FXC no volume in options...How do I play it??

C

Cabin1111

Canadian currency...About a 2.3% dividend.

So this expired on Friday...A covered call at $72.

This is very minor...Don't read if it bores you or doesn't apply.

So I wish to option this again (Roth IRA...Just 100 shares) for income.

I look at the Dec 24 $72. I see Ask $2.70 with no Bid.

Hardly anything trades on this option...I get it. I can be as patient as I want to be with this...Just losing future money for the time decay. I bought this to protect against super inflation, but at this time, I don't see it coming...So work on cash flow.

Should I start out with my price and drop (10 cents) every 10 minutes, 30 minute, 1 hour, 1/2 a day, each day??

What are the changes that human eyeballs will see this?? I will try to put it on an exchange for the human eyeballs.

What percent does the eyeball factor come into play with thinly traded options??

Thanks...
 
Sept has quite a bit more OI so I'd try to sell a call there.
Bid/ask isn't much better but probably a better chance of getting a fill IMO as the market maker (if short the existing calls) may be more willing to pass the call onto you.
 
human eyeball? is there bid/offer posted? penny the side you want and see what happens. the other side to this a computer program making markets on thousands of other things
 
2rosy said:
human eyeball? is there bid/offer posted? penny the side you want and see what happens. the other side to this a computer program making markets on thousands of other things
More...

Forgot to mention open interest 4 total...
 
Don't try this at home.

Set up 2 trading accounts.
Account A - enter buy order.
Account B - enter sell order.
Then
Account A - enter sell order.
Account B - enter buy order.

You might be interested in trading these futures as it has zero volume.

MSCI Australia NTR index
MSCI NewZealand NTR index
msci Vietnam NTR index
msci EM asia index
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etc etc etc
There are thousands of products with zero volume.
 
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