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I misspoke. By "other" I was referring to tradeable etfs such as SPY QQQQ IWM. That is an interesting point that you bring up with respect to the OEX options, but that seems to be the exception rather than the rule, am I correct in saying so?

You're right, but on a technicality. For other indicies if you're assigned early, flip out of the stock and reenter your position. But since OEX is a different animal, you do have that risk of a day gap before/after. However, I feel that the odds of that incident occurring are quite low...

> One of them sells low credit spreads only (one side of IC), has an average monthly return of 4-5% since 2000 and no losing month since 2005. Second one is using combination of IC and multiple calendars, has an average monthly return of 7-8%, no losing month since 2007. I'm assuming the...

Even if you're in a spread that has your overall risk limited, it's nice to see what your total exposure is in relation to your portfolio. It's also nice to be able to hedge if you're stuck on the short side of a condor. For example I've got some RUT condors with the short call side at 510...

SPX options are european, which means you can't get early assignment. Also, regardless of the style, if you're in a spread, the max loss is locked in as you are an option buyer on a different strike. There's other tradeoffs such as size and liquidity when considering what to trade, but I...

It seems to me that you're looking to use option selling strategies as a way to generate income. There are a couple assumptions you are making. First, that the move in stocks are not going to be volatile; second, the premiums that the option buyer pays is high enough for you to justify...

BXM is the SPX buy-write index, but I think it's a theoretical index and not tradeable. BEO is a tradeable covered call index, and there are others (FFA, MCN, BEP). But just like many other exotic etf/funds, there's going to be inefficiencies strictly due to scalability-- best to do CC's...

I misspoke, I was not referring to IV in general, but how April IV much higher relative to other months.

Couple comments: 1. When looking at risk and reward, you also have to consider the underlying probability of success as well. There have been a couple other users that said risking 5 to get 1 is a terrible idea, but that's not the case. It comes down to your expectancy, which is E =...

hah! first post... sweet implied vol in the name is quite elevated, there may be some impending news coming out-- earnings up in a week or two, but I don't see why vol higher that far out... My play? Sell a time spread: Buy Nov 8 Calls for .60 Sell Apr 8 Calls for 1.60 Credit a...