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They expire on different dates, the 19th and the 30th.

There's more than one way to model a cat. I have not had time to follow up on this, but as a newbie to this whole realm I am curious about the spline fitting. I have a hard time seeing how that is useful. IV is independent of time (as your comment suggests to me)? Hardly! I have not yet...

IB started charging for assignment/exercise?!?

Why not consider 2? As long as the idea is 'the original position is not acceptable' then why not initiate a long call position without transaction cost?

WTF? I will say in reponse to OP that my personal opinion is that the trade was a bad one. I have no idea your thought process at the time, but mine were contrary to yours. It's nice that it worked well. I will agree with dagnyt and disagree with options911 on the matter of only...

It sounds very much like the percentages are unlimited.

If approval is required it can be requested and approved via a checkbox in TWS configuration. As a recent account opener, I am certain I made no other specific request for such approval.

wtf? If you'd been paying attention you would be well aware that dagnyt has NO interest in earning pennies while risking big bucks he specializes in selling theta and vega when it makes sense to him

i am inclined to agree; i have an open ticket (T541577) which may be related to the symptoms you describe; i do not experience what you do, but logging in is flakey (failure before challenge with 'NullPointerException' error) and see periodic 'Out of Heap' messages, particularly after...

as has been already pointed out in this thread: long or short premium may work for condors, but not 'whatever else you got'

I cannot resist: he is flying by the seat of his pants.

Often one sees reference to the work of Black, Scholes, et al in attempting to assign probabilities of price movements for an option's underlying. That work makes use of the normal probability distribution. Can anyone enlighten this inquisitive soul as to the direction folks are taking in...

I am going to hazard that the temptation to do this is stronger in a falling market. In the situation I mentioned in your prior thread (threatened bear spread), the IV collapse helped ensure no new spread of the same expiration looked particularly attractive.

I think he's suggesting the purchase of a call so the underlying doesn't "get away." If there's that much surge in this strong dividend payer, I would think spin is right: other opportunities (gov't bonds?) will look more attractive than paying the call premium.

I cannot imagine a good reason to be buying or selling calls so far out of the money which expire so long from now on a leveraged ETF with such an enormous spread on those calls. If one is merely betting for (near) collapse of the entire financial system, how is he going to collect in a...

faz what do i win?

Perhaps I have been unclear, but I think you are misreading between the lines. My IC was placed a bit later than OP's with the result that the bear spread was threatened. If I read properly, OP elected to take some profits and some more risk. In contrast, I was contemplating spending a...

I am in a similar position and have been considering this. My contract is MNX (apr) and I am looking at the call side. There is still quite a lot extrinsic value in the put side so it is tempting to move the calls up a few points for a small loss. No doubt tomorrow could force a decision on me.

Nice find!

This was actually meant to go in a different thread (about leap calls), and poke a little fun there where one could imagine some party sold a 100K lot of FOTM $5 spreads at a penny apiece from examination of the open interest. It is insufficiently humorous to bother finding the right thread now.