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Referencing the good old days when you could stand around and work into reversals and conversions for nice edge all day and all month or the days when you could sit upstairs and pick off the specialists who had their markets out of line and turn edge on reversals and conversions from off the...

Spin, my apologies to you personally. Having known you for a long time via this board and others, I respect your knowledge and surely your dedication to sharing that with the others here. I also did not mean to imply that you were the type of trader who expected to beat the “system” and not...

As far as a closing price guys, typically what a lot of retail brokers will do is mark your long options on the closing NBBO bid, and your short options on the closing NBBO offer. Thats the last price you (or they) could have liquidted those positions.

Hey fella easy on the personal attacks.... I guess I touched a nerve with you but you're way out of line for this board. Go take that kind of stuff to the yahoo boards

One last comment... if you want to impress us tell us you own one of the last few airworthy one of these....and have the balls to fly it

I used to enjoy answering questions here because for the most part the board itself did a good job of keeping the egos of people in check. After a decade it got a bit stale and also having left the options business after 20 years I don’t care as much. There are some very bright people here and...

plenty of Ferrari's out there worth a whole lot more that that old tin can. Thats not the point :D

Wow I have not logged on to ET in a while I am thrilled to see not much has changed. Guys who retired at very young ages and need to post that many times. Guys who need that fraction of a second as a retail trader because they can beat the MM's (even though the MM's are now computers)...

Wonder how many threads there will be on this topic ans how many will say they got the div.

The volume wont tell you anything. If you see a huge number of XYZ calls trade and its now one of the top five most active series what do you think you've learned?

Always look it up with the OCC http://www.optionsclearing.com/components/docs/market-data/infomemos/2010/aug/27621.pdf

The true hedge to RUT options is not the RUT index since you cant trade the index. If you think there is anything to be gained from options charts, and I do not, then plot them vs. the future.

Thats exactly right there is no NBBO when there is only one market. They've been fighting about it for years and sometime that monopoly will end too.

Why the heck not there are more way to let the cat skin you then I could write about in a whole day

Live I was not giving you flack. I really wanted to make the point that a blanket statement like "sell Summer Vol" is really not a good idea especially on a board which mostly has less experienced people reading it. Live, you don’t get a lot more flack then anyone else, it’s just that...

big move up move between now and june exp, then slow crawl back to 45 as we move towards July. June gets blown out just on the move and the July is not all that protective since vol comes in and then you decay away the rest of July. Hows that for a pretty picture?

Not sure how many years you've been in the business but from where I sit having been in the business for 20 plus years I don’t sell vol just because it’s the summer. I also would not even think of speaking for other pros or saying that any % of them sell summer vol. It’s more of an old...

Been that way in the FX options markets for 20 years. Most firms who make markets in the listed products are big players in the OTC markets.

They're arb able vs. the zillions of FX products out there. The thing about the original post is that the listed products are usually not the primary trades, the volume you see in the listed FX products is generally a lay off from some OTC stuff.

These listed FX products are such a tiny part of the real market in currency options they're often insignificant. The OTC options world for currency is the only market that matters