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There is a bid down here though. the mid morning rally seemed like it was led somebody who slowly raised their bid from here up to the 13.05 - 13.10 area.

Yeah the S&P's are acting doggy. The sellers are coming to finish their business, can't blame considering the environment.

and then it immeditaely rallied, lol.

I'm looking at the t&s for the feb 12 calls, all I can say is it's nice to be a MMs. Buying the synthetics puts for .05 below the put bid.

Nah, your not a pussy. Interesting sign it may rally, the highest volume is on feb 12 puts

yeah, did you sell em to me? And you know I'm a pussy, I only sold twenty of those feb 12 s at .60 when it sold down into 90s, ended up selling the other 12 at .55 on the bid.

Ok, I need something to limited my isk to the upside to be able to sell calls. The only thing is I can't designate the exchange.

there is a little diffrence. OK, esignal had about the same. Your not gonna belive this but I may buy some march 17s for .10

although if it goes down to 12.50 it would hold it's value. edited

It seems kind of expensive. An earlier post had me bidding an equivalent .30 for it on Friday. By Itself, it would be better farther away from the strike if you expect volatility. If this moves tommorrow up .50, the spread will be worth less. Feb calls have higher delta than the march. I...

No, I had a bias to the downside going into the report. Earning are a crap shoot and even when there bad, a stock can rally. The fact csco has fallen off here, although along with the general market, makes me belive it may rally in relief. It has kind of reached my taget, the 12s. When...

I'm kind of leaning that way. I've got three hours left.

You guys are busy. Interesting, if it was some sort of collar it would be odd since feb is not a cycle month unless they put it on around Christmas. Unless they anticipated war?

It is suppsed to be risk neutral, however it could still cause an unexpected loss if the puts get excersized. Whether its a reversal or a conversion, they are difficult to put on off floor for edge. I think Metooxx tries to get his traders to do this. Obviously there is a spread between...

If I understand what pegging is then the answer is yes. The close was a good example as I got off 8 of feb 12 for .45 and earlier the 15s were done partly in a similar manner. I actually do have some trading skill(not sure how much) and was able to place the offers at good spots. I'm even...

Stock rallies a little bit, not surprising considering it has come off a little quick. It went back up to the line of support from which broke last week. Today, I sold 10 more of the Feb 15 puts. This was as part of covering the short and to sell gamma. The price were pretty darn good as...

I just realized that you probably think I'll remain short through the announcement. No, my risk will determine where the deltas lean or don't. I could be delta neutral, long or short. I'll wait and see what happens today and tommorrow. I won't make a big bet like that on earnings. Two...

I thought the rally in the first part of the year was built more on hope than reality. Many companies reported pretty strong quarters, but, this was more seasonal than anything else. I talked to somebody at a private equity firm about the prospects for 2003. He said that all their companies...

Theoretically, The position could be better. This where I would have posted an excel worksheet if it didn't get lost. -1000 csco -26 feb15p 40 feb12p 40 march12p For Esignal and my own excel worksheet, puts me at short 1500 deltas. Ivolatility.com has it around –1300. My own...

I needed to get some non-trading activity after the close to maintain my sanity. In the last hour, I managed a reverse scalp, buy high/sell low. I need to be more disciplined in this regard. It wouldn't have been a loss if the stock didn't pop in the last 30 seconds. It is also true that...