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NG has lost people a LOT of money this year...

Spot FX trades are bilateral, i.e. the counterparty is a dealer or, alternatively, some sort of broker (with a prime broker intermediary, if necessary). Futures trades are also bilateral, in a sense that you always face the exchange, through a clearer. In light of the above, the answer to...

The problem is that, unfortunately, Rand Paul will never get to be the President of the US. He's not saying the things that the American people and the political establishment want to hear, it seems.

My perception is that the attitudes in the UK (and, I guess, Europe) are very similar to what you describe above.

Yeah, and good for him... However, it seems that this is perceived to be such an unpopular stance that even Rand Paul has to come out with some sound bites about "condemning" etc. In general, he definitely has the right idea and I very much respect him for that.

Well, here's the thing... The problem for the US is that they have not really taken most of Ukraine from Putin. No matter how you slice it (and this highlights the idiocy of this particular sad episode of the adventures in American foreign policy), Ukraine, especially the Eastern part, depends...

Apparently, "the" Ukraine is offensive because it is used in the context of Ukraine as a region of a bigger country, i.e. Soviet Union. The country is called "Ukraine", not "The Ukraine". I have recently learned this myself, so there you have it. My point is that, if you agree with me, why...

Here's a novel idea... Maybe the people in Ukraine (no "the", by the way, as it's offensive) shouldn't be relying on Obama's anything. And another, even better novel idea... In order for the whole world to stop relying on the US, maybe it's time to stop fomenting unrest and encouraging...

IMHO, it sounds like a bunch of random bullsh1t...

May I reiterate my suggestion? Excel + basic Black-Scholes = Much joy and happiness This might help: http://www.espenhaug.com/black_scholes.html

On flies? What sort flies are these? Them must be some super flies or sumptin'...

Excel is your friend...

I know for a fact that traditional long only real money investors care very much about their risk of loss, regardless of whether they measure it in a formal manner. That's precisely why the "protective put strategy" and, more generally, the concept of "portfolio insurance" has always been one...

I don't recall seeing any such questions, sorry... I have no idea what edge there might be in something like this. I didn't mean to derail, sorry...

Yes, and there goes your parity... The fact that put/call parity for American options is formulated as an inequality, rather than an equality, is very well known.

Yep, this is correct... IMHO, for measles, all these phenomena are also echoes of that infamous 1998 Lancet paper by Andrew Wakefield.

In theory, put/call parity doesn't hold for American options.

No, nobody so far has managed to create a model for liquidity or, for that matter, to incorporate liquidity into any asset pricing model. Not to my knowledge and not in a way that is more or less accepted. I imagine there's a Nobel Prize waiting for whoever comes up with a good theory. As to...

Have you considered the possibility that you might have the causality of this relationship all wrong?

On the contrary, I am extremely surprised. This comes entirely unexpected (which you can also see from the behavior of the Eurodollar strip).