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I don't follow footy either. :)

Go West Coast Eagles!:D

The reason there's so much negative bias towards trading is that the business of trading has very low barriers to entry as oppose to other business ventures, anyone can deposit 2-3K and start trading, and most of those think that they can just make money right from the start. In other words...

If the long side is still OTM then you would definitely sell the long option to capture the remaining time value and close out the stock position in the market. If the option is ITM then again you have to consider how much time value you'll be giving up vs. the benefits of exercising the...

Except for the put-call parity those relationships do not imply single volatility number. So, there's no way to arb out volatility skew/smile.

You can be assigned early on any short option no matter how unlikely it may seem as it is the holder's right. However, early exercise takes place due to specific economic reasons, not just because the option holder wants to screw up the writer. An american-style call will be exercised early...

Some consider "Reminiscences of a Stock Market Operator" (Edwin Lefevre) as a must-read.

OK, I did some digging and found this: On average, SPX has changed .59% up or down from April 1998 to May 2005, so that's about 7 points. That's the change between the SET value and Thu close. For the September 2001 expiration, the SPX settled nearly 4.7% down from the previous day's...

If my memory serves me right there was a 20 point or so gap a few years back. It's not that hard to look up, just get some historical data for SPX and SET and then look up expiration days.

It doesn't matter which market you will trade, the principles outlined in those books apply universally. Taxation, market regulation and those things, generally, have nothing to do with profitable trading. There's no formal education for trading and, as it has been pointed out, classical...

Yes, there's significant gap risk and, yes, you can easily close out the position at thursday's close.

Kalikahuna, SPX options expire on a friday, however, thursday is the last trading day so usually when counting days to expiration thursday is used rather than friday, as it is the case with equity options which expire on a saturday, but friday is the last trading day. I doubt you can hold...

Your question doesn't make any sense at all. If you got your always correct crystal ball then, as it has been mentioned, it's a no brainer, go for futures as you get greater leverage and preferential tax treatment if you're a US tax payer.

That's pretty much the exact opposite of what options are!:D Moving exactly like the underlying is synthetic stock, but you're generally better off just going with the actual stock. Liquidity is a significant problem and so are the spreads, unless you're talking about ETFs like SPY, QQQQ in...

ATM options have a delta of 0.5 or 50 in stock terms.

Yes, that's what I meant. Let me rephrase - The market order doesn't specify the price so you are essentially willing to get filled at any (market prevailing) price. There is the risk of slippage! So if someone pushed the send button "1 ms" before you did and that order lifts the 0.25...

Backtesting should be added some time in the not too distant future, or so I hear. Just go to the TOS website and take a look at software screenshots or even demo it.

There's no chart indicator for this. COT is released once a week so if you want to plot it on a chart then I'd say you have to do it manually.

As I said, depends on the broker and your volume.

Commissions are only one of the factors when choosing a broker. Besides, if you do enough size then you can usually negotiate a rate that is lower then the generic one.