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  1. tommcginnis

    "Vacation Spreads"

    I certainly hope that one-or-both of you are hashers. On-out!
  2. tommcginnis

    Why Do You Trade?

    "Pah!"
  3. tommcginnis

    "Vacation Spreads"

    (Staying with the SPX...) If you bought the original horizontal for 15¢, bought the short back for 5¢ and then sold the strike $5 closer to the market for 40¢, you've entered the vertical for $4.80 net risk. Now, getting *paid* 20¢ for a short-duration spread is not a bad thing. But you don't...
  4. tommcginnis

    "Vacation Spreads"

    Frikken Graham Allison. "Is he still alive?!?" Jeeeez. My nerdliness? Math. I'm putting together a options inventory/management model via https://en.wikipedia.org/wiki/Leslie_matrix to model total capital deployment, rather than $$$ at risk. This will make it able to be modeled recursively, and...
  5. tommcginnis

    "Vacation Spreads"

    "Walking up the strike..." Exactly! I love it. I'm gonna borrow that. I'll pair it with "anchor." You are obviously a man of taste and breeding. Yessum. IR/Comparative -- one of my favorite classes (as a student and a teacher) was Comparitive Systems. Too much fun. And, I was teaching it AS...
  6. tommcginnis

    "Vacation Spreads"

    Well, it's kind-of cheating, really -- and not something I'm convinced scales well: 10¢-15¢ entries including commissions GTC Orders to buy back the shorts for 5¢ were entered immediately. Of a dozen or so placed, a couple hit 40¢-50¢, and while bigger money was possible, I sold. As the shorts...
  7. tommcginnis

    "Vacation Spreads"

    What strikes? Anywhere they'll take me for a cheap-ass debit. If you shop from far OTM to deep ITM, the actual cost for the horizontal debit really doesn't change that much -- not the 10x-100x you see with a vertical. Visualization? It's too loopy for me -- too reactive to time and vol. I just...
  8. tommcginnis

    Why Do You Trade?

    I have too much hair.
  9. tommcginnis

    The S&P 500 has topped at 2430 on 6/1/17

    Any second now, with all this "the retail..." and "yeah but institutions are...." crap, and somebody's going to write the Three Words That Should Never Be Together ("Online Trading Academy") and I'm going to just vomit :vomit: right into my shoes.
  10. tommcginnis

    "Vacation Spreads"

    2) I don't understand.... But, 1) "Oh! The Secret Sauce!" You sell the Jul 20,Jul21, OR you sell the Aug17,Aug18 {of whatever strike}. Should the market approach your puts, the increase in vol will still work in your favor. If you're back to your desk, you can now actually turn both expiries...
  11. tommcginnis

    "Vacation Spreads"

    Buy calendars above and below the market, with the near-er term expiry right after you get back. Margin exposure: $0.00 Directional bias: zero. If volatility climbs, your long is good. If volatility falls, you let the shorts expire, and then sell a closer-in strike upon your return, creating a...
  12. tommcginnis

    [IB] asks phone number for authentication

    Seriously? Your *phone* number? If you're the type to question this, then IB *should* not accept your patronage. Gonna be too costly down the road.
  13. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    Well, here I'll whip out my ("Oh, noooo! He's going to whip it out!!! Shield the children!") libertarian card and observe that the way to guarantee free speech is not to stifle one side of an argument. Is our contemporary environment at all "fair and balanced"? No -- you're completely correct...
  14. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    It's not so much a hatred of government -- we have some of the most idiotic governmental structures and strictures as you can imagine! (Think back to tales of medieval Europe and ring-kissing and such -- it's *that* bad in places.) But it is more a profound lack of civility amongst -- get...
  15. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    Is it your right to travel on safe, speedy roads and bridges? No. Is it your right to have somebody blasting the atmosphere for meteorological study? Does the Constitution mention "weather"? Space/NASA? Geology? Not directly! And yet the stretch is not too far, to say how much better our society...
  16. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    Except that pharm companies know that pricing in the U.S. is grossly price-insensitive -- argue it eight ways to Sunday, it's still a fact that going outside the U.S. will (DOES) benefit the patient. So who pays? Those who cannot afford to travel -- those who have no viable alternatives -- those...
  17. tommcginnis

    Great day ES

    Plot the VXST against the ES and see if you don't feel a mite differently. "Jus sayin'....."
  18. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    What you didn't know, jem, was that you were one of three appendectomy patients that came in at the same time. The first was your Representative to the U.S. House -- they paid not-a-penny out-of-pocket, were seen immediately, and their House-provided insurance was charged $25,000, you know...
  19. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    Awwww, Jeez, v-z! I was in grad school when all this shiete came down, and we (policy, econ, political science students) would all be sitting around, discussing the (public policy) news of the day -- and it was so often followed by "Really?!? *That* sounds dumb." And then I'd call home, and get...
  20. tommcginnis

    This is how bad the IB Margin calculator and Support are

    THANK YOU FOR POSTING -- That is a *very* nice thing to read.
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