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That was in the past, before everyone and their uncle had analytics that were millions of times more powerful than anything Renaissance had back then. Given enough assets, any actual repeatable pattern can be detected and then trivially arbitraged into non-existence.

Since there are billions of possible combinations of indicators, levels, definitions of supply/demand/resistance/support, and every other type of voodoo, those "millions" are all trading different things. So, no, TA does not have any kind of relevance - at least not via this tired argument.

I suppose some folks get bent over and reamed by the market so often that they might as well make it official.

Whoops. I just checked my .plan file, and it still has my missile coordinates as 18.336847N -64.926016W. Shit, that's only about 22 years out of date... but then, who the hell runs fingerd anymore? UNIX does have some rather amusing command names, though. What's this script do? "unzip ...

So NOW you're getting to the real reason us options guys are always talking about "naked options", "spreads", and "straddles" - we're the sex gods of the trading world, always long the stuff. I wasn't going to spill the beans, but now that you've found us out... (I won't even talk about...

Frankly, I've gone from being pig-ignorant about anything related to finance during all of my previous life ("money comes in, money goes out... can't 'splain dat!") to - well, at least somewhat educated about it during the past year and a half. Truth to tell, it's been a bloody shock. A...

Thanks, @qlai; much appreciated. I wish that was the case, but - no, compared to some here, I'm trading a tiny account (one that will get larger quite quickly once I go back to work, since the trading income balances my expenses.) But since I've averaged a ~5% return on it per month, even during...

Reading over this old journal, just spotted this... interesting, in the context of everything that's happened since then. At this point, I'm averaging a bit better than $100/day. I could fiddle about with the definition of "confidently" and "consistently" - it's not like getting a $100 check...

I'll survive it somehow. :) https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx Yeah, 'cause no one ever gets loses money trading futures! :D:D:D I notice you keep hanging out in the asylum...

That's the point: there's a bunch of unknown risks when you start trading - and you won't learn about them until you've been at it for a while. This is why your risk management has to be damn near perfect from day one: even if you get hurt, you won't get killed. For most, that means doing a ton...

You and me both, bubba. I've got a VIX trade on right now that I'm thinking of just walking away from... but hey, [ghoul_mode]maybe there will be riots![/mode_off]

Thanks - good to know!

This is why you don't sell puts on crazy shit like biotech, pharma, etc. Not unless your risk tolerance is WAY the fuck above average and you're aware of all the factors involved... or you're just a plain damn fool looking for YOLO trades. To me, even the first category is like trading penny...

I'd never heard of that. Not disagreeing, but it would be interesting to find out if that's an actual thing. P.S.: ...and that covers it. So, not turned off - just treated as though it was the price at the cash close.

Seems like this would only affect those who were 1) ITM, 2) planning to get out before the close, and 3) didn't manage to do so before the halt. Also, those who were holding spreads where the price punched all the way through would have the wing auto-exercised - so the only ones who can get...

Auto-exercise only applies if you're ITM at expiration. Since you're more than $30 OTM, it's nowhere near being applicable to you. And yes, you'd still be able to sell it if you wanted to; there's ~6k worth of open interest at that strike. You can get out any time you want to pay that spread...

Now, now; don't get all judgy. They're welcome to smoke whatever they want... as long as I'm allowed to retort in my own fashion.

Denver CO and Oakland CA have already decriminalized their use; lots of others are in process. Via Wikipedia: Kyle Jaeger (November 29, 2019): "Nearly 100 Cities Are Considering Decriminalizing Psychedelics, Map Shows" There's a very strong movement - lots of traction in Canada and gaining it...

Perfect reason to sell a $35 put on it. The 18 Dec expiration is going for about $1, so you either get the shares assigned at $35 (assuming it drops to that level) or you make $1/share. If you like, you can consider that a discount toward whatever price you get it at in the future.