My Options Play II

tell forex-forex you lost a lot of money multioption.. this way, he can rest easy at night.....


are people always so negative on this site? (honest query???)
 
Quote from novel20:

forex-forex, just give Multioption the benefit of doubt.

I'd like to see more of his trades. :D
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I admit Multioption's unconfirmed track record is very good, EliteTrader has lots of threads on unconfirmed gains. But his confirmed track record is dismal. :(

I assume you want to see more "trades" for the entertainment value not the educational value. May I suggest Nacho Libre? :)
 
Hey Forex-Forex,

I appreciate your critique, actually I've learnt so much about humans (still learning though) especially on web forums and I'm using the acquired knowledge to be a better person. I hate to admit it on this forum considering that a couple of friends lost money on AMD trade, yet I will tell you the absolute truth. I had just a few minutes to stay online the day Dell gapped up, hence I set a trailing stop before leaving for the hospital. If you go back on this thread, you will notice that my last post before I showed up again was a day before the announcement - 05-16-06 11:36 PM. Not that it matters, but I'm obliging you this info so you can realize that your conclusion on AMD trade is off tangent.
 
Quote from Multioption:

If you go back on this thread, you will notice that my last post before I showed up again was a day before the announcement - 05-16-06 11:36 PM. Not that it matters, but I'm obliging you this info so you can realize that your conclusion on AMD trade is off tangent.
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This would be your last post:
05-16-06 11:36 PM
Be infomed that I will duly update on AMD trade. I'm long 150 contracts of AMD July 37.50 Call bought at avg 1.60/contract.
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No mention of a stop. If you entered a stop after that post an ET update would take less than 30 seconds. With well over 100,000 views of your My Options Thread I would think that an ET timestamp would be important to verify a big change in your position - adding a stop is a big change.
 
Quote from riskarb:

You'll need to offer the MMer a +expectancy > the risk-free rate to see a fill. Conversions are similarly risk-averse, but involve a 3-way instead of the 4-way. It's a very difficult market to game -- there are fully automated systems that execute these w/o any human intervention with direct lines to the exchange.

There are some limited opportunities in hard to borrow short-stock reversals and an occasional mispriced arb due to merger complexities. By and large it's an academic exercise.
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So BOXes that yield a good return are almost impossible to execute ? Waste of time ? Thanks.
 
Quote from Cluseau:

So BOXes that yield a good return are almost impossible to execute ? Waste of time ? Thanks.
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Yes, yes. Boxes are double synthetics.
 
Quote from riskarb:

Yes, yes. Boxes are double synthetics.
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Boxes were new to me but i found out quickly the cost of carry outweighs the returns.

{Wish i had your knowledge with options and the greek orders, risk. Trading mostly equities for ten years until about eight months ago when i went full on options. The transition hasn't been easy--my overall averages are fucked now b/c of the transition--but i'm holding my own and loving it!}
 
Quote from Cluseau:

Boxes were new to me but i found out quickly the cost of carry outweighs the returns.

{Wish i had your knowledge with options and the greek orders, risk. Trading mostly equities for ten years until about eight months ago when i went full on options. The transition hasn't been easy--my overall averages are fucked now b/c of the transition--but i'm holding my own and loving it!}
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It's great to be involved in a market in which the retail participant is predominately of the gambler-mentality. Many more opportunities in options than spot. Good luck.
 
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