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Please tell me you understood he meant volatility and you mistyped volume. Otherwise I would refrain from trading options until you understand what you are dealing with. The Vega is .16 so the implied volatility going up about 6 points over the last two days would account for .16*6=.96 points...

Really, whom did you speak with? I just talked to a higher up today and he said they have a couple people on it now testing it and that I would have it soon, within a few weeks. He also confirmed that they will take a reasonable hands-on approach dealing with PM and their customers, so there...

Depending on what indicators you use, 1450 to 1460 seems the most logical area for a pullback. The problem I have with that area is that every single time we have had any kind of sell off since going over 1500 people have been calling for that area. I have honestly lost track of how many times...

http://www.cboe.com/penny/default.aspx

Buy1Sell2, Your post on another thread about always keeping a stop in place makes sense of course, but it brings up another question. By being a swing trader and currently long that means you are long every night with a stop somewhat far away. During 9/11 there was a complete shutdown of...

Don't know if you did this already but go to http://www.cboe.com/tradtool/contracts.aspx and search for TODCO. There is a phone number on there you can call too.

Xflat, This really isn't a debate it is just math, you may have posed the question in the wrong manner, or they have no idea what they are doing. Here is a simple example. SHLD trading 154.60, August 200 Puts trading about 45.40. If a marker maker is long those Puts he is paying interest on...

I saw from another post that you have been a professional option trader for years, so maybe you are trying to make a point I am missing but this post is simply wrong. That's not my opinion it is simply a mathematical fact. I am quite surprised you don't know this. Go sell a deep in the...

Sorry, this is incorrect. A Put is an exercise candidate as soon as the carry cost exceeds the current price of the corresponding Call, but this should not concern you unless you are short relatively deep in the money Puts.

You want to trade options but you don't have a thousand dollars? Since you are just going to be gambling why not go to Vegas?

That depends on whether you are located where the death penalty is enforced.

When I was running OPM we would routinely trade over 100k contracts a month and we worked the Amex against the CBOE to get reasonable fills. When we looked into futures options we simply could not get the level of service or market we wanted so I am probably biased. But this was a few years...

It was really fun in illiquid stocks when the institutional order did pay your offer. I remember it well, the broker walks into the pit asks for a market, you yell it out, he says buy 'em the crowd says sold, then you look at the stock and miraculously it is no longer there.

From GTT: "How are options on ETFs taxed like their underlying ETFs or otherwise? The IRS has still not issued guidance, so there is no clear answer." I don't trade SPY options so I have not kept up, do you have a link to the IRS ruling?

First, the ISE has filed suit to list SPX options so that will be great if it ever happens. Second, SPY are not that attractive because you have to trade 10 times as many so you are paying 10 times the bid/ask and 10 times the commissions. Furthermore you receive significant preferential tax...

Mav, I called twice, you didn't answer, what's a good time to call?

Mav, lets see exactly what I said about you before you attacked me, mr. "character assassination": "you seem like a nice guy who gives people here useful information." Boy that is terrible, maybe I should be shot. For what its worth, which is very little I can assure you, I am now an...

Yip, JBO was the way to go for an option trader before PM (which as of today is not yet widely available) reg-t is far too restrictive. But with PM I would think it only logical to go with a good retail firm that offers it. If you don't have sufficient capital a JBO may be what you need, but...

Quite correct sir, but Mav also believes that all traders pay the posted rates/comms on a brokers site which everyone not genetically predisposed to idiocy knows not to be the case.

I would respectfully disagree that it was posed as a fair question. A simple dollar amount is meaningless without context. I've made over 100k in the last three months but if you don't know how much capital was used, how much risk taken, and a long term time frame of consistent results it is...