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  1. K

    Tradepipe.com CTA Star Search

    With options unavailable, I couldn't participate anyway. I believe Aaron Schindler got some funding from them, or a similar outfit. Part of the deal he got was a restriction from discussion of the terms etc... I am wary of all these "middlemen"...too many hucksters in this industry and...
  2. K

    Tradepipe.com CTA Star Search

    OK, now we're getting somewhere. There are numerous "firms" out there who "specialize in working with emerging CTAs and CPOs to get them funding." Essentially, these guys are looking for you to sell your soul (and all your potential future earnings) to them for a song. The more stars they...
  3. K

    Tradepipe.com CTA Star Search

    There is something seriously wrong with this promotion. If I am a large institutional investor, I do NOT want my money thrown at some guy who blew out the quarter by gambling the farm every day and winning. Not only will he blow up, since he's been on such a winning streak, he will blow up...
  4. K

    Fundamentals Forum

    I tried the same suggestion a while back, without success. I think there are two problems here at ET that prevent the successful launch of such a forum. First, I disagree that "all of us here have some long term holdings". I'm not sure how many do, but I'd be surprised if it's really more...
  5. K

    Nassim Taleb and Empirica

    Black Swans had nothing to do with VN blowing up.
  6. K

    Nassim Taleb and Empirica

    One element that seems perpetually overlooked when these discussions begin is the market's legislated baffling of extreme volatility. When selling options, I am often asked about catastrophic events and what I would do. Since 1987, there has been an aggressive effort on the part of exchanges...
  7. K

    IB and account values after mkt close??

    I'm not sure about standard options, but futures options revalue constantly overnight. Techinically, the market may be open for them but often there are no orders on either side, so the bid/ask is anyone's guess. IB (Timber Hill) apparently has a model that can evaluate these positions based...
  8. K

    Which price underlying to buy?

    What is your expectation of the price action between now and expiration? Is this a high quality stock that you wouldn't mind owning at a much lower price or one that you have performed a modicum of research upon? How much is the $7.50 Jan 04 Put?
  9. K

    Nassim Taleb and Empirica

    1) To an extent, he is correct. 2) I don't think so. 3) Short the tails.
  10. K

    Saddam's capture will move the market, but I'm shorting

    The carbomb that killed 17 was set off BEFORE the capture was announced or known by the locals. Why is it that people now say this was no big deal because of the condition in which he was found? Just because he resembles a homeless guy and was living in a cab with a cooler full of cash...
  11. K

    Covered Call writing

    yeah, that was probably an old example with those numbers, back when we had some volatility. Mav, There is some discretion. Not every month I sold the calls, not every month I wrote the puts. I liked selling the calls after a move up, selling the puts after a move down etc... Using the...
  12. K

    Covered Call writing

    Based on this statement, I'm not sure you understand what I'm doing. I NEVER get stopped out. There are no stops. The company needs to be fundamentally strong. I don't mean you looked at a chart for a few hours and checked the PE on Yahoo. I'm not talking about spending a half hour checking...
  13. K

    Covered Call writing

    Agreed. It's all about the losses. Keep the losses small and the winners will take care of themselves. I hope no one assumes that a successful covered call writer shorts calls and then sits back and hopes until expiration. This is another reason the fundamentals are important. If we...
  14. K

    Covered Call writing

    You and Canyonman are proving my point about personalities. Both of you may make respective fortunes and both of you may be right about your strategies. Personally, I might be happy with 2 or 3 lousy points and don't care about it going to $100. I don't look so much at what I could have had...
  15. K

    Covered Call writing

    Load up on as many short SP put options as your broker will allow. Go long one plane ticket to Brazil. If the put options expire worthless, sell the ticket. If the market collapses, head for the airport.
  16. K

    Covered Call writing

    I would suggest a Brazilian Straddle in that situation.
  17. K

    Aggressive Hedge funds for small investors?

    Chicago, I would suggest visiting autumngold.com . Click thru to the CTA section and read a few Disclosure Documents. This will help you understand more about the fee structures and terminology used in the industry. Another site to check out with a comprehensive CTA/CPO list is IASG.com ...
  18. K

    Covered Call writing

    TKO, Covered call writing is an excellent way to earn a living. I have been using this strategy for many years with great success. I think the key is to have a very strong knowledge of the underlying. First you need to be a fundamentalist who understands the business and the prospects for...
  19. K

    Not receiving daily statements from IB

    PXG, I understand your situation. Please don't feel that I was specifically talking to you in that statement - you had legitimate concerns about a real problem and did the appropriate things IMO. There are others here who take every opportunity to raise hell about something, only to find...
  20. K

    Not receiving daily statements from IB

    I noticed mine were missing for a few days too...around that time, but they started up again a few days ago. As def mentioned, I just retrieved them from the site. Automation is great when it works, but sometimes the computers have to be adjusted a bit. I have to say that when something...
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