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You can twist it anyway you like the fact remains that if you had been using a covered call strategy or naked puts your getting hurt badly in this market

Is this guy serious? CC sellers are getting smoked aka naked put sellers. He sounds a lot like a guy from vegas who litters another options board I visit strictly for entertainment and he provides a ton.

Its early and I would think about hitting the middle vols on the call side of the SPX... lookin at how fat the 1520's are compared the whats out there.

You are only kidding yourself if you really believe that even direct access firms dont have soft money deals and payment for order flow deals in place. Thats the way business gets done in todays markets. They actually benefit the customer because it keeps your transactions costs down since...

IV LOL you been laughing at the bozos on yahoo

IV LOL you been laughing at the bozos on yahoo

this thread was about how someone thought that covered call sellers were doing well, they're getting smoked, end of story there. "blended" LOL is that like coffee?

Just wondering where you get your data for what is typical?

You'd have to be selling calls a lot closer to the money then the puts you're buying. The use of the premium to just buy calls out right as we all know is a crap shoot. Buying calls or puts out right historically is a tuff tuff way to make money few few few people are successful at it. In...

PLaces like the CBOE and PHLX used to offer FLEX options on equities which essentially was an attempt by them to replicate OTC options. The PHLX used to also offer FLEX options on currency. I dont know if any of those products are still available but you should be able to contact those places to...

Happens all the time. Look at the calls in the SPX. Quite frequently since the skew in the SPX is so great, and there are so many strikes ( ie. their deltas are so close together) that calls in a particular part of the vol curve will either no move or go down in a move up in the underlying...

I am not doubting their guideline are out dated and in some cases down right silly. You gave the impression that there are guys out there calling clients to get them into covered calls with no basis at all other then trying to ring up a couple bucks commish. IMHO the "public" trader or...

I dont think a lot of brokers are saying that. Its not in their best interest to have their clients get smoked.

ssmeg, but its conservative and they were protected right? LOL

Any decent options trader who had the savvy to buy calls and hedge them with the stock (short stock long call = long put) made a fortune this week. They were long gamma and had all kinds of opportunity to trade that gamma. Anyone who had covered calls took and absolute beating this week.

Whats the point in posting vague innuendos from an un-named source?

The pump in the VIX is a case for having bought options already not sold them. The covered call crew is taking hits for the reasons already outlined. Those small premiums they took in may help a bit but the stock tanking is the real hit.

Very very funny.... We have a crop of guys who trade individuals but thats not a name we trade and I dont sit on that desk. Long front month in SPX, just sold more vol then I should have ysterday. But that volatility trading stuff is just theory anyway, can I get you a gatoraide?

Sorry I am not versed on how retail people get their assignment settlements. I would assume that as long at they were in the money you can expect to be assigned. good Luck

there is no mystery, those contracts are auto exercise.