SPX options

[rallymode]

Quote from xflat2186:

I love days when the index ( spx ) is 5 or 6 bucks and the front month .30 delta call is unchanged on the day and the calls below them on the delta curve are lower on the day.

This often happens during a mean reversion move in strip vols or shifts in the term structure. Any further info you may wanna share on the subject would be appreciated.

 

[indahook]

Quote from resinate:

I have been exclusively daytrading SPX options for years (quietly for the most part ).

I would agree with you that its only worth paying the spread at very select times- these occasions vary depending on your time frame and motivations to enter or exit.

Further I share your hope for CBOEs ongoing monopoly. Efficiency in markets is WAY WAY overrated.

Shhhh.. dont tell anybody....oh wait in my jubilance from yesterdays raking in of the cash I let the cat out of the bag.

Darn it...everybody forget what I said..the SPX options are a suckers game. The CBOE MM`s are crooks...CROOKS I SAY!!!

Play the SPY and ES if you follow the SPX. The spreads are tight and you will have plenty of company so you dont feel lonely.