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This is the FED fulfilling it's statutory mission: stable prices, maximum employment. To imagine that, when these things co-align with market wishes or political whims, that this is the FED "caving" or backtracking or whatever, is nonsense along the lines of Chem-trails and Bigfoot and ...

It's either a call condor or a put condor; an iron condor (term used by the OP) is calls + puts.

AH! I took another look at your posted graphic(s), and it seems as if the colored pie-chart dots (divided on an implicit horizontal basis) are derived from DOM cumulative orders on Bid and Ask. • As hedging pushes orders in the perceived market direction (say, on the ASK when the market...

I presume by "bars" you mean "candles"? So, Open High Low Close? 1) I would make it work in Excel, *and*then* simplify what you need in VBasic. 2) I would build a candle from a 'landing area.' {easiest} 3) {not hard} I would build a landing area from a data-writer -- like, on 1-sec...

I find 'conspiracy' theories SO boring. The problem with Stable Genius is, he went 5-6 years floating his failing/bankrupting real estate "empire" as a pump-n-dumper. I just have to look at how market volatility magically "returned" once Jarret and Eric and Donnie Jr. left The White House...

I haven't seen anyone mention how much *less* intrusive is the PDT in 2019! Keep in mind that $25k in 2001 is worth ~$36k in 2019 (Or conversely, the PDT is ~33% LESS intrusive today than it was in 2001!) :D ((If you want to play: https://www.usinflationcalculator.com/ ))

This bodes very well for you. :thumbsup::thumbsup::thumbsup:

A well done piece (with which I agree), but I couldn't help but wonder where the GINI Coefficient was -- or where the employee-to-company-president wage ratio was -- as I think they are primary drivers. I think the article lessens its argument by not covering this...

"Not aware," huh. But you can opine about theta versus vega? Trolllllllllllllllllll. https://www.elitetrader.com/et/threads/spx-iron-flies.333392/page-2#post-4876382 We're done here. :finger:

And so if given a choice between option strategies on two different underlyings -- with same DTE, same volatility, same multiplier, and strikes with same relative distance-to-market, but one is $3, and the other, 33% more @ $4, you're not going to accord any reward-to-risk difference between...

SPX IV ~16 15%OTM option @ 3% BLUE IV ~56 15%OTM option @ 8% HLF IV ~33 15%OTM option @>15% almost there.....

^^^ This. I think 2850 is a fair price for the SPX to cusp -- implying that at 2880, we're a tad high for a short-term number. (If it helps, think of 2850 as a pendulum perigee, and we're then 1% above perigee, having just finished a swing from the bottom-side right up to 2900. :wtf: )...

Any second now, somebody is going to suggest that I buy the worst DOW30 performers of 2019, and hold them through 2020, and I'll have made money. "Absurd!" And then, someone else will observe as how, once an idea becomes known, capital will rush to it, dilute its effectiveness for all takers...

Sure -- that "random" nature is what drives the Brownian/Weiner content in BSM. There are three things that consistently mess with general discussions, though (and maybe work into your own dissatisfactions...) 1) Markets trend and do so regularly (read: "predictively"). Calling it "drift" (as...

No. Sun Tzu would be Trading. von Clausewitz belongs in Wall St. :wtf: ;)

EGO?!?!? You are clueless. 180° off the mark. :confused: Did you actually read what I wrote? Any of it?

Not at all. You need to have done some 'miracle runs' yourself -- you end up being NOT a nice person -- a bad Dad, poor-ass hygiene, you lose friends (through unfriendly and obnoxious and *thoroughly* self-absorbed behavior). Oh, and forget about your Sweetie. It is not fun. It is not...

You guys have gone pretty far afield, and nobody's hit on it yet: adamchubb most likely has an FA account, and collects a "fee" from one-or-more "client" accounts. It doesn't matter if it's Family or some other non-SEC-, non-CFTC-impacting arrangement, as soon as you collect a fee, the exchanges...

This is where that popcorn-eating emoji pops up, as adamchubb recognizes that IB's pass-through costs really are cheaper than snot...

If the markets are efficient (in that classical sense), then your job is to find the passing inefficiencies and *exploit* them via arbitrage: your *job* is to help the market run better. If the inefficiencies that you find were perpetual, then everyone would (somehow) have similarly...