Any news on SR-Phlx-2014-46?

Discussion in 'Options' started by meanVelocity, Aug 31, 2014.

  1. 1245

    1245

    There are strikes every 2.5 points in SPY. Is every 1 point necessary?
     
  2. No, two points would likely provide optimal liquidity. However, with the low volatility of this current market a one point strike would be better for traders at the moment.
     
  3. 1245

    1245

    Are you a scalper?
     
  4. Nope. I generally hold options positions for 3-5 days. However, I sometimes do 1-2 hour long intraday trades if the opportunity presents itself.
     
  5. 1245

    1245

    I looked on the the OCC website and did not see any reference to this change. I assume it will get approved. We had .5 strikes before.
     
  6. Approved, yess!!!

    Will be a few more days before liquidity bumps up and tightens the spreads in... Was kinda hilarious the first day they were listed... I was looking over options and like... Wtf? This strike has a forty cent bid/ask spread, and the ones above and below it are as tight as three to five cents!