I would strongly recommend against increasenow's idea of just paying the ask when buying or settling for the bid when selling. You will almost...
IMHO, options are much more complex than stocks, probably by an order of magnitude or more, simply because for every stock that has options listed...
No, your strategy won't work. Part #2 won't be allowed. In order to sell naked puts (which is a risky practice), you need margin. If your...
Good discussion. Comment 1: Greeks give you interesting and sometimes valuable information about you position. Why not use them? If you have...
Cash Profits-- here's my two cents worth. Your concerns are reasonable, but the rules won't change. Brokers generally want protection, and...
spindr0--- The great irony of your comment is that the market being down 38% IS probably only TEMPORARY, but the losses to people's accounts,...
Two quick comments... quote from Mark: "This setup was not chosen at random. The founding fathers knew what they were doing and there is no...
rluser, In response to your question, I did some investigation on the internet in order to determine just how the RUT is "ordinarily" calculated....
MTE, thanks once again for your investigative work. I think it is extremely useful to have solid empirical data informing opinion. Let\s look...
MTE, thanks for your work on this. Is it possible for you to compare the Friday open with the settlement value? I know that Yahoo has the data...
You're getting good advice from all of the above. I really like Dan Sheridan's little saying which goes somewhat like this: Make plans in times...
Thanks, Mark. Purchasing a 520 call is a very good idea. Occasionally, it might even be a better plan than closing the spread, depending on...
I actually went to the trouble of calculating the difference between the open for the RUT and the RLS (the settlement price) for the last six...
Mark-- I'm pretty disappointed in your reply, frankly. This is NOT a case of calling a put a call or a radical error in judgment and does not...
As of the minute I am writing this the RUT is at 517. That is only three points away from the critical 520 mark. As MTE and Mark correctly...
BiLo It's NOT Lake Louise, but it's just over the mountain from it. It's called the Valley of the Ten Peaks. In my humble opinion, it's the...
Thanks svg. By the way, welcome to the options board. I'm looking forward to your insights. Mike-- I totally agree with your post on fills,...
Svg-- his spreads are definitely not too wide. A 10 point spread in SPX is perfectly appropriate. Spreads in the SPX can easily be as wide as...
Actually, he is referring to a complete Black Swan situation where the market collapses. In that case, the spreads WILL actually be profitable....
I think that the puts that you are thinking about are way too far away to do you any good under 99.5%+ of any situations you may encounter. I...
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