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OK, I'll try to post the TOS page: Edit: Hmmm, well now I can't do it. I select browse at the bottom of the reply page, but it didn't appear here.

TOS analyze screen (looks like volpimp is using the same thing). Also I get a 57% probability of touching 131.85, which might mean I can buy back the short put cheap.

About 60% if I did it right.

No, max profit is between 123 and 131 (i.e. the credit I received from opening the position). Breakeven points are 122.15 and 131.85. Outside that range and it loses money. (Not counting commisions.) I'm thinking there might be a pop after FOMC meeting next week and I will buy back the short...

The board seems kind of slow, so I thought I'd post this. SPY Sep: S 123 puts B 121 puts S 131 calls B 133 calls for 85 cents.

I didn't say it was a strong connection, but I see both TOS and Ron Ianieri listed on the same flyer. Actually the wording is "tradelikegurus presents thinkorswim and Don Kaufman". Anyone going to the Money Show in SF? It would be interesting to see who is in which booth.

So far the original call (1326.7 top) is still holding. My feeling, based on the fortune cookie* I got at the Chinese restaurant tonight, is that even if the Fed pauses next week, we still won't see 1326. Maybe a short rally then down some more. (*) The fortune was "Your luck just...

I just attended a Beyond the Basics seminar put on by TOS/OptionPlanet. At the break they placed handouts on the tables for another meeting, this one put on by www.tradelikegurus.com. If you go to the website and check the list of "gurus", the only one listed is Ron Ianieri. So I guess there...

No, I'm not in TOL, the OP was not me. I was just thanking MoMoney for the "Greeks for dummies" tutorial. BTW, around here (Sierra foothills) the RE market is pretty much dead, especially the high end.

MoMoney ... THANKS!!! Thank you for taking the time to post this. Sure enough, on the TOS analyse screen I see delta = -205.70 (short delta), gamma +34.13 (long gamma) and theta -3.81 (short theta). I think the Greeks are a lot simpler to understand than they seem at first, but when...

The good reason to buy back is if it falls to about .10. I went to a TOS/OptionPlanet seminar yesterday. The instructor, Don Kaufman, said one of the guidelines for buying back is if the price falls to 1/10 of the strike increment. In this case that would be 10 cents. If you give it a chance...

Yeah, I saw those.

Question about the XLE 55 calendar: What to do if the September put gets cheap enough to buy back (like if it get to be .10), but the October options aren't out yet? Should I go ahead and buy it back and wait till the Octobers come out to sell a new one?

Yeah, that's what I was trying to tell the guy, but he insisted that the MMs "tweak the IV" (his words).

Good idea.

Thanks for the replies. It sounded like the guy was saying that the MMs DO have some kind of dial to turn up the IV if they wanted to increase the premiums. Maybe I misinterpreted what he said.

I got into a discussion on another forum where a guy stated that the MMs can manipulate IV, for example going into an earnings announcement. I thought it was more of a passive number, derived from an options pricing model.

And change your login name to Black Swan.

There is no research/studies. The USD only has to drop a little bit to see $80 oil. A bit more to see $100. Put up or shut up.

I did a paper trade on the OEX before the last FOMC meeting. I bought a 570 straddle. The index went up quite a bit and I made a nice (paper) profit selling the call. Then it tanked and I sold the put side back for almost what I paid for it. These were July expiration. I'm thinking about...