I'm surprised no one has mentioned this yet. Not only is SPX more liquid at larger sizes, but the tick increments are .10 in spreads above 5.00,...
So, to recap: you're angry they sold your options for .02, because selling for .02 is better than a DNE, yet you wanted to have them marked DNE so...
You realize that even for ITM options, there are plenty of times shortly before expiration where there is no bid for the system to hit, right? And...
If there is more delta being traded than is available on the bid (or offer), then yes, it can move the underlying market. In the case of option...
If he's trading KOSPI, he'll be trading on the screens. It's a different style of market than the US equity option market, so perhaps they're not...
Keep in mind this is just for proprietary CBOE products, not equity options in general. The latter would require a much larger market-wide reform...
For the purposes of SOM under SPAN, there is no such thing as a spread. Each short leg is margined without regard for any longs in the account....
I'm aware they're cash settled, which is why treating the VIX as a "commodity" makes no sense. However, if people are being told that VIX is being...
Draw a payoff diagram for each option, assuming HLF is trading around 60 like it is in your picture. You will find the answer.
Fairly sure you're running into the issue of Short Option Minimum in SPAN. From the CME's website: Your scan risk would be equal to the cost...
Priority only exists if a customer order is on the BBO; if the price is improved in an auction and there is no customer interest at that level,...
Everything (SPX, SPXW, SPXQ) is traded in open outcry. The differences lie in how electronic orders are handled.
Priority for customers exists in all option classes, so you will cut ahead of everyone else except other customers.
She's back at it in the VIX, selling the Nov 24 calls hand over fist.
Ironically, the SPX is on the Hybrid 3.0 system, while everything else remains on Hybrid 2.0. The good news is that later this summer, CBOE...
I have not heard her name mentioned before either, but the way the trades were executed today (on the screens, as opposed to by a broker in the...
Word on the street is that she was the one selling all the Oct calls in the VIX today.
And why ITM options?
Sorry, was posting from my phone, majority of the post wasn't directed at you :cool:
That's not outside the box, that's common. Large, pre-arranged orders made through a broker will come bundled with stock to remove the delta risk,...
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