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  1. tommcginnis

    Is it going to be Friday morning or Sunday night?

    Agreed, but as to the last point, my now 2year-old trend triggers are a week into a short position, with no ability to trigger a buy-to-exit *or* a buy-to-enter order before EOD today (without popping a ridiculous amount, which I don't see happening). My hand is on the mouse though, and the...
  2. tommcginnis

    Is it time to go to cash? Ideas, Sentiment and timing thread.

    3400 on froth (but good earnings/fundamentals) was the time to get out. 3000 on fear (but good earnings/fundamentals, albeit with *some* *inkling* of hurt on earnings/fundamentals for a quarter or two...) is NOT the time to get out. It is the buying opportunity of 2020.
  3. tommcginnis

    Deep ITM covered calls

    Is this Jeopardy? Do we have to respond in the form of a question? Okay, I'll play: "Alex, what is a 71¢ max profit on a $22.40 purchase and a $7.11 call premium?" The rest of the numbers are irrelevant and will distract you. The only things that matter are the current price of the underlying...
  4. tommcginnis

    Deep ITM covered calls

    Way off: what if the stock goes to $20? To $10.87? To $0.00? What happens to your covered call investment, for each dollar it falls below [$32.58 - $6.40 = ] $26.18? Uh-ohhhhh. :confused: [stock purchase - call premium] Returning to QQQQ example, the website is wrong w/r/t a loss starting at...
  5. tommcginnis

    In America’s Richest Town, $500k a Year Is Now Below Average

    Holy COW! flummoxed! Joisey better'n we know! :wtf:
  6. tommcginnis

    Scaramucci: Quant Hedge Fund Strategies Have Been Hurt by Monetary Policy

    HEADLINE!!! "Market-wide risk mitigation by central banks diminishes returns of hedge fund risk mitigation strategies! and in other news... "Gravity pulls things down!" Jeez. Headline whores. :confused:
  7. tommcginnis

    CoVID-19 Vaccine!!

    Argh! I did not recognize Gilead Sciences GILD -- too much index time -- I was thinking GLD. :confused: Anyway, nice call on viru-sciences. :thumbsup::thumbsup: (Still, I might have my hand on the mouse, would the headline drop and GILD not be mentioned...!) ;)
  8. tommcginnis

    CoVID-19 Vaccine!!

    If the headline hit tomorrow, and gold fell 5% in a day, you'd certainly have made friends among all the shorts -- if that was your goal. :wtf::confused::(
  9. tommcginnis

    Simple starter Python programming or something off the shelf?

    You don't remember non-convex (flat) side-view mirrors?? And then, all the accidents with the "wide angle!" convex mirrors?? And then,..... "Objects in mirror may be closer than they appear." :D Jeeez. That aged me a few years just writing that.:rolleyes:
  10. tommcginnis

    Simple starter Python programming or something off the shelf?

    1) yes 2) there are 2-3 available online, including from IB. 3) IMO, shoot for trade *triggers* first. These don't depend on option market liquidity, allowing (demanding) you to respond with actual review/brainpower first. RPA/algo-trading with trends is nearly trivial. RPA/algo-trading...
  11. tommcginnis

    In America’s Richest Town, $500k a Year Is Now Below Average

    The surprise winner of the Richest Places per square mile? New Jersey. :wtf::wtf::wtf::confused::wtf::wtf::wtf:
  12. tommcginnis

    CoVID-19 Vaccine!!

    Doctors in The Vienna Institute For Viruletic Researches have announced their intention to release..... What are you going to do with that headline? Are your stops in place? There is way more right in world markets right now, than is wrong. This virus scare -- *worthy* as it is!! -- just...
  13. tommcginnis

    I wrote a bot and gave it 25k to trade

    :thumbsup: My reduction of "Let your winners run; cut your losers short." is "IN with a SHOUT; OUT with a WHISPER." This leads to lost (un-earned) profits in trend-continuation paths, but then it also invites further investigation for secondary trades (on completely unrelated triggers)...
  14. tommcginnis

    Directional call

    Another angle, then... Notice that as value of the option increases, the proportion of extrinsic value to intrinsic value shrinks in comparison, to the point where, deep-ITM, your analysis should include simply buying the underlying. (It then boils down to a leverage/risk question.)
  15. tommcginnis

    Directional call

    "Errrrrrm....!" :confused:
  16. tommcginnis

    I wrote a bot and gave it 25k to trade

    Sweet! Nice job. Nice {skeptical} approach to things. Looking forward to future reports. Just a guess, btw, but I'll bet your pick/algo is tremendously simple? Heh!
  17. tommcginnis

    Directional call

    "Timing is everything." (Well, maybe not everything, but in Option-land, it is certainly a goodly third of everything. So, whether you're buying a single call or are spreading it off [to lessen the cost], your profit will be a product of the market move *and* the days-to-expiration *and* the...
  18. tommcginnis

    Is anyone considering the possibility this Corona virus is an overhyped

    Informative: https://khn.org/morning-breakout/covid-19-is-more-contagious-than-its-coronavirus-brethren-but-its-not-as-fatal-on-a-case-by-case-basis/ Informative and funny...
  19. tommcginnis

    Is anyone considering the possibility this Corona virus is an overhyped

    Very fair observation, until you consider the really scary part of CoVID-19: it's incubation includes a period of transmissability. Thus, you can transmit the virus without actually showing ANY symptoms. That skews the eventual impact away from just "How deadly is this?" -- it's...
  20. tommcginnis

    Position on Upcoming Election - Political Control of the Economy

    Tufte rocks. It's now a goodly 40 years since his political economy work, and it not only remains as required reading, it's but one facet of Tufte's output. A personal hero of mine. https://en.wikipedia.org/wiki/Edward_Tufte OH YEAH! THE TOPIC... Ehhhhh. (Thinking thinking thinking) In the...
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