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:D Good one, mate! Btw, I'm short volatility.

Highly unlikely! :) No book can help you translate the posts into English. :D

Mods, move this to the options forum where it belongs.

All info regarding a particular contract can be found under contract specifications on the respective exchange.

I'm not sure what you mean by "spread it over 2 days", but if you have a daily annualised volatility of 10% then 2-day volatility will be 0.10*sqrt(2/365).

You are comparing apples to oranges. What you wrote about Fidelity is Reg T margining, which is quite different from the portfolio margining.

It is an option on DIA.

DIA and SPY are the symbols. I doubt that IB uses some other symbols for them. Yes, these ETFs track the index so buying a put on these ETFs is the same as buying a put on an index (well, there are some slight differences with respect to contract specifications). For more details go to the CBOE...

What do you mean by recommend? For DOW you have index options on DJX or ETF options on DIA. For S&P500 you have index options on SPX (XSP is mini-sized) or ETF options on SPY.

I'm not tech expert, but my uneducated guess would be the same way you can get it into Excel, namely using DDE. I wouldn't bet on my advice though. :)

OK, OK, here's the answer: Look at the price of the ATM front month straddle (assuming the move is expected before the front month expiration), which is the approximate size of the move that the market expects.

This is something I don't quite understand either. I have nothing against MAESTRO and I think his setup looks amazing, but that's about it - amazing, jaw-dropping... As far as functionality goes, hmm, I don't know. What is the purpose of 24 (as in the original pic) or 192? (if the new is 8...

The exchange is Euronext and the time zone is CET or Central European Time, which is 1 hour ahead of London.

Just for the fun of it, I used a CBOE calculator to price an 85,000 call and put on class A shares with 30 days to expiry and 40% vol: Call 4,508 Put 3,370 AAPL, which is a $90 stock has a bid-ask spread of around 0.10 on ATM options. So that means, the bid-ask spread on BRK options would...

These are normal options in the final week before expiration. Time decay and gamma are the key points here.

InterMune investors are anxiously awaiting findings from two clinical trials that may yield the first blockbuster drug in the company's history. Within the next week or two, the Brisbane, Calif.-based drug maker is expected to release results from two phase III studies that are testing the drug...

The difference between LEAPS and shorter term options that LEAPS are a lot more sensitive to changes in implied volatility and interest rates (Rho becomes an important Greek to watch).

Define "best" and you might get some answers.

Sorry, I guess I didn't read your question carefully, I thought you wanted risk-free. And you welcome for the timeless wisdom!:D

There's no way to make this a risk-free arb. If there was a way then don't you think everybody would do this to lock in the spread!?