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Understood. Thanks.

Well, you won't see this since you have me on ignore, but suffice it to say I didn't ask for trading advice. And if my response was enough to trigger you, then you're a puss.

Thanks everyone. I'm just gonna watch it for a bit.

I'm not at all interested in talking about the reason why I placed the trade. Suffice it to say it's part of my plan, which works well enough to be profitable over the long haul. I didn't anticipate jack. I got my signal and placed the trade. I'll take the trade off when that signal flashes.

I didn't feel like the price climbed as much as it should have at the open, either. I attributed that to volatility dropping (i.e., long vega fights long delta as underlying rises and volatility drops). Can the nature of the volatility skew explain both effects? IV hates me.

Yesterday near the close I bought some OTM calls on SOXL ($136.14 at the time). Jan192018 $163C $2.84 This was pretty close to the middle of the spread. Delta was ~ 0.2 when I placed the trade. Today SOXL gapped up and then wound its way down to close ~ $133.75, which was some $2.39 below...

OK, thanks. For T ($36.17), I see the Jan19 $36 combo price as $0.08, which feels like a wash. Annual dividend is $1.96, so it seems like I could buy the stock and short the synthetic, capturing the dividend with almost no risk. Sure, it's "only" 5.4%, but for no risk? What am I missing? I...

No, I was just wondering if far expiry option prices actually reflect near term dividend payouts. At some point the expected future value (volatility?) should swamp small dividend events. Let's say we're looking at a dividend aristocrat like T. Expectation should be that the next 4 quarterly...

sle, in your experience does the lowering of the call value (and raising of the put value) mostly effect the nearest expiry to ex-dividend? I'm not sure I'd expect an option over 2 months out to be that sensitive to a near-term ex-dividend date.

Well, one certainly sees a lot of "strategies" to the contrary! (Seeking Alpha I'm looking at you.) Heh. It's almost as if memorizing the phrase "options tend to be very well-priced" would be a good idea for everyone.

I assume given the manner in which upcoming dividends are accounted for in option pricing that options provide no opportunity for high confidence "dividend capture"?

Well, sure . . . but I'm not planning any trades any time soon. Just looking for confirmation or refutation of my hunch. The B/A spread has never been a big headwind to my trading, as I am typically looking at longer term holds with (relatively) large swings.

Help me out here: say as a retail trader I submit an order to buy at the midpoint of a $1.00/$1.10 option ($1.05). Is it fair to assume when my order fills the spread is probably closer to $0.95/$1.05 ??? I get filled on buys at or near the "midpoint" fairly often but I suspect those fills...

My biggest beef with spreads versus individual options (long or short) is the added commissions and fees to get to a given level of potential profit. This is countered somewhat by better fills, especially when I was on optionsXpress with their "Walk" feature. (I doubt that's anything truly...

Somebody educate me on put prices near ex-dividend. (I don't trade for dividends.) I assume y'all are saying the price of the put rises to account for the impending dividend, correct? This would make purchasing the put to capture the price drop in the stock a less attractive proposition. So...

I've certainly seen plenty of discussion by seemingly "good" traders who prefer to trader closer to the money, even with spreads, and they accept the fact that they'll have to adjust more often. I don't know if it's human nature at work for everyone but my own nature tends to make me averse to...

When I submit near the midpoint I rarely get filled "soon". It might take a minute or even 10 minutes. At that point I should probably go back and see what the current bid/ask is, because I suspect I'm getting filled near the ask on a buy and near the bid on a sell. That said, if I want X at...

I didn't miss the point, we are on the same page. I fully understand that "synthetic" equals "same strike and expiration". Read my post more carefully, but honestly, I'm not interested in a pissing match. I was responding to a statement that seemed "global" in nature, not specific to...

I literally have no idea what you are trying to say.

Correct. The synthetics are clear. In my view, the strategies often aren't similar. Most people selling naked puts are doing so OTM to "bottom feed" for stocks on the cheap, with the knowledge that the small profit they get when not assigned is at least money in their pocket. Most people...