Thursday, August 5, 2010

How Mark Cuban Locked in His Enormous Yahoo Fortune: Options Risk Reversals | Trade Options Like a DPM Webinars with the Admiral #1

How Mark Cuban Locked in His Enormous Yahoo Fortune: Options Risk Reversals | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker, tells the story of how Mark Cuban locked in his enormous fortune after selling Broadcast.com to Yahoo. While Mark Cuban was restricted from selling the Yahoo (YHOO) stock he got, he was able to keep the profits on Yahoo stock using risk reversal option strategies while Yahoo stock itself plummeted when the tech bubble burst.

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

The Win-Win Scenario for Buy-Write Option Strategies | Trade Options Like a DPM Webinars with the Admiral #1

The Win-Win Scenario for Buy-Write Option Strategies | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker, illustrates the ideal scenario and market conditions for a buy-write options strategy with the Goldman Sachs (GS) example used throughout this webinar.

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

How to tell when a Call or Put Option Will be Assigned | Trade Options Like a DPM Webinars with the Admiral #1

How to tell when a Call or Put Option Will be Assigned | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral explains the two main conditions when someone holding a call option or put option may be assigned the stock. He answers when and why will someone exercise an option. The Admiral is a former CBOE Designated Primary Market Maker (DPM).

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

Key Trading Psychology: Admitting When You're Wrong & Taking Losses | Trade Options Like a DPM Webinars with the Admiral #1

Key Trading Psychology: Admitting When You're Wrong & Taking Losses | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker, explains the importance of humility in trading, the ability to take a loss, and reset with a clear head and start over.

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

Saturday, July 31, 2010

Option Equality Synethics | Trade Options Like a DPM Webinars with The Admiral

Option Equality Synethics | Trade Options Like a DPM Webinars with The AdmiralSocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - Who better to learn options trading from than one of the biggest and best traders to have ever traded on the CBOE floor? The Admiral is a 27-yr veteran of CBOE as with 5 years as a major DPM with a $800 Mil trading book. DPM stands for Designated Primary Market Maker.



Register for this webinar series: http://www.hamzeianalytics.com/POW_Re...

In this webinar series, The Admiral will start off by going over the basics. During this first webinar, The Admiral touched on topics such as the volatility component of options, options an stock equalities, and synthetics.



ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Option Greeks Intro: Delta | Trade Options Like a DPM Webinars with The Admiral

Option Greeks Intro: Delta | Trade Options Like a DPM Webinars with The AdmiralSocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - Who better to learn options trading from than one of the biggest and best traders to have ever traded on the CBOE floor? The Admiral is a 27-yr veteran of CBOE as with 5 years as a major DPM with a $800 Mil trading book. DPM stands for Designated Primary Market Maker.



Register for this webinar series: http://www.hamzeianalytics.com/POW_Re...

In this webinar series, The Admiral will start off by going over the basics. During this first webinar, The Admiral touched on topics such as the volatility component of options, options an stock equalities, and synthetics.



ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Options Pricing & Volatility | Trade Options Like a DPM Webinars with The Admiral

Options Pricing & Volatility | Trade Options Like a DPM Webinars with The AdmiralSocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - Who better to learn options trading from than one of the biggest and best traders to have ever traded on the CBOE floor? The Admiral is a 27-yr veteran of CBOE as with 5 years as a major DPM with a $800 Mil trading book. DPM stands for Designated Primary Market Maker.



Register for this webinar series: http://www.hamzeianalytics.com/POW_Re...

In this webinar series, The Admiral will start off by going over the basics. During this first webinar, The Admiral touched on topics such as the volatility component of options, options an stock equalities, and synthetics.



ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Trade Options Like a DPM Webinars with The Admiral: Intro & What's a Designated Primary Market Maker

Trade Options Like a DPM Webinars with The Admiral: Intro & What's a Designated Primary Market MakerSocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - Who better to learn options trading from than one of the biggest and best traders to have ever traded on the CBOE floor? The Admiral is a 27-yr veteran of CBOE as with 5 years as a major DPM with a $800 Mil trading book. DPM stands for Designated Primary Market Maker.



Register for this webinar series: http://www.hamzeianalytics.com/POW_Re...

In this webinar series, The Admiral will start off by going over the basics. During this first webinar, The Admiral touched on topics such as the volatility component of options, options an stock equalities, and synthetics.



ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Sunday, July 25, 2010

Market Timing Charts Review

Market Timing Charts ReviewSocialTwist Tell-a-Friend

We are on track to get to 1113 on SPX (200 bar MA and +2 sigma confluence). NYSE MO at +244 is too high,
we are slightly overbought, a small pullback is in order.


Notice DJ Trans strong up thrust [and channel breakout] was followed by RUT channel breakout.
This is all good for the bulls.


Notice the direction of our CI Indicators on VXO and VXN.  Our target for VXO is 17 (neg 3 sigma).


Our coveted SP1_MoMo Indicator shows SPX Advancing vs Declining Issues are thrusting upward.  MoMo is nearly magic 10 number.  We should expect a pull back first before resuming upward further.


Percent of SPX Components over their respective 200-Day MAs is now over 55% now and it is over its 50bar. This is all good for the long side.  Like to see this number over 70%-75%.


SPX 2010 is way behind its 2007 Analog but indicators are relatively strongervs their analogs.

Notice the low put/call readings.  This is good for the bulls.

Wednesday, July 7, 2010

Poll: HA Options Webinar Series Featuring The Admiral

Poll: HA Options Webinar Series Featuring The AdmiralSocialTwist Tell-a-Friend
Help us create this options educational webinar so it will help you the most.  Please fill out the poll below.

Disclaimer and Terms of Service

© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.