Dan Haugh

Dan Haugh

Dan Haugh is President of PTI Securities & Futures L.P. a boutique options execution and risk management firm. Before joining PTI Securities, Dan traded grain and bond options as a floor trader on the CBOT, and stock options as a member of the CBOE. He is a regular contributor on Bloomberg, Fox Business News and other financial networks.

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Continuation of the Continuation of the Twist

Last week, the Federal Reserve announced their latest non decision making no changes except in verbiage, and will continue printing $85 billion of new money each month.  This was despite the fact that in several statements by fed officials, including those of the chairman on May 22nd, indicating some eventual reduction of this amount. There […]

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The End of the Fed?

The last Federal Open Market Committee meeting roughly two weeks ago may very well someday be looked upon as the beginning of the end for the Federal Reserve. With the benefit of hindsight, this could be the tipping point that the perception of the Federal Reserve being indeed independent finally became painfully and obviously untrue. […]

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The Thrill of Yet Another European “Plan”

Last week the market started off with a legitimate worry over an extremely slow growing economy and the never ending European issue still percolating. Mid week, the market was totally rescued by comments from the European Central Bank Chief Draghi’s comments saying he will do whatever is necessary to preserve the Euro and we should […]

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Correlation Anyone?

Any one that is close to the market can testify that stocks have developed an extreme case of herd mentality. It is more that slightly surprising that frequently there will be a move in the market and every single stock, and for that matter even many commodities, will be moving the same direction an approximately […]

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Risk Trade Back On

Well, for those of you that believe that the stock market is totally driven by the monetary whims of central bankers and have absolutely nothing to do with the economy, Friday was a perfect example. It would be hard to imagine a worse news day with regards to fundamental macro event risk for stock valuations […]

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When will the “Risk Trade” start to be reflected in the VIX?

Lately, when the din of geopolitical and commodities based price shocks allow, the "Risk Trade" of buying sophisticated financial products, inter-currency trades or any commodity that can be a generic equivalent of an inflation trade grinds on based on a wash of liquidity. But the stock market continues to indicate through the lack of any […]