Recent content by JackRab

  1. JackRab

    How to hedge currency risk with Interactive Brokers?

    It's not really a margin loan, just a loan in a different currency. You start with 1000 USD in cash You buy 1000 EUR in stocks (assuming EUR/USD=1.00), Interactive Brokers lends you the 1000 Euros on you USD cash balance to buy those stocks. So you now have 1000 USD in cash, 1000 EUR in stocks...
  2. JackRab

    How to hedge currency risk with Interactive Brokers?

    Normally, (at least in my case) it works like I said before. And then, yes, if you're stock portfolio is valued at 1100 Euro, that would mean the 100 Euro in profit is 'unhedged' in fx-sense. If you were to sell all, you would get 1100 euro in cash, which pays off the 1000 euro loan and so you...
  3. JackRab

    How to hedge currency risk with Interactive Brokers?

    So you've bought USD 60k worth of stocks right? And effectively IB has lend that USD amount to you to buy the stocks with? So, on the loan you do lose that amount, but on the other side your GBP value of the stocks is up by the same... (if the stocks are at the same USD price that is). If the...
  4. JackRab

    Sticky Introduce Yourself

    Hey Daniel Richards you scammer you... good to see you're trying here as well!! ;) https://www.elitetrader.com/et/threads/daniel-richards-full-time-trader-from-australia.303285/
  5. JackRab

    marsman's Project X

    Hey Marsman, what's your drawdown at 50% move?
  6. JackRab

    US Options Trades Discussion

    Great thread! .... :yawn: :sleeping:
  7. JackRab

    Trading is simple!

    I get offended by the title of this thread.... that's probably one of my frustrations... thinking it's too simple at times. And then I get smacked in the face, dragged back to reality that you actually need to do your homework...
  8. JackRab

    EU Referendum

    that's been like that for a while now... before this happened
  9. JackRab

    Brexit odds at bookies vs polls vs trade

    How about this scenario: If the odds at betting firms would be 50:50 (more like the polls)... and you expect a bigger move in financial markets when the vote is "Leave" which most believe, hence the selloff of the last week... (say 10% down vs 5% up) there would be an arbitrage opportunity...
  10. JackRab

    Brexit odds at bookies vs polls vs trade

    Normal bookies have a skewed price, which add up to only 90% or so right? That's how bookies normally keep their 'edge'. Then by skewing more, then trade out of any lob-sided open bets they have on their books. Or am I wrong on this? But if you look at Betfair, the actively traded bets are...
  11. JackRab

    Brexit odds at bookies vs polls vs trade

    I don't think the bookies are wrong, I think polls are wrong most of the time... especially the further away the vote is.
  12. JackRab

    Brexit odds at bookies vs polls vs trade

    That's true for most bookies. I think betfair is run differently... they have 2-way markets where you can back and lay on both outcomes. They mostly take a profit% of punters. I find they always have the best odds compared to the back-only firms.
  13. JackRab

    Brexit odds at bookies vs polls vs trade

    Why are the odds for Brexit so different at the bookies compared to the polls? I mostly think the bookies are a better way of finding out the odds of political issues, because it's people actually putting money where there mouths are. However, could this be the case with Brexit: The payout...
  14. JackRab

    How will you trade the Brexit referendum results?

    hmm, depending on next weeks option prices, I'm thinking of betting on Brexit (currently 2.8 payout) and the investing the possible payout in calls on FTSE or ESTX50... I think that would be a decent bet. Possible relief rally of 6%?.... and investment is covered on the betting...
  15. JackRab

    EU Referendum

    So are all the bookies wrong on this? 22mln already matched on betfair and 4:1 for Exit....... That shows something different than the polls. I tend to go where the money goes... so I think they will stay in...
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