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  1. K

    CBOE Issue with SPX/RUT/VIX etc...?

    It appears the SPX value is not printing. Neither QCharts nor IB has any prints 20 minutes into the day for SPX, VIX, RUT and others.
  2. K

    Cap Hill police plan to issue arrest warrant today for Rep. Cynthia McKinney...

    What's scary is that a district - albeit gerrymandered - elected her. Imagine what those people look like.
  3. K

    Texas Hold 'Em Poker Question

    You played it correctly. Those beats are going to happen but you will win those hands the overwhleming majority of the time. Failing to add the additional pair would add another 1:5 to the odds, NOT considering the fact that two aces were being held.
  4. K

    Rates on IB Notes

    I don't think they are on the site. My understanding was that the notes are a private offering to certain qualified individuals and institutions. As always, I may be mistaken.
  5. K

    Writing options for a living

    Donna, Thanks from me as well for the kind words. My "axe to grind" around here is keeping the facts separate from opinions and trying to keep the record straight as much as possible. There are so many ways to make money in these markets. I don't frown on anyone's strategy and think...
  6. K

    Writing options for a living

    Hedge funds and managed futures funds all report returns AFTER the 2/20 has been extracted. Whether it's 2/20 or 6/50 - a la SAC - the returns are apples to apples. Many fundamental funds have long term holdings, long lockups and are very sensitive to the tax consequences imparted to clients...
  7. K

    Writing options for a living

    Yeah, I guess I just don't get it.
  8. K

    Writing options for a living

    I have to disagree. I've been doing this for some years and have done quite well. Time will usually expire before my wrongful prediction comes to bear.
  9. K

    SAC & Gradient Sued by Bioval - 60 minutes

    So what. And Camelback did it? What if SAC told them to jump off a cliff? Same thing with the report. The way I see it, SAC is clean on this one. They have other bigger potential issues from what I've read, but Camelback issued the report. SAC and all the other funds can tell them to print...
  10. K

    Writing options for a living

    ??? I think many of us write options due to our confessed inability to predict underlying direction. Maybe you aren't defining the word "adjustment" as others do. From your implication that option writing puts you in a hole as a matter of course, I take it you don't highly regard the...
  11. K

    Steve Cohen on 60 Minutes now

    Didn't look like much of a case against SAC. 60 Minutes is a great show and they usually have a bit more substance in their stories.
  12. K

    Money Mangers Marketing

    I see a surprising number of funds and managers who just reinvent themselves every few years. Some of these guys with "new funds with great records" have been NFA members for a very long time. Fortunately, the BASIC system run by the NFA makes it easy to track previous affiliations...
  13. K

    whats wrong with this strategy?

    Since you are buying the YM at 11450 and sold the call at 11350, you are already down $500 at the time you bought the YM to make the covered call. This is because above 11350, you owe someone a YM at that price. If you bought YM at 11450 and it dropped to 11350, you would make $100. You'd...
  14. K

    Money Mangers Marketing

    I don't think there's much choice for anyone. You simply report month by month returns and the software of the reporting website takes care of the math.
  15. K

    Money Mangers Marketing

    Max DD typically refers to the snapshots taken at each month's close.
  16. K

    S&P500 Options expiring on last trading day of the month

    I have some questions. I should probably call the CME, but I'll pitch a few queries here for anyone who knows. Are the big contracts going to be traded on Globex during the day? If so, this would seem to circumvent the pit. These are in addition to - and not replacing - the standard...
  17. K

    Who's the Better Trader?

    I guess I am in the minority, but I have to favor the 35% return. Sure, it's only one year. We don't have the strategies or the circumstances of either manager so it really is too little data on which to base much. At the end of the day, what are we all shooting for? I thought the score...
  18. K

    Who's the Better Trader?

    ...and the name of your fund?
  19. K

    s&p premium

    FHL, If it weren't tied, then it wouldn't be arbing. No?
  20. K

    s&p premium

    The futures value is tied to the index, which is tied to the 500 stocks that comprise the index. I'm not sure how supply/demand figures could manipulate this number over the cash index. Another way to think of the relationship is to take the position of one who would hold the 500 stocks vs...
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