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Well, IB is paying around 1% on credit balances, other brokers zero. So if you had free cash it may be worth it. Also it could be great to borrow at that rate as well. Cost to put this position on would be about $3 per 300,000 as you are only trading 2 contracts.

To explain this a bit better. You buy the SPX June 500 call, and the SPX June 3500 put. To complete the box you would also sell the June 500 put and the June 3500 call. The last two are both at zero, so the trade that took place today only included the "meat" of the box and the legs that were...

Lots of smaller trades, 5 lots or less throughout the day, not too many total, under 50 last I saw, but all were at 2987.05 for the June monthly expiration, 3500 put, 500 call. I realize that's not a lot in total, but its a good representation of where you could be filled as many smaller lots...

Noticing the June 3000 (500 call, 3500 put) point box trading in the SPX today for an effective yield of about 2.2% (annual). So if you bought 1 box it would equal lending $300,000. Commissions minimal as only the two deep sides trade, so depending on your rate, just a couple of bucks as it is...

"The new company will be called Morse-Wedbush and will be run entirely by Robert Morse"

If you are long VXX options, you have until 530pm et to exercise that option on expiration day. (Different brokers may have earlier cut off times in order to give themselves time to process the trade). With the VXX, things can happen that effect the VXX price after the option market closes at...

I love this line, will be using in the future.

Pekelo, to add a bit, If you decide to exit your position, put it in as a spread, both the call and the stock together. Most likely the calls have a wide quoted market as they are deep in the money. The spread market should be fairly tight.

You are wrong. Its that simple. -Covered Calls = Bullish -Long Stock = More Bullish The delta on 100 shares of stock is 100. The delta on a 1 covered call, is 100 - whatever the delta on the corresponding put is.

You are wrong. Long stock and short a call is not neutral, it is bullish. How bullish would depend on the corresponding put.

The potential profit in your position is whatever the corresponding put is trading for (same strike as the call you are short) This is what you can make if you leave the position alone. If you buy that put you are locking in whatever profit you have in the position, or you could simply take...

Also posted and discussed in this thread, https://www.elitetrader.com/et/threads/terrible-spx-and-rut-bid-ask-spreads-but-es-spreads-better.319126/#post-4628618 and this thread, https://www.elitetrader.com/et/threads/spx-monthly-options-to-be-more-electronic.318696/

So in other words, I have a great guy I am following, but I'm going to keep it a secret from all of you, but would you all please tell me any great predictors that you follow?

April 30th.

Can someone confirm if Robinhood allows trading in SPX and VIX options? If yes, do they charge the exchange fees?

Calls are also exercised early in hard to borrow stock, in order to get long stock, which will happen quite frequently.

For anyone who thinks the Vix settlement is manipulated, here is your chance to take advantage of it. You can participate in the opening of the SPX options that mark the VIX. http://cfe.cboe.com/market-data/settlement/hoss-information Here you will see the indications of opening of the April...

Was told 2nd quarter. Not sure when exactly, they are in the process of taking applications for market makers to stream quotes. Here is the original circular. http://www.cboe.com/publish/regcir/rg17-136.pdf

The SPX monthly AM options are quoted differently then the weekly and pm options. They will have a wider quoted market, but generally the same "inside" market. So even if you see a 1 wide market, the "real" market is generally much tighter. This will change soon, as the SPX monthly options...

There are still a few pits trading on the floor. The SPX and VIX at the CBOE being the main ones. The people in there generally are in larger well capitalized groups.