Thank you RR, very good info. I will get with IB in the morning, i just pulled up the option chains for ES and they are there, so we will see. EF
YOu guys selling premium this week, on weekly or next expiry.?? this half week and the riots in Cairo has everything on hold. Good time to sell some calls, spreads etc... IMHO. EF
exactly... .see the big boys are in silent agreement... lets take this week as a hiatus. it will go nowhere... so FRIDAY they will pin it around what ever it is hovering..... sell sell sell.. - but as in my other post... premiums have dwindled.. lol....
I'm a bit skiddish. For this week I currently have a 1615 short straddle on with a long 1620 call and trading the cash short (selling around 1610 and buying back around 1605-1600). I did short next weeks 1625 call on when we were trading around in the high teens...but waiting to see how this week pans out before selling next weeks short put. I may just let the short straddle expire if we are close to 1615 on Fri. Egypt is just an excuse (imo) to sell. Holiday weeks are very typically low volume with volatility but I'm betting on a pretty flat week at the end of Friday's trade. If we do go down it will be more likely next week with the earnings and/or other economic macro factors.
Little bit of an up move. tomorrows decay going into friday should take care of that. Small range friday, i think. sold calls on spy, bear vertical calls on qqq the proverbial shit is about to hit the fan over there. http://www.cnbc.com/id/100863302 EF