Is this a good rate?

Quote from volatilitypimp:



Let's say I write an iron condor on $XEO. It costs me 40K in margin for the month and I have 10K of my own capital in the position. So it costs me 30K x .0025 = $75/day x 30 days= $2,250. Let's also assume I earn $1 per spread so I make 10K at the end of the month.

So, instead of 10K/40K=25% return it comes to 10K-2,250 or $7,750/40K=~19% return (barring no adjustments less any commission). Hmmm...If I get paid 100% payout, this doesn't sound too bad I guess.

Actually, if I have 10K in my own $$$, then the return is 7,750/10,000 or ~78% return for the month(less fees & commish). Now that's more like it. :p Okay, I've decided this is a good deal, carry on then.
 
What is the companies name? Why does it have to be nameless?
You are doing just the opposite of what JMowery did by creating a site that reveals it all to everyone. An open book.

I think that is a very selfish act,

I dont see how you will have the respect of anyone.

Sincerely,

JC

Central Florida
JCBLESS@aol.com
 
Quote from JCBLESS:

What is the companies name? Why does it have to be nameless?
You are doing just the opposite of what JMowery did by creating a site that reveals it all to everyone. An open book.

I think that is a very selfish act,

I dont see how you will have the respect of anyone.

Sincerely,

JC

Central Florida
JCBLESS@aol.com

The firm's name is Navy Seals Quant Capital Management. They have brains and brawn, and you can't be a member because you don't know the secret handshake, or the secret knock. It's all very Skull & Bones like(which I actually do have a few friends in this society).

Well, too bad for you. :cool:
 
Quote from daytrade:

could you post a picture of the secret handshake? youll do it if you want respect here. :D

Well then, since u put it that way, here ya go. SHHHHH!!!


handshake.gif
 
Well in that case...ha ha...very funny...Then it is just as well for every one viewing this post that this group is not for most of us out there...

Hows it go in the movie "Skulls N Bones" if it is too elite, or too secretive then it can not be good...

Sincerely

JC
 
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