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Go Theta, Go Go Go.....

Can someone do a comparison for me on the below scenerio? With the SPX at 1250 say I sold a 15pt spread Iron Condor, 50-1195x1210 Bull Put spread for .50 50-1295x1310 Bear Call Spread for .60 Total credit is : 1.10 Margin Requiremts are : 75,000 (15K per 10 contracts) Can I do this...

Could you also state in plain english what a : Standard Distribution is (I know its from stat, but how does it play into pricing the spx) What a Handle is. sd

Since I'm on a roll here, could you explain "sold all the available gamma"? What constitutes selling gamma, shorting? sd

Cool I just got my first Xmas present. I'll always keep that in mind now. Jeez, I guess all you have to do is ask! Thanks all. Now if I can just figure out why were trading on the Nikki.......

Ok, I'm really trying to understand what your talking about, I just think it's 3 levels over my head. So, the current ATM straddle for DEC on the SPX is: SPX at 1257 Dec 1255 straddle 17.00x18.40 How does this help us? Also, I don't understand why if you think the SPX will hold up would...

You must be the most patient man I've ever met. When I first read his posts, that he is trying to trade without actually understanding: 1) That he is selling puts naked without understanding margin (gasp!) 2) Doesn't understands what a credit spread is 3) I'm sure has no concept of the whole...

Someone on this fourm did that nice spreadsheet analyzing the closing prices of the SPX's and did some analysis to go with it. After the 1.5hr commute, I'm too lazy to find out who it was...anyway, I sent that over to jim to analyze it and see what he thought, and if he agreeded or disagreeded...

The margin Requirement's on this would be ridiculous unless you had MAD MAD bank. OX's Margin Req: Unsecured Short Puts & Naked Calls (Equity and Index) 25% of the underlying market price + the premium - amount out of the money OR 10% of the underlying market price (or strike price for...

Coach, Could you just refresh your current positions? I got in the 1190/1205 puts yesterday for .50, which I don't think was a bad fill. I'm trying to pick up another 30 today, but not likely. sd

Just a quick note, that a credit spread service I subscribed to, PM me if you want the name, did this exact same approach. For example if they reccommended a bull put 1180/1170, after the order was filled, the next day they sent a Xecute order to OX saying: close the spread at the market if...

Still, with all the reading I've done at CBOE on SET and all the discussions here, I STILL don't get it. It seems like a blackbox number to me. How did they get 1254 when: Open: 1,249.35 Day's Range: 1,241.87 - 1,249.58 52wk Range: 1,136.15 - 1,245.86 Didn't affect me at all, but I...

If your interested I found a nice spreadsheet with historical's for the SPX and OEX. I'm not all that sure how to use it yet, but it looks interesting. I downloaded it free from http://www.optionsrez.com/ Please comment on it's usefullness.

Damn, the market maker got me again! Hey isn't that market manipulation.... lol sd

I'm interested, and I'm buying a Call on the EliteTrader Nov 335 .ETJHB that we'll hit page 335 with a ton of "I'm interested" comments. My first directional bet this year...... sd

Funny, I just called OX yesterday on this topic before I read your posts. You can use the margin %'s coach gave, but to buy the T-bills, or CEF's, you need to have that $$ in cash (ie, no margin requirements at the time). So for those who like to keep positions open in Nov and Dec, you have to...

Not to digress off Topic, but do yourselves a favor and read this article over the weekend. It really opened my eyes, and I'm a guy who does all of his banking, trading, credit cards...everything online. I went through a full anti-everything this morning on my computer, and I'm all clean and...

You would think a older order has "higher" priority, but maybe not. I'm also using OX and your using TOS. This is a very interesting real-time "comparison" of broker fills. I just called down the order desk and they put in a status request for me, but as of now: OPEN SPX NOV 1095 PUT / NOV...

Nope, still open.

Weird, I had that order in all morning. I wonder if they didn't have enough contracts to fill my order. How many contracts did you trade?