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Yep. Seems like we're back into the ol' Bad News is Good News funk.... It seems we have a bit of a methodological contradiction: in Black Scholes Merton, rho is given such short shrift that IB's TWS doesn't even show it in their Greeks section. (And how many others? Does anyone discuss rho? HAS...

What a nice guy.... Thanks, ETJ. Great content, throughout.

And 2890?? Yep. Sixth time's the charm. :rolleyes: ["Eventually??" Yep. Eventually.] I'm glad you're out and glad for any profit to you. Right now, I don't feel like I have the testes to call it -- I see a market approaching a cusp again: a V-Bottomⁿ where n=√tweets -√data. "Meh!" Last night...

I disagree entirely. This mess started when "debt" became The Thing for college funding -- mid '80s. Just check out any graph of college tuition against prevailing inflation -- and see when grants got murdered and "debt" became The Thing. The bad behavior to which you refer (and I'm sure we'd...

What!!! The risk that they might get in???

Yeah. For the sixth time, give-or-take. :cool: ["That's not earning him any cred, is it." Noooo. No, it's not. :confused: ]

It is a spectrum, though -- and to present it (thus far) as a dichotomy is not helpful to at least half of this thread's readers. Whether by art or by science, we are always trying to divine the market's direction and intentions, and Milton Friedman's "As-If Principle" is the rule of our day --...

Hardly a drop in the bucket, really, and yet quite scary, to think that the market would move based on an actual "fundamentals" bit of economic content for a change. ("Imagine that!") Certainly adds to a "top!" thesis, though. Could it lead to a *truly* inverted yield curve? Not by itself, but....

:wtf: Yes -- you're absolutely correct. I *had* finished my coffee, but apparently not all cylinders were firing. :confused: wwwwwWhoops. :D

Not quite. Real service is still paid for. The free stuff is fluff. Kind of a reversal from days of olde, when the fluff was $8 and $10 a trade, and the real stuff was $1. Now, the real stuff is *still* $1 a trade, but the fluff (whose development has been depreciated and only requires a new...

• Your understanding of delta and theta is incomplete, distorted, and wrong. • You are captured by a thought that the answer to your question lies in 'the Greeks'. • Options are insurance. Insure your underlying position the same way you'd insure your car, your house, your health, etc.: you...

Don't ask -- just go do it. There is no better way to learn the guts of what's on a chart, than to reproduce it yourself. It's all just numbers -- derived from one price stream -- two if you include volume. You might practice with a spreadsheet, but the actual Python code will be trivial. A...

One of the things both GAT and fan27 have mentioned is that you don't want to find yourself 'chasing returns' -- which is what happens when we filter by performance post hoc. What is science at one time frame still becomes art at another. :confused:

IB's action would also be a great excuse to develop a 'segregated events' class of price action -- as the non-liquid jumps in price are often related to quarterly earnings releases and would be worthy of tracking. (I haven't *done* this, but IB's segregation would be something that would assist...

Best indicator, for what? Indicators seek to indicate different things -- trends, turns, overall vol.... each one has a flavor, which may or may not match with what you're trading. Your job is test, fit, modify, test again, and see what works. What might you invent, were you to *design* an...

This guy has been around for 10,000 years, has a quality reputation, has a couple of different *reasonably*-priced products (or will customize as desired), and ..... well shoot: https://www.tradingsoftwarelab.com/jtwsdump/ NFI, by the way...

This is the old VXST. Not sure why it was re-named, but it keeps with the others, so....? In any event, while not trading it, I've used it for years to provide a little broader window on market outlook: per-strike IV, then VIX9D, then VIX. Good barometers.

What is *alpha*?? (I mean, besides being one of the most abused and misunderstood terms in finance -- right behind "risk", I think...) Define "alpha" and then define "premium-selling", and see if you can put an equals sign between 'em. (You can't.) ((Or better, you *shouldn't*.))

OMFG. ["And it's still 2019, right?" That's right. Eugenics is alive and well... We'll start reading skull bumps next.]

You realize, don't you, that as soon as you preface any "How to Read a Chart" discussion with this phrase, you just sucked all the empirical content -- and any hope of scientifically reproducible results -- out of the picture: you just made it, "One man's opinion" and thereby, fluffernutter...