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Seriously? I haven't eaten at that place in literally years but MCD's burgers were ALWAYS the absolute *worst*. Pan-fried, greasy, cardboard textured junk. I never understood the allure of that place. Anyways - this franchise (the brand overall) is definitely in long-term trouble. They better...

Weird.. I'd figure the threshold would be more like 1000+ contracts considering how trading the actual index options (which I'm surprised you aren't given tax benefits and transaction costs) would be a fraction of that.

I don't do Skype but would consider trading as a meet up type thing at some point. Also in the bayarea - of which there aren't a heck of a lot of traders out here.

I don't think it's a problem if people want to work a straight ahead job and live a reasonable life. The issue these days, as we all know, is that it's getting much harder for people to do that. There needs to be something between poor and shit-eating-grin-welloff->rich.

LTW: We're not disagreeing at all. I'm simply making the point that a call on something has to be made, which in your case you described as your own forecast vol against potentially mispriced strikes. However, you should expect to profit *only if* your forecast vol becomes realized vol. Like any...

No - because the entire point of this position is that you're long vol. If your call on volatility is wrong, then you don't make money. There's no difference between this and any other kind of trading - either your call was right and you make money or it was wrong and you lose money; however...

Well, pretend you didn't do this. You wouldn't be covering the time decay and hence lose even more money. The entire purpose of doing this is to mitigate losses due to gamma while waiting for a gain due to an increase in vega.

Which situation do you forsee that has us gapping up futures *and* gapping up VIX? Or do you mean ES is up on Sunday but on Monday it gets slayed and VIX surges?

LTW: IMO, the difference however is risk. In the OTM case you're exposed to hideous risks as opposed to the NTM/ATM case which is always going to have decreasing gamma. At the end of the day one has to have a directional or volatility take on what it is they're trading. Probability alone is a...

Don't worry nurse, we'll get there eventually! :-)

Sheda, so if I'm not even German how does that make sense here? The fact that vp happens to be German is merely coincidental to his opinion.

T-minus 4 posts until Godwin's law is validated. Full disclosure: in general, I do also see a trend with various Jewish dominated organizations, finance, and deceit that quite simply isn't ignorable as "coincidence" - and I even have friends who are Jewish. It's not a "racist" (it's not a race...

Translation: Further stagnation of wages and all that consumers could afford to spend money on.

Courtesy of Charlie Bilello, CMT, http://stks.co/d2EZd: "We just had the largest 5-day decline in the history of the $VIX Index."

These two statements are just mind boggling: "In 2014, dividends and buybacks in the United States totaled $900 billion, the highest ever, according to Fink's letter. BlackRock had $4.7 trillion in assets under management at the end of the second quarter." Close to a trillion in buybacks and...

China taking a lesson from Uncle Ben.. another market wrecked by the invisible hand...

China's biggest state banks recruited into stock market rescue China’s biggest state-owned banks have lent a combined Rmb1.3tn ($209bn) to the country’s margin finance agency in recent weeks to staunch a free-fall in the stock market, casting doubt on whether the recent equities rebound is...

Also, before you run out and short 100 1SD put contracts per tastytrade doctine, know that you're compensated accordingly the closer you are to the money and net premium requires way less short contracts.

What if I told you a Bloomberg Terminal is actually a PC?

Stress actually causes the body to react in a physical fashion by way of the SNS. There's no way long-term stress is good for you, regardless of how one mentally compartmentalizes it.