With the following knowns: SPY share price effectively at $116.30 1 day to expiration The 117 call was $1.91 For a broad market index...
When the VIX hit 42 I plugged my nose and sold (to close) SPY puts and bought OCT OTM calls. Certainly not an all or nothing bet though.
I was a mortgage officer at that time LOL. Had my own approval limits. Then became a real estate appraiser :D
This is by far, the longest week I can EVER remember.
Here's a perfect example of perhaps the futility of trying to figure if options are expensive. The previous post indicated a very expensive SPY...
An older article from The Onion: http://www.theonion.com/content/node/55941
They are thinking of canceling Whopper Wednesday.
Wow. With the SPY at $117.00 at 1:44 PM, a 117 call expiring TOMORROW is $1.91. Wow. That's some serious IV. btw, had to sell a couple puts...
Get real. God is dead.
Ditto
I gave that consideration, but the SPY had a 117 handle earlier in the day, and I think it is more likely the market moves up than revisit the...
You got some fucked up math. There's not a trillion $ of equity there.
Considering the market cap of AIG was $188B a year ago thats really not a bad deal! Now truly a PUBLIC company.
Here's my opinion why the SPY will close higher than 121.00 (it's current price as of Tues 3:47) At that time when the stock was at 121.00 the...
Well for one thing, protection from plunges could be small support for the existence of the PPT. If the dow closes >+100 tomorrow, then I will...
It's a sentiment indicator and contrarian at that.
Shoulda sold those calls coach :D I don't think too many are treating these as momentary drops. There is a survivorship bias going on. Those...
ROFLMAO
McMillan on Options is useful.
Jaw dropping. $40B bridge loan. It's gonna be a long night watching this game. Get the coffee on. Exciting!
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