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  1. tommcginnis

    15:59 Options Snapshot

    I think we're on our way to a new jamband identity, like FunkyWonkyPunkyJunky. But they have to have two drummers. (That's my vote, anyway.... :rolleyes:) :wtf: That's awesome to hear -- a bit of reassurance to the brain [that watches this stuff mostly in desultory isolation -- like an...
  2. tommcginnis

    The S&P 500 topped at 3017.8

    Sometimes, they're like that. It's good that you had it in you. :thumbsup::thumbsup: ("Wait -- were you talking about the same thing??" :confused:)
  3. tommcginnis

    Are you too anxious to win?

    30 years -- and still going at a good clip...(from his LinkedIn profile...) "Patents SYSTEM AND METHOD FOR CREATING AND TRADING A DERIVATIVE INVESTMENT INSTRUMENT OVER A RANGE OF INDEX VALUES Issued April 24, 2012 United States 8,165,953 B2"
  4. tommcginnis

    15:59 Options Snapshot

    I don't have a supplier to suggest, but rather a cautionary observation: funky things happen in the last hour of cash trading -- markets get very wide, offered volume flips and flops, and relationships do things they haven't done all day, and won't see tomorrow. I have shifted to a lot of...
  5. tommcginnis

    pricing

    It's the same as for the Kia Sorento, KitchenAid blender, or Sunoco Ultimate high-test gas: research the product, research the market, research the current conditions. "Work." ("This is you being helpful, is that right?" Yes. Indeed. :cool:)
  6. tommcginnis

    what's better to have 5m airplane or 64 foot yacht?

    ((I'm sorry, but the July 2019 Douchebaggies have already been awarded. But August is still open, and this might get you clean&fresh feeling you've been lacking.)) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Well, those moto-yacht designs are pretty cool -- I love the 'floating backpack' idea. And while those...
  7. tommcginnis

    anyone use alpaca, the commission free api trading?

    Do a little math! That's 60 RTs in a Globex future, per trading day. 10 an hour, 6 working hours. 5x or 10x of SPX verticals? (How many S&P 50+ pt. days have we had in the past 2 weeks?) Multiply by 2 or 3 expiries? But wait! Let's split 'em and go to the other side of the market! Want to scalp...
  8. tommcginnis

    Is price action trading the most insightful(& most accurate)?

    Sorry, Charlie, but "Japanese Candlesticks" are indicators: in one symbol, they contain 4 pieces of price/trade information per single slice of time. "Support & Resistance" no matter whether fancifully calculated or eye-balled onto a chart? Indicator. "Tracking highs & lows"? Indications...
  9. tommcginnis

    How to protect a long term option gain?

    There will be no free "reward" without concomitant "risk." Of half-a-dozen easy plays that come to mind, each one parries risk off for the price of reduced reward; each one is best thought of as a new, independent trade. Thus, your best trade going forward depends on what you would do with this...
  10. tommcginnis

    The Spikes and Gaps in market

    Perhaps half of the largest candle moves for any index occurred to a larger degree outside of RTH. Last night, the RTH drop continued til 21:00hrs ET ?? before the turn/rise to current levels. China's yuan devaluation (August 2015) hit outside of RTH. The U.S. 2016 election saw a plummet of...
  11. tommcginnis

    The S&P 500 topped at 3017.8

    Jinkies! We've breached 2800: 2750 is *definitely* in sight. OP was for 2650. I'm still :rolleyes: about that. But 2750 would be something! I'd say totally fist-bumping good: :fistbump: And for that matter, 2775 (and we're <20 from that), given that • the call was made 2-3 days early, and •...
  12. tommcginnis

    Options for income

    It would seem so.
  13. tommcginnis

    Managing friend's portfolio

    No "joint account" -- brokers want a taxable entity in charge. It's one party, or the other, or an LLC/LLP. IB has Financial Advisor/Client accounts whose architecture can accommodate pretty much anything you can think of. You open an FA; he opens his own separate Universal account (with all the...
  14. tommcginnis

    The S&P 500 will top soon at 2925-2930

    Agreed! As I'm reading this, CNBC's Josh Brown was saying the same thing: "I can't believe that on the 8th and 9th time that Secretary Mnuchin sez, 'Trade deal comin'...'" we find it in ourselves that same credulity that we had the prior *seven* times..." Love that guy -- HE is a trust-worthy...
  15. tommcginnis

    The S&P 500 will top soon at 2925-2930

    Wrong (or delusional) == 2/3rds of the respondents to this thread opined on a short-term drop. I think you're painting the responses of about 1/3 of the respondents to this thread onto the rest. That is: Wacky. Errrrr. I'll bet you that inside of 10 minutes, if a gun were put to your head...
  16. tommcginnis

    The S&P 500 topped at 3017.8

    Down -5.0% right now; just breaching 2870 from above. ES volume continues it's opening surge for 40 minutes -- rather controlled, too. Decline from 11pm EDT has not been violent, either. Put together with post-FED decline, and "Jeepers!" :wtf: I was off on the FED call (I opined, "No change!"...
  17. tommcginnis

    Wealth Should Trickle Up, Not Down

    You do realize that that money was never on the books of the United States except as an inventory measure, right? And that absolutely $0 of U.S. dollars was EVER involved? NOT A CENT??? That our possession of someone else's wealth was custodial and for legal purposes, and not as rightful...
  18. tommcginnis

    Iron fly

    Not to hijack a thread, but I posted this about a week ago, to a thread where you were the next poster: The four data columns show a 1 strike x 2 strike BWButterfly, then 1-strike, 2-strike, and 3-strike verticals. The highlighted cells are combos ~26¢ to 41¢. In the closest DTE week, rolling...
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