Here's one: 14-JUN-2001 O GLWRC GLW JUN01 15 P CBOE 10 0.1000 -100.00 15-JUN-2001 C GLWRC GLW JUN01 15 P PHLX -10 0.5500 550.00 IIRC, GLW tanked on the 14th and I felt it could keep on going.
"Selling premium is like picking up nickels in front of a steamroller" Joe Ritchie CRT (The world's dominant option's MM's during the 80's)
Theres no way I could do this that close to expiry HOWEVER This is an EASY way to make a constant income for almost anyone. As long as you don't over leverage. I sold all I could last friday and monday, one of those times when you KNOW your RIGHT and want something to show. Its still possible there will be another chance with the NQ this week.
The "max pain" theory is max BS. If you do the math, it makes sense that most options outstanding are at strikes nearest the price...a self-fulfilling prophecy. This was created to sell books and online services. With so many so gullible, it pains me to think I have failed to create a "theory" that I could make a few bucks from.