I can add that I know for a fact that Atticus took a large broker to the cleaners when they mispriced a box option model. Not too many folks have the skillset to pull that off even among professional option traders. Anyhoo, I welcome the volatility, mkt is a lot more tradeable with vix over 20.:)
I would take the first two weeks of the year, I am not sure about the resetting part. That is just me though. Its all about what you think is relevant. Personally I if was looking for a swing long on es the ideal set up would be a flush down to 1280 and then a run to 1450. so if the first two...
I will second that, I am not sure what the best way to police these threads are. Lots of great posters left es thread for the same reason. Same old crap people questioning your call, demanding proof, rude pm's, etc. its unfortunate. :mad:
I would respond that the mkt has two modes: breakout and reversion to the mean. To me ACD method is a breakout method. The idea is if a level holds you get long/short and have a stop in place and ride the wave. If you look at es you see we had a strong trending mkt from 1120 to 1420, we are now...
saw a report about 800 million euros taken out of Greek banks, have you see seen "its a wonderful life". I don't think George Bailey
could help us on this one. What would be worst case downside on euro if Greece exits.....I know this is rhetorical
Luby always an interesting read. This is a coin flip here for me on es. You could look at the first two weeks of the year from1260-1300 for support. Tough to get long here there is potentially alot of downside risk if we get under 1300. Plus oil and gold look like shit right now. :)
AVP should be on your radar screen just sayin...........:)
Mav great article about Peter Brandt, its insane how many great traders came out of Commodity Corp.
ok I see what you are saying, you are spreading. In options calendars you are selling short front month strike and buying the next month, so it a play on volatility. you may find this link useful, quasi related.
http://www.cboe.com/micro/oilvix/introduction.aspx
you should get "oils endless bid" by Dan Dicker. I really enjoyed this. His thesis is that the over the counter contracts mostly traded by the big houses like GS and MS are what is driving fundamentals higher. Mark Fisher a great oil trader seems to talk only about China they loom large in the...
I suppose it all depends. Jerry Yang is a good example, he is self interested meaning he owned alot of Yahoo stock. I get that that a ceo doesn't want to be out of a job. I feel like if I was the head of Avon I would have to take the deal in the interest of shareholders but what do I know?
I have a stupid question. AVP Avon is trading at 21 with an offer on the table for 24.75, ok so mgt says no deal in essence because they think its worth more, then why is the stock not trading for 26. Same example for yhoo way back when. doesn't this violate the law of one price?
not cranky just a little volatile, this a good thing to me whether you are bullish or bearish as there are more opportunities.........:)
gold is very interesting here.