Wow, don't remember seeing them that fat in a long time... Almost $19 for next weeks 1295 S&P 500 put...wow...
Yeah, it's very fat. 57 mid for the Aug monthly. Looks so good that I just shorted the 1300 straddle outright. Thanks.
atticus, cant tell if you are being sarcastic. Did you really go into this weekend with a short straddle?
i'm looking for no deal monday am for more inflated options......although, i have sold some dec 1125 and below puts.
atticus, could you translate this? English is not the first language for many of us here. the way i understood it, and please correct me: you went Long (?) 5x SPX straddles expiring Aug 11 2011 (?) (European style). which strike, 1295? for 1295 I have the following closing prices that match your quote. Put 27.30 Call 30.43 The position cost is $57x5x100 = $28.5K. It is not straddle per se, but a combination of call/put/underlying (i.e. "synthetic")
looks like senate and house are rejecting each other party's bill lol. Next week's setup for the market will be interesting. 0 chance US will default either way but the market may not care. I long 20x sds aug 21-22 strangle in my 401k at $2.3
Do you have a plan for hedging? I'm assuming you mean you shorted 2x on the put side.. if something messed up happens/had happened were you just going to eat the loss?