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Were you trying to hit the bid and buy an offer? If not, was your offer/bid being displayed?

Looks like your best option is to get out of part/all of the position as a spread. Enter a spread order to sell 100 shares of stock and buy 1 call. You can see the affect of your total margin requirement when you enter the spread.

A book could be written on this topic. To me it is more of an art then a science. When trading less liquid options, working an execution will make you far more money then a zero commission broker will save you. Typically I will start with a 1 lot routed to the CBOE. I have found the...

There a lot of reasons a market maker won't display their best bid/offer. One of the reasons is they will be joined by many other MM's and they will not have any advantage. So if a market is 1-2 , the MM's may prefer to examine the order when it comes in. When you enter an order to buy at 1.6...

That's correct. Consider the person who would be buying it from you. If they paid your maximum profit of 5 for your call spread days before expiration, they would make no money, no matter what happens to the stock and if stock moved against them in those few days, they would lose all their money.

No

If you held the spread to expiration and both calls expired in the money, you would realize the max amount of 5 for you spread. Since you paid 2.55 for it, you would make 2.45. ($245). The risk of holding through expiration is your short side finishes just out of the money and you come in long...

I don't think that is necessarily so. The Vix future is the expectation of what the Vix "underlying" will be at the expiration of the contract. So the Nov Vix future will expire a bit after the election, when the outcome is known. The Oct will expire before the election, based on the Nov Spx...

When I said you make 2.45, that would be your max profit if the spread went to its max value of 5. You paid 2.55, if the spread went to 5, you would "make" 2.45 (bought for 2.55, sold for 5)

With the limited information you are giving I'm guessing you paid 2.55 for the spread, which would mean if the spread went to its max value of 5, you would make 2.45. When you said you had $285 credited to your account, that would imply you sold the spread for 2.85. This would be the credit...

Yes short time spreads have a high margin requirement. The only way around this is with a Portfolio margin account.

So you were trying to trade with yourself after hours. You had a bid in of 10.01 with broker A You sent a sell order with broker B for 10.01. Broker b filled your order at a better price then you were trying to get, but you are upset with them. That should be an interesting phone call...

The simplest thing to do is just sell them out, unless you want to be short UVXY with the exercise. Note that there is a different symbol for the pre split contracts, UVXY2, which delivers 20 shares of UVXY.

Just to add a bit, @guru is correct, but in some cases where a stock is hard to borrow, you will be off selling a naked put vs the buywrite as the hard to borrow "bonus" makes the put more valuable.

When you submit a spread, a multi legged option order, it will generally be submitted to an exchanges COB (complex order book). They are exchange specific. Here the order is filled as a spread by the same contra party. You generally will get a better fill here then legging a spread yourself...

There has to be a price on the option. You can't trade it for zero. A cabinet trade is the same as .01, so the market maker would still be paying .01 plus commissions.

So say you are long the 135 puts that you want off your sheets. They are at .01 and you can't sell them. If you wanted to buy next months 135 puts, you could use them to get out of your worthless ones. Say next months puts are .09 -.12, but if you put a .11 bid in you would be filled...

Many years ago the CBOE used to publish this information. Not sure if they still do. I used to get a sheet for the OEX which listed dividends on each day.

No, not true, otherwise an arb would exist. With a covered call you would profit more if the dividend was unexpectedly raised, but would lose if it were lowered. Also in the case of a hard to borrow stock (not MCD) selling a put would favorable.

If you are legging into a covered call position, you would might want to consider just selling the put. So here if you just sold the Jan 21 210 put, it would be synthetically the same as you buying the stock and selling the call and you wouldn't have any risk legging into the position.