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Why own mutual funds with those high fees? Can't you find an ETF instead? But please - do not buy leveraged ETFs. Mark

I have a bias towards CBOE (ex MM for 20+ years), but the truth is I get the best and most rapid fills at ISE. I would never route to CBOE again - unless something drastic changes. Mark

Yes. Please do that. Mark

In other words, he bought one call and sold two puts at these levels. It may work great, but I don't like the risk reward. This is a straight bullish play - in an attempt to fix a positon that he let get away from him. Mark

You sold synthetic calls and the market dropped. That's why you had a profit. Mark

Is this a theoretical question, or do you honestly plan to trade this option? Curious Mark You are welcome! Just looked up - you could have done the same. One of these is a standard contract for 100 shares. The other is a contract for which the deliverable is only 5 shares -...

The CC business <i>is</i> selling puts Mark

Dan, You do not need a search tool. You only want stocks you like? Good. How big can that list be? Look at your stocks. Pick an entry point, if you use technical analysis - and when the stock reaches the right price level, do the covered call - or sell the cash-secured naked put...

He is currently covered on four calls. He is uncovered on one. I know you know that. But, he cannot 'stay' synthetically covered because he is not covered now. Here is his current position Short one 970 call Short 4 970 puts (synthetically) There are many ways to manage that...

I tried the size desk a few times for RUT orders. I note that my 'size' was at the bottom end of your range. 50 to 60 4-legged spreads. Kevin was very helpful, but the quotes were a joke. Whoever gave those quotes was looking to pick me off at horrendous prices. Much worse than I could...

You have two different options with two different symbols. That means there has been a corporate action of some kind. Sometimes it's a spin-off, sometimes it's part of a merger deal. It doesn't matter. Go to the cboe site and research the answer. It will be good practice for you - so...

Just asking: How much fun is it when the stock gaps through one of the strikes? Mark

Why are you giving lessons for your toy here? Why not do this at your site and then link there. Mark

Mark http://blog.mdwoptions.com

What are you trying to do here? You are providing incomplete information. And your information is incorrect. Why are you doing that. One Example; "Iron Condor is a short vega and long theta, near delta neutral ( a little more negative ) position while call calendar Spread is long vega ad...

I clearly stated that they post a bid UNLESS the natural bid is zero. That bid represents demand. And that was the topic of the discussion. Demand. If the NATURAL bid is zero, then the bid is ZERO. There is no requirement to bid any higher - and you already knew that. So, why are you...

Trade King Interactive Brokers OptionsXpress maybe Option House. I don't know enuf about them Mark

DMO, I'm on your side, so don't take this as criticism. There may not be any 'demand' but market makers are required to post a bid anyway. And for a minimum quantity. Thus, in the real world there is always a demand - even it is is artificial - (except when price is very low and the...

If you want to hedge everything you say, you will need very large positions so that a one-lot here and a two-lot there can bring your multi-decimal point numbers to zero. How are you going to earn a profit doing that, unless you can buy at the bid and sell at the offer? Mark

No, that is not 'technically' what you did. That may be equivalent, but it is not what you did. You own stock. You sold one call. To the IRS, those are two separate trades - unless you are assigned an exercise notice on the call. Mark