Trading Courses – Investopedia Academy

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

5 Best Features of PrimeXBT in 2020

5 Best Features of PrimeXBT in 2020

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PrimeXBT is a cutting-edge trading platform that bridges the gap between the cryptocurrency and traditional asset markets, providing a range of advanced tools and features for the optimization of the way its users trade and invest.
As well as this, PrimeXBT provides a safe and secure environment that is fully compliant with AML and KYC, and that uses advanced bank-grade security features in order to protect the funds of its users.
We're taking a look at the 5 best features of PrimeXBT in 2020, beginning with a look at what PrimeXBT actually is and the growth of PrimeXBT, before looking at the top 5 features that users at the platform enjoy.
What is PrimeXBT?

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PrimeXBT is the world's leading multi-asset margin trading platform and after launching in 2018 with a waiting list of more than 150,000 traders, PrimeXBT has rapidly grown over the past 2 years to today managing up to $2 billion worth of global trade every day.
PrimeXBT's reputation is built around the provision of advanced tools and features that are unique throughout the market and that provide powerful opportunities for traders and investors to reduce the risk and to improve the outcomes of their trading activities.
PrimeXBT lists a wide range of cryptocurrencies and traditional assets, provides industry leading margin trading, and packs some of the most advanced security features used in the market into its platform as well.
The Growth of PrimeXBT
What Distinguishes PrimeXBT from Other Platforms?
While there are many trading platforms that provide margin trading in 2020, PrimeXBT provides a safer and more secure environment for cryptocurrency and traditional asset margin traders.
Unlike many other platforms which have been hacked over the past few years, PrimeXBT has a clean security track record and has never been hacked, protecting its users with advanced features.
As well as this, PrimeXBT is considered to be one of the most innovative trading platforms in the cryptocurrency industry, integrating a range of next generation tools and features into its services and providing new ways of trading and investing for the cryptocurrency market.
5 Best Features of PrimeXBT:
Lowest Fees of Any Major Crypto Platform
Since its launch, PrimeXBT has provided the lowest trading fees on the market with a flat rate of just 0.05% applied to all trades, irrespective of the size of the trade or the asset class being traded.
While some of the major trading platforms provide lower fees than the average, PrimeXBT's fees are significantly lower than any other platforms and up to 10 times lower than the most expensive platforms to use.
This has ensured that PrimeXBT’s traders and investors are able to minimize the cost of trading by using the platform, and to maximize the revenue that they generate in the market.
Powerful and Reliable Platform
PrimeXBT is a powerful and reliable platform that packs a range of professionally-engineered tools and technologies into its systems, ensuring that traders can engage with the market in the most effective way possible.
Perhaps the best example of this is PrimeXBT’s trading engine which is strong and robust and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms.
By providing a combination of ensuring high liquidity on all trading pairs as well as providing powerful trading tools, PrimeXBT ensures that there is minimum slippage on the platform and optimal entry and exit points as well.
Covesting For Reduced Risk and Crypto Copy Trading
PrimeXBT provides access to the only form of copy trading available in the cryptocurrency space following the integration of covesting into its systems in a partnership with leading crypto copy trading platform, Covesting.io.
Covesting allows traders and investors to partner together and to collectively maximize their safety in the market while reducing risk and improving the collective outcomes in the process.
Covesting is a revolutionary new way for cryptocurrency traders to engage with the market and is one of the fastest growing trends in 2020.
AML/KYC Compliance for Safe Trading
PrimeXBT uses Bitfury Crystal's AML compliance software and blockchain monitoring tool set on all incoming transactions to the platform in order to ensure full AML compliance and safety for all users on PrimeXBT.
PrimeXBT also restricts citizens from problematic jurisdictions with users confirming their country of residence in order for KYC compliance throughout the platform to be achieved.
Using this system, Primax PT not only ensures that it is fully AML/KYC compliant, but also that it is able to monitor and manage transactions that may be fraudulent in real-time throughout the platform.
Widest Range of Assets in the Market
One of the major draw cards of using PrimeXBT is that it provides one of the widest ranges of different assets in the market with a range of leading cryptoassets as well as some of the world's top traditional assets as well.
PrimeXBT lists a range of cryptocurrencies that include BTC, ETH, XRP, LTC, and EOS, as well as a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
Traders and investors are able to use PrimeXBT as a bridge between the crypto assets and traditional asset markets, reducing the cost of trading between them, as well as dramatically increasing the efficiency of multi-asset trading in the process.
What is the Future of PrimeXBT?
In a very short amount of time of just 2 years, PrimeXBT has gone from launching with a waitlist of more than 150,000 traders to today managing up to $2 billion worth of global trade every day.
If the trajectory of growth for PrimeXBT continues it will no doubt see the platform expanding into a range of different areas of online financial trading, and will see the platform become one of the largest trading platforms to ever be in operation.
Over the past 2 years, PrimeXBT's reputation has only grown in strength and we would expect to see this continue as it integrates more safety and security features into its services and increases its compliance with AML and KYC globally.
In Conclusion
PrimeXBT has grown to become one of the world's leading crypto trading platforms, and provides access to some of the world's leading cryptoassets as well as many of the world's leading traditional assets as well.
PrimeXBT has provided a range of different advantages to its uses, with these essentially boiling down to powerful opportunities for more success in global markets as well as increased security and safety in comparison to other platforms.
If you would like to learn more about PrimeXBT, and about the tools and features available on the site, check out this link.
submitted by benebit to CryptocurrencyICO [link] [comments]

Immediate Aftermath : The more data we collect and analyze, the clearer the picture becomes.

This is the updated first part of the list that has recorded the notable events as the world deals with the COVID-19 pandemic. [2nd Part] ― The LINKS to events and sources are placed throughout the timeline.
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The More Data We Collect and Analyze, the Clearer the Picture Becomes.
Someone threw a stone in a pond a long way away. And we're only just feeling the ripples. — Fukuhara from Giri/Haji, Netflix series
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On Jan 30, Italian PM announced that Italy had blocked all flights to and from China. While Italy has banned people from air-travelling to China, however according to IATA data, there's no measurement implemented for air-travellers from China into Italy till the Mar 07. Especially for Chinese people who have EU passports.
On Jan 31, the US announced the category-I travel restrictions, barring all foreigners who have been in China for the past 14 days, with measures including the refusal of visas and mandatory quarantine.
• "Because the US focused on China and didn't expect the infected people's entry from Europe and the Middle East, the Maginot Line was breached from behind. And so little of credible data at the beginning made the US government to miscalculate its strategic response to the virus." — Dr. Zhang Lun, currently a visiting scholar at Harvard (economics & sociology), during the interview with ICPC on Mar 29.
Also on Jan 31, the WHO changed its tune and declared the coronavirus outbreak a Global Public Health Emergency of international concern (PHEIC).
Decisions on a PHEIC always involve politics .... West African countries discouraged a declaration in 2014 after they were hit by the largest Ebola virus outbreak on record, mainly because of concern about the economic impact.
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On Feb 02, regarding the US category-I travel restrictions, Kamala Harris, the former Democratic presidential candidate, declared on Twitter:
Since 2017, Trump’s travel bans have never been rooted in national security—they’re about discriminating against people of color. They are, without a doubt, rooted in anti-immigrant, white supremacist ideologies. This travel ban is no different.
On Feb 03, criticizing Trump for his travel restrictions continues. Chinese foreign ministry spokeswoman Hua Chunying (华春莹), a Peking University professors James Liang (梁建章), New York Times, the Nation, OBSERVER, the Boston Globe, Yahoo, and Daily Kos were saying,
it's a "panicky" decision and "racist" or it's "cruel and callous," he's stoking fear for political gains, and the president is "inappropriately overreacting." And professors Liang even said the US ban "will hurt goodwill and cooperation [with China] in the future." [1] [2] [3] [4] [5] [6] [7] [8] [9]
Also on Feb 03, Mr. Tedros of the WHO said there's no need for travel ban measure that "unnecessarily interfere with international travel and trade" trying to halt the spread of the virus.
China's delegate took the floor ... and denounced measures by "some countries" that have denied entry to people holding passports issued in Hubei province - at the centre of the outbreak - and to deny visas and cancel flights.
Also on Feb 03, China is expected to gradually implement a larger stimulus packages (in total) than a USD $572 billion from 2008. — We'd never find out but my guess is that the fund will probably go to Shanghai clique.
On Feb 04, The FDA has given emergency authorization to a new test kit by the CDC that promises to help public health labs meet a potential surge in cases.
The speed ... pushing through a new diagnostic test shows just how seriously they’re taking the potentially pandemic threat of 2019-nCoV. It’s also a sign that the world is starting to learn how to deal with an onslaught of new pathogens.
Also on Feb 04, the Wuhan Institute of Virology and China's Academy of Military Medical Sciences (AMMS, Chief Chen Wei belongs to) have jointly applied to patent the use of Remdesivir. Scientists from both institutes said in a paper published in Nature’s Cell Research that they found both Remdesivir and Chloroquine to be an effective way to inhibit the coronavirus.
On Feb 06, Jamestown Foundation, a Washington-based research & analysis unit, noted that with State Council of PRC praising his performance of containing the pandemic situation, the council expanded Li Keqiang's political control over Politburo Standing Committee of CCP. (Li Keqiang = Communist Youth League = Shanghai clique)
Also, on Feb 06, as the US evacuation planes leave China, the wave of the US evacuees have arrived who are met by the CDC personnel at the quarantine sites for screening, and those who were suspected of infection will be placed under quarantine for 14 days.
Also, on Feb 06, a CDC-developed lab test kit to detect the new coronavirus began shipping to qualified US laboratories and international ones. — However, on Feb 12, the CDC said some of the testing kits have flaws and do not work properly. The CDC finally ended up shipping the working test kits for mass testings on Feb 27. This was three weeks later than originally planned.
On Feb 07, China National Petroleum has recently declared Force Majeure on gas imports. They are trying to create a breathing room for their foreign exchange reserves shortage. China's foreign exchange reserves fell to mere USD $3.1 trillion in Oct. 2019.
On the same day, Bloomberg reported that PetroChina has directed employees in 20 countries to buy N95 face masks and send them home in China. The goal is to get 2 million masks shipped back. You can also find YouTube videos that show Overseas Chinese are scouring the masks at the Home Depot to ship them to China (the video in Korean). Also Chris Smith is pissed.
On Feb 09, Trump renews his national emergency on its southern border, and Elizabeth Goitein from the Brennan Center for Justice, published an opinion article on New York Times titled "Trump Has Abused This Power. And He Will Again if He’s Not Stopped."
On Feb 10, Dr. Tedros said that an advance three-person team of the WHO arrived in Beijing for a joint mission to discuss with Chinese officials the agenda and questions. Then, the joint mission of about 10 international experts will soon follow, he said. — Those WHO experts ended up visiting Chinese epicentre for the first time on Feb 24.
On Feb 12, the US targets Russian oil company for helping Venezuela skirt sanctions. The US admin seemingly tried to secure leverage against Russia after noticing something suspicious was up.
On the same day, Trump told Reuters "I hope this outbreak or this event (for the US) may be over in something like April." — Dr. Zhong Nanshan (钟南山), China's top tier SARS-hero doctor, also said "the peak of the virus (for China) should come in mid to late February, followed by a plateau or decrease," adding that his forecast was based on on mathematical modelling and data from recent events and government action.
On Feb 13, Tom Frieden who is a former US CDC chief and currently the head of public health nonprofit Resolve to Save Lives, said:
As countries are trying to develop their own control strategies, they are looking for evidence of whether the situation in China is getting worse or better. [But] We still don't have very basic information. [since the WHO just entered China] We hope that information will be coming out.
On the same day, the CDC reports that the 15th case in the US was confirmed. The patient was a part of group who were under a federal quarantine order at the JBSA-Lackland base because of a recent trip to Hubei Province, China.
By Feb 13, China hasn't accepted the US CDC's offer to send top experts, and they haven't released the "disaggregated" data (specific figures broken out from the overall numbers) even though repeatedly been asked.
On Feb 14, CCP's United Front posted an article on its official website, saying (Eng. text by Google Translation):
Fast! There is no time difference to raise urgently needed materials! Some Overseas Chinese have used their professions in the field of medicine in order to purchase relevant materials Hubei province in short of supply (to send them to China). .... Some Overseas Chinese took advantage of the connection resources, opened green transportation channels through our embassies and consulates abroad, and their related enterprises, and quickly sent large quantities of medical supplies (to China), making this love relay link and cooperation seamless.
On Feb 18, Reuters reports that 3M is on the list of firms eligible for China loans to ease coronavirus crisis.
There is no indication from the list that loans offered will necessarily be sought, or that such firms are in any financial need. The Bank of Shanghai told Reuters it will lend 5.5 billion yuan ($786 million) to 57 firms on its list.
On Feb 21, Xi Jinping writes a thank-you letter to Bill Gates for his foundation’s support to China regarding COVID-19 outbreak.
On Feb 24, China was rumoured on Twitter to delay the phase one trade deal implementation indefinitely which includes the increase of China's purchasing American products & services by at least $200 billion over the next two years.
Also on Feb 24, S&P 500 Index started to drop. Opened with 3225.9 and closed 3128.2. By the Mar 23, it dropped to 2208.9.
Also on Feb 24, China's National Health Commission says the WHO experts have visited Wuhan city for the first time, the locked-down central Chinese city at the epicentre, inspecting two hospitals and a makeshift one at a sports centre.
On Feb 26, IF the picture that has been circulated on Twitter were real, then chief Chen Wei and her team have developed the first batch of COVID-19 vaccine within time frame of a month.
On the same day, the CDC's latest figures displays 59 people in the US who have tested positive for COVID-19.
Also on Feb 26, the Washington Post published an article that says:
.... the WHO said it has repeatedly asked Chinese officials for "disaggregated" data — meaning specific figures broken out from the overall numbers — that could shed light on hospital transmission and help assess the level of risk front-line workers face. "We received disaggregated information at intervals, though not details about health care workers," said Tarik Jasarevic of the WHO. — The comment, in an email on Feb 22 to the Post, was one of the first instances that the WHO had directly addressed shortcomings in China's reporting or handling of the coronavirus crisis.
On Feb 27, after missteps, the CDC says its test kit is ready and the US started to expand testing.
On Feb 28, China transferred more than 80,000 Uighurs to factories used by global brands such as Apple, Nike, & Volkswagen & among others.
Also on Feb 28, the WHO published the official report of the WHO-China joint mission on coronavirus disease 2019. (PDF)
On Feb 29, quoting Caixin media's investigation published on the same day, Lianhe Zaobao, the largest Singapore-based Chinese-language newspaper, published an article reporting the following:
Dr. Li Wenliang said in the interview with Caixin media; [in Dec 2019] another doctor (later turned out to be Dr. Ai Fen) examined and tried to treat a patient who exhibited SARS-like symptoms which akin to influenza resistant to conventional treatment methods. And "the family members who took care of her (the patient) that night also had a fever, and her other daughter also had a fever. This is obviously from person to person" Dr. Li said in the interview."
------------------------
On Mar 01, China's State Council super tighten up their already draconian internet law.
On the same day, Princelings published an propaganda called "A Battle Against Epidemic: China Combating COVID-19 in 2020" which compiles numerous state media accounts on the heroic leadership of Xi Jinping, the vital role of the Communist Party, and the superiority of the Chinese system in fighting the virus.
Starting on Mar 03, the US Fed has taken two significant measures to provide monetary stimulus. It's going to be no use as if a group of people with serious means are manipulating the markets to make sure MM will have liquidity concerns when they need it most.
On Mar 04, Xinhua News, China's official state-run press agency posted an article "Be bold: the world should thank China" which states that
If China retaliates against the US at this time, it will also announce strategic control over medical products, and ban exports of said products to the US. ... If China declares today that its drugs are for domestic use only, the US will fall into the hell of new coronavirus epidemic.
On Mar 05, Shanghai Index has recovered the coronavirus loss almost completely.
On Mar 07, Saudi's Ahmed bin Abdulaziz and Muhammad bin Nayef were arrested on the claims of plotting to overthrow King Salman. — Ahmed bin Abdulaziz is known to have very tight investment-interest relationship with Bill Gates, Bill Browder, Blackstone, & BlackRock: One common factor that connects these people is China.
On Mar 08, the Russia–Saudi oil price war has begun. The ostensible reason was simple: China, the biggest importer of oil from Saudi and Russia, was turning back tankers while claiming that the outbreak forced its economy to a standstill.
On Mar 10, the Washington Post published the article saying that the trade group for manufacturers of personal protective equipment urged in 2009 "immediate action" to restock the national stockpile including N95 masks, but it hasn't been replenished since.
On Mar 11, the gentleman at the WHO declares the coronavirus outbreak a "Global Pandemic." He called on governments to change the course of the outbreak by taking "urgent and aggressive action." This was a full twelve days after the organization published the official report regarding the situation in China.
On Mar 13, the US admin declared a National Emergency and announced the plan to release $50 billion in federal resources amid COVID-19.
Also on Mar 13, China's Ministry of Commerce states that China is now the best region for global investment hedging.
On Mar 15, Business Insider reports that Trump tried to poach German scientists working on a coronavirus vaccine and offered cash so it would be exclusive to the US. The problem is the official CureVac (the German company) twitter account, on Mar 16, 2020, tweeted the following:
To make it clear again on coronavirus: CureVac has not received from the US government or related entities an offer before, during and since the Task Force meeting in the White House on March 2. CureVac rejects all allegations from press.
On Mar 16, the fan club of European globalists has published a piece titled, "China and Coronavirus: From Home-Made Disaster to Global Mega-Opportunity." The piece says:
The Chinese method is the only method that has proved successful [in fighting the virus], is a message spread online in China by influencers, including many essentially promoting propaganda. ... it is certainly a message that seems to be resonating with opinion leaders around the world.
On the same day, unlike China that had one epicentre, Wuhan city, the US now overtakes China with most cases reporting multiple epicentres simultaneously.
Also on Mar 16, the US stocks ended sharply lower with the Dow posting its worst point drop in history. But some showed a faint hint of uncertain hope.
On Mar 17, according to an article on Chinese version of Quora, Zhihu, chief Chen Wei and her team with CanSino Biologics officially initiated a Phase-1 clinical trial for COVID-19 vaccine at the Wuhan lab, Hubei China, which Bloomberg News confirmed. — Click HERE, then set its time period as 1 year, and see when the graph has started to move up.
Also on Mar 17, China's state media, China Global TV Network (CGTN), has produced YouTube videos for Middle Eastern audiences to spread the opinion that the US has engineered COVID-19 events.
Also on Mar 17, Al Jazeera reported that the US President has been criticized for repeatedly referring to the coronavirus as the "Chinese Virus" as critics saying Trump is "fueling bigotry."
• China's Xinhua News tweeted "Racism is not the right tool to cover your own incompetence."
• Tucker Carlson asked: "Why would America's media take China's side amid coronavirus pandemic?"
• Also, Mr. Bill Gates: "We should not call this the Chinese virus."
On Mar 19, for the first time, China reports zero local infections.
Also on Mar 19, Al Jazeera published an analysis report, titled "Coronavirus erodes Trump's re-election prospects."
On Mar 22, Bloomberg reports that China's mobile carriers lost 21 million users during this pandemic event. It's said to be the first net decline since starting to report monthly data in 2000.
On Mar 26, EURACTV reports that China cashes in off coronavirus, selling Spain $466 million in supplies. However, Spain returns 9,000 "quick result" test kits to China, because they were deemed substandard. — Especially the sensibility of the test was around 30 percent, when it should be higher than 80 percent.
------------------------
On Apr 03, Germany and other governments are bolstering corporate defenses to address worries that coronavirus-weakened companies could be easy prey for bargain hunting by China's state owned businesses.
On Apr 05, New York Times says "Trump Again Promotes Use of Unproven Anti-Malaria Drug (hydroxychloroquine)."
On Apr 06, a Democratic State Rep. Karen Whitsett from Detroit credits hydroxychloroquine and President Trump for "saving her in her battle with the coronavirus."
On Apr 07, the US CDC removed the following part from its website.
Although optimal dosing and duration of hydroxychloroquine for treatment of COVID-19 are unknown, some U.S. clinicians have reported anecdotally different hydroxychloroquine dosing such as: 400mg BID on day one, then daily for 5 days; 400 mg BID on day one, then 200mg BID for 4 days; 600 mg BID on day one, then 400mg daily on days 2-5.
------------------------
☞ If there were ever a time for people not to be partisan and tribal, the time has come: We need to be ever vigilant and attentive to all kinds of disinformation & misinformation to see it better as well as to be sharp in our lives. — We really do need to come together.
☞ At first, I was going to draw up a conspiracy theory-oriented list focused on Team-Z, especially Mr. Gates. However, although it's nothing new tbh, recently many chats and discussions seem overflowing with disinformation & misinformation which is, in my opinion, particularly painful at a time like this. Hence, this post became a vanilla list that's just recorded the notable events. — We all are subject to misinformation, miscalculation, and misjudgment. But the clearer the picture becomes the better we can identify Funkspiel.
------------------------
Immediate Aftermath pt.2.a
------------------------
Feasible Timeline of the Operation
------------------------
☞ Go Back to the Short Story.
----
submitted by vanillabluesea to conspiracy [link] [comments]

What would happen if sovereign governments gave bitcoin a gold peg?

This is a totally theoretical post, but I believe it is a really interesting idea and would love to get the Internet's feedback on it, and what you think the ripple effects would be in the scenario described. Am very interested in writing this up and republishing it widely so it can be read by monetary policymakers in all major developed countries - if you know anyone like that, pass it on. In a move that would act like a bridge to a pre-Bretton Woods type of gold peg, (here is a great paper on a history of this in the US: https://fas.org/sgp/crs/misc/R41887.pdf) sovereign governments with gold holdings could (again, it is a theoretical idea - I am saying they COULD do this NOT that anyone or any country is doing this that I know of) establish open market operations to purchase bitcoins (partly as a diversification strategy) using their physical gold holdings at a fixed peg rate of 5 ounces per bitcoin. The reason I say 5 is because the current chart here seems to suggest that somewhat of a convergence to 5 oz is already occurring: https://www.xe.com/currencycharts/?from=XBT&to=XAU&view=10Y
If any government did this and offered to buy physically delivered bitcoins from private holders of bitcoin (no other coins just BTC) in exchange for private delivery of physical gold, then the standard governmental unit of physical gold (held in places like Fort Knox) - known as the Good Delivery Bar which is 400oz of gold - could be procured by any holder of 80 or more coins in a secure and sanctioned exchange with the government in question - the most impactful of course would be if the US did this.
My theory is that any time the exchange rate mechanisms in the forex or crypto markets violated the peg, there would be arbitrage opportunities that would bring the peg back in line. It would not only stabilize BTC, but the stabilization might spread via the 24/7 exchange rate mechanism in the crypto market to stabilize many cryptos that are still somewhat worthy experimental stores of value. Depending on the strength, credit, and depth of gold holdings of whatever governments engaged in this, it would seem that such a strategy could transform bitcoin into a new type of sound money, and also signal that owning bitcoin and gold is a priority of governments as well as their citizens. The gold standard was powerful both because it was tethered to something of limited quantity in the earth's crust with unique properties, but also because pre-Bretton Woods gold standards acted very much like a peg - and the government honored the peg no matter what. So in some sense it was still the "faith and credit of the government" that made that peg work so famously. I was partly inspired by this recent award-winning documentary www.inmoneywetrust.org in formulating this idea, and partly by my own academic interest in cryptocurrency. I believe bitcoin, above all others, because of its deflationary nature and algorithmically fixed quantity, is powerful all in itself - but with a peg from a real government to a real precious metal that many governments do in fact hoard (for whatever reason) - it could become both an international currency, and a form of truly sound money backed by governments' physical gold reserves and a legal or policy commitment to a peg of 5 ounces to 1 bitcoin.
What do you all think would happen if a major government or many major governments did this? Remember the idea is to convince monetary policymakers in governments to willingly and openly bypass completely the fiat currencies of their governments and to make no informational commitment to those free-floating fiat markets for forex - so the bitcoins transacted for in the peg wouldn't be bought with dollars or yen or anything that could be printed by fiat. This would simply be a convertibility guarantee by major governments that 1 bitcoin, transferred to the Treasury by a private citizen or business (again so the Treasury could diversify holdings of sound money), would be convertible and be guaranteed to be convertible to 5 oz of physical, deliverable gold bullion (or 80 bitcoins per bar). Here is a list of the largest physical gold holders on earth who could theoretically engage in this type of operation: https://www.investopedia.com/ask/answers/040715/what-countries-have-largest-gold-reserves.asp
Thanks Reddit! Looking forward to your thoughts!
Alex Kaufman
submitted by emersonian85 to Bitcoin [link] [comments]

Noob Safe Haven Thread | Oct 14-20 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge and experiences (YOU are invited to respond to questions posted here.)
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart) • Open Interest by ticker (optinistics)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Rolling Short (Credit) Spreads (Redtexture) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Covered Calls - Chris Butler - Project Option (20 minutes) • The 10 Most Common Mistakes Made by Covered Call Writers - Allen Ellman - Blue Caller Investor (8 minutes) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Short calls and puts, and dividend risk (Redtexture) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations.
• CBOE Contract Specifications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF) • CBOE Exchange Rules (770+ pages, PDF) • NASDAQ Options Exchange Rules
Following week's Noob thread: Oct 21-27 2019
Previous weeks' Noob threads:
Oct 7-13 2019 Sept 30 - Oct 6 2019
Sept 23-29 2019 Sept 16-22 2019 Sept 09-15 2019 Sept 02-09 2019 Aug 26 - Sept 02 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Oct 7-13 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge and experiences (YOU are invited to respond to questions posted here.)
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart) • Open Interest by ticker (optinistics)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Rolling Short (Credit) Spreads (Redtexture) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Short calls and puts, and dividend risk (Redtexture) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations.
• CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF) • CBOE Exchange Rules (770+ pages, PDF) • NASDAQ Options Exchange Rules
Following week's Noob thread: Oct 14-20 2019
Previous weeks' Noob threads:
Sept 30 - Oct 6 2019 Sept 23-29 2019 Sept 16-22 2019 Sept 09-15 2019 Sept 02-09 2019 Aug 26 - Sept 02 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Sept 23-29 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge and experiences (YOU are invited to respond to questions posted here.)
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart) • Open Interest by ticker (optinistics)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations.
• CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF) • CBOE Exchange Rules (770+ pages, PDF) • NASDAQ Options Exchange Rules
Following week's Noob thread: Sept 30 - Oct 6 2019
Previous weeks' Noob threads: Sept 16-22 2019 Sept 09-15 2019 Sept 02-09 2019 Aug 26 - Sept 02 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Sept 16-22 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations. • CBOE Exchange Rules (770+ pages, PDF) • CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF)
Following week's Noob thread:
Sept 23-29 2019
Previous weeks' Noob threads:
Sept 09-15 2019 Sept 02-09 2019
Aug 26 - Sept 02 2019 Aug 19-25 2019 Aug 12-18 2019 Aug 05-11 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Sept 02-09 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations. • CBOE Exchange Rules (770+ pages, PDF) • CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF)
Following week's Noob thread: Sept 09-15 2019
Previous weeks' Noob threads: Aug 26 - Sept 02 2019 Aug 19-25 2019 Aug 12-18 2019 Aug 05-11 2019 July 29 - Aug 4 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Sept 30 - Oct 6 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge and experiences (YOU are invited to respond to questions posted here.)
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart) • Open Interest by ticker (optinistics)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Rolling Short (Credit) Spreads (Redtexture) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Short calls and puts, and dividend risk (Redtexture) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations.
• CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF) • CBOE Exchange Rules (770+ pages, PDF) • NASDAQ Options Exchange Rules
Following week's Noob thread: Oct 7-13 2019
Previous weeks' Noob threads: Sept 23-29 2019 Sept 16-22 2019 Sept 09-15 2019 Sept 02-09 2019 Aug 26 - Sept 02 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

The Petrodollar Is The Root of All Evil

So here is the core element of what I believe, drives US foreign policy (Wars/Conflicts/Sanctions) and also domestic policy. I tried to trim my draft down so it's not a TLDR, but not leave out any critical information or citations/sources. This is pulled directly from this brief article: Petrodollar
"KEY TAKEAWAYS
This list of facts should make clear just how dependent US currency is on the global oil economy. Which brings us to something called The Triffin Dilemma .
"By "agreeing" to have its currency used as a reserve currency, a country pins its hands behind its back.
In order to keep the global economy chugging along, it may have to inject large amounts of currency into circulation, driving up inflation at home. The more popular the reserve currency is relative to other currencies, the higher its exchange rate and the less competitive domestic exporting industries become. This causes a trade deficit for the currency-issuing country, but makes the world happy. If the reserve currency country instead decides to focus on domestic monetary policy by not issuing more currency then the world is unhappy."
"Reserve Currency ParadoxBecoming a reserve currency presents countries with a paradox. They want the "interest-free" loan generated by selling currency to foreign governments, and the ability to raise capital quickly, because of high demand for reserve currency-denominated bonds. At the same time they want to be able to use capital and monetary policy to ensure that domestic industries are competitive in the world market, and to make sure that the domestic economy is healthy and not running large trade deficits.
Unfortunately, both of these ideas – cheap sources of capital and positive trade balances – can't really happen at the same time."
Obviously, the US and global economy is a complex system with many moving parts but I think, just this small amount of information begins to clarify the bigger picture. It seems as though most people have accepted the idea that we have engaged in bad faith wars in the name of stealing oil, which is true on some level, but we are not actually trying to seize the oil, we are trying to force the entire world to participate in OUR oil economy in a way that benefits us the most.
Which leads me to the final part of this post. The Non-Alignment Movement (NAM) is a collection of approximately 120 nations that have joined together, starting back during the cold war, in an effort to remain independent and not be pressured in to choosing sides between the US and Russia. Many of these countries, such as Iran, Iraq, Afghanistan, Libya and most recently, Venezuela and Syria, have either dropped the petrodollar or made efforts to trade in other currencies. If this list looks familiar, it's because we have invaded, occupied and/or attempted regime change backed by MSM reporting of human rights violations or threat of nuclear proliferation. Obviously, we have pretty solid evidence that most of these claims were completely false.
One of the main focuses of NAM these days, has been to conduct trade and handle the oil on their land, any way they see fit and they have been mounting a pretty strong coalition in response to the insanely harsh sanctions that we have tried to levy. Article About NAM and US Sanctions . This is essentially economic terrorism and unfortunately, most people, including myself, are not quite able to grasp just how de-stabilizing these sanctions are but it is slowly becoming clear to the public that we have been carrying out this policy of global dominance for decades.
The Trump WH and John Bolton just happen to be much more open about their motives: In January, White House National Security Advisor John Bolton issued a veiled threat on Twitter: My advice to bankers, brokers, traders, facilitators, and other businesses: don’t deal in gold, oil, or other Venezuelan commodities being stolen from the Venezuelan people by the Maduro mafia. We stand ready to continue to take action.
On his Twitter account, Trump insisted, “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
I realize that this may not be the most exciting topic, considering the kind of news we have been peppered with recently, but I think it is important for people to consider. It seems pretty clear that almost all of our military operations around the world have everything to do with giant oil companies, defense contractors and the petrodollar and have nothing to do with spreading democracy or freeing civilians from oppressive regimes. Our allegiance with Saudi Arabia makes a lot more sense and our insane obsession on Russia also starts to take focus. Russia is also a member of NAM and is basically the biggest country that has chosen to defy the US. And since we can't push them around like a weaker country, we rely on a constant fear-mongering campaign by our media outlets.
Following the NAM summit, Venezuelan Economy Minister Tareck El Aissami announced his country’s establishment of a payment system to meet obligations to Russia that will be covered with rubles. The developments have sent the US establishment into a frenzy.
Still working on part 2, but hope some people will find this informative....
submitted by rustcole01 to WayOfTheBern [link] [comments]

Noob Safe Haven Thread | Sept 09-15 2019

Post any options questions you wanted to ask, but were afraid to ask. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • How Often Within Expected Move? Data Science and Implied Volatility (Michael Rechenthin, PhD - TastyTrade 2017) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations. • CBOE Exchange Rules (770+ pages, PDF) • CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF)
Following week's Noob thread: Sept 16-22 2019
Previous weeks' Noob threads:
Sept 02-09 2019
Aug 26 - Sept 02 2019 Aug 19-25 2019 Aug 12-18 2019 Aug 05-11 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | July 15-21 2019

Post any options questions you wanted to ask, but were afraid to. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade or series of trades, disclose position details, so that responders can help you. Vague inquires receive vague responses. TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, especially for Reddit mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes)
Trade planning, risk reduction and trade size • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Options Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • A selection of options chains data websites (no login needed)
Selected Trade Positions & Management • The diagonal calendar spread and "poor man's covered call" (Redtexture) • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, TDA Margin Handbook • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • CBOE Exchange Rules (770+ pages, PDF) • TDAmeritrade Margin Handbook (18 pages PDF)
Following week's Noob Thread:
July 22-28 2019
Previous weeks' Noob threads:
July 08-14 2019 July 01-07 2019
June 24-30 2019 June 17-23 2019 June 10-16 2019 June 03-09 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Aug 26 - Sept 02 2019

Post any options questions you wanted to ask, but were afraid to. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Thoughts after trading for 7 Years (invcht2) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes) • There's a bull market somewhere (Jason Leavitt) (3 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • A selected list of option chain & option data websites
Selected Trade Positions & Management • Take the loss (here's why) (Clay Trader) (15 minutes) • The diagonal calendar spread and "poor man's covered call" (Redtexture) • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, Contract Specifications, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • How to find out when a new expiration is opening up: email: [email protected] for the status of a particular ticker's new expirations. • CBOE Exchange Rules (770+ pages, PDF) • CBOE Contract Specications and Trading Days & Hours • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Key Information Documents (KIDs) for European Citizens (Options Clearing Corporation) • Taxes and Investing (Options Industry Council) (PDF)
Following week's Noob thread: Sept 02-09 2019
Previous weeks' Noob threads: Aug 19-25 2019 Aug 12-18 2019 Aug 05-11 2019 July 29 - Aug 4 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Aug 19-25 2019

Post any options questions you wanted to ask, but were afraid to. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Exercise & Assignment - A Guide (ScottishTrader) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Option Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • A selected list of option chain & option data websites
Selected Trade Positions & Management • The diagonal calendar spread and "poor man's covered call" (Redtexture) • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, TDA Margin Handbook, EU Regulations on US ETFs, US Taxes and Options • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • CBOE Exchange Rules (770+ pages, PDF) • TDAmeritrade Margin Handbook (18 pages PDF) • Monthly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers • Taxes and Investing (Options Industry Council) (PDF)
Following week's Noob thread: Aug 26 - Sept 02 2019
Previous weeks' Noob threads:
Aug 12-18 2019 Aug 05-11 2019 July 29 - Aug 4 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Noob Safe Haven Thread | Aug 05-11 2019

Post any options questions you wanted to ask, but were afraid to. A weekly thread in which questions will be received with equanimity. There are no stupid questions, only dumb answers.   Fire away. This is a weekly rotation with past threads linked below. This project succeeds thanks to people thoughtfully sharing their knowledge.
Perhaps you're looking for an item in the frequent answers list below.
For a useful response about a particular option trade, disclose position details, so that responders can assist. Vague inquires receive vague responses. Tell us: TICKER -- Put or Call -- strike price (for each leg, on spreads) -- expiration date -- cost of option entry -- date of option entry -- underlying stock price at entry -- current option (spread) market value -- current underlying stock price -- your rationale for entering the position.   .
Key informational links: • Glossary • List of Recommended Books • Introduction to Options (The Options Playbook) • The complete side-bar informational links, for mobile app users.

Links to the most frequent answers

I just made (or lost) $____. Should I close the trade? Yes, close the trade, because you had no plan for an exit to limit your risk. Your trade is a prediction: a plan directs action upon an (in)validated prediction. Take the gain (or loss). End the risk of losing the gain (or increasing the loss). Plan the exit before the start of each trade, for both a gain, and maximum loss. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture)
Why did my options lose value, when the stock price went in a favorable direction? • Options extrinsic and intrinsic value, an introduction (Redtexture)
Getting started in options • Calls and puts, long and short, an introduction (Redtexture) • Some useful educational links • Some introductory trading guidance, with educational links • Options Expiration & Assignment (Option Alpha) • Expiration time and date (Investopedia)
Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) • Avoiding Stupidity is Easier than Seeking Brilliance (Farnum Street Blog) • 20 Habits of Highly Successful Traders (Viper Report) (40 minutes)
Trade planning, risk reduction and trade size, etc. • Exit-first trade planning, and using a risk-reduction trade checklist (Redtexture) • Trade Checklists and Guides (Option Alpha) • An illustration of planning on trades failing. (John Carter) (at 90 seconds) • Trade Simulator Tool (Radioactive Trading) • Risk of Ruin (Better System Trader)
Minimizing Bid-Ask Spreads (high-volume options are best) • Fishing for a price: price discovery with (wide) bid-ask spreads (Redtexture) • List of option activity by underlying (Market Chameleon) • List of option activity by underlying (Barchart)
Closing out a trade • Most options positions are closed before expiration (Options Playbook) • When to Exit Guide (Option Alpha) • Risk to reward ratios change over the life of a position: a reason for early exit (Redtexture)
Options Greeks and Options Chains • An Introduction to Options Greeks (Options Playbook) • Options Greeks (Epsilon Options) • Theta Decay: The Ultimate Guide (Chris Butler - Project Option) • Theta decay rates differ: At the money vs. away from the money • Theta: A Detailed Look at the Decay of Option Time Value (James Toll) • Gamma Risk Explained - (Gavin McMaster - Options Trading IQ) • A selected list of options chain & option data websites
Selected Trade Positions & Management • The diagonal calendar spread and "poor man's covered call" (Redtexture) • The Wheel Strategy (ScottishTrader) • Rolling Short (Credit) Spreads (Options Playbook) • Synthetic option positions: Why and how they are used (Fidelity) • Covered Calls Tutorial (Option Investor) • Creative Ways to Avoid The Pattern Day Trader Rule (Sean McLaughlin) • Options and Dividend Risk (Sage Anderson, TastyTrade) • Options contract adjustments: what you should know (Fidelity) • Options contract adjustment announcements / memoranda (Options Clearing Corporation)
Implied Volatility, IV Rank, and IV Percentile (of days) • An introduction to Implied Volatility (Khan Academy) • An introduction to Black Scholes formula (Khan Academy) • IV Rank vs. IV Percentile: Which is better? (Project Option) • IV Rank vs. IV Percentile in Trading (Tasty Trade) (video)
Miscellaneous: Economic Calendars, International Brokers, RobinHood, Pattern Day Trader, CBOE Exchange Rules, TDA Margin Handbook, EU Regulations on US ETFs • Selected calendars of economic reports and events • An incomplete list of international brokers dealing in US options markets (Redtexture) • Free brokerages can be very costly: Why option traders should not use RobinHood • Pattern Day Trader status and $25,000 margin account balances (FINRA) • CBOE Exchange Rules (770+ pages, PDF) • TDAmeritrade Margin Handbook (18 pages PDF) • Montly expirations of Index options are settled on next day prices • PRIIPS, KIPs, EU regulations, ETFs, Options, Brokers
Following Week's Noob Thread:
Aug 12-18 2019
Previous weeks' Noob threads:
July 29 - Aug 4 2019 July 22-28 2019 July 15-21 2019 July 08-14 2019 July 01-07 2019
Complete NOOB archive, 2018, and 2019
submitted by redtexture to options [link] [comments]

Day Trading Academy - YouTube Stock Trading Halts What is Price Action Trading: Guide and Examples The Bourse Report  23.05.2016  Conglomerate Sector T&T Stock Market Performance Learn to be a Day Trader: Where to Start Technical Indicators VS. Consumer Sentiment by Ron Wagner

The published Stats for Consumer Price Indexes (CPI) do not reflect the truth. Governments have them going down yet over a decade or more all we see is ... Securities refer to a broader set of financial assets such as bank notes, bonds, stocks, futures, forwards, options, swaps, etc. These securities are divided into different types depending on their distinguishing characteristics. Debt securities such as bonds, debentures, and bank notes are used as forms of obtaining credit and entitle the holder of the debt security (the lender) to receive ... Investment securities are securities (tradable financial assets such as equities or fixed income instruments) that are purchased in order to be held for investment. According to Investopedia™ a Managed Forex Account is: an investment account that is owned by an individual investor and overseen by a hired professional money manager. Not too shabby Investopedia™, not too shabby. PIGs are, however, known to be notoriously meticulous, so let us just add that; similar to the ridiculous misuse of terms such as ECN, STP, and DMA in the wonderfully obscure ... I've listed all the top brokers (or platforms) that are popular in the country (Olymp Trade, eToro, ExpertOption, IQ Option, iForex, ForexTime, Easy Forex, HotForex, OctaFX etc. - ignore the dying breed of forex directories). I even roamed the streets of Mumbai asking people to share their experience of trading the foreign exchange market (including Bitcoin). The securities services industry enjoyed healthy growth in the decade prior to the financial crisis. The volume of financial assets requiring custody was increasing and so was investors’ use of third party administration. Since the financial crisis, however, the industry has been struggling with depressed asset values, low interest rates, and plunging profits in the formally lucrative ... A security is a fungible, negotiable financial instrument that represents some type of financial value, usually in the form of a stock, bond, or option. The ForexBrokers.com annual forex broker review (four years running) ... and by 2010 the company followed with the launch of MT5 to expand into additional asset classes, including securities and futures markets. By this time, the marketplace for EAs and custom indicators was becoming saturated, and traders could buy or obtain plugins for free, or even hire developers to code their Experts on ... OptionsInvestopedia. Trading Education & Tips Forex Trading for Beginners ... David oversaw trading in some of the largest listed companies at the NYSE, including IBM, Bank of America, and Best Buy. He has been successfully training day traders since 2009, and is now rolling his curriculum online through Investopedia. JC Parets. JC Parets Chartered Market Technician. JC Parets is the Founder of “All Star Charts” and is one of the most ...

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Day Trading Academy - YouTube

Live Forex Trading & Chart Analysis - NY Session June 20, 2020 Conquer Trading & Investing 645 watching Live now What is Price Action Trading and How to Use it - Duration: 12:11. -No security-Losing Money -Lonely profession I would like to specifically like to point out that most people do think that they are going to start making money day trading right away. Learning how ... A trading halt is a temporary suspension of trading for a particular security or securities at one exchange or across numerous exchanges. Trading halts are typically enacted in anticipation of a ... furthermore, investopedia is not an accredited university; attendance at, or completion of, this course is not intended to and does not satisfy the requirements of any governmental or regulatory ... Investopedia Academy Day Trading Course: ... (Tier List) - Duration: 20:54. Ale's World of Stocks 27,506 views. 20:54. Lesson 10: All about margin and leverage in forex trading - Duration: 23:38 ... Investopedia 12,686 views. 2:08. 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS 715,487 views. 37:53. Technical Analysis Course - Module 7: Oscillators ... This week, we at Bourse evaluate the most recent financial results of the 3 stocks listed under the Conglomerates sector on the local stock market, namely, ANSA McAL Limited (AMCL), MASSY Holdings ...

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