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Dude I am completely on your side. I looked at the 2010 budget and 44% of the Greek budget comes from borrowings. This is called a bankrupt state! Greece needs to collapse...

If I am not mistaken Germany is not reluctant to approach the IMF. Greece on the other hand is... Why? Easy more austerity measures... The Greeks are not ready for the real harsh measures. The reason why I think the Europeans want the IMF in this deal is because they want the...

That is my conclusion... I have studied 300 years of financial history and want to know one common aspect? They all blew up because they ran out of money. Sounds like duh, but actually quite interesting. What this means is that if you have the cash to go through any s**t storm you have...

And here is where I think people don't get it... OTC stuff on exchanges? Good idea! I know I have worked on OTC stuff and seen the volumes there. Dark pools? Why not! What is to stop me from going to an individual and saying, "hey you know those 10 gazilion shares of company X, how about...

The EU is a trade bloc between a number of European countries. It came out of the brainchild by France and Germany, but was trumpeted by Churchill himself. (Google it...) The EURO is an extension of the EU. It is the natural progression of an economic block. The EURO had to have the support...

I beg to disagree here. On some options it is better to sell naked than sell via a spread. For a large number of the Options on Futures like currencies, and commodities trying to do spreads is very difficult to get any decent price. So yes naked options require more margin, but in many cases...

I know from IB that you need a minimum of 100,000 in your account to qualify for the SPAN portfolio margining. Less than that and you do not get it.

I dislike puts on indicies. They are a rough ride... Their risk to reward tend to be quite crappy. Though I tend not to sell puts on individual stocks unless I want to buy them.

I have dealt with people who don't get this. It is stunning that more people don't get it.

Funny how you write this... I completely and whole heartedly agree. Short gamma is a dangerous business. When I explain it to people I say the real problem with short gamma is that you have to act first. For example, say I am short a stock and it moves against me 10 points, then I am 10...

Actually the last couple of cycles have been cruel... I did the maths, and this cycle (expiring tomorrow) basically screwed you up and down, left and right. I made a profit this cycle, but very very little (1.0%) and this next cycle I am tending around 1.5%. The only thing that saved my...

On 2 that is only reg-t that does that. When I have portfolio it does not take that into account. I always thought it strange that a margin increased when the option credit value was added. Maintenance margin required, if you use IB you already have that today. From an IB client perspective...

Since we are pulling up numbers... I sell options, and I am a contrarian. I use the two to make money since right now on my radar there are only 2 contrarian stocks. So I did the numbers on option writing, and the reality is that the example you pulled up is an example of how not to do it...

Ok understood...

I looked at their website and could not find the built in butterfly strategy. There were others, but let's ignore that and take things as per you say it is. Namely that they have a magic price for the butterfly. Thus to hedge their position they would have to replicate the strategy, meaning they...

Ok, fair enough, but then the CME has play permutations combinations... You can't avoid the permutations and combinations game. Hence you can't put it on the order book since you don't know what the pricing will be. My question is why does your strategy require that the order appear on the...

You have to remember that your order cannot be easily be submitted especially with odd products. Think about it as follows: I have the number 10, what are the 3 numbers that can be used to add to 10? 3+3+4=10 1+2+7=10 2+1+7=10 ... It becomes a permutations game. So now let's say I...

The American market fees are 10 USD a month if you are under 30 USD in commissions. Though you will need to pay 2 USD for Market Data Express which has the SPX, NDX if I am not mistaken. To take advantage of the IB portfolio margin you will need at least 100K in your account. Below that it is...

Wow yet another grand assumption... Yeah I am Canadian, but I have been living the last 16 years in Europe. With 11 of them in Switzerland. You know Switzerland, a country that has direct democracy, low taxes, completely private health care, and we know how to manage our money. After all the...

Interesting bring in a red herring argument to make a point on something else... The problem has nothing to do with socialism. The problem is that incomes are not enough to allow people to pay for housing. Thus they have to rent as they cannot afford more. This is what is happening to...