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    Markets (options) efficiency

    Oh , I see. I meant that sum of all intrinsic values at expiration will be equal to initial premium received (or paid) , which was 6100$. BTW , the total bid/ask spread is around 250$ (1250 stocks * 20c per straddle) , so b/e for retail “longs” is 6100$ and for “shorts” is 5850$
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    Markets (options) efficiency

    I am not sure if I undestand your question ; what do you mean by not necessarily flat ?
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    Markets (options) efficiency

    week end 2/22 Starting total premium = 6084$ (intrinsic = zero) Current total premium = 5926$ (intrinsic = 1788) - 3%
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    On what products you trade options ? (vote)

    I just did ; good poll
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    Markets (options) efficiency

    hehe …nice try , atty. I think results will be flat/neither…And btw , I am both long and short…just depends WHICH ones. Well , market is closed , so I’m bored
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    Markets (options) efficiency

    Let’s settle short vs long vs neither debacle ones and forever: *Total stocks : 1251 ( price > 10 ; average option’s volume > 300) * Total premium = 6084$ ( sum of all ATM straddles , one per stock) * ATM strike = current price I will post total intrinsic value after 3/21 close.
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    The Implications Of Schindler and VN

    Are you willing to put your (family) money on this ? In the era of most liberal accounting, horrible earnings purity, insider’s scams? Goodwill as intangible asset ? G-d bless then
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    The Implications Of Schindler and VN

    but of course…it’s a customer fault !
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    The Implications Of Schindler and VN

    tulips futures
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    What if open interest is skewed one way?

    Nonprofit , here is an idea…How about back testing an AFTER the FACT pin action ? Check just stocks that “suspiciously” drifted toward the strike/max pain on exp day , lets say from 26.5 to 25 . Then go long stock ( or short put or long call) on Monday betting on price reversal. Just ONE...
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    Stop Losses are for Losers

    stop losses = martingale
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    What if open interest is skewed one way?

    Probably a waste of time , IMO. One of the examples: •Stock is at 50 , I bought to open 10k ATM puts a week or so before exp. •Stock tanks to 40 , puts becomes deep ITM •There is a huge b/s spread ; bid is way below intrinsic [ less than 10$] •I am approved for PM , so I buy 1mil...
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    Thoughts about my VIX trade

    I am not sure what your reply has to do with my post from 1/21. This what vix did NEXT morning : Date Open High 22-Jan-08 35.12 37.57
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    Perpetual Options

    what happens to these options in case of buy out ?
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    Hard to wrap my head around alot of the options strategies

    no
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    Schindler Trading up 17% YTD

    Paging little power-loser for public whipping...
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    Schindler Trading up 17% YTD

    :confused:
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    CME options calendar... atticus?

    you know my answer :)
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    Quants are responsible for high volty

    http://www.forbes.com/2008/02/06/croesus-chronicles-darkpools-oped-cz_rl_0207croesus.html?partner=yahootix Didn’t they blame them for LOW volty ( by arbing every 5c and keeping the price steady) just an year ago ? :confused:
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    "I Am A Market Maker"--The Quote

    Chi , xflat is defiantly legit… I personally find this thread interesting ( some new info for retail trader like me) , but if you must…
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