Tuesday, December 10, 2013

Whoa... Volcker Rule Is No Joke...

Volcker Rule Sets New Hurdles For Banks On Market Making & Compensation

No more prop trading...

Limitations to banks investing in hedge funds and private equity vehicles...

Who will be there to run our stops anymore?  

Friday, December 6, 2013

Spiffin' Tiffins...

It's been a zero sum game for me this past week as I quietly chased The Maharajas and watched AAPL from behind the scenes.  There were numerous times in the week that I was wishing I was in 9FM's place.  I sent him a 7-8 figure client, but apparently, another few million in the bank is not enticing enough for him and he didn't bother taking action in time to take advantage of some last-minute Turkey Day sales.  All around me, I'm noticing missed opportunities in the name of bureaucracy.  

I swear it was the minute that I stopped buying AAPL calls that it started its ascent of over $87 per share higher, which means that I missed out on gains of anywhere from $5000 to over $8700 per call.  Repeat: per call.  I had strikes all over the place from $500 to $525 or something.

Every week for weeks on end, I would faithfully get into any AAPL calls within my price range up to $3 something.  I had a few small wins, but eventually got fed up being the dumb money, as BK on CNBC called it.  

I was right to follow Dear Carl Icahn, but somehow, I still ended up being wrong.  

If only I still had even one of those AAPLs in my tiffin...  

I took profit on one of my Lehman bond issues earlier in the week.  For something I bought for anywhere from $0.01 to $0.05 or something, being able to sell at $0.1925 was pretty exhilarating.  If only I had some more, but I'm looking forward to the day more of these issues turn green...

+1.26% DJIA
+0.73% Nasdaq
+1.12% S&P 

+0.83% FTSE
+0.72% Eurofirst
+0.82% Nikkei
-0.44% Shanghai
+0.18% SENSEX
+0.13% Hang Seng

0.86 Put / Call Ratio

+0.61% DJT
-8.55% VIX

0.090 Treasurys | DTCC GCF Repo Index
0.091 MBS | DTCC GCF Repo Index

+2.03% 5-Year US Treasury Notes
+0.73% 10-Year US Treasury Notes

70% Advancing Issues on NYSE                                 |   69% Up Volume
28% Declining Issues on NYSE                                  |   30% Down Volume
2% Unchanged                                                       |   1% Unchanged

65% Advancing Issues on Nasdaq                              |   62% Up Volume
31% Declining Issues on Nasdaq                               |   35% Down Volume
4% Unchanged                                                       |   3% Unchanged

Today's Major Headlines

Stocks End Sharply Higher On Jobs Report

The Stock Market Is Shrinking?

Bitcoin Broke Above $1000 This Week...