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Cost basis, pricing and returns are identical to the monthlies, given volatility, time to expiry etc... During normal market hours, spreads are comparable to monthlies but after hours can be a bit spotty. When we have normal markets, you can typically get filled overnight with an order...

Since no one has said it yet...It depends on what strategies you are using. The real benefit is in spreading between them and being able to be more granular in your approach with more strikes. If your strategies don't take advantage of the increased expiry frequency, then the benefit is...

Thanks for the compliment...but I'm not even in the top 10 around here. In terms of options, I think this place is as good as any. You can get the basics answered - although I'd suggest doing some searches of this board first as there has been a wealth of info covered over the last 10 years...

That's a tough year when the #40 guy doesn't even break 100mm.

It's almost completely irrelevant. The $$$ this year is only about $40B and they can act at any time to change things. There are other potentially actionable (market might care) items later. The CR dies around March 27, so the gov could shut down and the debt ceiling needs to be bumped up at...

Spreads.

The spreads are just too wide DITM. Three end results can happen each day; up, down or flat. If you bet down, you will lose for that day if the underlying is flat or up. You would also lose if it is only slightly down from paying the spread to get in and out. Nothing sucks more than...

Bake ol Lenny some cookies with some special treats inside...like ricin crumbs. If you use rat poison remember it takes a few weeks to go to work in humans.

AAA did a great job summing up my feelings as well. I had some complaints about the new format, but kept them to myself as I assumed tweaks and feedback from others would evolve the interface accordingly. We can't thank you enough for all you've put into this and all you do for us!!!

I've designed a number of interfaces as well in other gigs over the years. I would agree that parts may be overdone, but overall it's a good design once you get accustomed to it. I haven't used TOS so I can't compare them. There are always quirks in the IB interfaces...certain things that...

Yes. In optiontrader, once the spread is added to the quote panel, right click to create an order ticket and the "check margin" is on the lower left.

The advice was to recoup your funds and flee the scene. Movement in the price of gold and whether you "own" calls or puts matters not. The longer you stay, the less money you will have.

He was very likely to get caught no matter how he put it on, as evidenced by the Swiss acct etc... If you're going to totally break the law in such an obvious way, go big or go home.

Without giving it much thought...the calls were JUNE 65 and were 30 to 40 cents I think. Again, I haven't looked at the chains, but how much were the Feb calls (or even March) if the June calls were 30 cents? .05 maybe...to $7.50...divided by $90,000. You'd make 6X to 8X more right there...

Damn.

...and a real amateur effort. With 90K in cash and all the inside info, they could have made much much more with the right structure in place. At least they were smart enough to do it through Switzerland where they may have a chance to get away with it. When 3G leaked the burger king deal...

I've got 923.15 unofficially.

Closed this out yesterday AM at +7...would have been about +10 near the close today. I bought the Feb22 1520/1500/1480 at 1:3:1, for .65 yesterday morning. Mid near the close today was about $1.62. This should look great on Tuesday with a quiet weekend. Wish they were all this easy!

You can also post specific stuff here. I run a lot of Excel as do many others here and we can probably help optimize whatever structure you are working to build.

On the surface it looks interesting for BRK to make such a move. Marcel Telles is very sharp and I suspect there is some rollup potential here or other strategic positioning that somehow justifies the premium.