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Got it. i was looking at this statement in a vacuum(sic). i was thinking chi was long like some 40,000 deltas in GM. that would've been nice! :D

Is it feasible or even advantageous to scalp downside compontent gamma in the dispersion trade?

Nice call on GM. did u ring the register?

I negotiated a buck fitty per, and zippo ticket charge. i am also doing midget size, oh sorry 'vertically challenged' size. needless to say, im a tos'er fer life! :)

ThinkorSwim does not charge for any cancellations. I have dozens of cancels per week, and i am not charged a red cent. I even asked them about cancels and they said don't even sweat it! TOS is da bomb, yo! lol

I guess I understand your point. There has been a whole credit paradigm shift in the last 5 years or so. Folks, remember when we would only whip out the credit card for things like plane tickets, or jewelry or other luxury items? {sigh} It is so ingrained in our culture now that people...

i bit off topic, but getting back to the whole credit card issue. I feel people SHOULD have their credit card #'s stolen for going into a coffee shop and paying for an 89 cent cup of coffee with a credit card. WTF is up with the credit cardification going on where people feel compelled to...

Wow...this contract is getting parabolic. Too bad the slippage and spreads are absolutely ridiculous. $4 bid $8 offered for a measly bull call spread. People would be calling bloody murder if this was an equity option. I wonder if there are any open positions in the copper pit?......Gee, I...

I drive a new Nissan Maxima which has the same chassis as the Infiniti G35. I'm single and would've went with the coupe but I live in a friggin' snow belt and needed the rear wheel drive. Same engine as G35 too. My maxima 4 door rips it up, 275 ponies, sports a navi, and gets mad crazy 28...

I'm pretty sure a reverse conversion would not work because the stock is difficult to borrow. I believe it would not work with a conversion either, but maybe someone else with more experience can elaborate.

Can someone with reliable data help me? My broker is showing jul 350 calls IV dropped 1000 bps, all other calls near the money are roughly 61.5%. incidentally, this is my short strike! should i close for a one day 90% gain? is this info correct? help please, thx.

I agree with Sheridan. The idea of 1 sigma is just that, you can expect to adjust 1 out of 4 months, or a little more than that (68-75%). The adjustment I guess you could say it's martingale like, putting on 50% greater size than original. But adjustment is a new s.d. from index, and it's...

looks like a high prob. vega play. I'm gaming the deltas here. otm bull calls. the short squeezaroo should play itself out in earnest over the next few weeks. [finger's crossed]:)

I have 1675/1650 may bull put on. lol, the weird thing is I think my 1825/1850 bear calls will get hit first and are more in jeopardy. I don't know why I'm so bullish, but I think the index trading down here is just noise until it moves higher.

Erie, PA

incorrect. cc does not generate income if the stock goes down by more than the premium rec'd for the sale of the call. in addition, the downside is unlimited in scope. plus, if the stock makes a monster move north, your stock can only participate up to the strike you sold(opportunity cost). It's...

yes. CC is the synthetic equivalent to a short naked put. When people talk about drawing an "income" by selling the call, and "protecting it" by owning the stock, is extremely misleading and irresponsible.

A Trader and His Money A successful trader parked his brand-new Porsche in front of his office, ready to show it off to his colleagues. As he got out, a truck passed too close and tore off the door on the driver’s side. The trader immediately grabbed his cell phone, dialed 911, and within...

Incidentally, did u hear about a hedgie being squeezed in copper? I'm looking at a six to eight month call ratio backspread to take advantage. would backwardation play any significant role here? thx.

I missed the webinar, I'll have to catch it in a few days when they re-broadcastor archive it. I like Dan Sheridan, he's a character, and interesting guy to learn options from. That front month vol in HPQ to me portends higher expected range, not sure long calendar would do well here...