Search results

Easy money for whom? LOL :D

Thanks atticus. AZD

Could you provide actual numbers? Are we assuming we can borrow the stock? AZD

Yes, a "reverse conversion." Could you provide an example of a "box or roll." AZD

Okay, it looks like a conversion is out of the question since DNDN is nearly impossible to borrow but: Stock at 7.40 May 7.5 call at .5 May 7.5 put at .8 covered call = naked put 1) covered call: 7.40 stock price - .5 May call = 6.9 debit 2) naked put: 7.50 strike price - .8...

Paden, Congrats! It takes a lot to close out something like this. It also takes a lot to post your information publicly and subject yourself to scrutiny. Best wishes in your future endeavors! AZD

I too recommend getting out. Things may work out for you if 1) there is a delay is the announcement or 2) there is very little movement in the underlying after the announcement. But you DO KNOW that there is activity in the 2.5 puts and even in the 50 calls, right? Something to seriously...

Sorry for the imbedded post. I wrote the following: Another thing to keep in mind is the SET. It might not be as predictable as previous SETs (with small point changes.) If you look back several years ago in a higher IV environment, the SET point changes could vary wildly. Good luck...

Rolling also = buying more time. If you roll the calls, you can increase or decrease the amount of calls you sell depending on your market outlook. You can also go further OTM (and further out with strike months) if you wish, and receive a credit. Yes, it is closing out one position and...

There is always the option (no pun intended) of an early roll to April. For that matter, perhaps a roll even further out . . . June, Sep, Dec etc. AZD

Here's to a smooth, spookless ride through expiration. :D AZD

That's volatility for you. For those who sold it - it seems that they are doing well. At least for now. AZD

Yes, the ol' sphincter relaxation. Why would you worry about spooking the market if you opened a bearish (call spreads?) position? AZD

Thanks. I still cannot believe these quotes. Huge spreads. For example, the June 1325 puts are going for 11 x 16 right now! A five point spread. Come on MMs, is that really necessary? AZD

Mark, Would you please elaborate on this statement? Almost zero public paper? AZD

These huge bid/ask spreads are killers! Sure, if you are entering a position, you can be patient. But with high IV and huge spreads, it makes exiting existing positions somewhat difficult. Observation: if you are patient, you can trade in between these spreads and do some scalping...

It seems you are incrementing to me. :) AZD

By the way, those tens of thousands of 1340/1360 spreads that were being filled at .20 - - - Well, at $5 plus on the natural, they aren't looking too bad for the buyer. AZD

Coach, Being the armchair prognosticator that you are (and for a chance to look like a genius), what's your call on the SPX in the next few days and into March expiration? AZD