GBP/USD "cable" 1.8553/8556 Units in USD required to finance the purchase of GBP. You're selling the domestic currency to finance the...
Calling Chicago is of little use considering the product [marketindex] is not approved for trading by the SEC.
Well then, that renders in unusable for 100% of this community. It's a perception trade -- there is nothing to mark the product, and nobody is...
No, this is stupid. You're long the base/numerator as it is quoted. In this case; long dollar is short EUR/USD. At least make an attempt to...
The above was referring to index skew, but I have an account with UBS FX through an offshore account. Options are decent, but I clear spot...
Nice. I didn't know you were in DC-proper. We have the Chicago Air Show at North Avenue Beach. They don't fly the B2s in the show anymore, but...
I am paid to take a bearish bias, but I remain +PnL as long as the upside doesn't exceed two sigmas on my expiration cycle. I wait for days like...
http://www.dhamma.org/
I have quite a few hedge regimes. Initially I may hedge half of my deltas at each sigma -> hedging frequency and size increases as $sigmas...
Can I guess? Bright Trading! i win, I WIN!
I've touched on this earlier, but upside delta/long vega often earn on smile during an bull move. The OTM smile trades from concave to convex as...
I saw one bounce [yes, they bounce], "I sold call spreads and all I got was this lousy t-shirt!" Seriously though, tough break guys.
True dat, double true. money time SPX: 1362 SPY: 136
Seppuku
Won't happen. He'll earn on vol on a trade to his strikes.
Yes, the most efficient for storage by far. Excellent point.
I started saving quarters in a Hinckley and Schmidt 5 gallon jug while in kindergarten. By the time I was 18 I had >$16,000 in that jug. I...
Yeah, I kinda got that. Funny too.
I agree with this tongue-in-cheek assessment. I am short from '55 on SPX.
There is no such thing as a repair strategy. If vols had risen then you may have been able to quickly regain the loss on mark to market, but...
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