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The 8 day deletion appears to be an error on my part. I accept that and retain previous offer.

JFC dude... you said "SPY below 58.75 in 30 days" which by my calculation is Mar 17. I've got a pair of franklin's sitting here that will bet binary against that. Open an Intrade bet, I'm on. Or find another suitable escrow. You may be correct, but certainty it is not.

consider my query in the original thread What are you trying to say? The point is that volatility is not unidirectional. Price displacement and velocity are vectors, but volatility is a scalar.

"is the top price" != "only realized to the downside" in any language with which I am familiar (an admittedly small set, especially with regard to natural languages)

Why do corporately what the shareholders can do individually? This is particularly poignant when the individual shareholders have little control over corporate actions and the actions are outside the core business of the corporation. Is it not true that investing capital in the business...

Yes. Shareholders are able to sell at will and can use those same dividends to buy puts individually. More minds making the decisions is better, IMO -- it makes the market.

This is a different set of conditions than previously.

Of course ATM puts could fall in this range at today's volatilities at 3 or 4 days to expiration. This does not change the "offer pennies" statement.

shareholders would be better served by spending that 5% on dividends than on a wasting asset outside the core business of the company

kingofshorts took 100K in "free money" as a vertical because his broker wouldn't let him sell the calls naked

do not attempt to adjust your body more than 2 hours eastward per day; if staying on the east coast schedule is practical, that is probably your best bet.

Buffet is really complaining that he does not have a good value to use for the volatility. Neither historical nor implied volatility for the next 6 months are good proxies for an IV for 100 years on something marked to market.

poweropt.com offers this sort of screen

Whoops. Brainfart. I got caught up in the exercise of unwinding the position other than through exercise. Thanks, jwcapital, for pointing out this option liquidity work around again.

It will feel rather painful if you are still holding at 100.

I do not understand why you would do this at all. After successfully anticipating this market move, why would you turn the position around and guess for a move in the other direction before expiration?

And 63 at the end of March

And don't worry about those little details such as 10 visa transactions per cycle. If they were important the would be in bold.

A little rough. The rapid depreciation in the value of the stock makes it difficult for the option premiums to keep pace. Ask me again in 50 years.

I suggest to you that IB has no way of knowing how many trades of any type you have ever executed.