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Sure, maybe they aren't even naked calls, but even if they are covered calls or part of spreads, they are still significant levels in the strategy no?

Well, like I mentioned, if, for a given expiry, 210 has the most open interest, it functions as some sort of S/R because that is where people must start covering their naked options.

I assumed this was a question about welfare, but perhaps I'm reading into it too much and you're making a broader theoretical question. Could you clarify the question a little more?

Socialize healthcare.

I understand that strike prices of high open interest should be important to the writers; that's where they start losing money. If XYZ is at 200 and I am short a call at 210, though, wouldn't I want to buy the underlying to cover in order to hedge a loss? What is the theory behind 210 becoming...

Here's a practical answer: A "deadbeat" who can't get welfare would inevitably become more of a nuisance to society. Managing that requires money.

I think a fair government is something that comes about naturally when a large body of people says, "Hey! We have a lot of complicated issues that are too energy consuming and complicated for all of us to be able to manage by ourselves. Most of us have jobs and families and other things we'd...

brb buying puts on time

Hypothetically, would the time value of a put be completely lost if DB went under?

I guess not! What are the commission costs for this trade? IB has it at a dollar both ways, let alone the spread. So you're paying thousands of dollars just for the trade itself. Can you afford to lose all of it?

How eager does a big seller have to be to trigger a 6% swing? You'd think they could've decided to spread it out over more than 2 minutes...

Pretty sure anybody who had a stop on got stopped out!

Yes. Your math is correct, not accounting for trade costs. But, why do this math manually? Does your broker's software not allow you to trade the spread as an aggregate unit? Or are you trying to leg in and out?

What a rip. I wonder how many folks just blew up? From 1.26 to 1.15...that's $11k USD per lot in 2 minutes! No apparent news either.

Close when the total value of of the spread is a 14.5 credit? That's the most I can gather from your question.

The TA can't predict any news about its buyout, can it?

Given that an interest rate is looming over the US and that Brexit uncertainties continue, I am still bearish until strong fundamental news comes out. Which won't happen until after Brexit actually occurs and the results are tallied.

Hah! Interesting, although I feel like fast whips are more likely to revert, and I am more concerned about a slow, methodical price action against me. I suppose the differences are what make the market.

Like I said, I'm unversed in this information. It wasn't a cunning plan so much as curiosity. There's so much hype about a .25 point move, and either way it shocks the markets. So why not make the moves more constant and smaller? I'm just looking at it as a way to increase rates without it...

Instead of doing it once a year, why not do it 5 times at .05 is my question.