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Oh, huge appeals court decision to come down sometime in the next couple of months.

Why is IGEN's IV so jacked? Is there impeding news on it? From looking at the chart and on Ivolatility.com it doesn't seam justified.

So was that you who beat me to that .65 bid in BPUR?

Anybody else who trades through Penson been having problems lately? In the last week, I have been locked out of my account because of a margin call when there was more than enough cash to cover. I never come close to full margin because when I do I always close down to leave a nice cushion...

What exactly does that mean, "beat the indexes"? If your trading purely direction, why not just trade the futures? If your taking decay that's one thing, but option trading as a living is about about capturing edge. In many ways, it has nothing to do with beating the indexes. It's either the...

By buying the Hull book couldn't I be, in a way, supporting his campaign for the Senate. If he were to win, which is strong possibility because Illinois is trending Democratic, wouldn't I give up any incremental increase in my P&L through higher taxes?

I also sold 10 of the july 7c for .40, exactly at the close.

Puns are allowed. I would do it with puts. It's the same spread. By buying the July 5p and selling the June 5p, I have the position sometimes refered to as the Jelly Roll. I would be long synthetic stock with long call/short put with Junes and short synthetic stock with the short call/long...

anybody doing anything in DNA? The seems a few things there.

I did mange to sell 10 of July 5cs for 1.10. So, my position is a short time spread. +10 jun 5c/-10 july 5c for a .50 credit.

There is 26,000 bid at 4.95 on island. Must be a married put.

It wasn't neccessarily what I had planned but how things worked out. There is pretty big volume on the July 5p bid. It would also be the juiciest bid to hit to sell premium. I would need to find some short deltas first.

So far I have bought a 4 lot of 5c for .60. The stock is hard to borrow so have done anything to hedge. I would like to sell some of those July17c for .40, that's my order. It gives me some long gamma to scalp. The other cheap play on the board are the Oct 7c, nearly pulled the trigger this...

I've put out some orders but nothing is getting hit.

I'm here

Many of my interests have at least some tangential impact on trading so that much of my time is spent on it one way or another. Starting out, I used to be really bad and stare at the 20 pages of Microhedge printouts I'd run after the close all night . Now I'm much more subdued and maybe spend...

I ordered the Option Market Making book used on Amazon today.

I just looked at this. It is very interesting, decent volume with most options having wide spreads. Somebody remind me Monday morning. The July 7c traded for .50. Some of this stuff seams like a no brainer.

I agree. Otm calls in general are often the worst way to play moves up. Very true, which is why so many people on the exchanges are leaving or not making money. There are too many single digit or teen stocks out there. Being more comfortable with small premiums, I don't mind it but there are...

Small stocks seem great from this regard, but there are definitely good reason I don't trade them now. To much work and risk involved for the P&L. As a MM, I would definitely trade these, a ten lot still means something.