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For those Vix traders Out there
where would you look to see if that trade was hedged? You dont even know what side was opening and whether its a hedge so any myriad of types of portfolios -
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What happens to my GTC coverd call order if stock gaps up?
You'll get filled at 20 cents or pretty darn close especially on a small lot like that if gaps during the day. On an overnight gap you'll get the price where they open which will probably suck too -
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Covered Call on Wynn, Dividend Capture Strategy
In for 4 bucks? How ? Unless you owned the stock before yesterday's announcement you wonât be getting the 4 bucks. As far as MMâs selling calls all the way up, good for them I am sure theyâre pretty happy they got to sell those calls and probably got the buy puts all the way up too. Of... -
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Covered Call on Wynn, Dividend Capture Strategy
Apparently you believed it was an unfilled real gap as evidenced by the post you made earlier, you made a mistake move on. -
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Covered Call on Wynn, Dividend Capture Strategy
There is no real gap the price adjustment has to do with the special dividend announced LOL -
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Covered Call on Wynn, Dividend Capture Strategy
The dividend is for 4 bucks, so for example the 50 strike will now be the 46 strike and the 45 strike will be the 41 strike and so on. Its a simple way to price in the special dividend since the srikes have already been listed. Go to the OCC web page. -
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Covered Call on Wynn, Dividend Capture Strategy
WYNN did this in 2006 back then they had a special 6 dollar dividend and the outstanding contracts were adjusted in strike to reflect the dividend. There is no such thing as a free lunch and there is no way to get the dividend without owning the stock and realizing the corresponding fall in... -
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500 covered call contract question.
How would we know how he's doing? -
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Price discovery on wider option spreads
Since you're retail you always get NBBO up to 50 contracts, it may be even higher now I forget. -
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Dispersion...non-institutional
In some cases I would say yes but just realize that you're in the arena with some of the most spohisticated and tech savy firms in the world with much deeper pockets and resources than an individual. -
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Price discovery on wider option spreads
50 lot is pretty tiny in fact it qualifies for NBBO so anytime you post a bid or offer for 50 as long as its not AON if you've imporved the bid or offer you'll be the first one to get fill when/if they trade there. -
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Dispersion...non-institutional
The thousands of firms who run dispersion off the SPX all have done their own correlations for the components and typically they all use somewhere in the neighborhood of 27 to 50 different components. There is really nothing new here and the dispersion book has been an overcrowded strategy for... -
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500 covered call contract question.
500 is nothing for the market oabsorb looking at the daily volume and OI in that strike. I always find it interesting that people with 3/4ers of a million tied up in one stock need to ask total strangers for advice. -
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Making 1%/week selling covered calls
Why would you change strategies if you were making that 65% return annually? -
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Question about Buffett's Puts
Actually they can easily blow up in your face in a major sell off which does not have to happen over time. The margin to carry those short puts would go through the roof and they would be tough to hold. -
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Question about Buffett's Puts
If he did short those puts they are not listed products, it would be all OTC stuff so you wont be able to find out. The credit default market is also not a listed market so again its private party info -
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Short 150 GE call contracts (15 strike NOV)
Yea the market always lets retail sell the high print of the day in a series LOL. Itâs always a good idea to sell at the money unhedged options, what could happen?