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Actually almost all of this information is incorrect, and frankly you're doing everyone a disservice spouting off about things which you clearly don't know anything about and for which you provide no references (on your "first" post no less!). I run a company that has employees in only one state...

Or they're individuals doing the job they're paid to do, something I'd think even a gubmn't hater would appreciate?

Plus, as the article states it appears the "suspicious" trades were part of an iron condor which isn't what you'd do if you knew about a surprise acquisition. The SEC may miss a lot but they do a heck of a lot of successful prosecutions of people who make a killing on options the day before an...

It strikes me (no pun intended) that we may be talking about different phenomenon. My definition of pin risk is something like this from Investopedia: "DEFINITION of 'Pin Risk' A risk that the writer of an options or futures contract faces when the price of the underlying asset closes at or very...

I get that, but I don't think there's ever been a situation where the settlement is nondeterministic. The pin risk isn't that the answer is unknowable, it's that you can't know it in time to do anything about it if you plan on hedging or trying to be flat.

The answer is no retail brokers offer them, at least CBOE couldn't tell me any that did and volume reflects that. Nadex and Cantor Exchange are the only CFTC regulated binary exchanges that a retail investor can realistically access, and Cantor only offer forex while Nadex does offer S&P500 but...

Why would you be concerned with pin risk on cash settlement?

I may be missing your point, but the E-mini still "Delivers into one quarterly E-mini S&P 500 futures contract" per CME. My understanding of pin risk, it is the risk that an option you thought would settle out of the money settles in the money or vice versa. In the case of the E-mini, it means...

Thank you for that well reasoned, intelligent post. You really bring the level of discourse on this forum to a new level.

Far too few mea culpas around here, my respect for you just went up.

Actually there's a body of research that abortion decreased crime (see http://freakonomics.com/2005/05/15/abortion-and-crime-who-should-you-believe/ for some links and arguments on both sides). Would be interested to see the body of work that makes you think it hurt the economy, or is that just...

You would need to register as a foreign corp in GA and whatever other local registrations they have. This can be a PITA since it involves annual attestations/reports/franchise taxes. In general you have to register as a foreign corp if you're doing business in another state, but some states do...

For years before ETFs there existed closed end funds, which were nearly identical to today's ETFs except that you couldn't redeem your ETF shares for the underlying or create new ETF shares by delivering "creation units" of the underlying. They almost always traded at a discount or premium to...

I don't subscribe the WSJ so couldn't read the article and I don't want to be the jack@#s who comments on an article I didn't read, so I'll admit that StarDust9182's point might have been addressed in the article. However, the point is a good one. The SEC has the idea that when an ETF trades...

Sadly most consumer protection is aimed at those very same 18-22 year olds who are now 90 year olds (actually more late 70s plus) and who seem to have an appalling ability to make poor decisions and be taken advantage of. Millennials grew up with the internet, they don't get scammed by Nigerian...

Thanks for that, learned something today! Another interesting article here (http://sixfigureinvesting.com/2014/10/option-weekend-decay-and-volatility-annualizing/) with some data supporting the same idea. Still doesn't make sense, seems if you're buying volatility you get at least a little...

That seems counterintuitive (the weekend theta priced into Fri AM), do you know why that is and is it really a recognized phenomen? You can't realize the potential weekend discontinuous jumps until the weekend is over, so one would think you'd need to pay for the privilege of that on Fri.

SPX options almost always trade one increment past the mid on a limit order, as long as you're not super far OTM and as long as the mid is a true mid, not one impacted by another limit order above/below it. So while the bid/ask appear wide, they're effectively not any wider than the ETFs.

This is an oversimplification, but by definition any portfolio you put together with a Beta of 1 will track the S&P 500. You don't need to hold all 500 stocks or for that matter any of the 500 stocks.

"The defendant graduated from Harvard in 1998 with a degree in psychology, school records show.", obviously had the psychology part down pat, not so much the investing part.