I've been long upside deltas in flies and long the Sep/Oct futures switch. 10:1 favoring flies. It's done ok, up 10% or so on combined haircut.
Nice. A better line in that episode from the Chinese announcers is: "Oh my, I haven't seen an American die like that since Abraham Lincoln!..." "Dude that is-a not cool, you-a gonna get us in troubre again..."
this is a good articale.. about the vix futures... if you trading in these ETF's you better know how the term structure works! http://www.futuresmag.com/2010/08/18/understanding-vix-futures-and-options
Funded an IB account for my son with the specific purpose of getting at those VIX futures (I'm at TOS, which only has the options). Not a big deal if he blows up; all he has to do is last 'til January so's I can gift him w/another 10k tax free to replenish it. Of course, if it turns out he actually knows what he's doing, well, cool. Stranger things have happened...
Wow. How old is he My dad luckily never bought me a thing... no cars, businesses, go angel investments... oh yeah he did pay for 14 months of rehab!
another good article.... read this .. http://www.futuresmag.com/2012/08/21/market-fades-volume-shrinks-resistance-highs-remai?ref=hp
College is basically an expensive way to get laid... 50k for what kinda schooling... my parents did florida prepaid... yet im. Still a savage unedujamatced fool! Haha..
i wish him/you luck in the futures..just fyi i've seen many guys who seemed to know how to trade get destroyed here...its far from intuitive..but if he's the rare guy who can make it...kudos.
I've been sharing my little bit of knowledge, and he attended a CBOE seminar and has been reading up a lot on all this. Of course he'll paper trade first, especially since the IB interface ain't TOS by a long shot. So, he'll be approaching it sanely. Not that that doesn't mean he won't blow up, of course.