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Hi,
Anyone know of a good website or books on option rules for symbol and strike
prices.
Things like number of strike prices above and below, and how the symbols are
allocated.
Thanks
Raj
----- Original Message -----
From: <the_omega_man@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Friday, August 10, 2001 8:10 AM
Subject: Re: Drummond Market Geometry: Personal update
> Mark Brown <markbrown@xxxxxxxxxxxxx> wrote:
>
> >ps every method of trading can be tested if it can be defined, and if
> >it can not be defined then it's not a method, it's voodoo.
>
>
> As Al Pacino says (repeatedly) in "Donnie Brasco": "That's not the
question."
>
> The question is whether, given the limitations of today's programming
tools and market data, it is a worthwhile endeavor to attempt to
algorithmically define one's art.
>
> Just today there's a man on the list saying that his real-time signals
don't match the signals that appear when he reloads and reboots. This,
something that would seem to be one of the simplest of requirements for
accurate system trading, has not yet been mastered. We've been over this
same ground 1000 times on this list.
>
> And we just finished a discussion of the limitations of calculation
accuracy possible with the tools we're using.
>
> And when will be the next discussion of how the data you receive from an
EOD data vendor does not match the data you receive in real-time? (Think
about this. It brings into question the entire foundation of "technical
analysis".)
>
> The tools are not there yet: the data's not there, and the programming
tools are not there. Thus, the endeavor to define one's art may not be
worthwhile, depending on the complexity of the "art".
>
> What works in trading, as in life, is an infinite degree of flexibility
and adaptability. What does not work is a set of fixed "rules". There are
no "rules". Accept that and you are on your way to success.
>
>
> All the best,
>
> OM
>
>
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