The S&P is looking very toppy

Quote from reflexivetrader:

James,

I just proved you WRONG!

If anyone else has something to say, speak up!
More...

are you insane? short 200 calls @ 2 = $40K. You said 100K. You are wrong. I am right.

Or do you still want to dispute 200 @ 2 = 40K?
 
Quote from richtrader:

James,

Maybe you should start a journal. Those are more protected from attacks. This thread is getting out of hand.

Thanks.
More...

Then please help out. We have some maniac crying that 200 x 2 does not equal 40K. Stop the madness.

I want to talk about a toppy S&P.
 
Quote from reflexivetrader:

S&P 500 contract is valued at $250 x index value. $1=$250

:D
More...

will someone, anyone on ET please explain to this person that options on the S&P index trade on the cboe and are valued at $1=$100. Please?
 
Wait a minute, I think I see the confusion here. James are you short S&P options or SPX options. There is a difference. The S&P options have a multiplier of 250 not 100. The SPX have a multiplier of 100. So are these SPX options or S&P?
 
Quote from reflexivetrader:

First, here's last weeks weekly quote range for the S&P 500 options contract Feb 1200 calls.

Feb 04 c 1190 984 756 ... ... 2.10 ... 1140.20
Feb 04 c 1200 2298 1146 2.00 1.25 1.30 ... 1140.20
Feb 04 c 1250 758 709 .50 .30 .30 ... 1140.20


It never traded over 2.00!!!

Second, James Stock says he's short 200 Feb S&P500 1200 calls at 2.

Lets take a look at really what this means to him and his account!

200 contracts x 250 (index value) x 2 (premium earned) = $100,000 credit to his account. he just said he took in $40,000.

James Stock quote:

I said I'm short 200 @ 2. That's $40K I stand to make if they expire worthless. I've made multiple trades over weeks in this option, and the average price is short 200 @ 2.

WRONG, this isn't like the CBOE!!!!!


Now the margin issue of this naked options position is unbelievable! According CME's SPAN (Standard Portfolio Analysis of Risk) as of 9 am et this morning. James Stock would have been required to post in cash in his account $14,420 per contract which works out to $2,884,000 for his 200 lot.

That's 2 million, eight hundred and eighty four thousand dollars cash margin !!!! Not believable at all James Stock!!!


JAMES STOCK you have no idea what you are talking about, your a LIAR and have NO CREDITABILITY on ET!!! Take your PHUCKING Elementary school games somewhere else!!! You are playing with the BIG BOYS here!!!
More...


******
S&P 500 Options on Futures trade on the CME not the CBOE. Its 250x not 100x!!!

:D
 
Quote from Maverick74:

Wait a minute, I think I see the confusion here. James are you short S&P options or SPX options. There is a difference. The S&P options have a multiplier of 250 not 100. The SPX have a multiplier of 100. So are these SPX options or S&P?
More...

I'm short the szp bt, which is the spx.

Thanks for helping out.

I'm only talking about a toppy S&P from now on.
 
You must log in or register to reply here.
Back
Top