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  1. tommcginnis

    Futures Options settlement at expiry?

    The *safest* thing to do is be on the horn with your broker. Go step-by-step. Watch closely as things happen, and check to see that the actions that come to pass are as were represented to you. Lastly, keep track of any Change Of Resolution notices sent out in the future -- not so much the...
  2. tommcginnis

    Down-glide + Happy U.S. news == Euro-turn

    Nope!! After lunch rumors, at 1pm Marco Rubio kicks tax bill joy-joy right in the nuts. Now confirmed. Dang it. :mad:
  3. tommcginnis

    A question about exercising

    :thumbsup::D:thumbsup: Ohmigod. That is so "spit-take" worthy.... :D:D:D
  4. tommcginnis

    Managing winners

    It's not about managing winners *or* losers at all. It's about, "Where is the best place for my capital right now?" That's it. [mic drop.]
  5. tommcginnis

    A question about exercising

    That's a broker question. The specifics will all differ, place to place.
  6. tommcginnis

    loss shows how options help define risk...

    qwxr -- in all sincerity -- "We are only insulted by those we respect." This is a forum of/for people engaged in a pretty stressful activity, whose brains tend to be going a mile-a-minute all the time. When they come upon nonsense and non-sequitors, it is annoying, to say the least. But that is...
  7. tommcginnis

    Futures Options settlement at expiry?

    Don't forget that your margin will increase massively with the infusion of the ES→cash, so (but it's been a while!!!) I think "No fears." (OH AND!!! Technically, those won't be naked calls anymore, as the market has stopped trading them. So, they're a *liability*, but a fixed/known one. (As of...
  8. tommcginnis

    loss shows how options help define risk...

    Noooo, no no no. Look at qxrs's other posts. :confused: You won't take offense. ;) You'll just shake your head...... :rolleyes:
  9. tommcginnis

    loss shows how options help define risk...

    o_O Cuckoo. :rolleyes: :cool:
  10. tommcginnis

    Bitcoin: the World's first decentralised Ponzi scheme

    Ooops. I hope I didn't break the internet with that one..... But, "Gotta go!"
  11. tommcginnis

    Bitcoin: the World's first decentralised Ponzi scheme

    You and George, Neo. You and George..... Very nice.
  12. tommcginnis

    Bitcoin: the World's first decentralised Ponzi scheme

    Dude -- as Neo wrote, that's a market, not a Ponzi. "Use [The Force of] Finance 101." o_O
  13. tommcginnis

    Bitcoin: the World's first decentralised Ponzi scheme

    "Bzzzt!" {that's that buzzer thingie...} 1) It can't go to zero: dilution =/= "Ponzi", Mr. Peks. 2) Again, not the Ponzi model. Nope. o_O
  14. tommcginnis

    Down-glide + Happy U.S. news == Euro-turn

    VIX and VXST are downward; TRIN is edging towards neutral. This smells of an 11:40 Euro-turn.
  15. tommcginnis

    Bitcoin: the World's first decentralised Ponzi scheme

    Bitcoin is not a Ponzi. A Ponzi is a specific mathematical form, dependent on outflows structured to be greater than current assets (plus perpetual return) allow. And thus requiring new assets -- new members be added. That is not Bitcoin. Bitcoin is a small-moated service that has found...
  16. tommcginnis

    Older I get, Less I understand... why is market up when Moore lost, rates likely going higher?

    I'll show you mine if you show me yours. :wtf::p (And yes, it's logarithmic.)
  17. tommcginnis

    ES→SPX ≈ 3pts! Here comes the interest rates!

    No, it's most certainly not common for the SPX/ES. As noted above, the average turnover saw ~ minus 7-8 pts with a new front month. For the S&P right now, at 2663.5, the ES Mar'18 contract was ~ 3.25 pts higher throughout the day -- not at 2655, but 2666. There's a positive 3 pts. To flip...
  18. tommcginnis

    What software is best to Automate my stock and option trades?

    And, dig the music! https://www.youtube.com/user/metastocksoftware
  19. tommcginnis

    Older I get, Less I understand... why is market up when Moore lost, rates likely going higher?

    Some thoughts... -- Since this current [SPX] upswing can be broadly traced to Jan/Feb 2016, it's pretty hard for rational people to term it a "Trump Rally". -- "Divided Government" most certainly produces happier markets, going back (empirically) a couple of generations. (Since I'm a nerd...
  20. tommcginnis

    does increased demand drive up an option call price?

    If we're voting, I'm definitely voting with market-wide volatility changes. "Ohhhh Yeah!" :cool: But too, for a lesser-traded underlying, don't forget that passing interest/market fluctuations will change bid, ask, bid-volume, ask-volume, blah blah blah.... So the greater market 'fair' price...
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