Recent content by Arch Stanton

The index ETFs I play are SPY,QQQ,RUT....the liquidity is good, bid/ask is pretty tight. But if you are asking about the 3x volatility shares etc just google it (direxion shares, pro shares) there are a bunch of them. But the liquidity is usually not as good. The liquidity of a stock does not...

Offer it at .01....somebody will pick it up.

If you need to find me I'll be at Sand Hill Cemetery...AZ. haha

haha...ye with pennies wide markets and my account size maybe than can get an extra bagel from Little Goat every now and then.

I'll use the deltas to manage the risk as opposed to an exit. For example....if the short call was at -20 Deltas and price moved against it then maybe the deltas have gotten to -40...I might then sell a put at a strike with -20 deltas and bring my risk back to -20. Doing this shouldn't...

Not an expiration fee.....but an exercise fee to settle ITM options at expiration. They get charged to do it I'm sure so they probably have some way of paying for it....better look deeper.

If you are letting an ITM spread go to expiration don't you have exercise fees for each leg? Mine would be 15$ per leg which would wipe out profits for 2 of those spreads. I dunno...I always settle ITM positions before expiration. My options fee is 1.50 per lot so I would have to have on 11...

I agree...I just don't understand the mentality to jump on something that has been on a run like this. Nothing anyone could say would convince me that this is a good time to be long RUT,SPY or QQQ or pretty much anything at all time highs. But I think your right...I think most of the world is...

Your example is using a futures product. Set up the same verticals in something like AAPL and it will look very different. There will always be more credit for more time until expiration. When you are selling right near expiration there is very little Theta left (so your and the Gamma risk...