its official, greenspan is gone. i almost shed a tear.

Central Banks Watch

this is much more hawkish than the market (and me) expected. i still think bernanke does nothing in the next meeting, but this certainly opens the possibility of another rate hike.

Central Banks Watch

fed statement — For immediate release The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 4-1/2 percent. Although recent economic data have been uneven, the expansion in economic ...

Central Banks Watch

btw, whoever wins the Mini Cooper BETTER GIVE ME A RIDE!

Anyone using Forex.com?

oooohhh the pain!!! oh it hurts so bad. let this be a lesson to you young bucks out there! sterling, i feel ya on the partnership thing. its helpful just to have someone to bounce ideas off, and the benifits can go well beyond that if your partner ...

Howdy Partner!

LOL! john, you should know be able to draw this graph by hand before selling (or buying) options!!! this is a fundamental stuff man. my first suggestion would be to read and complete "The Options Workbook" by Tony Saliba. then read Natenburg's book. ...

selling options

Forex.com and their parent GAIN Capital are two of the best...

Anyone using Forex.com?

LOL! its so easy to forget about the practicalities. this is especially true in mechanical system trading. a trader will build a system that requires him to be on-call at 10 seconds notice for 24/5 and actually think they can follow the system !!!! ...

Vegas: "the house cares"

i think you are spot on. the dollar should have weakened from the poor GDP number for exactly the reason you state. but as mmills4x pointed out, the market cares more about the housing situation than the economic growth. if you look at the first ...

Poor GDP number and dollar rallies??

here is what the P/L graph looks like for the SPY options. you said you would sell the 136 calls, but i could only see a decent bid for the 132 calls. thats what this chart is of. the red line is the expiration graph, and the blue line is the ...

selling options

hey stalker, if you dont like programming, its hard to be competitive with quantitative trading. you should take a look at fundamental based trading, or chart patterns. im always a fan of doing what your good at.

programming

you should be able to draw the expiration graphs by hand. its the real-time graphs you need. i dont know any software off hand, but you may want to check out S&C's "10 best" list, i know they have a catagory for options.

selling options

i sure do. read post#7. using the underlying is another way, you can also create a spread, like a bull call etc etc.

selling options

i use TradeStation, but there are many others out there. you should be able to draw the expiration graph by hand, but the realtime graph is much more tricky to do by hand, you need some software. i highly suggest you have a picture of your realtime ...

selling options

john, do you have the ability to produce the P/L chart for this trade?

selling options

wha???? john, you are talking crazy man. do you know what delta is? selling far OTM options puts you in a position where deltas can pile up VERY FAST. you can, and will, get fucked, even if something less than "crazy" happens. do you have a software ...

selling options

your friend is very smart. writing is the way to go. but you need to be hedged in some way because disaster can come at any time. look no further than the goog puts i sold last month (see goog thread in stock forum). i would have been margin called ...

selling options

bloomberg TV, you can get it online for free...

Anyone know of a "real time" fx news website or tv station?

lovin it!

Vegas Wealth Builder - Part I

very nice! thank you sir. i just made a neat indicator that shows the probability live on the fed funds futures chart...

Central Banks Watch