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What, no cookies and milk and nap first??? :)

Simplified example of MTE's explanation: Long 100 shares XYZ @ 50 Short 1 Jul 60 call @ 1 vs Short 1 Jul 60 put @ 11 Run the expiration values for any price. P&L is identical.

DITTO

Leave the kinky commentary to Fourex-Fourex :)

Best day ever was when Lehman went under. Best week and best month as well. Sure do miss those days of panic and fear. Worst loss was 40% of above (BAC). Regression to the mean decided not to regress :)

If they were that good, they'd be mortgaging the farm to trade their own account. Oops, their farm was foreclosed :eek:

With logic like that, it's tough to compete :D Over the years many here have posted that their spread orders on the SPX tend to be filled near the midpoint. Given that SPX option spreads are very wide, for an active trader, just placing a spread order with get you more than that...

LOL. Doing a web search was too difficult ??? :) Play with this: http://www.cboe.com/Products/Cash-settledIndexOptions.aspx#dow

Fahgetabout the squirrels. Find the blatck swans!

Without a doubt you're ready for the Buffet table. Just buy a $9.95 all you can eat ticket.

Do a web search on the index you seek. For example, "FTSE + COMPONENTS". Then use a finance site to look up the dividends (Yahoo Finance, CBS Marketwatch, broker's database, etc.). In some cases the site listing the index's components will have a one click link to the data for each...

There's no set in stone rule of thumb that guarantees anything. News (and price) can change at any moment. There's art, skill and luck involved in picking positions and exiting them. One thing for sure, get out of the way of earnings announcements unless you are intent on playing them via...

I don't know the mechanics of option exchange fees and what and when they are passed through to the broker. All I know is that IB provides a credit against them for trades executed and if I have more fills than cancels/modifies, I don't incur them. They list the algorithms at their web site...

Are you feeling the love yet? ... for your opinion that one should place market orders instead of limit orders?

I agree. If you NEED to execute because price is moving against you, you have to execute at market prices. But if you are working an order, better fills can add up to an awful lot over the course of a year. Obtaining a mere nickel on each side of a 10 contract spread once a week is 5 grand a...

IB allows bids at penny increments on options that trade at 5 ct increments on the exchanges. Also, spread orders are filled between the B/A without the quote going to that price (another party was doing the spread and your fill was part of it). I can't prove anything... I'm just suggesting...

Check what the borrow rate is for shorting the shares as well as if there's a large pending dividend. There are no free lunches.

Sometimes but mostly with GOLD these days.

Did you ever consider the possibility that in the time it took you to cancel (or adjust) the first order and create the second order that someone showed up at 13 cts?