Hi Adam, I just saw your message. So you sold the 108 calls and bought the 109 calls for a credit of .10. Right now, my quotes show the...
Adam, Exactly. That settlement number can be unpredictable. Even if the SPX opens up +10, for example, there is no guarantee that the...
Good question. First, you made out very well with your 1100/1075 call spread. Congrats. However, because that spread is rather wide (25...
Those SPX weekly options are treated the same as the monthly ones. They settle on the AM price. They are no longer trading today. Check the...
A mere $20 investment @.01/share on July 29, 2009 has you driving away in a new car today. :D AZD
Ditto. Congratulations Mark and keep up the good work. AZD
With the 1:20 reverse split shrinking the float and the huge volatility, you might not want to take too large of a position on those bear call...
A $176,000 aggregate options trade. Stunning courage. Congrats. AZD
How many contracts?
Hi Mark, Very good points. I asked for the cost basis to get a better overview of the situation. You are correct though - many people (I...
There is always the option of turning it into a spread. Maybe you could sell the 985s. But the problem is, the 975 contracts are less than 3 right...
What is your cost basis? Which would make you feel worse? 1) Riding it out and losing almost everything. 2) Cutting your losses and...
I must be looking at the screen too long, LOL. You are correct. European style. They cannot be excercised early. The main point I was trying...
Oooops. I meant to say that the quarterlies are NOT European style, but American style expiration. Not all SPX options are European. The...
The quarterlies on the SPX have a European style expiration. You don't have to be concerned about the occasional madness of opening settlement....
Spin, Scalping DNDN - You are brave, especially if there is any chance of a repeat of yesterday. You don't see any options plays on this...
I was thinking for a while that a butterfly might be a good idea on DNDN. Yesterday, I was upset that I didn't do it, then glad I didn't do it,...
Spin, I too wrote routines on the Commodore 64, LOL. Not finance related though. I was too poor to afford the 1541 external disk drive, so...
I believe that stands for Short Dated Option. AZD
Xif, Fib beat me to the answer. :) I would suggest taking a good look at some of the 2x and 3x funds, and performing a correlation against...
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