My main reasons for not opening the bear calls right now is the collapse in vols at the end of the day, and my expectation of a better fill on monday. I might even try to leg in if there is some buying interest monday morning.
what you consider the equivalent spread price in spy for the aug 130/132 call spread... i am trading spy small till i get a feel for it...
Right now the fill for SPY is actually much better than SPX. You'll get 0.50 for the 130/132 as compared to the equivalent of 0.40-0.45 with SPX. The difference makes up for the 10X commiss. The question is about tax. Does the difference cover commiss. and tax?
Wow, must be more bullish than me. I'm not bullish enough to jump on this roller coaster. Good luck with your touch barrier... errr..... I mean "long futures".
IMO, no if you are looking at round-trip: http://www.elitetrader.com/vb/showthread.php?s=&postid=939138#post939138 Summary of differences for other people's reference: http://www.elitetrader.com/vb/showthread.php?s=&postid=1072252#post1072252 And Cache, I saw your post. Not sure why you deleted LOL. I have a no touch at 1290 but the position is minor and semi-auto-hedged. I wouldn't buy a touch - they are too expensive IMO. That's why I sell them instead [EDIT: Went flat on futures, was making a play for the break-through 1280 Cash. Alas, wasn't sustained.] MoMoney.