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  1. X

    Whentech - Wow, hardcore.

    Looks like a pretty basic screen based system for the old style trading sheets. Nothing special
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    My terrible option trade

    Guessing a stock is going up or down is never a sound trading method, nor is buying a put or a call to leverage that guess.
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    Quick Option Trading Question

    Demand for cemetery plots is well known to be fairly constant you wont get much premium trying to sell options there.
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    Best to sell an ATM, ITM or OTM covered call?

    Not really worth discussing the scenario where the market "can't" fall X percent. People have short memories and need to learn the same lessons over and over.
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    Best to sell an ATM, ITM or OTM covered call?

    Depends on the call. I didnt say every single ITM option was an early exercise strictly for the DIV play
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    Historical Volatility

    Its not all that hard to set up a spread sheet to do your HV calc and set your own parameters
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    Best to sell an ATM, ITM or OTM covered call?

    Depends on how deep the call is obviously but your point is well taken and the call seller should plan on being assigned and not collecting any div is there is an X div day during the life of the option.
  8. X

    McMillans Books

    Come on spin you were impressing chicks at the pool with your options knowledge.
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    Best to sell an ATM, ITM or OTM covered call?

    Well the way you casually mention 5 to 10 % a year as if that’s a snap with no risk is a red flag to me. Also you say you’ve been doing this for years and now you’re asking a pretty basic question. By the way the calls all have the dividend priced into them so if you have been selling...
  10. X

    Best to sell an ATM, ITM or OTM covered call?

    What are you expecting to get out of the covered call position? The maximum amount of time premium is going to be in the ATM strike. The further you go in or out of the money the less you’ll take in via time premium. What exactly is your goal in the position?
  11. X

    Options Pricing

    its not that the exchanges use any particular model, its the member market makers who stream their quotes to the exchange systems who set the price. But, yea for equity options the Black Scholes model is pretty safe to use most larger firms tweek their own model based off that one or one of the...
  12. X

    A notice to Noobs regarding Expiration friday.

    All I am saying then is the DATA is wrong, those calls CAN NOT be priced there with the stock at .30 I can not happen, so either the stock or the options are wrong or from time stamps that are not truely identical.
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    Time of day to trade.

    There is no edge in trying to pick direction thus if you base your trades on direction in conjunction with time of day again there is no inherent edge in the trade. The options will be priced based on the price of the underlying at that moment.
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    A notice to Noobs regarding Expiration friday.

    Here is what I pointed out... if the stock is at .30 the call is intrinsically worth 30 cents so if you can buy it at .10 cents everyone would. Therefore your example or your data is wrong. You can choose to take the " I could care less" attitude but you are basing that on wrong data.
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    A notice to Noobs regarding Expiration friday.

    Donna, I used the quotes the OP listed for the option and the stock to make a point that a dime is not the correct price. If I bought every one of those calls I could for a dime and sold the stock at .30 the cost to borrow that stock and deilver it via exercise is less than a penny there are...
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    A notice to Noobs regarding Expiration friday.

    we're missing something since I would buy every single call offered at a dime and short the stock at 30 cents and take the 20 cent profit, and I am not the only one who would do that.
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    gotta be some call sellers getting reamed here

    those who sold upside vol made a KILLING, those noobies who thot selling naked was a good idea lost again.
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    Casino play of the week. Come and get it. part II

    Shocking that buying otm calls and praying didnt work
  19. X

    A notice to Noobs regarding Expiration friday.

    When you're short an option its not the person who bought it from you who directly effects whether or not you get assigned. When an option is exercised the entire pool of accounts who is short that option has the potential to be assigned, its a random selection. On a stock with a 6 dollar...
  20. X

    A notice to Noobs regarding Expiration friday.

    Couple years ago the auto exercise limit was more then 20 cents and at the money GOOG options would not be trading at 5 cents even at the end of the day. Nice story though
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