Recent content by Chipper7

I am starting to get charged Exchange Fees on SPX Index Options by OE and was wondering if others are seeing this too. I don't know if OE was just waiving the charges in the past and not now or if there is a change by the CBOE or something else. OE just started to self clear so perhaps this is...

I have an August 1350-1280 put vertical debit spread that I got for 64 back when the SPX was much lower than it is now. I think that the market head lower, but I want to protect the upside that is now being threatened. Yesterday afternoon the the mid on a Sept 1260 (long) / August 1300 short...

Sorry, this might be a little off topic. This year (2005) I received a 1099-B from Ameritrade with entries in lines 8-11 which is headed by "Regulated Futures Contracts". Specifically I have an entry for Net Profit (Loss) on Regulated Futures Contracts. I did not receive one from OX where I...

I case any one is interested, I called OX and was told to calculate the price as ryank suggested. If the ratio of the legs makes it possible to form smaller units (i.e. 10/5 is really 5 x 2/1) then you should make the price off the smallest possible unit. Just when I thought there was no use...

I did try to enter it that way and the system took it. I was curious about how to enter the price. Say the long is at 1.7 and I want 10 of those and the short is at 2.5 and I want 7 of those. Do I enter a credit of 0.8? I can see this for the 7 covered spreads, but then there would be a...

I am interested in Sailing's Diagonal Call spreads, but I am not sure how to enter an order. I use OX. Do you have to leg in or can you enter a spread with different number of contracts? I generally use the spread tab, but the prices are geared for the same number of contracts. I guess you...

By the way, I looked at this spread and it is currently around 46.9. Since these are so far ITM the spread price does not move much so your odds of getting filled generously are pretty low. They are also not traded very much. Hence, it is unlikely you will get anywhere near 13.6% without more...

Yes, it is different. I think that the abusive trading was doing DITM calendars so that the long was actually cheaper than the short and thus raised cash. The problem is not with what you are trying to do. It is that the OX system currently flags any trades with these DITM puts that have...

I have had this problem. Apparently, there has been some abuse trying to capture the "negative" time value in the DITM SPX puts--using this to raise cash. Therefore, OX has put a flag on any trades using these DITM puts. I had my account reviewed by the margin department and they have ok'd...

I don't see how selling the 1500 gets you a hefty premium. You are selling at a discount. You are selling below intrinsic value (there is negative time value in these options) so that the index has to go up the amount of this time value before you break even. Perhaps your "good money...

For SPX options trading, last year and from first glances this year, you just have to report totals by account in part 1 on Form 6781. It may be more complicated if you use index options in combination with other instruments that are not 1256 contracts. I believe that in years prior to 2004...

Now, I see the problem. If the market goes up next week, I have to buy back the weekly and while the regular November will go up as well, the difference has to be more than 3.5 and won't offer much if any protection for the put spread. I wish I had figured this out before, but it is only...

Well, I got filled so this has moved from hypothetical to real. Chip

I sold the November 1250-1220 SPX Put Spread for 4.2 around October expiration. I have since moved the long out to the December 1275, but I am still nervous about the short side. Currently, I am trying to buy the Regular November/Weekly November 1215 Calendar for 3.5. I see the possible...

I am now seeing the weeklies on the OX chain that I get when I click on the chain button in my position summary. Chip