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  1. tommcginnis

    Milk is bad for humans

    Eons of evolution suggest that you're wrong. Not only do you acquire a robust immune system wrt the bad stuff, but you recharge the amazing flora you *should* carry, of the good stuff. We "sanitize" at our peril.
  2. tommcginnis

    Powell's January 10th Speech

    One day, when you're older, you'll read about how the U.S. Treasury and the Federal Reserve Bank are two entirely different entities, with entirely different goals and policy tools. And that will blowwwww your mindddddds.
  3. tommcginnis

    2018 PL

    Oh, not just different parameters, but wholly different entities -- e.g., yours trundles along and on occasion, violently spikes (being a very quick upsurge, followed by a just-as-quick drop). While mine (in tracking "an" underlying) bounces along upward or downward -- but in...
  4. tommcginnis

    Milk is bad for humans

    A non-smoking friend ran ultramarathons -- one of the best around and for many years -- but died from throat cancer. Just read this from a 2016(??) Outside article on the iconic Noakes... 'There was one question that always fascinated Noakes: Why wasn’t he faster? Competition, he realized...
  5. tommcginnis

    Principal Components Analysis

    Sweet. But, it's at the edge of my own experience... (Did this with SPX options -- very nice results in a horrifically low-vol environment, where *any* bump was a good bump.) Which is where I would direct you. So, "No help here." Because of all the repetition, it's probably not all that much...
  6. tommcginnis

    Milk is bad for humans

    I have a pint of homogenized whole milk with two teaspoons of instant coffee, each morning for breakfast. Most times, I have a heaping teaspoon of whey protein/chocolate pudding powder in there, too. I'm 58 and will shortly do my first 50-mile run in over a decade, on the way to a 100-mile run...
  7. tommcginnis

    Options spread profile - Max profit value

    You have already been informed that StrategyBuilder sucks. So do some homework, find another way, and get to it. Do your own analysis, away from the keyboard, and rely upon those TWS numbers which match your own. TWS was made for TRADING, not for analysis, and not for hand-holding. Speaking of...
  8. tommcginnis

    I'm sort of retarded, why is this a positive P&L

    I don't believe that sufficient evidence has been presented. {"Ahem." :wtf::rolleyes: }
  9. tommcginnis

    Algo Watcher / Operations Guy

    It's 2019. It's a trivial thing to segregate funds or access into a sub-account or for a sub-user.
  10. tommcginnis

    Noobish Q: Why isn't the delta on ATM options always 50%?

    Delta is the rate of change of the option price relative to changes in the underlying. Always always always. Delta is a handy approximation for the other three roles in which it is commonly used. [Hedge ratios and P(ITM)]. The P(ITM) role is the weakest, as there is no direct link. The BSM...
  11. tommcginnis

    Algo Watcher / Operations Guy

    Local (SF) student; fee-based; econ, pol.sci., math, acct., fin., P&O, major (means: conversant with some market terms, and/or aware of current events and potential impacts). They'd likely have free access to a T1 line (robust 'net), They'd be entirely trainable, They'd come from a cohort from...
  12. tommcginnis

    questions about combo orders

    There you go. Variously, a "linked" order, Parent + Child, etc etc.
  13. tommcginnis

    Short selling

    "Portfolio Margin" and the evils of SPAN...... sounds like a bad grunge band....
  14. tommcginnis

    Question on Liquidity of Option strategy trades

    Yes: liquidity will drop much quicker ITM than OTM as you move away from MKT. This may or may not be seen in volume-per-strike, but you will see the bid-ask spreads go wider by 4x-5x or more. Ugly. Again: there are 3-4-5 ways of entering orders in TWS. If you do not learn them all, you will be...
  15. tommcginnis

    2018 PL

    WOW. VERY interesting. Now, I don't mean to jump on your screen-name, Vol Algo, but these numbers seem to match a volatility algorithm very nicely. To wit: What really jumps out at me is that your long and short average profitable trade are so far apart (16 days, long//32 days, short) -- to...
  16. tommcginnis

    What protective put if any in this situation?

    I know nothing about the stock, but I would consider selling a near-OTM call -- capping gains at call2 - call1 + [call1cost - call2price] still carrying risk of gains lost from mkt - call1 + [-call1cost] but now mitigated by the premium from call2price. It's *still* a trade. It's *still*...
  17. tommcginnis

    Introduction to Bookmap

    Looks pretty snazzy, but Bookmap 2.0 will have ☼ options, and ☼ allow for cross-market visualization (i.e., underlying+future; underlying+options)
  18. tommcginnis

    Looking for Historical Tick Data, need accuracy

    How long are you planning to hold? What is the periodicity of the movement you wish to capture? If you're looking at a 7-10 day window, then an hour is a good "tick"...
  19. tommcginnis

    Trading option strategies on IB TWS

    https://elitetrader.com/et/threads/ib-tws-layout-nightmare.307561/page-9#post-4450754 ??
  20. tommcginnis

    Trading option strategies on IB TWS

    Worth repeating. Yep. Yes and no. The market will trade what you proffer. If you submit the two legs as a (fixed) combo, it will trade (to you) that way. Watch your trade history(s), and you will see what guru described above: sometimes one leg (or part of one leg) will trade in through one...
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