Tony Battista

Birthplace: Brooklyn, NYAge: 56Residence: Glenview, ILYears trading: 26 years (22 at the Chicago Board Options Exchange)Average number of trades per day: Typically 10 today, more than 500 a day from 1983-2005Favorite options trading strategy: Everything we do is based on a math model around probability of success, and, on entry, the stock must have a … Continued

Robo Investors

Wolf Richter, a keen observer of the markets (see p. 30), recently noted the lift the broader U.S. equity market has enjoyed as the result of the record pace of equity buybacks. luckbox couldn’t help but note the beneficiaries: the robotic investors who buy and hold. Thus, that legion of human robots has collectively earned the title of luckbox of the month for June. They qualify for the dubious title because their investment outcomes have exceeded their skills…for now.

Oil and the Dollar

Crude oil and the U.S. dollar have a marriage made in a therapist’s office. Sometimes there’s frustration, sometimes there’s tension—but they are forever tied to each other. As if to celebrate this union, crude oil and the dollar are doing something they’ve only done 11 times in the past 35 years. They’re moving in the … Continued