Like you?: http://elitetrader.com/vb/showpost.php?p=3950667&postcount=4 I find it hard to believe someone as abjectly ignorant as you would have the stones to solicit funds on here. Let's see that audit. I bet it's epic. A "third party" audit you say? Audited by someone not hired by yourself but by an outside entity? Yeah lol, let's see this SEC audit. Did the CPA help you get out of that iron condor you were having so much trouble with?
ES doesn't support a COB while SPX does support many complex orders. You can always hedge with ES. Comms are much higher with ES. <$8 r/t (or much lower in size) per fly in SPX, while the equivalent size in ES would be roughly double (or more). It all comes down to edge loss.
Yeah, the third-party audit pro. I am curious what third party litigation caused the audit of his trading "since 2005" Baron, can we offer input into raising the barrier to entry on this site?
SPX weekly options are more liquid then ES weekly options. Also, when ES options expire you get the future. When SPX options expire they settle for cash. I like SPX better, same tax treatment. 1245
First of all I don't consider either of you to be the average retail Joe, nor "new" or SLE..you all are more on a professional level with a great deal of experience. Its been a while since I've even looked at SPX weekly's. When they first came out they were not all that liquid. The problem is simply margin. Essentially if you want to sell strangles or straddles like Karen then you (as a retail trader) flat out don't have the margin to do it on the SPX. If you (as a retail trader) are trying to close a wide condor under duress good luck with the SPX pit. True..... complicated orders can't be filled but one or two short puts and calls are easy to sell in the ES....and you can easily buy the farther out put or call if/when you need to. To each their own , there are advantages and disadvantages to every instrument and strategy........................the biggest however to the retail trader is MARGIN and unless you do have portfolio margin (and know how to use it) I would still advise to stay away from the SPX.
The order book in ES is straddles/strangles, verts and calendars, IIRC. If you can fill (w/o nickel or penny granularity) near mid then you pick the one with the better fills. If you're going naked then you would want to be in ES.
Her fund is in the sec database. I believe it's hope investments. Her name is karen burton. Her fund had 95mm I think when I looked her up.