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I heard he was being squeezed out of a boatload of 1225 line short puts on $SPX last tuesday.

C'mon, over 100 views and nothing? I=Pxrxt So, 20,000 x .0025 = $50 per night, lets say I hold for 30 days. Am I to pay $1,500 per month? That comes to 18K for 12 months, 90% Vig! This can't be right, can it? That seems like a hell of a lot of viggorish to me.

GL with this trade. I sold some 120 line auggie puts as I expect to collect some free premium :) , uh, or more importantly I wouldn't mind being long OIH at that level.

Wow, looks like you are going to make out like a bandit in this deal! :D btw, can u guys help me out with some simple prop acc't interest calculations? :( http://www.elitetrader.com/vb/showthread.php?s=&postid=1139614#post1139614

Traders keep 100% payout profits after fees. monthly option execution $0.50 per contract. volume based rebate starts @ 50k contracts. Equity execution(all-in) 0-1MM $0.005 / share 1-5MM $0.004 >5MM $0.003 20-1 equity leverage 5-1 option lev. Traders charged .0025 for capital...

I sold this a.m. @ 0.85. I still made a few hundo. This was my first foray into flies. I also have an $SOX fly that will go max loss tom. short @ 435:( Again, it's good experience for me first fly expiry, strange beasts, they are. I'm not real big on low prob. lottery like return. I'm sure one...

FWIW, I've been selling ic's on CME for 8 stright months now. This has been my bread and butter play, it's been profitable each month. I typically write a little over 1 sigma(standard deviation) in either direction 30 to 35 days to expiry. I have adjusted twice so far. First, in the beginning...

A bit off topic. Does anyone have an opinion on this trade? 6.28 bot 75 OIH vert Jul 140/145 call@2.40 sold 75 OIH vert Jul 145/150 @1.60 resulting position 75 x 150 x 75 40/45/50 OIH long jul fly. fly currently trading ~1.50. OIH @ 141.22. Ring the register or sit on my hands...

If you want that mid, you'll most likely have to leg into it. Most on here are against legging in due to more risk, blah, blah, blah, but I have found better credits this way. Right now the 1300's are 3.10 x 3.50. try to buy @ 3.20 and shave a dime after a minute or two of not getting filled...

Yes, you are corrent in your analysis, but only on option expiration, and u can't ex. the sold option. option exercise is the exception rather than the rule. It occurs frequently when stocks trade ex-div but rarely elsewhere. Think about it this way, if there is time value remaining on the...

To arb this, you need to go long the pinksheets, which did a whopping 1,500 shares on friday last week. Even if you get those shares, the listed shares are hard to borrow due to the low float, etc. You could synthetically short it via options [-call,+put] but the volume in the options is...

out of curiosity, which broker do u use? fwiw, TOS does not allow a GTC contingent market order. They told me I could use a limit order, but how do I know what the limit price will be when the poo hits the fan? I've actually tested this and the order just doesn't get filled because the limit...

Piker 2 up, 2 down One who trades securities on a small time, even amatuerish fashion. Brett is a filthy two lot piker. Thats why he runs with them ugly little chickenheads. :D :p :) :D

Wow, that worked like a charm! Thank you! :D

"I was so ugly my mother used to feed me with a slingshot" "My psychiatrist told me I was crazy and I said I want a second opinion. He said okay, you're ugly too. " "I went to a fight the other night, and a hockey game broke out. " "A girl phoned me the other day and said... Come on...

Don Quixote -Miguel de Cervantes I try to read at least Part I, once a year. Book of Job -also try to read at least once a year.

I found an interesting paper on DAX FTSE correlation trade. An excerpt here: In order take advantage of extreme positions in the implied volatility spread, there are a number possible ways to structure a trade which would be expected to profit from any subsequent mean reversion of the...

Vega(an options price sensitivity to a change in implied volatilty) is GREATEST for ATM options and decreases the further you go in either direction OTM or ITM.

I found an interesting Natural Gas treatise of sorts as it relates to supply and demand and other issues associated with it. EXECUTIVE SUMMARY BACKGROUND CONTEXT OF THE STUDY This report examines the factors underlying the recent upward spiral of natural gas prices. It paints a very...

I think I will. Yahoo finance is kinda annoying, can't really articulate a reason. Also, the small ads on the marketwatch site are flashing a million times a second on my screen, I feel like I'm gonna start convulsing if the flashing continues. What can I do about stopping it, any ideas?