Buck Woodford

Insights from a Derivatives Salesman

for those who believe derivative markets should not exist, you should direct your attention to the massive world of Equity Options. should that not exist? I'd beg to differ.

DCR Net Asset Value Now at Zero

So, if Oil is >120.. say 130.. then DCR is still at zero, but does UCR go to 43.33? or is it capped at $40? there's only so much money in the pot and I can't imagine DCR can go negative to compensate.

just being lazy/quick here and trying for answer before perusing prospectuses.

Closet Indexing By Mutual Funds: Worse Than We Thought?

I'm not one bit surprised.

Nasdaq 100 Adds Five Companies in Annual Rebalance

"unusual market-cap-meets-price... methodology" ? i definitely don't understand why AAPL is 12-13% of the Naz-100 index.

for example: GOOG is both a bigger market cap AND a higher stock price. then how the hell is AAPL weighted higher? i have searched for the answer, but to no avail so far.

any clarification would be appreciated.

Buck
manypeaks.com