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  1. S

    500 covered call contract question.

    If you're concerned that your order may affect or be seen by other traders then a hidden order is appropriate. This hides the entire order. There's another type of hidden order that publicly displays only a specified portion of the order (don't know if E*Trade offers it).
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    Where to find info about using options to reduce exposure?

    I'll take your word for it since I'm not tracking the numbers. The important thing is that you have sorted out the differences and have had a light bulb moment :)
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    Help Solve Collar Position

    It's one of the hardest things to do but when you feel absolutely the worst about the market, it's more often than not a time to be buying rather than selling. Sadly, many people wait for a market advance like we've had since March before feeling good enough to go long.
  4. S

    Making 1%/week selling covered calls

    Is that in pesos or rials?
  5. S

    Where to find info about using options to reduce exposure?

    I'm not sure I understand your conclusions. Change in volatility isn't going to significantly change the amount of money committed to either side at inception. Whatever the put goes up, the call goes up and vice versa . It will change the premium relationships and therefore the degree of...
  6. S

    Where to find info about using options to reduce exposure?

    A horizontal line close to zero would be the correct result. The amount above/below zero would be the carry cost. Most of this is purely academic - just an easy way to demonstrate to someone that positions are equivalent.
  7. S

    New Strategy For QQQQ in Options...Tested Already

    $1,000 a day isn't enough. Off to mortgage the house and buy all the QQQQ's I can eat (sold the kids already).
  8. S

    Where to find info about using options to reduce exposure?

    Can't explain what you're looking at since I don't use that platform. Might have access to it but let's see if we can figure it out here. The premise is that if you graph the opposing positions of a synthetic, they should negate and result in a horizontal line. A NP = a CC so the...
  9. S

    Making 1%/week selling covered calls

    I would take the opposite view - I'd be surprised if any firm didn't take advantage of their customer. I can't imagine that borrow charges would be calculated on trading rather than calendar days but what do I know (g)? Will try it small. Thx
  10. S

    Where to find info about using options to reduce exposure?

    If you have a good modeling program, an easy way to see the equivalence of equivalents is to graph the entire position. IOW, go long the natural and go short the synthetic. If they are fairly priced, the resultant graph will be a horizontal line.
  11. S

    Making 1%/week selling covered calls

    DMO, thanks for the feedback. I have no problem with the edge side... have that under control. If the borrow charges include the weekend then that could be a deciding factor when I'm on the verge of closing a short position. And yes, this would be for my very short term plays...
  12. S

    Making 1%/week selling covered calls

    DMO, an unrelated question. Is my understanding correct that borrow charges are from settlement to settlement rather than trade date to trade date? Since borrow fees are based on calendar days, I'm considering the possibility that some high borrow rate situations would be less desirable W-F...
  13. S

    Making 1%/week selling covered calls

    This could be a fun game! What about BLDP? What about PRKR? What about MRGE? What about FCEL? etc etc
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    Help Solve Collar Position

    I assume that this is a hypothetical because it's hard to believe the numbers. As to your question, no. You could roll the collar up but you'd be tying up a lot of money. Allow assignment and buy the higher strike vertical instead of the underlying. You could make add'l coin if you...
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    Making 1%/week selling covered calls

    You can easily make 1% a week by writing covered calls on BAC. Sometimes, even more. The premiums are fat and the stock is fairly low priced so the yield is good. All you need for that to occur is for 1) implied volatility levels to stay high (or go higher), 2) for the stock to always be...
  16. S

    Deep-In-The-Money Iron Condor?

    What will happen to all of your numbers if you can't tranasct anywhere near the midpoing upon exit?
  17. S

    Where to find info about using options to reduce exposure?

    Any book (or web site) that explains the risk and reward of each option strategy will do the trick.
  18. S

    Premium Options Seller

    A good SSRI (selective serotonin reuptake inhibitor) for his OCD would probably take a lot less effort. Or perhaps just a stubby fingered proctologist with a recent copy of the DSM manual. LOLOL :D
  19. S

    Premium Options Seller

    You really know that you've made risky's sh*t list when he starts sending you egomaniacal and vile PM's about what he'd like to do to your head, your wife and assorted other family members.
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