Search results

here is the video of the transaction tax segment from this evenings kudlow broadcast on cnbc: http://www.cnbc.com/id/15840232?video=1238171252&play=1

these liberals/progressives won't be happy until every man and women in the US is a mindless, obedient automaton shoveling dirt outdoors on a highway project or breaking their back on a factory line. that is their idea of productive work. pure marxist crap. i truly wonder if liberty and...

The transaction tax advocate on kudlow tonight was Michael Linden, Center for American Progress: http://www.americanprogress.org/experts/LindenMichael.html

kudlow is doing a segment on the transaction tax tonight. hopefully he and his guests can expose how horrible this tax truly is.

http://www.amazon.com/Volatility-Edge-Options-Trading-Strategies/dp/0132354691/ref=sr_1_4?ie=UTF8&s=books&qid=1251844624&sr=8-4#reader not the holy grail but some decent light reading. :cool:

you might want to read some of Jeff Augen's books. he's a bit cavalier about selling premium, but he has good matierial on earnings cycle plays. your thinking is sound: long vega into earnings and/or short vega afterwards. be careful about the IV skew across the calendar. long back...

i can tell you how TOS Portfolio Margin would margin your position if you tell us what it is.

no way this bill passes. zero percent chance.

otm put calendars are typically used because the trader wants the long vega. since it's a simple debit spread, there's shouldn't be any difficult management issues.

you're selling naked puts; converting to naked calls if market goes below the strike; converting back to naked puts if it goes above; back and forth. you have negative gamma risk at all times, i.e. a sharp move against your bias. stop or stop-limit orders in the ES book are not guarantees of...

spindr0 i agree with you 100%, but contingent on the ex-date being before Sep expiry. i don't have the exact date. if it goes ex after Sep expiry, then part of the diff should be the divvy exposure on the back month. the dividend is so small relative to spreads and minor market...

because GE goes ex-dividend by .10 in Sep. http://www.ge.com/investors/stock_info/dividend_history.html

the calendars should rise in value, not fall. the IV crush hurts them both, yes, but the move toward the strike should help them both by a greater amount. btw in the situation you cite, IV will almost certainly rise and not fall should SPY move down from 103+ to 90. the call calendar may...

the DEC options price in the next quarterly dividend of about .50c or so, that's all. when SPY goes ex-dividend, it drops in price by about .50c, so the options are priced accordingly. the difference between the call and put calendar at the same strike and is a reversal on the front month...

you're scalping around your naked puts which is fine, but why not use the emini options themselves instead of assuming the tracking risk with SPY? or just use SPY with SPY options. why mix metaphors?

it's just another strategy that works when the market cooperates. the market can take you to the woodshed with it however -- a gap down after you sell the puts, a whipsaw up after you sell the emini.

This is all I need to know about you, sir. You are selling naked puts and rolling into a "hybrid" naked call if the market falls (and gives you an orderly chance to sell at your price). Once the emini sale is on, you have a naked call at the strike, subject to the risk of the market rising...

he's not gamma scalping, he's legging into a synthetic naked call sale (-1 emini / -5 SPY puts). covered put = naked call sale covered call = naked put sale if you want to sell calls, just sell calls. you're complicating the process needlessly.

If you do delta neutral (ratio) calendars, the ITMs will always be LongMore spreads, whereas the OTM calendars will always be ShortMore. This is due to the delta of the front month ITM options exceeding the delta of the back month. It's vice versa for OTM.

Remember on Jul 16 how CNBC erroneously reporting that GOOG missed revenue estimates by 1 billion? Watch this little gem: http://www.cnbc.com/id/15840232?video=1185089610