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Its a toss up.. deep in the money covered calls have little to no veag anyway so you're not selling volatility. You'd give up a fortune in edge to sell the deep call and do the hedge. As every pointed out you're essentially selling the cheap put, oh and that could never blow up in your face...

Brokerage houses make money on EVERY TRADE a retail client makes even if they're in a flat fee deal. Pure retail order flow is subject to payment for order flow deal on where and who they send your orders to. So they make both hard and sof dollars on every single trade you make through whats...

To be honest I don’t really care what reasons retail options buyers or sellers have for making their decisions. I can say with 100 % certainty that they DON’T move the markets or set the price. Since “expensive” and “cheap” are relative terms you really need to qualify them before...

I am new to this board, barely a month or so.... I am guessing this guys going to tell us that all models don’t predict things like SEC Well's notices or BRK all of a sudden showing interest in buying shares in XYZ? You guys who have been here longer I assume have run across this kind of rant...

Grant, I dont know if you meant to reference WADE COOK with that comment about "wade through" he's one of the more famous hucksters in options. I believe the feds nabbed him for telling people he made his money in the markets when he really made it selling books, cd's, tapes and doing seminars

FOREX options trade at very low volatilities. I remember going years with dollar / yen volatilities in the single digits. I remember a stretch in dollar / gbp were volatilites were sub 5%

The players in the straddle ( July ) sure as heck better have been trading the stock vs that straddle and not sitting around praying there is a pin in a strike 25 or more away from yesterday. If you bot that straddle you could have been locking in huge profits buying stock and if you...

Nice I'll get into it some time later today, great find thanks!

I see its not a flat fee per month or so its a flat fee per trade. I get the feeling if you're trading a lot of 1000 lots they're not doing them for 9.95

How man contracts a month will they let you trade and whats the flat fee? Thanks

Is some one saying they trade thousands of contracts a month or so for a small flat fee? come on....

Not only that, it becomes a self fulfilling prophecy to make their track record look spectacular. It’s a fairly old gambit, where they sell a fantastic track record of picks off the backs of their clients. Some of the service is good but I believe a lot of them are pretty lousy, but...

How often do they front run your trades ? If they reco a stock or a particular options series how much did they buy before they tell everyone else and sell it back to them?

I belive they're both cash settled so getting assigned is just a cash transaction. Of course on the american style anytime you're assigned you'll be left with delta to manage in a cash settled option. Why are you concerend with the volume? I dont think anyone is going to tax the volume and...

Willy I agree ....

I believe the last few GOOG earnings the Straddle sale has been the play. Dont get me wrong I am not suggestion you go out and sell the straddle. If memory serves me correctly the at the money Straddle in GOOG has been around 21 to 23 bucks the day of earnings and had you sold it you’d have...

I would not really call them traders.... they were end users of the product... lots of companies used to hedge their FX exposure themselves with that product.

LOL Willie... years ago I traded american style options on cash currency which were listed on the PHLX... we used the CME futures options as a vega/gamma hedge often. When the dollar / yen swap was really wide and the yen made huge highs and then backed off there were thousands and thousands...

I am not arguing with you and there is no doubt in my mind that the math supports your point. I said it was an unscientific informal poll…. Other then the 2 locals the other guys ( who make up the overwhelming majority of mm’s these days) don’t even have a say in position management or...

I think this is a very interesting question and I am glad you pointed out the mistake I made. Our office suite is inside the FIMAT clearing office here in Philly, so before the bell I took a quick informal and unscientific poll of about a dozen market makers before then went down to the floor...