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BWS's reply was spot on..... It helps that you are the first to say you are not an option trader... First and foremost,there is no such thing as option repair.See BWS responce. You dont make a trade to get out of a hole you dug and fell in... You do trades to make money,as in place a trade that...

Yeah Dog,welcome to the club!!!!

Orats,forget TOS

From what I have been told,there are "exceptions"..

I have exercised up until 5... I'll put you on touch with the head of derivatives at Goldman.Im sure he will be more than happy to clear up any confusion

Yes to both with no human intervention..

Don't believe everything you read,including what I said.. Check with your clearing agent. I know for a fact that you are wrong...

Adding to what Rob said,you should also watch the after market for large adverse moves as it relates to your short options. Stock may close at 166,but if you are short the 165 put and the stock sells off to 164 after hours,you will be assigned. From what I understand,retail has till 5 to...

TOS theta is way way off with apx 3 days or less...its a mess..i dont look at 3 day vol

StockRover is probably the best screener for what you are looking for

Family tree??

Not really true..I was the head trader of equity derivatives at 2 IB's and everyone gave a shit,opm or not.. Most of the guys I knew didn't grasp how much easier it was to make money with flow/ structured products.They seriously over rated their abilities to the point of near delusionality ...

Looks like the dividend was double what you thought...Was there a special distribution? TOS did indicate a 2.59 Semi Div

i would have kicked out an upside call spread .. 15/16 call spread at .60 or the 14.5/15.5 at 1.. You would still be in for a credit,but with some luck,you could make 2.25 or 2.65..

Did you look at any upside call spreads to sell? Where were the 1 or 2 point spreads trading with the strikes 14,15 ,16,17??? You may have been able to create a fly like structure with better reward to risk..

This is wrong.. At least come up with an argument relating to skew

Im at the beach,so I'll bex quick.The example I gave is not realistic,you are correct.Implied would have to be super low. Parity means trading at intrinsic.No premium. I'll folllow up

Ok,school is in session.. Pure risk reward.. Short put,vs getting assigned early and long stock.Ignore div and carry. 2 scenarios Stock trading at 43,short 10 day 50 put trading at parity.Lets say you are lucky and a 60 bid for the company comes out. Would you rather be short the put or long...

Im seeing the dividend is a bit larger,but I haven't double checked.FWIW,Im not suggesting you adjust your position.The div was priced into the options

According to TOS,its going Ex Div on the 12th..Looks like a massive dividend.. Are you aware of that?