I found this ET thread about the benefits of ES options over SPX options to be quite interesting reading (for after the expiration exhaustion!)....
Gatorplease, you did EXACTLY what you were supposed to do. How would you feel if you had not closed out and then a few hours later, found out that...
Almost a 20 point swing in one day... impressive!
I think a lot of traders are going to go short in the 1195 to 1200 area...
Yep, still short the 1200 strikes. Got in for $1.10, can get out for $0.40 now.... assuming greed has not gotten a hold of me. I was much more...
rdemyan, When you have bought back for 0.05 close to the close of market on Thursday, how close was the SPX to the short strike?
Phil/Nick/... How close is SPX to your to your short strikes? Are you going to hold till expiration? I think that has quite a bit of risk given...
Nice bounce at 1170. Now setting up for a rally.
You can read more about riskarb's double butterflies here: http://www.kaininito.com/options/articles/ The problem with these is that right...
Phil, back to 1178. We might test the week's low at 1168 between now and exp, but hopefully this evening's earning should boost the market a bit...
Feels like a bunch of formula 1 drivers are telling me (the average retail driver) how to drive my Fiat. My car uses regular gas, has skinny...
Hey Jet!!!! With a statement like that, you now have to share your "adjustment to his style"... :) :cool: :D
Choad, Thank you for the great posts. Actually, several professional traders I've come across have the same opinion as you about low...
Bingo! I think it would be very constructive if we came up with a set of market conditions conducive to credit spreads and another set of...
Choad, Thanks for digging up the data. I think there are two take-aways (for me, anyway): 1) There is a time for credit spreads, and a time...
There's a video on the CBOE website by Dan Sheridan -- he says the best times to get filled are 9:45am-10:30am and 2:30pm-2:45pm CST.
Jet, we're lucky to have your input on this thread. And thank you for not taking a condescending tone given that most of us are retail traders and...
Jet, you've hit the nail on the head. There is quite a difference in the way a floor trader trades and how a retail trader must trade to be...
For the record, I have PMed Coach Phil several times. He has never, ever solicited any type of "service" or "mentorship" in any way. He does not...
It works! Ahhh, simplicity..... :)
Separate names with a comma.