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When writing options, you must be hedged. Otherwise you will eventually blow up.

No, NOT cool. It is not possible to be positive gamma in using short options only.

Listen dude. Put down your crack pipe for a sec and listen. You keep asking and answering your own questions in an endless circle that might make some people here pull their hair (or whats left of it in my case). Just put on a trade (and for godsake a paper-trade) and go along it real-time...

If you are counting on a hypothesis that when PEP will fall to 88.3 then the 90 put option will trade for $1.7 then I am afraid you are going to be very disappointed. 'nuf said.

your patience is admirable

???

E-mini S&P 500 Futures. Trades on CME.

same here :(

Not marry...? :(

pls let me know when Fattail (or a relative) is coming back. There is a desperate need for a decent options traders forum.

I trade CL option spreads , near the money, with no liquidity problems. With IB.

I trade 100 lot on SPX combos. No problems with fills. Can't see a reason to break up the order.

C'mon guys, give him a break. From his question its obvious he hasnt got a clue what he's talking about, unless he typed "sold" instead of "bought".

Thinkorswim (Ameritrade) ?

Does anyone here have experience with those? Liquidity? spread executions? skew?

derivatives?

The edge comes from getting the direction right. Be it price or volatility. Its that (not) simple.

Do you realize you are completely naked here? The risk is unlimited to both sides. Any sharp move in any direction and you are screwed. Having said that, this looks like a smart way to trade the volatility skew IF you are very experienced, hedged elsewhere, and when volatility is higher when...

And the point is...?