The OP has started the same thread 3 different times now. In each thread the others on ET try to tell him the folly of his logic, but he refuses...
Mr. Kevin Butler, is it? First, the trading position you use as your set up isn't fully explained. Then, your EV calculation is not...
If vol is high you are correct. You must choose the strategy to match the situation, rather than look to use one (or two or three) pre-defined...
At some point the IRS will have a problem with this.
A fine of $50 million or so is far from sufficient. If they used $21 billion in customer capital to trade with over 7 years, they probably...
I haven't followed the exact details of the Obama tax bills, but didn't he suggest that charitable donations no longer be a tax write-off? If that...
It depends what you mean by "up market" as well as "poor strategy". Coming from a high volatility, with a non-drastic up move, you would make...
Selling a covered call is one of the best strategies to make mmoney in an up market. Buying an OTM call requires a monster move, as the OP has...
The only actual trading pit left at the CBOE is the SPX. There are no CBOE clerking jobs available with trading firms. To get an entry level job...
Rodney King is exactly correct. From the time we get an underlying update we can reprice an entire option chain in 2ms, and send out new quotes...
Once upon a time, customers had longer to exercise their options than MM's. Now, the rules of when to exercise an option are the same for every...
Order cancellation fees are the only rule that would favor the MM's. In practice though this rule is more for the exchanges that have to process...
Option sellers may do very well for 2, 3, even 5 years. Sooner or later, they all blow out.
OP, Your first mistake is to compare your max loss, to the premium you are paying for your guts strangle. You can only look at long extrinsic...
There are too many players that are higher up on the food chain for this to be possible. You have not found an arbitrage, nor will you. I...
This is very good advice, and should be done whenever possible. Unfortunately, it isn't always that simple. No brokerage company can survive...
The victims in pre-arranged trading are the market participants NOT INVOLVED in the pre-arranged trade. The willing participants are the ones...
You are wrong. Your statements are not based on facts. 30 seconds of research will show you that....
The low spreads are an illusion. They increase the price impact of liquidity, which equals LESS liquidity not more. They are driving out the...
I am probably not using the term internalization as it is legally defined. However, Getco definitely makes trades against order chicago order flow...
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