there are plenty of US-based futures brokers that provide very low intraday margin, i.e. more than enough rope to hang yourself.
Cottle describes a interesting gamma scalping technique that he credits to Saliba. Instead of adjusting deltas with the underlying, Saliba would...
doesn't he have a short book now in US bonds? sure, he's using every opportunity to talk bonds down.
nice chart, but i'm doubtful that the collapse of western civilization is monday's trade.
you must still be on ESM1 then. U1 never got to 75.
atty, nice trade on that AAPL summer vol fly. nice marks from 26 long. grats.
perfectly good trade, but you bailed on it.
Jun to Sep roll is tomorrow.
Another way to look to at the problem is to ask "Would I put this position on today at these prices?" If you view (dissect) your original...
Buy the Aug 140/146 call vertical 6 times for about .31 ($186), creating a risk-free 136/38/40 butterfly, i.e. a butterfly with a guaranteed...
I believe it's generally accepted these days that poker is a game of skill. If your skill level is higher than most of the other players, you...
Having played a ton of live poker, I found it hard to concentrate on both trading and poker. You can do both of course, but you cannot do both...
"Hey you bastards, I'm still here..." <iframe title="YouTube video player" width="640" height="390"...
Note my error above. 20 independent trials of 5 can miss a losing streak that crosses the 5 event trial boundaries: [11100] followed by [00011]...
It's a binomial distribution with P=0.75. The probability of 5 trials and no successes is: b(x=0; 5, 0.75) = 5C0 * (0.75)^0 * (0.25)^5 =...
Sell a 6 month straddle, cover it in 3 months, or when your vol target is reached. Pray that vol doesn't run away from you. It's a pure -vega...
You have an edge there with a nice vol smile or forward skew. You don't see that skew ordinarily in stocks or stock indices which exhibit more of...
Whether or not covered calls/naked puts smooth out volatility of returns is a separate question from whether or not implied volatility of options...
Didn't you want declining vol (-vega) in your OP? Now you want +vega? Which is it?
nice gap up of 130 S&P points today, er, wait, oh yeah, it's tos. my bad.
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