Trading options during the last few days before expiration

[metooxx]

We buy or sell them to 15 minutes before the bell.

 

[loufah]

Here's one:

14-JUN-2001 O GLWRC GLW JUN01 15 P CBOE 10 0.1000 -100.00
15-JUN-2001 C GLWRC GLW JUN01 15 P PHLX -10 0.5500 550.00

IIRC, GLW tanked on the 14th and I felt it could keep on going.

 

[Pabst]

Originally posted by Don Bright
However.....options are meant to be sold...and the most of us on the trading floor would look to go sell those 1/8' and teenies that were left come Friday.

Don

"Selling premium is like picking up nickels in front of a steamroller"

Joe Ritchie
CRT (The world's dominant option's MM's during the 80's)

 

[God#9]

Originally posted by Pabst


"Selling premium is like picking up nickels in front of a steamroller"

Joe Ritchie
CRT (The world's dominant option's MM's during the 80's)

Theres no way I could do this that close to expiry

HOWEVER

This is an EASY way to make a constant income for almost anyone. As long as you don't over leverage.

I sold all I could last friday and monday, one of those times when you KNOW your RIGHT and want something to show.

Its still possible there will be another chance with the NQ this week.

 

[ktm]

The "max pain" theory is max BS. If you do the math, it makes sense that most options outstanding are at strikes nearest the price...a self-fulfilling prophecy. This was created to sell books and online services.

With so many so gullible, it pains me to think I have failed to create a "theory" that I could make a few bucks from.