Search results

Well, looks like a good thing I wasn't filled. With today's big move, it's a great opportunity, but I'm not smart enough. :( I'm sitting with a 1320/1325 Dec put credit spread, and a 1435/1440 Dec call credit spread. I'd like to take another put spread position, but I'm afraid of this...

Yep, Dat's "Da Crusher", Reggie Lisowski. Often teamed with "Da Bruiser", Dick Afflis(sp?) who I think was from the windy city. Sorry for going off of the options topic, but it is Saturday night... and my order shoulda been filled.

Placed a 10/10 credit spread Put order on the S&P Friday, limit .40. At the time, the spread was .45. Went as wide as .50, still no fill. The order expired unfilled. I know Friday was a s l o w day, but I placed the order early...:mad: At the close, the spread was .50... and there was...

I find it interesting that if you look at this thread, right when everyone was talking about layoffs and firings(Jun/Jul) is right when the current bull run started...

So, why can't the retailers put a premium on PS3's, the way some Auto Dealers do on super popular cars. Weren't there premiums on the Accord years ago, and aren't there premiums on the Prius and the '07 Z06 Vette? Won't SONY let the retailers sell them for more than retail? I don't see why...

Well, don't forget, I'm not the sharpest knife in the drawer around here.. Yes, I guess they're Iron Condors. I didn't place them at the same time though. On 25 Oct, I went S 7 540/ L 7 550 Calls for .55. On 31 Oct, I went S 7 430/ L 7 420 Puts for .30. On 8 Nov, I went S 7 450/ L 7 440...

I'd rather be lucky than good any day... that was just dumb luck...:)

Well, I'm probably the last person you should listen to, but if you don't need to free up any margin, I'd sit on it until GOOG closes in the mid 480's. It sure looks strong here. I watch it everyday and have several OTM credit spreads on it... above and below it. I dunno.... If you want to...

Well, it would have been a profitable trade so far... I wanted to write the 1345 Nov Puts, and buy the 1335 Nov Puts. At the time the spread was .35, and that was my limit. Then I changed the limit to .30, still no fill... Ah, no big deal... Greeks? What are those? :p :D Arnie

...and I thought she knew everything.

Maybe that's why I wasn't filled. :confused:

Well, I think that first part is a compliment, and thanks for it, but I really can't Greeks through my thick head...and I don't know why. I was pretty good at Math in school, but I just can't seem to get it to sink in....:confused: :( I think part of it is that I don't understand the...

Happy 231st Birthday to the Marine Corps. Thank you to all who served our Country. God Bless you all. Arnie

I guess I misread your post, I didn't catch the difference in the number of contracts...sorry. But let's use your example. The spread in strikes is usually $5 on a $50 stock, sometimes $2.50, but usually $5. So a 10/10 credit spread would require $5,000 @$5 strike spreads, $2,500 @ $2.50...

Yes but.... If I'd written a 10/10 credit spread for .05, I'd keep $20. The commish($30) is over half of the transaction, %60. If I write a 10/10 credit spread for .50, I keep $470.... The commish is %6. Which trade would you rather do, on a percentage basis...:)

. Stocks with any decent OTM option premiums this close to expiration usually have to trading in the hundreds, not below. I did enter a credit spread today...we'll see how it goes. Hopefully I'll pocket the $470...(50 cent prem., 10/10 contracts minus comm) Yes, I have my head covered...

14,500 Dec 240 Put's?!?!?!?!?! Holy Shmoly...

No data, just a gut feeling.

I've always felt the the Thursday and Friday before expiration week were a good time to write OTM options. Granted, most equities' OTM options have very small premiums with so little time left, but not all. It seems that the untradeable Sat and Sun still leave enough time for people to have hope...

Isn't it a little early to be drinking? :p Hey pal, try the "Check Spelling" button, and maybe we can get a "Check Grammar" button... Lord Jesus....:(