Recent content by T+3guy

DID you guys see the Mrkt on close for VLO?? It gapped up 1 and half points in the last 3 minutes. I did 20k VLO market on close. COF was a good Market on CLose trade as well.

No it wouldn't. The premuim largely remains unchanged even with time decay because it is very deep in the money (the strike price that is). So after establishing a short position by buying a put, you simple buy the stock to cover your short. Now you are hedged. If the stock price goes down you...

Its very simple --If you buy deep in the money PUTS you will be short the stock 7-10 cents lower than the last price. Most prop firms however don't give traders access to trading options b/c deep in the money PUTS carry a large Premuim. In my firm we are given access to trading options so...

Etrade Prop is Over. I saw a few Etrade Prop guys from 100 Wall come over to check out Merril Lynch Prop today.