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could be a closing transaction

check if the stock is borrowable

The best thing to do is unknown since you have no clue what the underlying will do b/t now and expiration. Here's the deal with covered calls. Your performance is worse with them if the underlying goes above the strike + premium received (versus holding the UL) and worse if the underlying...

If the option trades below parity, it's likely to be exercised early.

Hey, that was pretty funny! Can I fawn over you ??? :D :D :p :p :D :D

There are a number of factors influencing what you are observing... or think you are observing: Delta is the amount an option moves per $1 move in the underlying. It's a bit over .5 for an ATM call. More time remaining and higher implied volatility make delta even higher. So does a higher...

Block trade refers to size. Some define it as shares and bonds. Others include futures and options. Does it really matter?

Look into my eyes... You are a sleepy chicken... You are a sleepy chicken... You are a sleepy chicken...

Did I spell loagarithminc write?

Can you post them again in logarithmic scale??? :D

Nahhh, he's a graduate of The Pen < just Joshing you (g) >

If you're dyslexic, tt's better to be a boob. You never get your nickname wrong.

As I mentioned previously, IV increase is great for a long option position but really adds to the misery if it declines. So if this was a pre earnings play, if IV was inflated and now contracts, you're going to see some add'l pain in your long puts. That's why IMHO, selling some puts is a...

I hate to be Captain Obvious but the time to deal with this was a coupla weeks ago when CAT broke 110. Here are the 2 worst cases. You sell now (current bid 15 cts) and tomorrow, CAT rebounds (a long shot hope) and you might have gotten 50 -75 cts instead of 15 -OR- it expires worthless in...

27.25 is the expiration break even price. If SIL there this week, you should have at least a double and possibly more. If you're bullish, book the gain and buy the May 28 (or later) calls. Personally, I'd scale out of the long put position on the way down. Given that B/A spreads are wide...

Rut roh! I'm in violation of the End User Licensing Agreement ??

Look up the meaning of the word REDUCE And in addition to that, booking losses and carrying paper gains is a bad habit.

OMG !!!!!!!!!! My lisp has now infected my typing!!!! :D :eek: :p

As per your initial post, you sell the PCLN 490 put. Situation A: Support is at $480 Situation B Support is at $460 Is the probability of breaching the $490 strike any different in these two situations? From the ridiculous to the sublime... The 30, 50 and 100 day SMA's, EMA's...