Search results

  1. M

    Attention Option Traders

    Any decent options broker should have it. Otherwise, the best value for money is Hoadley.
  2. M

    help

    With a US broker you need a minimum of 25K to daytrade stocks and options due to the Pattern Day Trader rule. Futures don't have such a requirement, but you still need a couple of thousand to be able to execute a reasonable risk management plan.
  3. M

    SPX options - Dividends

    Yes, most likely it is the effect of dividends (your link doesn't work). No, SPX options are not adjusted for dividends.
  4. M

    Brokers and filling illegal orders

    As I said, I'm not claiming to be 100% certain, I've never placed marketable limit orders that would be way above the NBBO. It's probably true that if you are way off the NBBO then the order will be rejected, but not if you are within a certain %. From 14 to 16 doesn't seem like a big deal, but...
  5. M

    Name of this strategy and risk, please

    A fall in implied volatility.
  6. M

    a short call ladder

    I'd say that since you are gamma scalping you want max gamma and to get that you need ATM.
  7. M

    a short call ladder

    For the very simple reason that the short 35 call will be more ITM. Forget about the long 45 call for a minute, and what you are left with is a 35/40 short call vertical, which has a max loss above the long call strike and a max profit below the short call strike.
  8. M

    Am I reading Zumo comissions correct?

    Futures accounts do not fall under SIPC, only stocks and options do. Segregation is the protection for futures accounts.
  9. M

    a short call ladder

    Max loss is between 40 and 45, not 35 and 40.
  10. M

    a short call ladder

    My point exactly.
  11. M

    a short call ladder

    The fact that lines are smooth tells me that it's not at expiration. Besides, I don't need a graph to know what the position is and what the risks are.
  12. M

    a short call ladder

    I love these "sure wins"! What you have is a short call vertical with an extra OTM long call. Your maximum loss at expiry occures if the stock is between the two long strikes (40 and 45). Sure it looks like a "sure win" right now, but as the time progresses the loss in the middle will be...
  13. M

    Brokers and filling illegal orders

    I did look at the link, but it's not all that clear what that rule is designed to do and in which case (I don't know, maybe I'm just too dumb to understand the rules). Link or no link, I stand by what I've written. However, I'm not claiming to be the most knowledgable guy on the planet so if...
  14. M

    any better way to do this

    If you buy two puts at 59 then you end up with a simple put vertical.
  15. M

    Early exercise in physical commodity

    First of all, DO NOT assume that someone just threw away $30. If they exercised then there was a good reason for this. I'm no expert in commodity options, but the logic tells me that the principle is pretty much the same - if one is cheaper than the other then you go with the cheaper one.
  16. M

    Brokers and filling illegal orders

    If the ask is 14 and you send a buy limit at 16 then your order is a marketable limit order and will be filled at 14. If your size is greater than that available at 14 then you will move up the book until you are filled or hit 16. While I'm no expert in technology underlying the exchange, my...
  17. M

    Finally, leveraged ETFs are preferable to margin, for long term?

    In simple terms they track the daily percentage changes of the corresponding index. This means that over the long term (more than 1 day) their performance depends on the exact path the index takes. In other words, you can easily end up with a loss after a few days even though the index itself...
  18. M

    Source that gives discreet div amounts and dates out four years

    Bloomberg professional has a forecast on the dividends, from what I can tell, 3 years into the future. I'm not aware of any other source.
  19. M

    Selling Calendars and Diagonals

    The reason is that when you go long the front month and short the back month, the back month short is considered naked as it expires after the long one.
  20. M

    Brokers and filling illegal orders

    I suggest you really educate yourself on the type of orders and how they work before making the next trade. Otherwise, you'll be screaming foul the next time you use a market order and get 10% slippage.
Back
Top