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Thank you, after 10 pages a clear explanation of beta for the everyman. Now Joe Lunchbucket can quit his cubicle/construction site/warehouse. etc. and stick it to those dirty old option MM's. Back to the coal mines for the rest of us :p

da da da

You are awesome!!:eek:

out 127.26

short spy 127.42 tight stop

out 127.15 had an add at 126.70

long spy 126.89 stop just under low of day. Hoping to catch a swing here.

Good luck with that, customer service at banks died years ago not to mention credit cards. I got a card from citi didn't use it so they call me concerned. Then a few months go by and I charge a measly couple hundred dollars, then they want to shut the card down as they thought it may be fraud...

How much is your porfolio up year to date, saying that you are up 30% when the spx is down just says you weren't dumb enough to buy the top. A fund is not going to be that impressed, they want high alpha and low sharpe ratios plus a track record, congrats on being up though. :)

" thank you for the time you spent reviewing my site. It's not a call to raise capital, it's really a blog of my PERSONAL hedge fund. If you can show me where in the site I say I want to raise capital I'll gladly change it. Here's how I calculate my performance: On Aug 14 2007 the SP500 was...

by your reckoning you should be down 30% or so, just sayin.

quarters in front of a steamroller. Its all good until a multi sigma event goes against you. :) The op has issues with option lingo and probably doesn't understand synthetics on the level of a market maker as many of you do. I know that what atticus was saying he did not understand; but I wanted...

Beta is an important concept I am adding this for the lurker's that don't really get it. "By definition, the market itself has an underlying beta of 1.0, and individual stocks are ranked according to how much they deviate from the macro market (for simplicity purposes, the S&P 500 is usually...

First a story, I was a runner on the CBOE way back when. I had to get a simple ten lot filled. I walked out to the pit with 50 market makers and the lead guy ignored me for five minutes. Then I handed to order to a broker who gave it to the DPM (option term for specialist). He held it another...

HOPE for Homeowners Act of 2008 H.R. 3221, as amended, would include the HOPE for Homeowners Act of 2008, which would create a new, temporary, and voluntary program within the Federal Housing Administration (FHA) to back FHA-insured mortgages to distressed borrowers. These new mortgages...

Joe Lunchbucket will be screwed. 3% fee on principal, 5% down blah blah. Anyone who signs up for this will be sharing his equity with the govt. Welcome to communism, Marx was right. http://en.wikipedia.org/wiki/Bourgeoisie

USO right at $100. Is big oil going to crack?

Fannie Mae (FNM:Fannie Mae News, chart, profile, more Last: 13.41-0.72-5.10% 4:02pm 07/22/2008 FNM 13.41, -0.72, -5.1%) and Freddie Mac: (FRE:Freddie Mac News, chart, profile, more Last: 9.70+0.95+10.86% FRE 9.70, +0.95, +10.9%) Traders and investors pared back bets that stocks...

good call es reversed right at 1265.

Don't underestimate the power of fat tailed events both good and bad, BSC would be a recent example.