What to do with very large option spreads?

[spy]

Just go ahead and cross the spread... it's the easiest money you'll ever make. Like taking candy from a baby
(T.N.T()--✹

 

[TheDawn]

Part of this is also due to the explosion in number of contracts (exp dates and strikes) as well as number of options exchanges, all of which reduce liquidity and widen spreads, to the benefit of a small number of large options mm's that buy order flow from retail brokers. So yeah, you got free commissions but pay $400 in spread per contract.

It's funny that the increase in the number of options exchanges is supposed to increase competition and liquidity thus resulting in better price and execution quality for us retail traders and yet it still results in a reduction in liquidity because all of the options exchanges are fragmented.

 

[newwurldmn]

Part of this is also due to the explosion in number of contracts (exp dates and strikes) as well as number of options exchanges, all of which reduce liquidity and widen spreads, to the benefit of a small number of large options mm's that buy order flow from retail brokers. So yeah, you got free commissions but pay $400 in spread per contract.

that improves liquidity because like kind hedges are more precise.

 

[trend2009]

Do a 360 with the D-pad, Forward, Down, Back, Up being the correct order to do it in. You can hold block for it to prevent jumping.

Another writing style of destriero, which makes me wonder if it is a pattern that option expert could not talk in layman words.

 

[newwurldmn]

Do a 360 with the D-pad, Forward, Down, Back, Up being the correct order to do it in. You can hold block for it to prevent jumping.

if you use up down up down left right left right b a start you can get the spread cut in 1/2.

 

[trend2009]

if you use up up down down b a b a start you can get the spread cut in 1/2.

What does it mean?

 

[cesfx]

What does it mean?

It's an ironic gaming thing.

I had to Google it lol

The d-pad is a gaming controller, like playstation gamebox etc...
The up forward etc instructions, are tricks you can use in the game... To defeat the monster!

 

[qwerty11]

i am looking at selling premium on some high IV options.

But the stock you mention has one of the lowest IVs in the whole market. The put is worth exactly intrinsic (as you probably know anyway)...

 

[newwurldmn]

It’s just as wide. It’s a merger name.

Where is the buy write quoted??

Should be much tighter,,,

Why are you looking to sell that garbage...Better off buying the Delta amount of stock

 

[TheDawn]

Another writing style of destriero, which makes me wonder if it is a pattern that option expert could not talk in layman words.

No it's not a pattern of option experts. LOL They write like that because:

1) They are NOT option experts.

AND

2) They want to sound like experts to I dunno impress us retail traders? LOL