Trajan's options journal

white17 · Feb 4, 2003

That's good to know.

I hope we get a little pop here at least. The vols on the march 15c are backing off a bit. I may nibble

Trajan · Feb 4, 2003

I'm looking at the t&s for the feb 12 calls, all I can say is it's nice to be a MMs. Buying the synthetics puts for .05 below the put bid.

white17 · Feb 4, 2003

Good work if you can get it.

Trajan · Feb 4, 2003

and then it immeditaely rallied, lol.

white17 · Feb 4, 2003

yeah but it looks sorta hesitant

white17 · Feb 4, 2003

seems to me that the size on the ask is constantly overwhelming the bid size. Tough to get upward movement

Trajan · Feb 4, 2003

Yeah the S&P's are acting doggy. The sellers are coming to finish their business, can't blame considering the environment.

white17 · Feb 4, 2003

see that 2000 block at the ask on the march 15C ??

white17 · Feb 4, 2003

Quote from Trajan:

Yeah the S&P's are acting doggy. The sellers are coming to finish their business, can't blame considering the environment.

Got that right !

Trajan · Feb 4, 2003

There is a bid down here though. the mid morning rally seemed like it was led somebody who slowly raised their bid from here up to the 13.05 - 13.10 area.