I feel like I'm Senior enough, but don't remember Mr. Big?
I assumed thats what it was. It just makes things so much more difficult. I miss the old days when you could call anyone at the CBOE and they...
Slightly off topic, but have you had any issues when you contact the CBOE? Seems your contact was happy to give you information. Whenever I call...
Intersting, thanks for the update. So unless you have a futures account, you won't be able to trade these. And guessing the will be regulated by...
Will be interesting to see how they structure it. Since they have both weekly and monthly futures, which ones will the dailies deliver? If they...
Just put in 100 shares after your post, came back to me at 491% Haven't looked at May options, maybe that's suggesting this high rate is very...
Short rate yesterday for me was quoted at 490%
What I think is really interesting here is they say that "open close data confirms customer side" They say they know the customer sold the...
@ajacobson is one of the reasons I come to ET. I have learned things from him that I never knew and couldn't find anywhere else.
I have to say Quanto, you're a tough one to figure out. You post a great deal here and you seem to get upset when people comment. I tried to...
You still don't seem to understand. You can't let these options exercise automatically and have the OCC handle everything. These are not cash...
Your graph is showing P/L. Based on the prices you typed in you are paying .19 for the butterfly, so if it went out at 10, your P/L would be 10 -...
Being patient and waiting doesn't help. At the close you can't sell the spread for maximum profit and if you wait, you are at risk of not being...
Lets assume you are long the SMCI 860/870/880 call butterfly. With this model and others, it will assume the max profit will occur if SMCI closes...
The problem with this and all other options payoff calculations is they assume when the stock closes at the exact price where a short option is...
NSstrikes stop being served by the market makers Non standard strikes are still quoted by MM's. Customers can also open orders here as well (if...
As a Market Maker, I used to come into the CBOE early Saturday morning after expiration Friday to clear up any outtrades. Was a fun time actually...
I do not know the reasoning. I assumed it was just to speed up the process. Here is a CBOE link explaining the timing of the change, Equity...
Maybe if @rmorse is reading this, he could post Lightspeeds policies on exercises/contrary exercises on expiration day, along with cutoff times.
Exactly correct. Your 50 put would not exercise automatically as it was out of the money, but you could notify your broker to exercise it when...
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