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Search: Posts Made By: SMCJB
Forum: Options April 6th, 2023, 11:17 AM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Sure. April Waha settled 42c last night and...

Sure. April Waha settled 42c last night and Permian 52c. That's actually up from last week. In bid week (Mar 27-29) April Waha traded as low as 0. For next month/May23 both Waha and Permian settled...
Forum: Options April 3rd, 2023, 03:25 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Never say never, but NO! Unless something really...

Never say never, but NO! Unless something really crazy happens elsewhere in the world! US is awash in gas. Production is up. Storage is much fuller than normal, and demand is down. Gas in west Texas...
Forum: Options March 16th, 2023, 12:38 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Something similar happened with Lehman Brothers...

Something similar happened with Lehman Brothers but the stock started trading on the Thursday following the Sunday bankruptcy before the Friday options expiration. I gather that the fact that the...
Forum: Options March 15th, 2023, 10:08 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Not futures related but have people seen what is...

Not futures related but have people seen what is happening with SVB / Silicon Valley Bank Put Options expiring this Friday 3/17? As people probably know the FDIC have taken over the Bank and the...
Forum: Options May 30th, 2022, 10:25 AM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
henry86401, Interactive Brokers have an industry...

henry86401, Interactive Brokers have an industry wide reputation for high margin requirements and a reputation for abrupt and aggressive liquidations for margin reasons. This will happen intra-day as...
Forum: Options January 27th, 2022, 04:57 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
For all you would be options traders out there....

For all you would be options traders out there. Interesting post/videos in another thread about pin risk. Don't know what pin risk is? If your trading options you definitely need to.
Forum: Options December 31st, 2021, 04:30 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
But aren't C-Corp dividends taxed, meaning you'll...

But aren't C-Corp dividends taxed, meaning you'll pay tax at the C-Corp level and then again at the individual level?
Forum: Options December 31st, 2021, 01:55 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Many/most brokers will require you to post a...

Many/most brokers will require you to post a personal guarantee if trading in a LLC hence negating the legal/bankruptcy protection the LLC provides you.

I'm not sure about your question on taxes....
Forum: Options August 18th, 2021, 06:03 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Thanks ron99. Really interesting or maybe...

Thanks ron99. Really interesting or maybe entertaining!



The key part of the SEC complaint is...
3. Each month, Hope caused the Funds to make certain “Scheme
Trades” that had the purpose and...
Forum: Options August 16th, 2021, 12:32 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
I remember the first day energy futures went...

I remember the first day energy futures went limit up or down, and trading was halted on the NYMEX, but trading on Enron Online continued unabatedly. Didn't take the NYMEX long to change that rule!
Forum: Options August 16th, 2021, 11:25 AM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
NatGas! I'd guess OJ, Coffee, Coccoa as well.

NatGas! I'd guess OJ, Coffee, Coccoa as well.
Forum: Options April 15th, 2021, 01:47 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
This is one of the clearest and simplest...

This is one of the clearest and simplest explanations (without over simplifying it) of option pricing and greeks that I recall seeing.
...
Forum: Options March 2nd, 2021, 12:06 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
They are not mutually exclusive! As myrrdin...

They are not mutually exclusive! As myrrdin said...

Knowing when not to trade is a very important trading decision. Minimizing losses is as important, if not more important, than maximizing gains.
Forum: Options February 28th, 2021, 02:08 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
I agree with all the support ron99 is getting....

I agree with all the support ron99 is getting. Anybody following this thread knows he acknowledges his losers as much as his winners. He was very open about how much in lost last March. Raises...
Forum: Options February 5th, 2021, 04:57 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Mixed thoughts on this Sagal. No experience with...

Mixed thoughts on this Sagal. No experience with either book.

In general I think trading options if you don't understand what you are doing is very dangerous. It's very easy to lose all you have...
Forum: Options January 30th, 2021, 03:25 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
I think you are over simplifying it. If your not...

I think you are over simplifying it. If your not familiar with the terms delta, gamma, vega, theta (and far less important in a ZIRP environment rho) I'd recommend you investigate further. Vanna...
Forum: Options January 30th, 2021, 02:31 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
If your trying to stay delta neutral than you are...

If your trying to stay delta neutral than you are trying to trade implied versus realized volatility. A lot of your results in this will depend upon whether your right or wrong, but also about how...
Forum: Options January 3rd, 2021, 09:22 AM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Jerard as a non-US resident I think you will find...

Jerard as a non-US resident I think you will find you can trade Bitcoin Options in many places. It's a lot more limiting for US residents as many of the crypto exchanges are off limits. While I...
Forum: Options November 19th, 2020, 03:39 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
March quoted 18575 with a high on the day of...

March quoted 18575 with a high on the day of 18720, so already up 3.5% in the two days since posting it!
Forum: Options November 17th, 2020, 12:20 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
For those premium sellers out there... With...

For those premium sellers out there...

With CME Mar21 Bitcoin quoted 18050, the Mar21 20000 Calls are 2400/2650!

If we say the 20000 strike is 10.8% out of the money and 2400 represents a 13.3%...
Forum: Options October 30th, 2020, 01:06 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Should have added, in 2016 between Fri 4th and...

Should have added, in 2016 between Fri 4th and Friday 11th the S&P500 had a range of 2083 (Friday 4th low) to 2182 (Thursday 10th High) which is 99 points or about 4.7%

S&P500 doesn't trade at...
Forum: Options October 30th, 2020, 12:56 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
11:49 Friday 30th with ES at 3254 the EW1 3255...

11:49 Friday 30th with ES at 3254 the EW1 3255 straddle is worth 156. That's a premium equal to 4.8% of the underlying for a 1 week option!

Alternatively the 3090/3415 Strangle (both strikes 5%...
Forum: Options April 12th, 2020, 01:55 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
The breakeven line is wrong. The Y axis is %...

The breakeven line is wrong. The Y axis is % returns so breakeven should be at 0%. Corrected below.
Done. See Below
Yes so many variables. All add some 20% vol changes later. That involves more...
Forum: Options April 12th, 2020, 11:02 AM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Sunday morning Math exercise.... ...

Sunday morning Math exercise....

https://nexusfi.com/attachment.php?attachmentid=294684

FYI
ES 2500 represents a 10% drop in ES, 2350 a 15.5% drop and 2200 a 21% drop.
Time decay is 11 days,...
Forum: Options April 9th, 2020, 12:18 PM
Replies: 7,370
Views: 1,987,034
Posted By SMCJB
Big Mike What are we looking at?

Big Mike What are we looking at?
Showing results 1 to 25 of 345

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

 


 
 


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