 1360 CALLs). The question is...

Doh!

FWIW, if I'm anywhere near the sweet spot of a calendar in the last week, I take it. Bird in the hand mentality I suppose and/or past experiences. The PnL can drop off quite quickly waiting for the last few days of theta. Similar with flies.

The ToS platform is not suitable for day trading futures IMO though it depends how heavy your trading will be. With Interactive Brokers you have the choice of multiple third-party front-ends which are designed and built for day trading and scalping etc. They aren't X Trader but there are some...

No need to keep a log or link back. My humble opinion is that most folks only hear things when they are ready and that's largely only when it's directly applicable to their current situation. That will be different times for different people. Be prepared to re-type everything again multiple...

Funny, but wouldn't work :D

Superb bottom call.

That article is 2 years old. Things have moved on since then: http://pantagraph.com/articles/2006/04/29/news/doc44529b9ca9c3e326281643.txt http://159.54.227.3/apps/pbcs.dll/article?AID=/20060821/NEWS/608210332 3.6 gallons a day per pig. 3 units of energy out for every 1 unit in. The...

Yes, it was started by the same muppet about 3 minutes later: http://www.elitetrader.com/vb/showthread.php?s=&threadid=77195

IIRC, different indexes have different haircuts most likely as a function of volatility so you'll need to specify an exact index. For individual equities I believe you look up and down 15% for combined positions (underlying and options) for worst case scenario to determine max risk and that...

This thread has redeemed itself by providing outstanding comedy value! The OP is looking for a broker who supports vanilla forex options with OTC conventions (1 day expiration) The usual suspects like www.alaronfx.com and www.saxobank.com etc. apply for vanilla options. Not sure if OTC...

Did you try Google? "Nuts are seeds of certain trees. Botanically, nuts are classified as fruits, because they develop from pollinated flowers" http://www.fruitarian.com/ag/Varieties_of_fruits.htm

I'm guessing you didn't fare too well on the observational questions :D

You may want to re-evaluate your understanding of price/IV. A cursory read of the first few chapters of Option Volatility & Pricing by Sheldon Natenburg (actually, Chapters 3,4,5,18) should clear most things up. Good luck! MoMoney

Traders, Guns & Money also covers LTCM as well as many other trading disasters. Very funny IMO. Will have you scrambling for PUTs :eek: