SPX Credit Spread Trader

Richard,

SNAGIT, (for a small price), will allow you to screen capture scrolling webpages, video, pics, webcams, you name it.......

http://www.softwarecasa.com/pprod/212401dd.htm

A FREE easy to use screen dump which is very powerful and saves files in numerous formats is MWSnap

http://www.snapfiles.com/get/mwsnap.html

Personally, I use a program called Irfanview... very nice also.

I also like a program called TotalRecorder. It allows you to record internet programs by setting the url and time... similar to a VCR... 'set it and forget it'.

Enjoy,

Murray



Quote from RichardRimes:

the only other thing was that the humans are so far down a bit.
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Wow. That was a very interesting article.

Algorithmic trading is something sexy sounding that you can sell to investors.
Bloated IT department churning out curve-fit trading systems doesn't look nearly as good on a prospectus.

I guess they don't want to come right out and say that their systems didn't work. They are whining about $5MM per year for upkeep of the systems? Please. Its chump change if the systems were making good money.
 
Quote from optioncoach:

I will post at the market close... basically as a teaser I rolled the SEP1340EW/OCT1360ES spread to a OCT1355ES/OCT1375EW for a net credit of 2.90 * $50 *270.

So I shifted the expiration out one step and moved the strike from 1340 to 1355.. That is why I like the ES future options, more expirations to choose from..

I will provide the details shortly...
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I just let them expire and it looks like this was the best shot under present circumstances. I had had long ES futures however, and sold 1350/1340 EW put 3 days before expiration, so final result was lesser, but still acceptable.
 
Question going back to the discussion on CTM spreads,

How does it compare with simply doing a calendar spread? Perhaps any advantages of the IC may be offset by increased commissions and slippage.

Perhaps volty would need to be factored into the decision.
 
Quote from jeffm:

Wow. That was a very interesting
I guess they don't want to come right out and say that their systems didn't work. They are whining about $5MM per year for upkeep of the systems? Please. Its chump change if the systems were making good money.
More...

actually that Global advisor guy was saying that the mechanical algorithmic system WAS working better than the humans. However the maintanence and cost of the systems are hugh and when markets change then they have to be reprogrammed (my guess) thus the life span of any algorithmic method is short (?)

I have no clue about any of this as I'm pretty much discretionary and have never been sold on "black" box trading. There is no question that the IB's and HF DO use quite a bit of it...if nothing more than for speed of execution and as they said the ability to chop up a hugh trade into more manageable size.

Murray thanks for the suggestions..unfortunately with each new program I need a personal geek valet :( hopefully I will find time this winter to work on it!

sorry to be OT coach!
 
rr, thanks for the article. why any organization would trade using a mechanical model and NOT be entitled to performance compensation is beyond me. they are using a hf business model without the hf compensation plan, no wonder they are not making money.

Quote from RichardRimes:

actually that Global advisor guy was saying that the mechanical algorithmic system WAS working better than the humans. However the maintanence and cost of the systems are hugh and when markets change then they have to be reprogrammed (my guess) thus the life span of any algorithmic method is short (?)

I have no clue about any of this as I'm pretty much discretionary and have never been sold on "black" box trading. There is no question that the IB's and HF DO use quite a bit of it...if nothing more than for speed of execution and as they said the ability to chop up a hugh trade into more manageable size.

Murray thanks for the suggestions..unfortunately with each new program I need a personal geek valet :( hopefully I will find time this winter to work on it!

sorry to be OT coach!
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murray, I have a delaware llc and gp. it works well. I also have the same set up in tx, but this before the franchise tax was created. I highly recommend a state without a franchise tax, but it is not the end of the world if there is one.
 
Prevail,

After searching and talking to people over the weekend... it appears Delaware is the choice for financial LLCs.

Do you have a contact I could reach for starting the procedure?

thanks,

Murray



Quote from Prevail:

murray, I have a delaware llc and gp. it works well. I also have the same set up in tx, but this before the franchise tax was created. I highly recommend a state without a franchise tax, but it is not the end of the world if there is one.
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i'll see if I can track that down and pm you. 'good sunday.

Quote from Sailing:

Prevail,

After searching and talking to people over the weekend... it appears Delaware is the choice for financial LLCs.

Do you have a contact I could reach for starting the procedure?

thanks,

Murray
More...
 
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