Search results

My play on this has been with rate reset prefs. With long-term rates on the rise here in Canada, these rate reset prefs have performed very well.

I'm unclear if these two points were meant to be tied together because low leverage is not synonymous with being flat delta. If you are using 50% of net liq for defined risk spreads, the amount of leverage you are using is a lot higher than you think. This is the wrong question to ask. My %...

Every trading decision should be made independent of one's current position in that underlying. If averaging down makes sense for all reasons (technical, fundamental, etc.) other than reducing cost basis--by all means average down. The market doesn't care what your unrealized P/L is in a given...

The subject heading in the email cracks me up--"Hello Daniel". I think Daniel is a prince of a small African country.

This comment is ignorant. If you're short one SPY straddle on a $100k account there is no risk of blow up. If you're long/short 5000 verticals with legs $2 ITM and $2 OTM there is a high risk of blowing up the same account despite being a defined risk trade. It's all about leverage and your...

On a side note, the game changer for an egg salad sandwich is cumin. Try it!

^ I actually like how bacon cooks in the microwave. Sandwich the strips between two pieces of paper towels on a plate and the bacon turns out nice and crispy.

Just an FYI, but it's the other way around.

No. Microwaves are in the middle of the electromagnetic spectrum between infrared light and radio/television waves. In this range of the spectrum (relatively long wavelength/low frequency), the oxygen-hydrogen bonds in water absorb this energy, are excited and heat up. Nothing less, nothing...

The NQ is at the lows it set during the one-day sell-off in May. I've lost a good chunk of my negative NQ/QQQ deltas over the past week. I believe the tech sell-off will continue and I'll likely add to my negative delta later in the week. The current divergence between the RUT/IWM and the...

Edge is to alpha as risk management is to sigma.

I'd be surprised if they didn't say this (or remain silent on the possibility). If they say otherwise and say a September hike is off the table, it would really back them into a corner and reduce any options available to them.

One has to wonder, for all those that are long now in the FANGs, TSLA, NVDA and others, what is their entry. Those that were long NVDA at $100, are they still in. Or are the ones holding the bag those that came in >$140. Similarly for those that were long TSLA at $300? Are they still in or...

Spreads can be setup on the mobile version of TWS. You have to first set them up on a watch list. I've done this on numerous occasions.

Not all opportunity costs are created equal but I agree that it should be a consideration into one's costs. I've left a six-figure job to be a stay-at-home dad for my three kids as my wife make an order of magnitude more than me. As a result, I'm not working because of trading therefore it's not...

I don't see how it's relevant to the discussion but IB always provides FYIs that options (both long and short) are expiring the Monday or Tuesday the week of expiry.

The liquidation did not occur because of the spread--it occurred due to the approaching expiry. There was plenty of margin to cover the spread, but not enough for assignment absent the exercise of the long call. The market value of the spread (or the box) is irrelevant. So given the AMZN...

I don't think this is accurate. Otherwise this assignment/exercise would not have happened.

I've been in the situation countless times where a spread expires ITM and each leg is exercised and assigned. The issue in this instance was that the long leg was ATM. If it expired OTM, I would have been in a situation of being short stock. As I wrote in the OP, I was going to close the...

This is the very premise of my point. /thread