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One thing would have been done is buy April 31 call, instead of 30 call. The 31 call has vega and theta that are about 5% lower than 30 call's, lower both the time decay and loss due to volatility drop. With March 30 call and April 30 call, you are long delta (i.e. you over hedged) and vega...

I can understand why some people don't think market makers are traders. Market makers' edge is partly from their function as middle men. When orders are directly matched in ISLAND, there are no market makers. Another difference is when market moves sideways, it's good for market makers...

I have been collecting the free EOD option data everyday for QQQ and OEX since last October. Haven't missed a single day, yet :) .

NDX moves much like QQQ so their calls are alike as well. They do settle differently but that does not make a difference to me. The reason I sell calls on QQQ, not NDX, is that I have long term investment of several hundred shares of QQQ. I have some SPY and wish there were options on it. SPY...

Your preference whether you want to be a discretionary trader or mechanical trader is an important factor to decide what courses you want to take. For a discretionary trader , psychology is absolutely important. For a trader using mechanical systems, statistics and programming skills are...

I sell covered calls on QQQ. Just start to looking into the OEX calls. Seems to me the bid/offer spreads of OEX calls are about the same level as the QQQ calls'. e.g. for the ITM calls, around 10% and OTM calls, 20% bid/offer spreads. Anyone can comment on this?

I watch CNBC. Many other traders I know do it too. I don't pay too much attection to the news though, unless it's really big. This TV program is also broadcasted on satellite radio.

Corso482, I traded with Brokerage America from the summer of 2000 to early 2002. Their execution is OK for my trading style. I entered at the opening and exited when either my limit order (profit target) executed or my mental stop got hit. Day trading but slow paced. Soon after BA merged...