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The ES will already be open. Similar to Brexit, I think a binary event like an election can be managed through the night. The ES didn't gap down--it was a drop over a few hours until it hit limit. If Trump is elected, I would imagine the drop will be of a similar character. 15 minute bars:

This is my youtube channel. I haven't made any videos this season as I'm currently out with a broken finger.

No shit. That's why I asked the question tongue in cheek. I overestimated your abilities to see through the sarcasm. By your logic on never being short naked puts, you would never be straight long the underlying.

What hogwash. I would welcome early assignment--eliminates extrinsic value. Are covered calls ok in your opinion?

NFLX calendar was a dud. Closed for a nickel yesterday. IBM put ratio worked well which I closed today for a little profit. Opened up a couple of short straddles on AXP and EBAY for tonight.

Be careful with this. This is true to only a certain extent with small moves in volatility. If the bottom falls out of the market, the calendars won't help offset the volatility expansion of the rest of the portfolio. This makes the calendars' contribution to portfolio vega a little...

This doesn't make any sense.

The next couple of weeks are going to be busy earnings weeks. Last quarter was a great earnings season for those that employ neutral strategies. We'll see how this quarter fares. NFLX and IBM report tonight. I've initiated a long calendar (Oct21/28 100 call) on NFLX and a short put ratio...

Bobby--from what I can see from your log, you're currently short 6 puts and 12 calls. This seems a little aggressive at first blush given a $184k NL while 6 contracts represents ~$640k in notional. I would reduce sizing to 4 x 8. To maintain your theta, you could be more aggressive with your...

Further to the above post, my monthly commissions average $460. I would think prop costs would be higher given desk/data fees, despite lower variable costs.

Which part--the cost part? I only trade 80-100 legs per month so I'd be surprised if I can trade cheaper, all costs considered.

Heh. Our family vacations involve weekends at WEM. :) We're cheap. Agree, Alberta isn't the scene, but being from Toronto, the large metros aren't that much better. I think there are limited options on the prop front in Canada.

I'm assuming you're based out of Canada. Where abouts? I'm in Calgary and find myself in a similar position, however my situation may have more flexibility. I'm 37 and my wife is 33. Our family net worth is in the mid 7-figures. I’m in middle management and she’s a sub-specialist physician...

I'm not hiding from anything. I see P/L as an output from one's setups--not an input. Decision inputs should be chart patterns, market indicators and portfolio Greeks that are completely independent to P/L. The market doesn't care if you're up money or not. Maybe I'll put the question...

You can use your T5008 issued by the broker and just back out positions carried into the next calendar year. This should get you close to the right number for capital gains/losses. You can report some fees and interest on your line 221.

Does anyone hide or not look at their P&L during the trading day? I've been finding that it is beneficial for me not to look at the day's P&L as it prevents me from over-trading or over-adjusting. If one's process/mechanics are sound, the P&L should take care of itself. I'm curious to hear...

I just bought a November 100/105 call spread for $2.45 while BABA was trading at $102.80. It's now $103.35 and the spread is still 2.40@2.60. I'm trying to reconcile the lack of put-side skew on this. Anyone have thoughts? Also, this suggests earnings coming out on October 25, but the weekly...

Would it discourage excessive exposure without disallowing it outright?

Allow me to provide an Alberta perspective. I'm in the top income bracket and have an average (not marginal) tax rate of 32% which includes my contribution to the Canada Pension Plan and employment insurance My house is valued at $800k and I pay ~$4000 in property taxes for education...

Actually, no. It is well known that BRK accumulates cash flow to the top of the house and redistributes cash to its subsidiaries that require capital. These transfers do not trigger a taxable event. What? Stock splits do not trigger/avoid a taxable event. I'm not clear what the columnist is...