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Markettimer, Owing to the fact that I am, much like you I gather, a contrarian, this sounds good to me. One adjustment that I would consider involves the Japanese yen. Instead of being long JPY, I prefer to be short the Nikkei (NKD) in USD. I think that if the yen rallies, the decline in the...

I am interested. I trade exclusively options and futures but like the idea of an occasional meet-up. I'm in North York, and work in the afternoon so mornings and late evenings are best. Does anyone want to try to own this and take it offline?

I was going to ask that very question. Aside from how liquid the contract is, there is no information in there. Just because there is high open interest on a call for example, does not mean that there is substantial bullish interest because you don't know what else that trader has on. For...

You know what, you're right. I don't see OI on futures options. I was looking at regular listed options. Any particular reason you are looking for OI? To determine liquidity, just look at the bid/offer and the volume of the contract. If you are trading really big, I guess it would be a...

Launch "Option Trader" within TWS and you will see it there. Also, do what I do and open up a TOS account to mirror your positions into using papermoney. You get so much better data on there and it's much easier to manage your positions (beta weighting your deltas to the spy, IV charting, etc).

TOS is now covered by TD Ameritrade's capital reserves so you really have nothing to worry about. Also, even with the huge margin haircut from PM, if there was a position that went way against her and wiped out all her equity, the brokerage firm would be able to get her out of the position...

Ya, Taleb thinks that we underprice low delta options because we are not good at quantifying the risk associated with very large moves. It's in Fooled by Randomness. It's not to say that you can't produce very long strings of wins selling that 'junk' but one day you wake up and 1987 happens or...

Karen is legit. I also used to work at TDA/TOS and can vouch for Tom and Tony. As far as the strategy of selling units (5 or 10 delta options in her case) on the idicies, it's not the most ridiculous strategy in the world as long as you have a ton of capital to handle those black swan type...