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Can you trade the weekly VIX futures at TOS now? Last time I checked, you couldn't, even though they list quotes on them.

No you are wrong. Remember you compare the weekly vix options to the corresponding weekly vix future. In this case the midpoint of the weekly vix future was about 14.05 and the weekly vix call was trading at 1.15. both expired this morning, with the original trade taking place last Thursday...

Well said. When I bought the calls last Thursday at 1.15 they had an intrinsic value of about 1.05 based on that weeks VIX future, so only .10 of premium with almost a week left. Was a great play if you thought weekly VIX was going up.

The Goldman Platform (Redi) is now an independent platform. Another one to look at is Wex, which I have been very happy with.

Here's an interesting one. SRPT, there has been a huge buyer of the Sept 2 12 puts. Paying .15 (and some at .20.) The stock is at 27 with rumors of a drug news coming soon. So, sell 2 12 puts for .15, buy 1 Sept 2 20 puts for .35. You have only a .05 debit in this and are safe down to 4 on...

All your answers look correct. By the way I like TOS very much. They also can be much cheaper than their competitors based on what you trade, as their commission prices are "all in" and don't include exchange fees on options. If you are trading products such as the SPX or VIX, you are saving...

Actually I thought they were cheap as well, trading just over parity of the weekly vix future. I bought some on the close yesterday at 1.15, watched them go to .60 this morning, and scratched them a bit later. Now trading 1.60. Oh well. Hopefully you have some as well.

If the headline read, Pension funds invest in stocks, you would think that's fine, they should have some equity exposure. If they added that they sold some calls on stocks that they owned, you would think that's fine too, they are bring in some extra money and limiting their risk. Selling...

Not on my feed. I simply see the trade taking place at the exact same time and same exchange, while it is marked "spread"

Hmm, not aware of anyplace that breaks that information down, but someone else might. In my time and sales feed, it lists the type of every trade that takes place and marks it as such. So if trades are marked spread, someone should have this total.

It was the 225/230 call spread that traded at 1.03 on the C2 Exchange. The individual prices were 3.02 and 1.99. So the spread was at a reasonable price. Since the markets were very wide on this individual exchange, the prices could post at these numbers.

Most likely it was a spread that traded. The individual legs of a spread can trade through the markets on the screen. If you post the trade, we can check for you.

Actually I have not found this to be the case. The weekly SPX (both Wednesday and Friday) seem to have great liquidity. Since they are traded on the CBOE Hybrid system instead of in the pit, there are many market makers quoting electronically. Their displayed markets are far tighter than the...

Depending on the stock forgoing the value of long stock can be significant. I just shorted some SCTY and am being charged a 70% rate! If you are long stock, you are literally giving that rate to someone else.

If you are doing buywrites (selling covered calls) you are far better off simply selling the corresponding put instead of doing the buywrite. This way you will get the extra implied rate in hard to borrow stock automatically as it is written into the price of the put. This is a bit easier than...

A very good explanation Mav, but I am starting to wonder if it matters who a broker sells their order flow to and also the effect of adding/taking liquidity payments have on fills. I have generally traded the SPX and VIX, which are single listed, but recently have been trading some equities...

Don't want to hijack this thread as it is really meant to be a welcome to Bob and Lightspeed to this forum, but I will comment one last time. I did in fact read the entire thread. Just because the OP believes that Wedbush shut him down, doesn't mean that is true, although it is possible...

Just went back and re-read the whole thread. The poster seems to believe the requested liquidation came from Wedbush, but I don't think that is necessarily the case. DDT, the introducing broker is in charge of dealing with the client. They are guaranteeing his account at Wedbush and it seems...

I got the impression from that thread that although the guy cleared through Wedbush, it was his introducing broker who asked him to close his account.

Welcome Bob. I've enjoyed your posts in the past, very helpful. Good luck with lightspeed.