Search results

I see it. The ASK was at .85 for a while yesterday, just didn't get done.

I've been bidding the XLE SEP 58/AUG 58 Calls at $.85 since yesterday. Also got the AUG/SEP VIX 15 Calls @ .85. Gone ITM on that one.

OK... Here we are shortly before expiration on the Jul 20 calls. The VIX is at 18.00 (-.64). The b/a is .15-.25. I sold the 20's for .40 and want to buy back at .15 - not unreasonable but the mm's are playing their games and keeping prices up until the very f'n end. I vote that the CBOE...

And a few Frank Frazetta for additional fantasy.

Rally, Good thoughts here, thanks for the input.

I like your ideas re the VIX cal. Placed an order for the Jul/Nov 20 calls at 1.70, no go. Will look at it again tomorrow. Hoping to get in and sell Aug early next week.

It sure kick-started my day here in the office. :D

:D

For those more experienced in trading SPX... I believe the RUT is subject to "SET" at expiration like the SPX. The symbol is RLS. If so, wouldn't blure2 be better off closing his positions early instead of just letting them expire?

FYI - A new etrade opened up in Orlando (they moved from another location), I went in there to check on their options platform. Nobody other than me knew what a spread was. We couldn't get IV info on the options and NBBO had to be figured by hand. To be fair, the guys in the office...

:D

Sounds like you've got a good neutral bias...:D Thanks for the overview of OIH. I ass-umed the prices of oil stocks move up as oil does.

I looked at doing cals on OIH a few days ago. I can't figure OIH out. It goes down when oil goes up, and the vols are down when I would think they would be up. I trade RUT and RMN in cals and do fine. Go figure. Good luck with your trade.

What index are you trading?

Agreed. Market neutral/comfortable for me works much better than trying to anticipate direction. Much better to place good positions based on probability, than hope I'm correct on the future direction. Funny thing, I was rereading the class notes as this post came through.

Good point - You wouldn't want to know where I would have put them...:D

In the example they gave, the calendars were placed at the long strikes using the SPY's. They discussed OTM CS's, but I'm thinking with FOTM CS's the calendars would be more effective at or near the short strike.

Most likely Syria, I'm sure they are next on the list. It's probobly more like Lend/Lease as opposed to selling.

My calendars are looking cool blue. Not even 10% of the stomach tightening as my CS positions give me. Was in a TOS seminar a few days ago and one of the presenters (JJ) said that many pro's who do IC's use long calendars to hedge. FWIW

Makes you wonder how much $$$ Lay donated to Mr. Lawson's causes...:confused: