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This is what Volatility Shares said officially: "As described in the prospectus, SVIX may invest in options and other financial instruments. Although the Fund has recently begun investing in options, the investment objective remains the same — to track the daily performance of the Short VIX...

Yeah it's quite weird. Someone just made it up to sound greek and I don't know why they didn't pick an actual greek letter since there's plenty of others. This is the story I heard about it and not sure if it's true or not: "The story about its origin that I find most believable is the...

I thought I would share this here, although it's not specific to trading options, it is hopefully an interesting musing for you all.... The formula for human happiness is quite simple, and the greeks have had it all long. No, not the “Ancient Greeks” of Socrates and Plato, rather the more...

This does NOT cost $60-70k. If you are referring to drafting a PPM and fund docs, a specialist hedge fund attorney that knows what they are doing should be able to do it for $10-20k unless it's a complex fund involving Level 3 assets etc

Hello, I think you already know this, but ToS switched to 2 digit years. So your Contango script needed to be modified. Here it is working with 2 digit years. http://tos.mx/rZvawf Thank you for sharing your hard work on the Contango script with ET

I understand the deliverables are not the same, the UB future has a specific forumla for the deliverables while TLT just buys a bunch of bonds and holds them as long as they fit the requirement of being 20+. What IS interesting to me though, is that despite the duration issue, they DO seem to...

Maverick, noob question here. I only keep a small amount in TLT because I use most of my margin running other strategies. However, looking at the margin requirements for long TLT, short UB, it looks like you can use about 15:1 leverage. Assuming the correlation between TLT and UB does not get...

This is why you have 7600 posts and have 95 : ) Good point

I only trade ZB to hedge my TLT position which is there just to get me cash. It's not a perfect correlation obviously but pretty close. Otherwise it just moves all over the place

First of all, you only lost $900. That is peanuts. I understand you may be trading a small account maybe even $10k only. Losing 10% in a day sucks, but it's certainly not ruinous. If you're gonna play earnings, you need to do a lot of backtesting so you can understand how stocks and their...

If you are already a trader in Morocco that means there's already a broker serving the Moroccan market. Why would those traders switch to the new broker?

if you build your own platform you could get an account with a clearing house that is a member of the exchange you want to trade on and submit trades to them. You shouldnt have to get a B/D license if you don't have any customers. Or you can use a broker API like IB has. Just depends on what you...

BK does exactly that. Basically though your holding company just opens an account with a brokerage and trades. The reality is much more complex than that if you're talking about billions in revenue being invested etc

What did he do wrong exactly? Certainly not harmed the terminally ill since they got $10,000 that they wouldn't have otherwise gotten. Harming the death put issuer? Not really, if the issuer didn't want to issue the contract they didn't have to. That's like saying the seller of a put was screwed...

AM settle means option stop trading on Thursday evening but their settlement price (how much you get at cash settlement) is not determined until Friday AM. This can be an issue as essentially you are at the mercy of an overnight gap. PM settled options trade until the end of day Friday and...

I don't get that. TSLA is public they will read their P&ls and balance sheet and figure out what SCTY is doing. And you better believe on the earnings calls they will ask "how is your SCTY division doing?" I think Musk is just trying to get back control to get in on the right track. Market is...

You are spot on. Models only get you so far, sometimes what you thought was a perfect curve fit becomes way off base with an outlier. In the end, flexibility is key, which is why I'm open to listening to others and learning from them....except when they just dismiss the discussion outright. I...

i960, I like that flame warriors thing that's pretty funny! Not sure why nitpick though I'm asking him a very pointed question relevant to the discussion. Specifically, I don't agree that the VIX is spiking higher in 2015 than in 2008 due to the crowded vol space. Mav is saying "it's a stupid...

I see. You just don't answer MY questions. Is it because trying to would expose everything you DIDN'T learn in all you years of trading. Seriously though, I don't know why you get so defensive. I've been very respectful to you initially and you act very condescending. Well maybe you feel like...

You knew my parents? That's cool! There's another saying, don't mistake experience for skill. You keep bashing others and me just because we don't trade your style, yet I have never seen you answer any pointed questions, including the last one I just asked you. If I was a betting man, I would...