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No one lies on the internet, and everyone is as rich and good looking as they claim. I find that most of the 30 something people I meet on the internet all retired and live the good life.

They dont trade under parity, they trade under what people precieve as parity for other types of options. Rest assured they dont trade under their correct parity

Be sure that if its a tradable product someone on ET will tell you they make a fortune trading it.

LOL

I have seen or heard from CB in months, here or elsewhere.

The same thing applies to selling covered calls. You can have a lot of in dividual successes picking up change in front of the steamroller. When the day comes, and statistically it will come when you get rolled you end up giving a lot more back. Also if you're doing this on multiple underlyings...

Perhaps you should mention those other trades you "loaded up on" which turned out to be losers

You can write all the puts your clearing firm will allow depending on your capital. The verb to "write" is not exclusive to calls. In addition calls and puts are really the samething when you really learn options. And you call others amatures ? ROTFLMAO

The stories are growing taller and taller from this guy and we've all seen this before from posters. In the end he'll tell so many stories that they will all start to contradict themselves and he's go away and return under a new name.

10 to 60 contracts is not what most people call "loading up". From your posts it appears as if you strictly think of options as leveraged directional betting tools. History shows thats not a money making strategy over the long run. Vols getting creamed so are those calls.

Actually higher prices are expected in crude and the USO options already reflect that so those calls will under perform. This is a good case for a synthetic.

Talk to a securities lawyer, forget using any sort of retail account. Make sure you understand all the back office functions you're responsible for. Make sure you have an accountant and an independent auditor in place. Don’t expect that things will be the same when you step up in size from...

The yield is priced into the deep call so you wont recieve it. In addition even if you use limit orders you wont get filled without giving up huge edge.

Most likely they were "buy to close" there is a decent chunk of OI. The SEC is inept in some areas and not too bad in others. I remember several occasions when I was a MM where there was obvious front running by insiders in options and they SEC busted them.

I wasnt thinking "insider trading" per se that would be so obvious even the inept SEC would see it. I read the original post as if the poster implied a he and or others bot em already and they were secretly in the know. Sometimes you see that sort of rubbish on ET.

What makes you think they were all "buy to open"? Whats the volume in calls and puts of that line been recently?

THe stock needs about a 20% move for the 6 strike to be at the money thats a huge move so the time value looks about right given the IV these days.

Well C spent most of September below 20 bucks, in order for you to net 5% on an option which there are not a whole lot of December options to choose from. Also although volatility in C was high it didn’t explode until after September. SO basically you needed to sell 3 month, in the money call...

No one is going to make you a reasonable bid.offer spread in the options if the futures are limit up or down.

Carl is correct, in your example or the example the author uses you/he didnt make any mention for the margin in holding the short option leg of the synthetic future. They dont allow you to take unlimited risk via short options with no margin.