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I wish we had a standard for discussing this, it's pretty simple actually. It always gets screwed up. You pointed out a guy that said it wrong, I believe what he meant was: -$0.002 per share OR/SAME AS: -$2 per 1000 shares OR/SAME AS: -20 mils The latter is the most correct and is...

Minor in Math had me take some interesting courses. Number Theory was one. The prof told us prior to the exam that the answer to every one of the 10 problems on a 3 hour final was either: zero or one Obviously it was how you got there that was the entirety of the grade. Dr Chen, appreciate...

Agree. I don't think 9/11 has the slightest bit to do with markets. Just a time for reflection. The SPX closed above the 1100 level, a feat that it has had trouble doing lately. This alone will spur on buying, subject to news . . .

Heard that Hold Bros may be moving to midtown Manhattan. Anybody know when and where the office is located? Better than Jersey City. -tx

Sounds like a good idea. Might just take off. Maybe you could have like 5-10 regular panelists, or rotating a few spots, with a comment period, like question period on regular conference call, where others could add their comments, questions or other value-added. Is that conference call really...

More than a tough tape these days. It's changed, even for you in crude. Every job wanted ad for a trader these days is for algo or systems or quant. Its getting to be Irobot out there. Somebody made a good point a few posts ago: trade boring stuff, bigger size. DD, INTC, CMCSA, XOM . . . I...

Thank you Mr Option James Bond! Someone else remembers when times were great so noone questioned Bill Clinton when he repealed Glass-Steagal (and handed the pen to Sandy Weil of Citicorp) or his sleazy back room deals to purposely do an end-around republican controlled congress to enhance Jimmy...

For argument's sake, please detail what he has done wrong and what could have been done differently. There are a lot of comments that he is a moron, needs to go, etc... None of these sceptics choose to detail what it is they have a problem with? Decades? He has been involved with the Fed for...

You are not a market-maker if you have no customers. You are not doing index arb if you are not doing all 500 stocks against the futures. If you are that's an impressive book at a 'Bright-like' firm. My post did not 'diss' high-frequency, some of my partners have automated trading boxes. I asked...

There is no doubt that there is not a level playing field out there for the average trader or investor. One thing that came as a shock in a story from yesterday was that 'high frequency' trading now accounts for over 60% of the volume on any given day. This type of computerized extremely low...

I am not nearly as convinced as the gentleman from Bright that is was strictly algo based. I think these algo's have ruined the marketplace for a lot of us don't get me wrong. Not just daytraders, anyone trying to get an order off in the marketplace. There have always been 'participate' orders...

My recollection was Jimmy Carter who put too much faith in Keynes. Bet on the fact that as unemployment rose in the recession that inflation would subside. Started with higher oil. What followed was one of the worst periods of stagflation in our nations history. This is why Jimmy Carter started...

Having lived thru 1987 I get the shivers when I see something like this OP. People lost vast sums of wealth that day. Some people on margin lost majority of their investments. As legend has it, the only people that were literally carried out on stretchers were a few of the CBOE market makers...

The OP had a legitimate question, one that comes up with a winning position all the time if you are longer term holder. All depends on your situation, someone made a good point about taxes and holding off if its near year end. In jwcapital's case, if you worked out the math it comes out to...

Not to hurt any of this threads feelings, but I think it pretty much summaized the year. Everyone doubted the continual slow bleed up. Vix of 20, TWENTY. The only good trades to be made were overnights, which can be a crapshoot, or between 9.30am and 10.30am. Can't really criticize people's...

Looking back over 2009 I wish I had taken more of my own advice on this. Check out the date. I felt fairly compelled at the time that this was important. It was a time of panic so I'll take some credit for this OP, as I have only started like 3 threads since 2003. It is not my intent to...

Bravo Ang, hope you bought them back then. Give us your 12/31/10 guestimate. Now is a good time to buy say a leap or Jan 2011 call. Almost a fact that volatilities jump at the start of a new year. I read this week that the AVERAGE increase in January for volatility was 40%. That would take us...

There has been a lot of Spinn on this but here is the answer to what I believe you were asking Spinn: You did in fact sell a DEC 102 SPY call. You are not nuts. These options expire THIS Thursday 12/31. Unlike most options that expire 3rd Friday of month. With Futures at 1119 as of the time...

Depends on what you put up, if you are licensed, if firm is a broker dealer or hedge fund. Their money/their losses - 50/50 and .01 share is standard with no fees, better deals out there though. Your money/your losses 95-99% and .003-.005 + fees.

Since you don't need to be licensed, I think this is in the ballpark. Have seen slightly better for 7, 55, 63 FINRA. The deal where they back you, what is the commission rate on 75/25? Does it go up to .01/share? You should ask this, I'm sure it does. If you are a K-1 partner and not a...