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  1. M

    First AI ETF is out, would you buy at all?

    It's not suppose to have any correlation to the S&P 500. Most AI funds out there are pitching themselves as absolute return funds, not index funds. For example, "most" of them claim they will make money in a market downturn. Give them a year, not a week, before you judge their performance.
  2. M

    "Liar's Poker" Trader, the real American Psycho?

    Here is a fun quote from the article: “I’m going to rape you like I rape my daughter,” Rubin barked during one of the alleged assaults. Seems like a swell guy.
  3. M

    "Liar's Poker" Trader, the real American Psycho?

    http://nypost.com/2017/11/03/portfolio-manager-accused-of-raping-beating-women-in-penthouse-dungeon/ My God, this shit makes the movie "American Psycho" look tame. What a sick f*ck.
  4. M

    CME Group Announces Launch of Bitcoin Futures

    https://www.cnbc.com/2017/10/27/there-are-now-more-than-120-hedge-funds-focused-solely-on-bitcoin.html That's where I got that info. I think many of those funds are in the private equity space and are funding blockchain companies vs actually trading the BTC itself.
  5. M

    CME Group Announces Launch of Bitcoin Futures

    https://www.bloomberg.com/news/articles/2017-11-02/bitcoin-exchange-added-100-000-users-in-a-day-as-price-exploded
  6. M

    CME Group Announces Launch of Bitcoin Futures

    I think this market might be more liquid then you think. With the VIX at the levels that it's at, traders are starving for vol. I do absolutely agree that 99% of ET will get blown out of this product faster then ever partly because their trading skills have been so eroded in this low vol tape...
  7. M

    CME Group Announces Launch of Bitcoin Futures

    Yes retail can trade them because they are cash settled. No, you can't trade them in your TD or IB account. But let's say you opened an account with RCG or Advantage, then sure. So if by retail you mean passive mom and pop types, no. If by retail you simply mean someone going going through...
  8. M

    CME Group Announces Launch of Bitcoin Futures

    Bone, do you know if there is historical data on this BRR reference rate?
  9. M

    CME Group Announces Launch of Bitcoin Futures

    They will probably have a full size and a mini version for the home gamers. That will bring in some arb players which usually helps some with liquidity.
  10. M

    CME Group Announces Launch of Bitcoin Futures

    I'm actually looking forward to trading the BTC curve vs BTC flat price.
  11. M

    CME Group Announces Launch of Bitcoin Futures

    Bone, I think BTC will follow the path that VIX had at the beginning. Technically there was no fungibilty there either from a practical sense. At the beginning no one understood it and cries of manipulation occurred regularly. I suspect there will be a premium in the forward curve for BTC...
  12. M

    CME Group Announces Launch of Bitcoin Futures

    You can trade weather on CME and ICE. And Winton is about to launch a series of products entirely devoted to weather.
  13. M

    *No Risk* - Simply Short UNG, VXX, SDS and every other Constantly Decaying ETF

    Yeah, I know what a spark spread is. It just has nothing to do with contango and sure as hell has nothing to do with the VIX. LOL.
  14. M

    Can someone explain how the price gaps on NG work?

    The high operating leverage of CHK and SWN means they are "highly" sensitive to the commodity price which is what you want. You don't want a company with no debt because then you have a company that is going to trade more on their long term cash flows which you then will have to model that.
  15. M

    Can someone explain how the price gaps on NG work?

    Find some energy names in the equity space. Most of them are very volatile. Stuff like CHK or SWN. Trade them around your outlook for natty. Next level up might be, buy the equities and sell natty against them. Or sell the equities and buy natty. You could even do dispersion trades at a...
  16. M

    Can someone explain how the price gaps on NG work?

    I kind of agree with Overnight. Either go all in and get serious about this stuff or keep it simple. The middle area is very dangerous. Thinking you know something and putting real money behind it is dangerous if you think you are clever. Try to keep things simple and find a niche and get...
  17. M

    Can someone explain how the price gaps on NG work?

    Why would the spread be fixed? All months trade based on their own supply and demand conditions. The spread should equal the marginal cost of storage which changes daily. Do you ever buy gasoline for your car? Does the price of gas stay fixed? Of course not. Well neither does any of the...
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