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Seriously, you say "it is a difference which we shall see if you can comprehend." to me, something clearly meant to denigrate my intelligence (it certainly wasn't intended as a kind word), and then ride your high horse as the poor victim of ad hominem attacks. Again, you're apparently blind to...

are you making a point. if so state it. I can certainly spell it out for you if you require it. The following are direct quotes from you on this thread and others: "it is about government money extortion, empire building and bragging rights" "it is money and ego with these people." "based upon...

Hence my confusion, because if you agree with cash and carry no arbitrage pricing isn't 2 totally incorrect (except for the minor exception I listed)?

instead of attacking the article or the subject you attack me.it is the old lawyer's trick. if you can't win on the facts or the law attack the integrity of your opponent. it show the stuff you are made off. Borrowed from another poster here but so apt I had to use it.

Then you should be a billionaire by now, IMHO! On a more serious note, what leads you to feel this is incorrect, it's something that can be easily demonstrated by formula compared with observation and no-one has shown it to be false yet.

Both of JackRab's comments are right on. One thing to add, the one time ES represents speculation on future prices is after hours when much of the underlying aren't trading. This may lead to the propagation of the myth in the OP's item 2 when you hear newscasters say something like "futures are...

To start with it would be helpful to understand that "It's pretty correlated with the S&P 500 but there are both a larger upside and downside" (which is what we call Beta in the finance industry) is mutually exclusive with "a better sharp ratio" (spelled Sharpe and usually capitalized, after...

Again it sounds like you have an issue with the law, but conflate that onto SEC staff. It's a fine distinction I know, but here in the U.S. only congress gets to pass laws. Agency staff can't make up laws, only enforce those passed by congress and signed by the President. And the SEC has staff...

"....obscure federal college savings plan." I was excited that maybe there was an actual obscure program I didn't know about when I read the headline, but not to be. I've known about 529 plans since before I had kids, I don't think there's anything "obscure" about them. If you do the math on the...

This article seems to be saying that if you're a big enough shareholder to get inside info on a company, then there's no problem if you trade on that insider info. That no mere mortals have because they're not rich enough. The insider trading laws may be written that way, if so it seems pretty...

It was up to him to accept or not. The settlement the SEC offers is based on what they perceive the strength of their case to be. If they perceive that they have a strong case, they offer him what he would perceive to be a poor deal so he would be more likely to opt to take it to trial. Less to...

So you believe he's innocent then and a GS-14 somewhere fabricated the whole thing for "bragging rights"? On what basis exactly?

I think you've moved from the area of established thought to one where lots of smart people have different opinions. Variance/volatility is the quick solution but it has lots of known issues, there are various other approaches that quickly get complicated and have their own issues. The variance...

So total layperson's explanation to the OP, let's say I offered you option A, which was a U.S. treasury yielding 5% and option B, which was an options strategy yielding 5% that consisted of selling naked OTM puts. It's obvious that the nearly risk-free Treasury return is not the same as the put...

A quick dive into the Sharpe Ratio (https://en.wikipedia.org/wiki/Sharpe_ratio) would probably help answer many of your questions. I'd also highly recommend one of the many free MOOC finance 101 courses, you can take one them from some of the best universities and their best professors and you...

I wouldn't count zero hedge as a reliable source for anything let alone to determine if a major bank is going to fail!

I stand corrected then! Thanks for providing such a detailed response.

It makes no sense to handle odd lots differently in this context right? If they're protecting against some phantom regulatory menace it would apply equally to round and odd lots.

Actually compensation of the insider isn't a element of the crime, so you're not alright.

If you have insider info and no-one knows an announcement is coming, you would profit from the increased volatility of the options. If it's a known announcement, the increased volatility will be priced in. You're betting that everyone who is selling those options didn't get the memo on the...