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I do agree that most of the time gamma is a real killer for premium sellers but there are some instances where it's not the main ennemy. If often sell DOTM weekly put spreads and gamma itself is not the problem: often it is so low that even if it were to double, it still represents an acceptable...

I am guessing you are refering to the "free" internet audience because if you plan on charging for watching the show, you will see it shrink very much lol... Other than that, yea they seem hot but it will take more than that to be "talked about around the world". Internet is already full of hot...

She's got small arms for a javelin thrower... but what the hell she's hot ;) What is the name of the previous track one?

Now that is the hottest girl posted on here since a while :) Call me crazy but I just love sport chicks...

BS... If you actually can find somewhere in the document or the cboe's website what is the definition of "customer", well 1) i'd be very happy to know and 2) you'd be my hero Untill I see this definition, OH is either a market-maker. a member firm or a broker-dealer in my book so they do pay...

The problem is this: When you are the ONLY ones out there that offer flat rate, well then you can be sure that you are going to attract every single big volume retail traders around... That means that your average trade size is going to be considerably bigger than your competitors and you just...

You want to know crappy? My online broker does not even offer to place spreads online, I have to call them everytime... I put up with them because I used to work there and know all the traders, I also get an Ok price per contract for Canada but still... I have both bloomberg and quotestream...

Are Eoption any good? Their comm seem good (3$/side +0.10$ per contract). I am disapointed in OH but for me it does not make much of a difference because they did not allow foreign accounts... Although I do agree that they were putting some downward pressure on option commissions. Currently...

Well what I am saying is that these retail traders do not weild alot of "buying power" because if they do not take vol into account they are most likely just nibbling at options. Other than that, of course it is dumb to blindly buy vol because it is low. Would you buy every stock that hits...

Then he assumes wrong, these kind of traders represent no serious volume whatsoever

No you are not, you are correct... I made a mistake. Fortunately that was a ficticious example ;) 20 contracts would be more like it, so that means a 1,00 buy back limit

Hi guys, it seems (after talking to them) that our beloved options forum section's sponsor Zumo does not offer us to trade the es weekly options... Do you know of any futures broker that does? is it generalized or was I unlucky?

I use National Bank Direct brokerage but I would not recommend it, I use it because I used to work there so I know most of the option brokers and the trading desk and I can call them when I need to - and that's often unfortunately (they suck), this is an advantage because their web is crappy...

Well that depends on your personnal situation IMO. For me, being in Canada, being synthetic long on a US stock is much better than actually owning it... Why? 1) I do not need to convert CAD to USD (avoiding exchange rate spreads and fluctuations) 2) Here foreign dividends are taxed as interests...

Like MTE said, when you get into options, you get more variables in the mix, the main one is volatility in your case since you seem to say you can live with time decay. Otherwise I would suggest you browse along the option section for previous discussions about using options as a substitute for...

Still, if you are serious about putting your money where your mouth is (in this case your keyboard) I would want to have as much bases covered as possible... But that's my paranoia talking maybe ;) Force of habit, I am a Sr. performance Analyst for a bank so I do like to know exactly what I'm...

If you want to know what traders can do in different market conditions, IMO one year would give you a better idea. If one has done better that the S&P500 both in the last 6 months and over the last year, then maybe we are talking, although its not that difficult. Also you would need to specify...

Well that is true but if it was easy and/or always clear cut everyone could do it ;) Although like I said it depens on your trading style. I would never enter into a credit spread that has 80% chance of success... I usually put them on with very FOTM puts and very short time left, of course that...

Well It would depend on the situation, I usually do not put the buyback order beforehand because I have the luxury to be able to monitor my positions all the time. It would also depends at what speed the market is moving, if it is crawling towards my stops, I would use a regular limit order but...

This is just an example of how I manage risk but its a very personnal thing and also it is a flexible rule (also commissions vary so you have to calculate with your own): yesterday I sold a short put spread for next week on RUT: 530/520 for 0,15$. I sold at 0.58$ and bought at 0.43$. I would...