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I don't expect that either, but that's what it would take for these 1475 puts to be in the money on Monday. For those of you who think there is no chance of this happening, feel free to sell these puts for easy money.

Seems like there is a lot of fear of a big move on Monday. SPX is currently 1690 and the Quarterly SPX 1475 puts which expire on Monday are .05 bid. Haven't seen puts that far out bid with only a day to go in some time. The Straddle itself is trading about 13, but the bidding of these out...

I see the Oct 12.5 calls trading at 11.20-12.20 with the stock at 24. Could you have been looking at an old last price?

Again, you need to focus less on the midpoint. The spreads will trade off of fair value, which may or may not be the midpoint. I don't believe you can quantify which spreads will trade better or worse to fair value. This changes with order flow. If market makers have been buying premium they...

Will agree with what others have said, especially about the midpoint perhaps being meaningless as it could be changed by a single bid or offer. I trade extensively in the SPX. Generally all the market makers will value certain spreads the same. These will include front week/month verticals...

If you tell us what stock and options your position is in, we may be able to be of more help. Without that information, the simplest thing to do is simply take the spread off. You will not be assigned on your short calls before expiration (and you shouldn't exercise your longs) except in...

I wasn't able to find it on their web site, like the CBOE displays for free. I currently pay for it through my quote/execution service (WEX). It used to be offered for free, but the exchanges started charging a couple of months ago. Depending who you use for execution, it may be offered.

The main issue is a cost one. If you have 20 butterflies, that is 80 contracts that will be exercised/assigned. This could cost you more than simply selling the butterfly at 0. Other than this, everything should come off your sheets with no problems If you were short the fly, instead of...

This is the main thing that has worried me about IB, a company that I think is great in so many other areas. I once had a butterfly on in the SPX PM settled options. It was a way out of the money put butterfly that I had put on for 0. Now there is no risk at all being long this butterfly...

You would simply buy the 460 put and sell the 455 put. This would give you a "box" and lock in your profit. The risk to this spread is the stock closing at the strike price or close to it (either 460 or 455). In that case you would not know if your "short side" would be assigned or not. If...

How much capital are you going to deposit?

It frees up margin to allow another trade. If you let a postion settle to cash, it will take up margin until it comes off your sheets.

This had always been a 'free money" trade. With the OEX settling at about 4:02, you could sell or buy an expiring option 5-10 cents over/under parity. There was usually someone who wanted to close out a position instead of letting it exercise into cash. This 'free money" wasn't so free on Friday.

Interesting thing happened yesterday. The OEX settled at 746.75 yesterday. Options continue to trade until 4:15 est in this index. I noticed that call options that were expiring into cash were trading .05 over cash. For example the 745 calls were 1.80 bid, the 740 calls were 6.80 bid. This...

You are synthetically long the 25-23 put spread (or alternatively synthetically short the 23-25 call spread.) Max profit at 23.

Does this mean we should stay away from single listed message boards?

Over 2 hours now, no updates from the cboe when they will be up. Currently have postions in the SPX weelkies that expire tomorrow that I can't trade.

Still down, no indication when trading will begin.

Still down almost an hour after opening. No indication when trading will begin.

Hope you don't need to trade any products that just trade on the CBOE (SPX, VIX, OEX,) because the exchange is down right now. The problems of single listed products.