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sold!

Sell strangle and walk away.

Yeh, that's why we do rolls (or combo swaps) but my question is weather is doable anywhere else besides SPX pit. :)

In SPX pit rolls are done right before expiration to offset deltas which will expire, but is that the only place rolls could be done? Technically it could be done in XSP electronically, but is it practical?

So what question doesn't change.

If that's too far out for you, why even bother with options? Just trade underlying. What would people who just traded June/Sep put spread think of you...

"Seats are limited" "Do not miss" Ha ha ha. Where do these clowns come from.

Pipe dreams, piker.

no

When you speak of time value, think of it as an absolute value. Which option loses more with time passing? Short or long term? Of course short. Think of it like this, short term options will lose most (time value is larger number) than long term option.

If you want to work IN US, then yes. Otherwise, remote from C.

If you are starting out, with no exp., you're probably going to end up clerking for a while. Prepare to be frustrated arbing for months, and not knowing what's going on upstairs. After that, I don't know what happens.

So...what's the answer :D (similar question saw someone post, how many golf balls to fill up 747....? hah.)

Actually, ctenisdead is Pankaj, for sure. I know cause I met him back in 1998 in NY, while working for ETG. This was just another soul in similar circumstances. Who knew....

Thanks for replies, but I have no interest in Nico anymore. Got the gig as TA with another firm, right now I'm in SP pit, and hopefully in about a year will be upstairs. It's a small group, so I'm happy that they are paying me decent and making me proficient in everything around options, not...

Seriously, too many morons around here these days. Used to be good traders talking shop, now it's these idiots. Oh well, gonna find somewhere else to actualy read something worthwhile.

It is.

You just reminded me there's an ignore button. See ya, jackass.

We need more chlorine in the gene pool.

You already got my hopes up here. What happened? http://www.elitetrader.com/vb/showthread.php?s=&threadid=105079