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Do you plan on covering the calls 1:1? IOW, are you short 10 calls and buying 1000 shares if it nears the strike?

There is a lot of run on infinite gamma in MsDawn’s post.

Saul is looking good!

300th follower gets a free Cameo!

I've had the most follows of any active member for a long time. OMG I am so bloody awesome. Sht, I lost one (269).

Seriously, I just happened to log in at the very moment. I can feel the love!

Don't you get it? We're not talking biotechs here. Just short the strike -> buy stock at the strike -> ring the register.

You mean the arb? You buy spot one tick before it touches the magic-strike and it's hookers, pizza and beer! But you gotta buy it a tick before... one tick. Seriously, he's letting the options expire worthless so all is well.

What do you think you gain by buying "just before" it goes ITM?

iron condorrrrrs are the way. Free monies!

I think the newb is covered ATM. He's not overwriting.

Nice...

Price the loss at a strike touch. Ostensibly the strike was chosen either via delta or you figured it was the smallest credit you were comfortable shorting. Price a strike touch on day1. What's the loss? Solve for the spot required to breakeven at the strike and then mitigate with volcorr and...

I'll keep my funds on the site, thanks for the quick response, and I'll stay away from FX for now.

You need to offer a range of digitals modeled as a strip x deciles. 10/100, 20/100, etc. The end user isn't going to be interested in range binaries. How does the pricing impact the flip on a bull range bet beyond the range? A couple beeps cheaper to the end user? Pointless complexity. I get...

Yeah, for sure. The issue is that it's OTM of course. I did that in TSLA some years back on some serious cash. Owned the 200-wide fly (pre-split) at a nice credit and the thing puked and I earned the credit when I would've earned 4X more covering. I would put mental stops in spot on it as it's...

I don't mean to dump on a start-up, but I know what I saw when I hit the bid. Unacceptable on sim, let alone production. I will reply with email in PM. Zero liq in EURUSD? Good luck.

You need to offer a brake if the order book goes to sht. I'd be livid if this had happened with significant cash. Your back end needs to be an algo-MMer of last resort. Say a bid 30% under best.

Perhaps I refreshed it bc the site was locked. 0.86 to 0.01 as spot drops a pip? This is ridiculous. You want to know where it is now? No action at 0.99. Priced to full payout. Yes, the contract filled at a penny and it's 0.99 no mkt. Zero liquidity. I am not even certain my limit didn't go to...

lol "unlimited downside of previously naked calls" Typically we discuss the risk of loss on calls somewhat differently. Upside risk of naked calls. Downside risk of naked puts.