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why do you dorks keep focusing on the expiration date. You do realize the buyer can trade the option or lock in the profit any time right? Whoever took buffet's other side already made a large chunk of coins, i doubt they are just sittingon their ass waiting for that profit to evaporate...

hmm what are you smoking exactly?

why you guys arguing this? who the fuck cares. All that matters is if the news will stabilize/push c up from the current $3 level, or not. I am pretty sure it's very positive news and will push the stock come monday. Wait and see.

working out pretty good, expected pullback happened on the dot. 900 is hit, i bought today at closing and will continue buying this and next week to rebuild my positions. basket include ( xlf, spy, uso, solf, nvda, etfc, feed, intc, auth), keep in mind this is long term (my ira account)...

while on the elliptical today, i was thinking about a better way to isolate vega than a reverse calendar spread. That thought ended abruptly when a hot redhead started playing with those big exercise balls in front of me. maybe if i wasnt interrupted i could found a way to truely isolate...

dmo, you are just a bucket of knowledge :) thanks for the info, removed some more mystery for me. I will continue to follow the numbers.

well my IRA is up about 60% since i first made this post buying the 3 ticker (solf, nvda, xlf). Just converted 50% back to cash as we are hitting the 1005 strong resistence on the sp500. so much for that idea of long term investment, once a trader always a trader heh?

getting interesting again, back in play. 1005 will be strong resistence(was a huge support area), chance of breaking on first try is pretty low. haba haba!

unfortunately i dont have the exact date, it was more of looking at it everyday. But lets take yesterday-today as of now for example 1) vix cash dropped -7.2 (-13.5%) 2) vix futures dropped -6.5 (-12.5%) 3) JUN 09 950C had an IV ~39.5% yesterday if i remember correctly (the call was...

LOL FF, you do provide some good entertainment.... i am eagerly awaiting your next call.

DMO, actually i am pretty sure i used ATM, es was at around 950, took a wild ride and is now back to around 950. Are you saying they do correlate? meaning the IV of ATM options when VIX is at 70 will be higher than ATM options when VIX is at 55, all else being equal. Good insight on the...

I was doing an experiment and tracking the VIX vs some of the es 950 call options for various back months. It seems they dont correlate with each other at all, for example vix crashed from 70 to 55, yet the IV for es 950 call options barely moved by 1-3 points. Without going into all the...

i dont know much about nassam, but buffet is doing something completely different. He does not "trade", all his purchses are long term investments. In fact recently, he actually wrote a large amount of leap puts on the sp500, i believe he wrote it naked too (but dont quote me on that).

LOL dmo. :D it's funny if you think about it, everyone is in agreement that naked put sellers pick up profit every month until they eventually blows up like this month. If that's the case, if you just buy naked puts and take losses each month wont you eventually make a killing one month and...

this does not sound right, 10 vs 10.5 for nov/dec? How ditm are we talking about, what is the underlying trading at? Also you said your friend went ahead and did it anyway. What's his actual fill price on the nov/dec calls? are they really 10 and 10.5?

ok but is what i said true, ignoring the es option part. This doesnt seem right, for example in IB book trader, usually i like to place a limit order and move it up and down the ladder by dragging the price, so that means everytime i drag i am modifying a limit order and will get charged a fee?

we are on the edge again 870-880, if we confirm lower at today's close, expect 700s, if we confirm and hold above 870-880 by next week beginning of nov, then a reversal to the upside is very likely. Personally i wish we would hit 700s first this week, it gives that much more confidence a...

can someone explain what this means? In IB, if i place a limit order to buy/sell an es option say for 5pt, then later i adjust the limit order to 6pt or cancel the pending limit order, i get charged a fee?

wtf is a "straddle trader", who trade just straddles...

yes it can happen to all your stocks. so keep holding the bag and pray.