Large options spread

[spy]

But- are we not allowed to respond to other comments in a thread?

Yeah, whatever... I don't care. Unleash your animal spirits. Just thought it'd be nice to give some serious consideration to the question for once inside the first hour of it being posted. But.... this is ET so let the shit flinging begin. Should I start? Where's @destriero when you need him?

 

[misterkel]

shit flinging

I don't think I flung any shit. I just questioned the assertion that Options were entirely based on vol. Just following the discussion where it leads. Is there some policy that we can only respond to the OP? serious question.

I didn't call names. I actually have a policy to not do that and simply IGNORE name-callers. Like Des, for example.
for the record, I much agree with you - there's such a low standard of discussion on ET. It's kind of depressing.

 

[newwurldmn]

I wouldn’t call your post “flinging shit.”

I don't think I flung any shit. I just questioned the assertion that Options were entirely based on vol. Just following the discussion where it leads. Is there some policy that we can only respond to the OP? serious question.

I didn't call names. I actually have a policy to not do that and simply IGNORE name-callers. Like Des, for example.
for the record, I much agree with you - there's such a low standard of discussion on ET. It's kind of depressing.

 

[spy]

Yeah, it's cool... I was just goofing. I thought context made that clear; guess not.

I don't care if you call names, fling shit, act mature or immature. It behooves the reader to look past that which does not concern them. And, for the record, although some people (say @destriero for example) certainly have a "direct manner"... I can appreciate that too. Maybe more than the diplomats. Sometimes it's just better to call out an idiot as such IMHO. They say if you can't handle the heat, get out of the kitchen. Lol

Let the shit flinging commence.... everybody! Haven't you seen the show shameless?

I don't think I flung any shit. I just questioned the assertion that Options were entirely based on vol. Just following the discussion where it leads. Is there some policy that we can only respond to the OP? serious question.

I didn't call names. I actually have a policy to not do that and simply IGNORE name-callers. Like Des, for example.
for the record, I much agree with you - there's such a low standard of discussion on ET. It's kind of depressing.

 

[misterkel]

Yeah, it's cool... I was just goofing. I thought context made that clear; guess not.

I don't care if you call names, fling shit, act mature or immature. It behooves the reader to look past that which does not concern them. And, for the record, although some people (say @destriero for example) certainly have a "direct manner"... I can appreciate that too. Sometimes it's just better to call out an idiot as such IMHO. They say if you can't handle the heat, get out of the kitchen. Lol

Let the shit flinging commence.... everybody!

thanks.
Laugh of the day - watch to the end (1 minute). I call it:

Me trading options from the chart and asking ET forum for help.
https://rumble.com/v1ygg87-can-we-s...utm_medium=email&utm_campaign=tonyheller&ep=2

 

[easymon1]

From time to time I think about trading options. But what always stops me from doing it is the fact that options spread is way larger than stocks spread. Plus it looks like there's less liquidity.

1-12-2022 Total investment $1600(4x$400).
MRNA $230 Calls, out $5.20.
View attachment 275227

 

[taowave]

Hi there,for the sake of clarity, when you say trade options,are you talking directionally as in Delta bets (stock replacement)

Hi, I have never traded options, but successfully traded stocks. From time to time I think about trading options. But what always stops me from doing it is the fact that options spread is way larger than stocks spread. Plus it looks like there's less liquidity. For example, some S&P constituents options have less than 1000 (with strike price near the current stock price) volume a day.

Based on this fact i cannot understand how you guys trade options. Because of the large spread you lose a lot of money, and it is veeery hard to find an edge that can justify the costs.

Is there something that i don't understand? Can anyone explain me how people make money with options?

 

[destriero]

this is why. *Adds* buying power under SPAN and TIMS. Traded a huge concentrated position last week that was only $70K in BP and made $72K on the day, Posted the figure to the "get long" thread.

FWIW, pre-split, AAPL vol was tighter than the shares.

 

[Cisco34]

Hi there,for the sake of clarity, when you say trade options,are you talking directionally as in Delta bets (stock replacement)

I think he's talking about slippage, so I'm assuming he's successfully day trading S&P stocks, but he wants to move to options (more leverage, more moolah) using the same successful techniques. The problem is the spread and the liquidity.

 

[Primal Trader]

Answering the OP directly who has concerns about spread and liquidity in trading options compared to stocks, perhaps look at options on iShares Silver Trust symbol SLV, which are exceptionally liquid. For example, yesterday the "spread" on call options just outside ATM was one cent, bid .25, ask .26. They are extremely popular amongst those who day trade options for very good reasons!