I entirely agree, but the assignment issue is something I wasn't really taking into account. Ouch. That hurts to just think about. Mainly just going by Cottle's simple equation: +U -C = -P Great example though. Still learning. Thanks.
I assume you are referring to the Optionetics boards lol. Well they focus so much just on Optionetics so I kind of faded out .
Prediction for a mild SET given futures this morning....Looks like we all escape MAR healthy wealth and wise ... A nice down day would be.... well nice so I can pull a Cramer and back the truck up for some put spreads. 1220 or 1230 would be my starting point.
hi guys hope you are all doing well.I just found out from my broker that SPX and RUT expired on march 16th, 4:15 pm. I thought it was today. do you guys know this?. Is it every 3rd thursday or friday?. thanks
Well I do hope this was an educational question and you were not in any positions in SPX or RUT. YOu must always be fully familiair with any product that you trade. Now SPX and some other European index options stop trading on the Thursday before expiration and have their settlement values established at the open of all index components on Friday morning. You can go to the CBOE website and read about settlement under the index products by clicking on SPX and reading about SET and when the options stop trading. Expiration is still the same, it is just different as to when they stop trading.
still catching up...thanks Chris..BTW Cache I think its still to early to think about adjusting April calls unless you are within the 15 pt parameters...you could very well get whipsawed with so much time left. The 10 day oscillators look like we will be overbought early next week and the 30 day overbought late next week...so I'm waiting until either 1325 gets breached or see if we don't go down in the next 10 days...whichever comes first!
I agree, but I am getting kind of close on one position as a result of a roll last month that I played too close. I'm going from a significantly bearish opinion to one that is much more bullish though. But the bullish move might not continue without a bit of a retracement.
Donna, I believe you're short the APR 1335c right? I'm in the same position (if so) ... Today, mY Full stochastics chart looks like it has peaked (strong buy) and may be turning over for a run down. Let's hope so. I may need Coach's hedging advice on my Calls this month!
I'd like to see a retracement to ease some pressure on my 1345/1355 call spread and allow me to get more premium for a put spread. Still looks like another up day today but it is quadruple witching so lots of weird things can happen. ryan