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It's a shitty bill & won't solve any problems anyway, except bail out the dumbasses on Wall Street. Go DEMS! Thank you for listening to your constituents.

Isn't that what George W. Bush promised us? Didn't we have a surplus when he was elected? What we've ended up with is a bunch of "don't tax & spend" Republicans.

My theory (did I read this somewhere today?) is that a bank such as LEH had accumulated a large short position in gold futures. It was a brilliant trade, except they got forced to cover it in an untimely manner. Now everyone else who was short got screwed too. Is that crazy? Does LEH even...

Price of a forward currency contract ("future") is dependent on interest rate differences between currencies. Since future interest rates are suddenly up in the air, I bet the arbitragers have turned off their machines (futures vs. spot) so we have all these relative fluctuations today. Never...

George W. Bush needs to hold a press conference and restore some confidence in the markets. This is getting out of hand.

Don't they have daily limits on the NYMEX? This is bs...

Sheez, this trade has been working so well. With gold up 8% as I write, maybe I should double up? :D

Quite a move in the butterfly: How much more room to run is there? Any ideas? http://www.futuresource.com/charts/charts.jsp?s=EDU07-EDU08-EDU08%2BEDU09&o=&a=D&z=610x300&d=medium&b=bar&st=

Go to http://www.treasurydirect.gov/ You can put your money in treasury bills for 30 days or 90 days and earn about 5% these days. You just have to roll it over every month if you choose 30 days. One advantage is that you don't pay state tax on this (only federal tax). (I'm...

Hey FullyArticulate, What would be a good source of "rolling contract data"? Thanks!

Question: Is that long June 2007 and short June 2008 or vice versa? Sorry, I am confused by the terminology a bit still. Thanks for the CME PDF file.

Anybody know a free source of Eurodollar spread charts (including historical)? I just dumped my Tradestation account. IB's charts look a little funky.

Do you guys know anything about the options that are supposedly available starting this week on GLOBEX? http://www.cme.com/trading/prd/ag/elvstcoptover20828.html I am using IB and can't get any quotes on these, although there is supposedly going to be a marketmaker. I am trying to look...

I will keep that in mind before I bend over in the shower again.

Okay, I just gotta share this about IB (and don't think it's because they're going public and I want into the IPO...http://elitetrader.com/vb/showthread.php?threadid=81461). I made my first pit trade ever through IB today. I had opened a EUR futures/futures options position last Wednesday on...

Joel, You have some good books on your list. Just remember that live trading is never quite the same as reading. Open an account with IB and then get some experience paper trading: http://www.interactivebrokers.com/en/software/paperTrader.php?ib_entity=uk The minimum is not too high...

The good thing about options is that (unless you sell naked options) you generally can't lose more money than you have in your account. (But: I do recall an instance described on this forum where a guy went into expiration with 20 barely out of the money GOOG calls in his minuscule account...

Batman28, There have been electronic options on gold (ZG) since 2 months or so. See http://www.ecbot.com/cbot/pub/cont_detail/0,3206,1014+36080,00.html You can trade them with Interactive Brokers. Spreads are relatively tight for options and there seems to be a good bit of activity. I have...

Second thought: Your calculations are off. You are looking at a 650/665 guts straddle. Premium is $29.80 (your quote). Multiply that by 100 oz. and then by 20. Total premium = $59600 The guts straddle will have an intrinsic value of $15 (= 665 - 650) * 100 * 20 = $30000 if gold stays...

My first thought was that you need to look at the expiration date of the options. June ZG options (ECBOT) expire this Thursday, May 25.