You're intellectually and physically outmatched, and it's not a photo-finish. You were obliterated on the Buffett thread, which is painfully obvious as you mention the thread every five minutes. A shame that Buffett proved his marks were bogus by increasing the loss reserve from $5B to $8B with an unchanged SPX mark, EOY 2008 to the June 2009 release. Unrelated? He mentioned that there wasn't enough liquidity in the option markets. The fool doesn't know a put from a call. Veyron stated in numerous posts that European-style vanillas could not be offset prior to expiration, there is no other context. Your continuing-existence is proof of your cowardice and the survivorship-bias; as you wouldn't talk shit face-to-face to anyone over the age of 12 and live to tell.
Are you really that stupid? Have you ever traded FX options? Or options of any kind? Euro-style expiry in no way precludes trading, just early exercise. Your screen shot was of Euro-style options. You've just imploded here.
So your "What is the delta of an atm call on USDJPY at zero-swap? What is the best-practice replication of a lookback option?" BS is related in any way to the topic under discussion? Are you a) stupid, b) ignorant, c) an arrogant prick? I guessed c and I think I am right.
Those "option thingy-things" would make cool names for mattresses. "Reduced Call/Put Ratio Back Spread Pillow-Top Option".
Why would Veyron show a Demo account from 2006 as proof of how he's dominating the market today? Furthermore, it's obvious that he may not understand what is meant by "exercising" an ESO. It's clear that he believes that exercising an option equates to liquidating your option position. Now those ficticious option names are quite disconcerting. I'm actually afraid of his mental state.... The bottom line is that community forums such this this one is best served if we all can use it as a "think thank forum", whereby ideas are exchanged and improved upon. However, it's sad that it has become a place for "grandstanding/haughty" and "sociopathic" behavior. Walt
he was right on that one but wrong in his approach as so often. If you know what you are talking about then you should be able to keep it straight to the point rather than twisting around your own axis three or more times in a row.
"Stupid," is in the results you produce, or fail to produce: http://www.elitetrader.com/vb/showthread.php?s=&threadid=173885. I don't play a trader on TV. Nor, did I sleep in a Holiday Inn Express last night. I trade the markets, doing what "Elite" traders are supposed to be doing. The results speak for themselves. Clowns, also speak for themselves. Now, you tell me how to capture almost 200+% of the weekly ATR in a single week and using a SINGULAR trade profile and I'll finally consider you an "Elite" trader. Until then, you wish you were an "Elite" trader............. stupid.
That's easy, all you have to do is...... In the currency spot market....If you can develop non-directional trades, then you are not naked at any time and no matter what the market does, you will always turn a profit. No "arb." No triangles. Use a proprietary Fibonacci derivative that wraps multiple positions around the same pair What do the numbers: 1.000, 1.618, .715, .233, .233 and .233 all have in common? I had to "tweak" the Fib numbers What makes it work is the combination of a powerful technical approach AND a fairly cool trade strategy coupled to some keen money management That's about as much as I am going to give you.
Now, you are learning! One day, in the not so distant future, you may even reach genuine "Elite Trader" status.