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There ya go! He sold those puts for 20 cts this morning and can already buy them back for pennies. It's get rich time on ET ! Enter him into the BANG contest! :)

What do you use to keep track of this? Spreadsheet? Proprietary program? Retail program? Broker tools? Thx

Mortgage the farm! Sell the wife! Dance in the rain with an aluminum foil hat on!

Hey! Yep, that about sums it up. If I'm not making up the extra 12 cts by being treated like a MM then the puts are a better deal in an environment where rates are higher. And yeh, I fudged the hypothetical by using a rate of 1.5% :) Bottom line is that if I'm looking to be delta neutral...

I had the same reaction. WTH are you going to make from the difference b/t IV's of the put and call of the same strike? I'd love to see the Optionetics sales pitch for that money maker. Although... you might be able to find some terrific put over call ratios where you can lock in huge wins...

"A foolish order and the money will soon be parted." (Market Proverbs 101)

Spreads aren't for the lottery ticket track bettors :)

Ah yes, the Pillsbury Dough Boy syndrome. You squeeze here, he pops out there. You squeeze there, he pops out here... :)

It's really not going to work for you until you put up a web page displaying how much you can make by taking covered call positions in Goldman Sachs just before earnings and then starting a solicitation thread here for wannabes needing a mentor who can do all this and more. SHAZAM !!!!

OK, I'm stuck on that idea and I have no clue how the forward price factors into what I think I'm seeing. Let's try a hypothetical. Priced today (theoretical), a $50 stock has the following: $4.16 = Nov 50c (delta = .545) $4.04 = Nov 50p (delta = .455) other than the natural straddle...

How much and where?

I think that the peeps in charge of the lexicon should change current vernacular to "They went down in smoke" :)

dmo, Occasionally I gamma scalp a straddle. Given the discussion of carry cost and theta of puts versus calls, I wondered if it made any difference whether one just used calls or just puts? For example, I took a straddle position late last month. For each straddle bot, I also bot 18...

I don't know about other avenues of access for IB or even if they exist but their DDE interface b/t their platform and Excel has limits and only increases if you have a VERY larger account or you trade a lot.

quite true but surprisingly, RIMM's IV hasn't increased that much over the past month. What happened to the good old days??? :)

Who's cheapest depends on the size that you trade (some are flat fee, some are fee per contract)

You want to be a mentor for Elite Traders too ???

Or perhaps he just set a record for narcoleptic episodes :)

I like GOLD. Has 1-4 pt intraday range. AEM and ASA are not far behind.

Try the souvlaki!