Disqus - Latest Comments for Procol

Re: Gay men sue New Jersey ‘conversion therapy’ group

Procol — Sun, 02 Dec 2012 22:50:48 -0000

why would anyone who wanted to #$% the #$% of someone of the same sex think there was anything wrong with them?

Re: And They're Off: Thanksgiving Edition

Procol — Mon, 26 Nov 2012 00:23:02 -0000

I keep hearing from folks that should know better about this 'betting against' boogeyman.

Sure, owners , trainers , and other wise guys are going to lay their horses and any others they think or know will run badly.

JUST LIKE THEY HAVE BEEN DOING FOR THE LAST 100 YEARS.

Since exactas, and triples, not to mention supers, they have been able to bank large (the smart ones) .How about we ban all exotics?

Let's get exchange betting in place, and lower the takeout to 10% or LESS. I'll take my chances with the insider money, same as I've been doing for 40 years.

Re: Game Theory In Action – Sunpower Tender Offer Dynamics | Kid Dynamite's World

Procol — Wed, 27 Jul 2011 22:10:08 -0000

Good post on a poorly understood problem.

The real issue here was why didn't more of the A shares get tendered. This was difficult or impossible to know in advance. By logic, both should have been pro rated in the 65 % area.

The subsequent blowout of the spread and 100% borrow rate raises many suspicions.

Re: Apple Pulls VLC Player from App Store Due to GPL

Procol — Sun, 09 Jan 2011 00:40:32 -0000

lol, phark Apple. Only a fool buys anything Apple related. Sell your Apple garbage on Ebay to another sucker and switch to Windows, where anything goes.

Re: VIX-Piracy Time! Daily Options Report

Procol — Mon, 20 Dec 2010 12:58:23 -0000

This is the same ZH that recently made a big deal of the ES Futures curve, claiming it was bearish

Re: Volatility Screen-Fest Daily Options Report

Procol — Thu, 18 Nov 2010 15:20:32 -0000

someone was suggesting that auto exercise would be a nightmare for traders having no intention of holding to expire. Would create much more risk exposure than a pure options position.

always look up , there may be piano falling

Re: Volatility Screen-Fest Daily Options Report

Procol — Thu, 18 Nov 2010 12:33:21 -0000

What happens to RINO options traders if the rat doesn't unhalt before expire.

Seems messy at best.

Re: Weekly Options Going Mainstream Daily Options Report

Procol — Tue, 16 Nov 2010 23:15:23 -0000

? nobody?

Trying to figure out how they sell 300,ooo itm calls to capture the div ( 30,000 calls o.i. some of which will prob not be assigned. )

How do they hedge stock price movement, cause they damn well didn't buy the stock. Do they already own it? Still some price risk there overnight, being short all those calls.

Re: Weekly Options Going Mainstream Daily Options Report

Procol — Tue, 16 Nov 2010 15:53:06 -0000

soon hourlies.

hey, explain how they handle 30 million shares of TGT in the div capture play.

Re: Screentastic VXX Daily Options Report

Procol — Fri, 05 Nov 2010 01:19:47 -0000

The only constant seems to be perversity.

Has anyone explained why the markets did the 2% jig in the OVERNIGHT and NEXT day , rather than on the actual announcement. I'm sure there's a perfectly rational explanation.

There always is.

Re: Flash Crash Delirium Daily Options Report

Procol — Fri, 01 Oct 2010 16:37:08 -0000

I'm shocked. I thought the markets would be able to absorb EVERYONE selling simultaneously at all times, with only a small discount for the liquidity provision.

Are they saying that's not the case?

Better stock up on ammo , canned goods, and gold quick.

Re: If You Like Expirations…. Daily Options Report

Procol — Fri, 24 Sep 2010 14:46:27 -0000

Now that you've revealed my secret, I'll have to get a real job, like investment counselor

Re: If You Like Expirations…. Daily Options Report

Procol — Fri, 24 Sep 2010 11:08:46 -0000

I guess the QQQQ close almost 100% of the time a week out.

I put the fig in a sealed envelope. At the end of the period, I tell you where I hid the envelope so you can verify my prognostication.

Re: Rent More Movies! Daily Options Report

Procol — Thu, 23 Sep 2010 20:53:36 -0000

Yep, suggest the hoards of you that own this a much much lower prices lock in the profits and send a bouquet of black roses to BBI management.

Re: Ads? Ok, let us explain.

Procol — Thu, 16 Sep 2010 13:32:34 -0000

Putting the ads on top like this is a mistake. Taking too much valuable space. No product is worth having to look at unwanted text all day.

You need to time the thing out , not have it a permanent intrusion

Re: The Daily Option Show Daily Options Report

Procol — Sun, 12 Sep 2010 01:03:22 -0000

Maybe you could take this op to explain how a market maker HEDGES properly when selling options with 1 day or LESS to expire. Seems it would be extremely difficult to do this and not take on quite a bit of risk.

For instance, GS 150's on Fri traded as low as 6 cents with less than a half hour to go. Saw a print of 75 cents before the close. Now how does a seller hedge that? Seems impossible. If they buy stock to hedge, they only have 6 cents downside protection, and would have to scramble as it traded over 150 to protect the short call.

Re: The Daily Option Show Daily Options Report

Procol — Fri, 10 Sep 2010 15:03:28 -0000

Maybe gambling is all you have left with investors mostly in bonds, gold, and canned goods.

Re: The Daily Option Show Daily Options Report

Procol — Fri, 10 Sep 2010 13:19:52 -0000

Time to sell your blog for that cool million you've been waiting for. CBOE should be willing to pay at least that for the name.

Options markets trying to get some of that hft action it seems. Hourlies anynone?

Re: Time to Back Up the Bernanke Truck? Daily Options Report

Procol — Tue, 10 Aug 2010 16:46:06 -0000

How'd you like a date with the babe next to him? For the right price I can arrange it.

Comes with a free case of Coors to break the ice.

Re: Captain Kirk Dance Party Time | Blog - Daily Options Report

Procol — Wed, 04 Aug 2010 22:35:39 -0000

Its fitting, as I believe Shatner put Priceline on the map. Sort of a Vulcan Mind Meld to use the service.

Re: Whatever Happened to…..Larissa Riquelme | Blog - Daily Options Report

Procol — Thu, 15 Jul 2010 17:35:44 -0000

GS options horribly underpriced the move. So much for efficiency.

In fact even after the stock spiked and the sec announce was a done deal, the 145's traded volume at 1.25 or so. Now worth $8. Seems the reaction here very slow motion,

Guess that bargain basement 500 mill took em by surprise.

Re: Chart VXX At Your Own Risk | Blog - Daily Options Report

Procol — Thu, 15 Jul 2010 14:01:56 -0000

You may be 100% correct, but so many dumb, stupid, charting tricks seems to work in this market that a little chicken entrail may not be so bad.

Re: Lebron Signs With VXX | Blog - Daily Options Report

Procol — Fri, 09 Jul 2010 12:40:32 -0000

Nice vol collapse on TSLA options today.

Re: Sample Size Follies | Blog - Daily Options Report

Procol — Sun, 30 May 2010 23:38:21 -0000

As they say at championship level Tiddlywinks, "Timing is Everything"

Ok, so they don't say it there, but it's still true.

They might say it at the coffee wagon at HFT firms though.

Re: The Revenge of the Calendar | Blog - Daily Options Report

Procol — Tue, 25 May 2010 13:29:38 -0000

You are badly mistaken.

You say, 'no one does' as in 'know'

I have it on good authority that the HFT boys know ALL, approximately .01 millseconds before it happens. No one said knowing had to be on a certain timescale.

PS They even know when to kick out their cardboard box (ie Three Card Monte) and run for the hills.