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  1. tommcginnis

    Spx getting filled

    Yes. :D Watch daily volume: OTM has plenty of volume. ATM will have a bunch. ITM will quickly thin out. UGH! :( You're likely paying the vig with each trade. And the bid-ask will get quite wide in no time at all -- 50% of the strike widths. UGH! :mad: Go for 'round number' strikes that attract...
  2. tommcginnis

    Are credit spreads as risky as naked sell of opts ?

    1) check out Bum's detailed response, and 2) Know what trade expectancy is.
  3. tommcginnis

    Question for Options experts - how would you trade this scenario?

    EXCELLENT, but do consider an exit in the morning. Does BYND have a beta yet? What if the FED doesn't cut rates? "Bang!" Right in the chops. ("That was a pun there, right at the end, right?" Sho' nuf. Sho' nuf said.)
  4. tommcginnis

    The S&P 500 topped at 3017.8

    This is easy: go to this place {described below}, evacuate the building, go to the bottom of the primary cavern, turn out the lights, and bestill your heart in the darkness, lit by nothing except a single l.e.d. watch set to Eastern (U.S.) time. At precisely 14:00:02, listen very closely for a...
  5. tommcginnis

    The S&P 500 topped at 3017.8

    It's Monday morning, and everyone (nearly) is basking in an *imagined* FED rate-cut glow. The FED will not cut on Wednesday. They will cite unemployment at sub4%. They will cite growing wages. They will cite inflation that's so low and ephemeral that it's a source of argument. (They will *not*...
  6. tommcginnis

    Wealth Should Trickle Up, Not Down

    You're puzzled alright. The bottom line of the post to which you're replying reads, "Borrowing is a use of credit. Credit = Debt + time. Credit *eventually* must be repayed. "MMT" be damned."
  7. tommcginnis

    Are credit spreads as risky as naked sell of opts ?

    Define what you mean by "risky." Are you thinking of a dollar amount? One is limited, one is (theoretically) unlimited. Are you thinking of probability-of-occurrence? The probabilities are the same.
  8. tommcginnis

    Wealth Should Trickle Up, Not Down

    You just left all credibility behind. The Orange Menace has no concept beyond serving/agrandizing himself. His family that do not serve him do not exist, including how many children from how many marriages? His own "party" are ostracized unless/until they take up entirely UN-Republican tenets...
  9. tommcginnis

    Wealth Should Trickle Up, Not Down

    Uh-oh -- "...the proper gauge"??? The proper gauge for what??? Did we just turn to fascists or communists, painting our values/desires on others? Did we just leave De Gustibus Non Est Disputandem at the door? :wtf::confused::(:(:(
  10. tommcginnis

    Wealth Should Trickle Up, Not Down

    There is no such law. (And you know that...we *all* know that.) There is only sloppy analysis, seeing linear connections in an exponential reality, and then :wtf: feigning shock when things go awry. :banghead: ("So, this is A Thing for you, Tom?" Yeah. Yeah yeah yeah.... o_O)
  11. tommcginnis

    Wealth Should Trickle Up, Not Down

    Wrong on both counts. 1) Normalized U.S. debt-to-GDP has grown from 100% post-Crisis (which means deficit=GDPgrowth) to 105% since 2016 (which means deficit < GDPgrowth). 2) The FED is independent and does not take its marching orders from Treasury or the White House. As well, current rates are...
  12. tommcginnis

    Likely market direction if the fed is fired?

    Neither "the fed" nor Jerome Powell will be lawfully fired.
  13. tommcginnis

    Wealth Should Trickle Up, Not Down

    Well, half correct. (Which is better than no-correct.) Some fascists are really petite-tyrants/dictators waiting to happen. They don't believe the state is more important than the individual [the definition of a fascist], they just want ("innocently" and with unicorns) everyone to do things...
  14. tommcginnis

    margin

    Murphey's Law.
  15. tommcginnis

    Eurex Intraday Volatility Forecast

    Your research is your license to drive. Nobody wants to give you the keys to the car without it -- it's just death.
  16. tommcginnis

    Eurex Intraday Volatility Forecast

    Many different versions of the same thing. The "Value-Added" here is of two parts: 1) they're going to plot the 'when' of forecasted market-moving events right on the chart, and 2) they're going to add their estimate of events' vol impact. Technically, "no great shakes," but the value-added...
  17. tommcginnis

    1,500 Pounds of Gold Gone in Three Minutes During Brazil Heist

    ...and all I got was a t-shirt. :( ("No. No. You didn't even get a t-shirt." :mad:)
  18. tommcginnis

    "On the other hand" - Howard Marks

    A relief, to read some solid sense from a market 'Big Wig.' Quality work. A wayyyyyyy big :thumbsup::thumbsup::thumbsup:. ("And another 'THANKS!' to dealmaker??" Indeed!")
  19. tommcginnis

    CME Group - fees outrageous

    And, does a tadpole have a watertight bum?
  20. tommcginnis

    Finance related certificates help to land a job.

    There's a CFA, and there's everything else. The Series 7 and 65/65 are pretty commonly expected for any retail position aimed at the general public for equities and insurance. Insurance/CFP stuff: Series 6 and various combinations of 62,63, 64,65..... Hoo boy. Simply taking the 65/66 is 1)...
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