Search results

I have searched everywhere for that article , even Lexis/Nexis. Couldn't find it.

if you had ADD, you would never be able to keep a list of stuff conistently. As someone who has ADD, I can say that it is real and not an excuse. Meds can help a lot. I have had signifacntly fewer errors than before which had cost me a small fortune. As it happens, I went and got diagnosed...

If you need to trade stock, it is of great benefit. Also, you don't get stuck in positions that you have to wait out till expiration or else you pay out the ass to get out of.

If you're trading DITM, then it really doesn't matter as just like you say there isn't much time premium anyways. DITMs should be looked at like stock. As a retail trader, I often used them to free up capital or to put on a larger position than I normally would have. So, it's possible I...

Generally, I try and capture the vol implosion. Also, rarely do I try and game direction although sometimes I can't resist. Earnings are a crapshoot most of the time. Even though I look at YHOO and see a stock where the market doesn't seem to anticipate a great quarter, there is always a...

Yeah, I saw that, but I didn't have mine open either. I think the only place that you could potentially be arrested is in Louisianna.

I'm working on a Phd in Econ. I decided to do this for a couple of reasons. One is that the job market is very strong. Second, I actually tried to leave trading but found my skills weren't sought after. I returned to trading and decided to get my Phd just in case I wanted to do something...

Yes, wings are cheap, especially during happy hour. Seriously, I'm not sure I would load up when we have August fast approaching, but Oct seems attractively priced.

Thanks, that clears it up. I'll take a look at it tonight and after I find my Office disk, I had to reformat last week.

I reread some of the Baird book in the last few days since it was mentioned here. There are definitely some good things discussed there in, although it could go a littel more in depth.

Let me get this straight, you are calculating just the probability that the call will go into the money based some volatility measure. You don't actually see if it does touch? I'm a little confused.

It doesn't look like the market is agreeing with you on this. The stock is a couple of points off the early June highs. Although, a surprise could push it easily past 39. I have on a diagonal, aug/sep 37.5/40 call spread. The stocks recent vol is well below the IV. The 37 line seems...

Agreed, you need to read these books multiple times and the Baird book is pretty good too

Interestingly, I just read today a book by Carol Alexander called Market Models. It has an excellent discussion of volatility in it along with a bunch of models to estimate it. I was seriously impressed as she adresses some issues for options traders. It may not be what you're looking for...

Speaking of blowing up! About what I posted, it was too early in the morning. It's tough going out for a couple of beers during the week and waking up at 6 am. Generally, a country with higher inflation will have a weaker currency. With China, you have a couple of different factors. One...

Ah, I was wondering whether the correlation for these two was high or low for this type of trade. So, it's low, but you have nice edge. Have you looked at how much edge you need to overcome the poor correlation? I'm trying to think how that would be done. I guess you could just do a monte...

Very interesting, I thought that it was going to breakdown last week, but it seems that the broad market rally saved it. Fortunately, I covered my short first thing Monday morning. I think there is too large of an open interest in the 20 strike for this to rise above that level tommorrow. It...

I look forward to it. It should be interesting.

There is a book by Cottle that is available somewhere for download. You can't buy it as it's out of print. The old print book was called Options Perception/Deception. I think the online one is called Coulda, Shoulda, Woulda. It is an excellent read. I recently reread my original print one...

I'm fucked then, lol, but it all goes away in 2 days. Seriously though, it would be tempting to buy vol with as active as market has been, but this will quickly peter out when Aug comes along. Front spreads and flys here I come. Of course, I probably couldn't resist a few backspreads for a...