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  1. M

    SPX Credit Spread Trader

    :eek: have you looked at the CME website?
  2. M

    Vertical Spreads for Aggressive Growth

    50% probability of doubling your money. Perceived higher probability if you lend credence to any TA that led you to take this position. Not that bonehead IMO :) You're slowly moving towards one particular logical conclusion. Personally, I find it difficult to justify positions where you can...
  3. M

    The Chronicles of Rennick

    LOL. Easy tiger(s)! The morning call only has about a 65% win rate. The closing trend call has about 75% IIRC. There's definitely room for improvement technology-wise, especially as far as timeliness of delivery is concerned. You might want to cast your eye over the recommended...
  4. M

    Snakes on a Plane

    The best worst movie I've seen in a long time. So ridiculously bad in every respect that you have no choice but to laugh all the way through. Classic. Indeed, a total triumph of hype. Completely preposterous. "Time is tissue". MoMoney.
  5. M

    What to do when you have access to inside news?

    Doh! Have to now go and buy a hat so I can eat it.
  6. M

    What to do when you have access to inside news?

    LMAO. Given past posts, timing, a little bit of investigative work, there is a 99% probability that the company in question is SNDK...and it was already traded. If it's not SNDK, I'll eat my hat :D qll: Time for a new handle, new IP, new ISP, new hard drive, new country of residence, new...
  7. M

    What to do when you have access to inside news?

    You could share it with me in exchange for not reporting you :D Better duck from the barrage of (not so friendly) responses about to come your way...:eek:
  8. M

    When do IPOs start trading?

    LOL. When you revived this 4 year old thread yesterday you perhaps didn't notice that DeeMan hasn't posted on ET for over 4 years! I'm not convinced that you will get a timely response :D Good luck anyway! MoMoney.
  9. M

    Snakes on a Plane

    Actually, I do think it is a stroke of genius. Anyone going to see this movie has their expectations adjusted (lowered) by the title making it hard to be dissapointed. User reviews seem to confirm: http://www.rottentomatoes.com/m/snakes_on_a_plane/reviews_users.php Wreaking. MoMoney.
  10. M

    SPX Credit Spread Trader

    Settlement procedures are a known risk when getting into the trade and one can argue that you get compensated accordingly for that risk e.g. higher premium. Blowing up on settlement procedures is completely avoidable IMO. Technically, it's not Friday's open in case anyone was under that...
  11. M

    SPX Credit Spread Trader

    As Murray would say, the best article is in your head. Probably more has been written on ET about calendars than you'll find in any book/article. Start with ET search. The archives are a genuine gold mine. There is also the Calendar Spreads thread. Then there's a little known tool...
  12. M

    The Chronicles of Rennick

    FWIW, The 2.30 counter-trend call was all Rennick. The ball didn't give that. Good call. MoMoney.
  13. M

    Spyware found in MB trading Sotware

    LMAO. Where are you getting the install from and are you using the same one over and over again? Doing the same thing over and over again and expecting a different result is the definition of....persistent? FWIW, CommonName is Adware not Spyware. It makes zero sense for MB to be party to...
  14. M

    Bidu about to tank down below $80

    FWIW, assuming one to one ratio you've synthetically bought PUTs at the CALL strike price with more transaction costs than the natural.
  15. M

    My 1st Real $ Calendar Spreads: smart? dumb? opinions?...

    Yes, the long side will be worth more when it goes ITM but it doesn't move as fast as the short side i.e. the short side loses faster than the long gains because the short month has much higher GAMMA. The strategy you refer to is similar to a covered call but with the LEAP only at 50 deltas...
  16. M

    The Chronicles of Rennick

    Rennick has stated multiple times that 1) He is relaying calls from a service 2) He has permission to do so 3) He is adding his own spin on the calls when/where appropriate and most importantly 4) He is not allowed to post the name of the site as it is against ET policy. Hence the "Chrystal...
  17. M

    SPX Credit Spread Trader

    From a roll perspective, if you had a CALL diagonal you would have a better chance of being able to play at least one side of the market. With your PUT diagonal, it's very possible you could end up being left with a long leg that quietly fades away into nothingness next month! It's...
  18. M

    SPX Credit Spread Trader

    Nothing wrong with that. If in the short-term there is activity that favors your spread then you can opt to take profits accordingly! However, I understand this position was being used to test the efficacy of multiple rolls. In that case, it's important to understand under what circumstances...
  19. M

    SPX Credit Spread Trader

    Yes, the max risk on the fly is the debit paid for it (synthetically or otherwise). It's strange but true. It's like buying an option: you can't lose more than the debit paid. The break-even points would be very slightly >1260 and <1280 due to the $0.20 debit.
  20. M

    SPX Credit Spread Trader

    That's why I favor the market neutral double diagonals from a margin perspective. Importantly, also from a delta perspective; the two diagonals balance each other out. You need to be moderately bullish through to December for the diagonal you have placed to be successful. I don't know if that...
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