2011-06-10, 06:10 AM
i'm not looking at the quotes but Q:
if you're bearish what happens if you buy nov 20P & sell aug 17.50P ?
myself i would not because of the lack of liquidity. There are thousands of other heavily-traded.
2011-06-10, 06:32 AM
I just tried that diagonal spread and the Max profit/Max loss fields are empty. Its showing a credit of $225 before commissions. If ToS doesn't know and I definitely don't know haha. At least yet...
ps I got zero probable loss by adjusting up the written 17.5 call prices to 2.50, that's probably cheating because no one would likely buy them
2011-06-10, 07:44 AM
actually markets not open so any leftover info from yesterday is gibberish.
later i will go & look at the pair i mentioned.
btw never trade in 1st or last hour. Quotes during these hours are distorted. Specialists keep spreads too wide because not enough players have showed up yet in 1st hr & all players have left in last hour.
ps ddkay i would like for you to learn to pick out these things yourself. You're bright enough, that's for sure. Never mind what tos has to say for itself.
2011-06-10, 09:12 PM
Just was wondering if anyone buying Inverse ETF to hedge losses? HIU or HIC for example?
2011-06-13, 06:03 PM
Quick question to the forum -
10 days ago Ian McGugan wrote an article in the globe that described the debt situation in the US as bleak - no surprise here http://goldgunsgeopolitics.wordpress...lobe-and-mail/. He refers to an economist who suggests the only way forward for the US is to devalue the USD by 20-30%.
My question - If the USD does indeed drop, does this offer opportunity to someone like me, who would like to increase the % of global equity portion in their portfolio?
I am looking to buy Claymore CYH (Global Dividend ETF) - or another Global Equity ETF (VTI?) I haven't purchased yet b/c I suspect that this latest correction may have a way to go yet.
2011-06-13, 07:34 PM
Well, yes. If you're looking to increase exposure to global equity and the USD is cheaper, then:
Originally Posted by dubmac
A) It makes it easier/cheaper for international businesses, which boosts their profits, which should increase your profit by holding shares that increase in value/pay dividends
B) Allows you to buy US companies cheaply
But, then there's
C) That could be bad for a lot of other things...
Actually, it would probably be bad for you:
United States 41.99%
Emerging Markets 10.33%
Asia Developed 7.59%
Almost HALF of CYH is American, anyway...
Last edited by KaeJS; 2011-06-13 at 07:39 PM.
2011-06-14, 12:41 AM
US-listed stocks often appreciate when the US dollar falls, since they're chockablock with companies that earn significant profits outside the US.
You can always use a hedged product if you're worried about it. I think the Canadian dollar is likelier to revert to its purchasing power parity value of ~0.8 eventually than proceed much higher, so I'd be okay holding non-hedged US denominated assets.
2011-06-14, 03:34 PM
I bought 30 shares of Diamond Offshore Drilling (DO) to bring my total shares to 100.
Also considering buying some Fortis.
2011-06-14, 03:47 PM
speculative buy.... lets see what happens...
2011-06-14, 07:19 PM
Sold 275 ABX
Bought 250 ABX back at a lower valuation
Made small profit and reduced margin.