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Would that be the bid or ask? :)

And why would you do that? :)

botpro ........ Don't listen to all the negative posters, there is a lot of professional jealousy on this site. Your "Continuous Hedging" idea is brilliant and it shows you like to think outside the box. Keep working on the concept and it will eventually bear fruit. :)

I assume you bought those at a lower price when they were OTM? If so then I would be a motivated seller and be happy with the $1.92, even if it's lower than intrinsic value. Take the money and run. :)

This Baird fellow is obviously wrong. Naked Calls = Unlimited Risk Covered Calls/Naked Puts = Limited Risk :)

At 1:05PM you posted this in your "Strategy: Selling Put Options: The Best Income Method?" thread. Then later on at 1:54PM you started this thread. They are identical posts. That is cross-posting which is frowned upon by most forums. :)

Botpro ....... You are cross-posting which can lead to the thread being deleted. I replied in your other thread "one-time hedging" vs "continously hedging" :)

As in Credit Spreads or Covered Calls instead of being short naked? As in micro-managing by selling and/or buying options to adjust the trade as it progresses? The first choice is the safest and it will define your risk from the open. Closing the trade at a loss or profit is better then...

Yes drcha aka Captain Obvious that is correct. That's why I suggested to botpro a few days ago to try a PEP Put 90/85 Credit Spread instead of selling the July 15, 2016 PEP 90.00 Puts naked. :)

But daniel5198's post is just a blanket statement that doesn't apply to botpro's post he replied to, and botpro's post was in reply to my post which was in reply to an earlier botpro post. The problem with those 1-line answers is that they don't take into account the flow of quoted posts and...

You don't "hedge" or micro-manage in anyway .......... All options positions including Short Puts should be left alone while the trade is open. If the trade is too risky for your comfort level then make changes before you open it. :)

This is an interesting chart. :)

IMO ....... If you can find options for US dollar vs Chinese Yuan the bid/ask and volume will be very unfavorable. Back to your OP and post #4 ....... The best way to hedge the Canadian dollar/Chinese yuan is to buy/sell the Chinese yuan with/for the Canadian dollar. :)

Out at $0.10 2016-03-04 11:33:37 ET SOLD 1 CALL GOOGL 2016MAR04 740.00:US at $0.10 USD :)

Thought I would share my trade with you. Email confirmation: 2016-03-03 15:45:03 ET BOUGHT 1 CALL GOOGL 2016MAR04 740.00:US at $0.80 USD Risk is the $80.00 debt I paid, expires tomorrow. :)

Only to you. :)

CAD/USA vs USA/CAD is irrelevant. The OP stated "company" which one would imagine means a dealer and not an exchange and they could quote CAD/USA or USA/CAD - both are valid. :)

The bid/ask might be very wide. Maybe try a CAD/USA USA/YUAN combo? :)

Botpro .... Based on the PEP quotes you posted I recommend this Put Credit Spread trade: Sell July 15, 2016 PEP 90.00 Put at $1.62 Buy July 15, 2016 PEP 85.00 Put at $1.03 Credit $0.59 Maximum gain $59.00 Maximum loss $441.00 This trade requires a much lower account balance then selling the...

Trading Ideas Paper Trading Live Trading botpro ........ You have completed Step #1. You are now ready for Step #2, which involves keeping track of a paper trade with real quotes and seeing how it progresses - this step can be completed in a few weeks. Yahoo Finance is a good place to track...