Search results

Thanks Murray but I just make stuff up as I go along :eek: I'm sure many folks here are extremely grateful for your detailed treatment and documentation of your trading strategies, thought processes and positions over the months!

128 on the standard test. 140 on the "difficult" one :eek: I was more mentally prepared for the memory tests and the question format in general when I took the second test and happened to know most of the knowledge-based questions so results are obviously skewed. The memory questions are...

Have a look at futures options with SPAN and/or become a member of a JBO for market maker haircut. Either of these will result in less onerous margin requirements and potentially better risk management opportunities. Both topics have been discussed extensively on this thread so have a...

Yeah, you've said that a few times already :eek: Don't break your arm patting yourself on the back will you :D

That makes sense. The long and short calendars are counteracting against each other. As the short OCT options decay, the long calendar will gain deltas. The optimal place to be at OCT expiration has to be 1360 IMO. So the deltas will eventually start to reflect that. I see, that would...

That's a long OCT/NOV calendar + a short NOV/DEC calendar. The long calendar is long VEGA. The short calendar is short VEGA. Which one wins in the VEGA stakes? I'm guessing the short calendar. Ideal is for OCT expiration at 1360 with a volatility increase. Then close the long calendar...

PUT and CALL calendars are synthetically equivalent i.e. an ITM CALL calendar is an OTM PUT calendar where the same strike is used. The difference in pricing is due to cost of carry. Your CALL calendar will have a short ITM CALL in the front month which might be at risk of early...

October comes before November :)

As riskarb would put it: "thanks for the remedial lesson on fat tails". FYI, the post you quoted was not meant to be taken seriously (read: sarcasm) and was from some time last century. Your comments re: Salomon are consistent with a book I'm reading at the moment: Traders, Guns & Money...

You may wish to review this thread for ideas and thoughts on weeklies. The problem is the high gamma in these short term options + CBOE listed only = wide b/a spreads. Also, this post for musings on b/a spreads in expiration week. Weeklies are of course always in expiration week...

The "stark raving" setting provides conversation that is eerily similar to one or two ET personalities who shall remain nameless :D

I thought this day would never come...someone has something bad to say about ToS! (riskarb does not count). Their marketing department have too much time on their hands LOL. Luckily I have "banner blindness" so hadn't really paid enough attention to the ads before to be annoyed by them...

Doh! The secret is out :mad:

You might want to consider short strike that is ATM or even ITM. Then again, if you can nail market tops I can think of a few strategies that would make money... Good luck. MoMoney.

Now is possibly a good time to start scaling in IMO. MoMoney.

Do a Google for Sovereign Individual and Perpetual Traveler Welcome to a new world! :D Good luck. MoMoney

Baron got rid of them a while ago I believe :confused:

No problem. To be clear, legging into a box on a debit spread and legging out of the synthetic equivalent credit spread entails buying and selling the exact same options. It's not clear from your comments whether this was understood i.e. it should be no more hands on as far as closing the spread...

Even better. I doubt it, but thank you for providing a thread into which I can direct my verbal diarrhoea. BTW, that reminds me, where is cnms2 these days? If we keep this dialog up we'll be up to 10,000 posts in no time. We should take some lessons from this thread: How soon will...

No, your returns are already good enough! I've just spammed the SPX credit spread thread with your results. Should be a flood of new people any minute now...LOL.