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How was Jamaica ???? Ya Mon !!!!!!!!:D Sample any of the native vegetation ???:p

Or is it because so many people love Jack? Personally, I have no opinion on the matter, but I do find it amazing that so many people are more interested in posting/bashing today instead of trading :p Ahhhhhhhh, can't beat the summer blues !!!!!!!! Vega:D

Murray, Not sure what volume you're speaking of, and honestly I haven't looked in a long time, but keep in mind that the majority of the trades in that pit are some form of spreads, be it simple call or put spreads, risk reversals, straddles, strangles, butterflies, or even rolls. Sometimes...

Well, there's a couple of things to consider. First, if you sell the Sep call, you are basically giving away any kind of upside profit on the position, because for each dollar you make on the long Oct call, you lose on the Sep call. Second, your Sep call will be assigned, and in order for you...

A few days ago, yyyrandy made his whopping 8th post talking about the much anticipated HamzeiAnalytics.com option trading service which provides 16 free option trades (get what you pay for, lol), and I took great pleasure in tearing into him about PAYING for advertising (ironically good ol'...

You can still buy and sell them anytime you like. The difference is that with European style options you can only EXERCISE them on expiration day (or as is the case with SPX options, have them settle to the price on expiration Friday morning). But with the American style options at the CME...

That's another way to do it, of course you limit you max profit to $25 minus what you paid to put on position, but I guess that works too. If I remember correctly from a while back, didn't you used to be a broker at the CBOE--cracks me up that the position you recommended had the most options...

If you think the S&P is going to break out of its 960-1015 range, you want to be long either a straddle (buying both the call and put at the same strike, same month) or long the strangle (buying both an out of the money call and put in the same month). Depending on how much you think the S&P...

If you can sell the call for $3, then buy 300 shares at 55, sell 6 55 calls at $3, giving you the exact same risk parameters, and a net price of $49 on the last 300 shares:p beat your strategy by a whopping .50 !!!!!!!!!!!!!!!!!!! Just kidding, but if the stock ain't gonna move, you ain't...

1) I'm assuming that if you had the cash to purchase another 300 shares at 50 that you will be able to cover the margin of being short the straddle. 2) You are also saying that you are very comfortable being long the stock at $49.50--regardless of where it is trading (<49.50)--the main...

the options on the SP 500 futures that trade at the CME DO trade on expiration Friday, assuming that it is not a quarterly contract (mar, jun, sep, dec), however I'm not sure about the e-mini options. Hope this helps Vega:D

Keep in mind that the S&P 500 contracts are 2.5 times bigger than the SPX. Each contract at the CME (S&P 500 options) can be exercised into 1 BIG S&P 500 futures contract. Also, CME options are American, so there is early excercise to consider. Next, the contracts at the CBOE (spx) are...

If I sell the call for a whole dollar, that means that I collect $100 per contract I sell, what's the worst thing that can happen ? Maybe I can sell the put for a dollar too and make $200 being short the strangle. Geez, if I keep doing this I can have a nice steady income coming in. And I'm...

The poor sould could've been 17 and not 67 !!!!!!!!!!!!!!!! Sucks either way, and I thought that doing due diligence in trading was important !!!:p Vega:D

I'm a life-long Chicagoan, I'm just trying not to get my hopes up !!!!! But of course I want a World Series in Chi-town as much as anyone ! Vega:D

I was listening to the radio at lunch and they said that it was only the 11th time in 100 years that both the Cubs and Sox where still in the race in August:p Gotta love that performance last night by Zambrano, and the Sox bats are looking pretty good. Even if the Cubs or Sox don't make it...

Just saw an ad on Monster.com for an "Electronic Exchange Officer" in Chicago !!! Said "Company Confidential" as to the employer, yet also said that if you spoke German it would be a plus, hmmmmmmmmmmmm, who could this mystery company/exchange be ???:eek: :eek: :eek: :eek: :eek: Vega:D

What pit did you trade in at the CBOE and when ?? I was down there from 1995-2002. Vega:D

I'm assuming that during the training that the trainees are not getting paid a dime, correct ? So I would have to go for 6 mo and not be getting paid, then "if" I make it, I would be awarded a "trading acct" and then get a cut of the profits ? That's a long time (and big gamble) if you don't...

Let's say you're talkinga bout the SPX (S&P 500) options at the CBOE. One at the money put = 50 deltas, so to hedge that you would buy 1 e-mini !!!!! If you're talking the NDX (Nasdaq 100) at the CBOE, again, one ATM put = 50 deltas, so use 2 or 3 e-minis to hedge because each ND e-mini is 20...