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95 call? Do you have any lifelines left? :)

I inferred the same but inferring is kinda like assuming so I'll wait for his final answer as well :)

I do a lot of pairs trading so the uptick rule would put a serious crimp in my ability to effectively execute positions. But as an earlier poster wrote, if they need to re-install that damn rule, then that 10% is a good way

Only a select few are privy to the closely guarded trading secret known as ______ :)

Well, I can't argue with that I'm surprised that he hasn't trotted out his bevy of alternate handles to chat himself up. After all, someone should agree with himself :) On a more relevant note, does IB list their interest rate on free cash at their web site? I get charged borrow fees...

I'm not sure whose typos I should respond to (g). I think Asd fixed his. Mark, is that your final answer? asd, In order to get a 10 pt ratio for a credit,, you're going to be in higher rather than lower IV options, unless you go out more months. Nothing wrong with that other than you...

Has anyone noticed that every time I post, our sad little poster responds to my comments and pretends that I'm on ignore? I guess that trolling for ET noobs to pay him for option advice isn't working out too well (see his chain on Option Mentoring), But on the bright side, he provides us...

Apart from the lesson that one should close out near the money options to avoid pin risk, the reason to look at it Monday AM post expiration is to familiarize oneself with the pre market trading, the wider spreads and the erratic behavior of many stocks due to the decreasing illiquidity of...

Guessing the direction that the market will move on pending news is hit or miss. Riding the momentum of the reaction to that news is much safer bet. If I was an investor rather than a trader, I'd say Ditto to what the King wrote. Until there's a fundamental improvement in some of the many...

Not that it's a conclusive study but several years ago I looked at the price distribution of 8-10 consecutive expirations. I looked at 10 and 25 ct intervals. With nearly 3,000 optionable stocks, it's reasonable that some should be pinned. But would there be a larger than expected number? I...

Everyone loses money on stocks that go down and stay down. The purpose of a collar is to put a floor under you. You can modify it by overwriting the calls or buying more puts but either way you give up some upside in return for less downside. The best way to avoid loss is to only buy stocks...

No. I'm suggesting that sometimes it's better to use a middle month (6-8 months out) as your long leg instead of a furthest month LEAP. Calculate the cost per day and decide if the somewhat higher cost per day for the middle month is worth the reduction of downside risk of the LEAP, should the...

And now you're posting pictures of me on the internet??? I hope you find stretch marks on your honeymoon :)

For diagonals, you might consider middle expirations in order to reduce downside exposure (certainly over 2011 LEAPS which was not the expiration you mentioned).

Shazam, One other thing... Watch GOOG in the morning to see what life could have been on the other side of your expiration :) FWIW, if it's not something that I trade regularly, when the trade is closed I delete the symbol and don't look back. There's nothing to be gained from woulda...

Hey! You stole my thoughts! Give em back!!! :)

Isn't that more of a self fulfilling prophecy where you just have more peeps chasing the same pattern?

The short answer is that it's equivalet to a naked call. If you're dealing with $2.50 to $5 stocks, the infinity thing may have some relevance since zero isn't far away. But in the real world (say the likes of AMZN, ISRG, GOOG, etc.), it's not relevant since the stock is never going to rise...

Yep, based on what I wrote so far, I suppose that could be true. But if you put it in the context of a hedged system with intraday bias that utilizes pairs trading and regression to the mean, it removes the coin-toss component. And as I said in a previous post, debating whether it's an edge or...

I think it was a big edge for Gerald Appel (and selling books).