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I don't know - I think he meant gerberish - as in steaming mushy baby food. Hmmm...I'll have to think about this for a while.

Given that theta is an appox. or mean of expectation it's impossible to say. Sometimes there is a clear cut gradual decay intraday. But on my platform it is expressed as a drop in IV. So which is it? Sometimes it's difficult to say whether you are seeing time decay or IV contraction. You...

SPY options. I haven't traded QQQQ in a long time, but they're still very liquid, too, I believe.

Hey, whatcha guys talking about...calendar spreads? :D

Yes, good post. The easiest way to "create" millions of jobs is to give American jobs to Americans. We no longer need any imported labor. Duh. The Government is so controlled by foreign elements that it won't take the steps necessary to help the average American have a better chance of...

Perhaps that would work for your fund, but for the average retail taking a nickel credit isn't worth it. Risk/Reward = .95/.05 Really bites.

Hmmm...odd use of ITM and OTM. It seems logical to me that a long IC is net long premium. Oh well... How about debit IC and credit IC?:D

If "loose weight" is the problem, then you probably just need to buy her a bra.

Well, obviously the most important IV for the trader is realized IV. The theoretical calcs may be important in formulating the trade, but if you can't realize those prices or therebouts, then those IV calcs aren't usable. :p Yes, generally, there are distortions in IV calcs as you move...

Well, to paraphrase an old veteran trader : Max Pain works great, until it doesn't.:)

Agreed. :)

I agree that any perceived advantage would be arb'd out. The argument seemed to be about whether there was an inherent advantage to buying or selling options, that is, how well does the market price options with no perception of advantage. Personally, I think that it's a rather silly...

Let's say that someone does a comprehensive study on this subject, and is able to determine that one side does have the advantage - albeit a small one. Add a little to cost for slippage and comms -and the advantage is still there! Well how's that going to help you with your next trade...

Oops!

Yeah, but that 20% is a bitch. Especially when it becomes 100%.:p

Perhaps to hedge their short options:) I was selling and buying front month SPY options with IVs of over 100 during the spike.

Yes, it is possible - with experience. For example - with vertical spreads greeks are not as important as with some of the other strategies. Your experience should tell you if something is out of whack with the pricing (volatility skew). Just get the direction and magnitude of that...

Hmmm...based on your post, then, the top is in. Based on my post... more upside. Hmmm...

But just when it seems to become not so hard, you get complacent and trading becomes difficult again. Then you learn to be not so complacent and treat as though it is really hard and then it becomes not so hard.:confused:

LOL. BlSh.