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So now you're saying you didnt do it ?? You simply dont get to buy on the bid and sell on the offer unless something has changed in the bigger picture, like the underlying moving. There never wa sa reason or a rule which would for or let the MM's have you buy on the bid and sell on the...

Sorry but the SOES system is not an options system so you were not doing it with QQQ options. The SOES system was for nasdaq stocks which had very low volume and liquidity.

Just owning a stock because it has paid a dividend not something I look for in an options strategy. Since the "delta" changes over time and a number of other variables looking at it vs. the current ask is not all that useful. Both the ask and the delta are essentially in flux. No offense...

The “ask” prices you see on the screens are generated via computer these days. The market making firms all stream in their live quotes to the market place via which ever exchange they’re on and they set them to move with the price of the underlying according to their delta. There is no...

When the Q's were first launched they were a single listed options product on the AMEX and the spreads were wide. As a retail trader you would not have been able to buy on the bid and sell on the offer unless the underlying had moved significantly. The spreads were limited to less than 5 or 10...

Why dont you think they tend to over price them? I think the issue is they're priced correctly based on the given data whether you believe they should be higher is more of an opinion not based on the empirical data. I think you'll find that options tend to be priced fairly and when...

Just a quick question... What do you base your speculation that LEAPS are under priced on? I am not interested in the "time decay" debate since the "issue" was not determined. For who use options as a leverage tool to guess on market direction it may be an issue but its not a good idea to...

Spin, interesting point you make, and I guess I owe Richard an Apology. Richard on second thought I should say enter that board with caution its a place where the common terms and definitions which are generally accepted in the financial world have no meaning and logic has a much different...

Richard, it only gets funnier and funnier with Put. Read the yahoo boards for a dose of what you're in store for with him.

Just want to subscribe to this thread now that put master is going to try and post on ET again should be funny stuff.

You're most likely trading with a MM just about 100% of the time and you really have no say in the matter. "Fair" is a subjective term and volume is more to do with differeing opinions than what is in your mind a fair price.

Most internet forums make me laugh. Many people just can’t handle the anonymity of the internet and they actually believe they are fooling people when they try to portray themselves as something they are not. That situation no doubt degenerates into what you describe and what we see here...

More often than not you won’t do very well trying to leg out of long straddles via market timing. Straddles are really gamma and vega plays. IF you’re looking to scalp gamma then the ATM straddles is chock full of and you’re much better off trading the stock vs. the straddle then trading...

Since the cost of carry is priced into the option your options values in your example can not be right. Any advantage you would get in exercising those options early should be priced into the option since they're options on cash currency pairs

Philly offers options on spot pairs and in cash settled form too. I dont know how the liquidity is these days exactly how much do you need?

Funny thread since I know all the players personally having spent some time as a mm at the PHLX. Best in the world huh? ROTFLMAO

Ron I formerly of Gateway Partners who was a trader in Philly when money was falling out of the sky and any guy who leased a seat and could raise his hand could make a living? wow One question on this thread, and its really more of an observation. Why does it appear that those who support...

Dont forget that each time you look at the greeks they're only a snap shot for that instant in time. All the variables change with time. In an IC for example. Even if the stock does not move from today through tomorrow, you'll be less short vega, less short gamma, and have lower theta...

WHat makes you think they look cheap? cheap on what basis? where are you getting 40% return from?

Your point on the above was exactly what?