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  1. V

    Nitro!!! I will propose a challenge!!!

    Is there something in the water over there in boyz town that has you two going at it?? :p Just kidding, don't know what got this feud going, but us Chi-town guys gotta stick together, I hope you two can bury the hatchet, best of luck. Vega:D
  2. V

    Bridges Closed in NY?

    No problem Tgregg, always willing to share my knowledge(or more likely lack thereof) with others, lol Vega:D :D :D
  3. V

    Bridges Closed in NY?

    Saw on reuters or cnn.com there was a shooting at NY City Hall, probably due to that, but I don't know for sure Vega
  4. V

    IDCC - What happened?

    NOK requested binding arbitration in regards to royalty payments was the story from Briefing.com--just a guess, but I don't think NOK wants to up the ante, lol.:p Vega:D
  5. V

    AMGN spread before earning

    The reason I said earlier to try and exit using a spread (sell one straddle) is that generally--and especially on smaller orders--MMs will give a better price on the straddle than if you try and leg it. Of course if you're kind of using the straddle to trade the stock--(i.e. you think the stock...
  6. V

    AMGN spread before earning

    Just looking at the way you legged in, and it looks like you bought the put for 2.25 with the stock at 69.90--so that option had .10 of intrinsic value--you essentially paid 2.15 over that value--this difference can be associated to the amount of VOL in the option. Then with the stock at 70.49...
  7. V

    AMGN spread before earning

    To be honest I didn't check the math, but I can tell you to be prepared for vol to get killed tomorrow if the earnings come in as expected. The MMs jack up vol because they do not want to get caught short vol going into earnings (they also know the public is more willing to buy options than...
  8. V

    Roll Call: Options traders

    There are pros and cons to both options trading and just trading the stock/SSF outright. But I believe that the point lindq was trying to make is that generally when trading options, most people (and don't take this the wrong way) but especially those new to options trading tend to take on...
  9. V

    Options on Index Futures

    He might be able to help you out. Vega:D
  10. V

    ES- more 100+ contract trades today?

    Seems to me that a lot more option trading firms, specifically in the SPX at the CBOE have been using the minis a lot more to minimize slippage. Keep in mind that 100 minis is only 20 big spoos, and that as we approach expiration and traders are unwinding positions, for the MMs to put in orders...
  11. V

    Options on Index Futures

    My advice would be to use the big contracts. Without restating the obvious, I think you would have a lot more success sticking with trading 1/5 as many of the big contracts due merely to the liquidity offered in these options. I can't make any guarantees, but from experience working in that...
  12. V

    Followup to French boycott stuff with Fairplay and msfe

    I don't care if the importance of the US dollar in France is over or underestimated........ the bottom line is the thought of the pompous French kissing ass makes me giddy:p Vega:D
  13. V

    Emini- How many Contracts can you Trade

    Still confused as hell about how you're trying to enter trades. but I'll answer your quesiton for you anyway. I used to work for a firm trading futures and options, and I used to do the execution on the minis. Let's say that the mkt is 996-996.25 100*100, if I had 150 to buy, I would put in an...
  14. V

    Natural Gas

    Pattern might look juicy, but watch out. Fundamentally doesn't seem like there's gonna be a big down move anytime soon. Seems like the only news you here is about low stocks of NG and that the supply in the future aint looking that great. That being said, seems like most of the bad news is...
  15. V

    Emini- How many Contracts can you Trade

    Was that a typo ? It looks like you said that if you were a buyer with the offer at 966.5, you enter a bid of 996 or 996.25 ?? Vega:eek:
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    Ellison on Black Scholes

    Back in the day, DELL was also notorious for selling OTM puts to finance the cost of stock option grants (and make money too). I can remember being on the floor and seeing a ridiculous amout of size going up, like 20000 contracts, only to find out later that it was none other than DELL doing...
  17. V

    Do you hate Nasdaq?

    I'm a little confused by you statement that it's better having a specialist to move the price down if there are more sellers than buyers. Wouldn't you rather have the marketplace take care of that as opposed to one specialist who has access to all the other orders ?? I've traded and will...
  18. V

    Ellison on Black Scholes

    So Ellision is saying, "Sure we'll expense stock options, but just not at the actual value their worth.........." I'm guessing that if for some reason they were including the stock options as revenue, that Ellision would find a way to increase the value of the options, something along the lines...
  19. V

    SSF Volume?

    Bruto, Although it was probably not what you wanted to hear--what Def said is the reality of the situation. Do you expect the MM to give you money while they take all the risk?? I agree the spreads on SSFs are wider than the underlying, and I've heard that the quotes for the SSFs don't...
  20. V

    SKTY Trading in Chi-Town ??

    I sent you a PM, did you get it ???? Vega:eek:
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