16 fills, 1 long, 15 shorts, 15 winners, 1 loser (1.5 cents), +0.14 average.
My second best day trading OPG.
Played short only, except for a couple (GE, JPM, ...).
They could have almost all have been better.
Got some oil filled.
The point is that the MM is trading an expectation ( ± average of all bets on all earnings at all strikes on all stocks) and you are taking a wilder shot (one bet) compared to him. But nothing wrong with that.
To the OP,
you would need to use a stochastic volatility + jump in price and jump in volatility pricing model. If you ask, you can't understand the math involved I guess. Black Scholes with a good volatility estimate is not the answer, you may got on it by luck.
Just think that MM are not as...
Yes, I did learn some things reading it for about 2 years. I quit because I feel it's always the same after some time.
It is usefull to know what's possible but not really for making money.
You may want to read about 60-75% of it. When you see things that you dont like just skip. Like I...
Yes, they have a trigger where they shut down to protect the parts. Usually it wont happen under normal usage. It's mostly to protect when the fan is broken, the ambiant temperature is too hot or you let it run in a bag. But a little add wont do it.
RTFM
Combination Type:
Covered Calls and Puts
Short an option with an equity position held to cover full exercise upon assignment of the option contract.
Margin Accounts: IB Initial
Initial stock margin requirement + 100% of in the money option value. Short sale option proceeds...