Hey!!! Someone deleted the funny posts about homosexuality and Dianetics! What gives??
GATrader, What do you mean by "if u buy an extra wing, you have the early participation as it moves to sweet spot"? Thanks! Andy
Riskarb, Thank you for your contribution to this board -- they are quite educational (and thanks Coach for occasionally translating...
I can't put my finger on it but I'm expecting a mini rally next week.... We've been correcting-by-time healthily for a few days now without any...
Coach, Thanks for the translation. So in your example, 1220 to 1300 is the MM's expected distribution of pricing over the life of the straddle --...
Anyone interested in a speculative DEC 1250/1265/1280 (or thereabouts) fly?
Cody, Great point about the hedge (the purchase part) of a 25-point spread not being super effective. I wonder if that can be fixed by...
Wouldn't a 5 pointer be a much quicker death than a 15 pointer? Speaking of which, I'm checking out some 25 pointers for Jan. Coach, you ever...
1236? Um, I think your 1280 strike is causing some wishful thinking.....
Any other funds or fund managers besides Yu-Dee Chang, Ansbacher, Oxeye and Welton selling option premium? Any insight on how they use futures...
Coach, With the market so extended, possibly close to the peak of it's cycle, and likely to reverse on Jan 1 (see last years chart after a bull...
It's 9.75% right now...
rdemyan, I'm not answering for coach but whatever you end up doing should be based on your belief of what the market will do. In the next...
I just checked front-month (dec) ATM vol and it is indeed 7.5%. How do you know that is 40% below model fair value (which puts fair value at 12.5)?
ENCORE!
Yes, yes, yes,.... I should have stated that you'd have to move to options on SP instead of SPX (same mechanics) so you could use SPAN margin --...
Coach, I'm curious, why don't you just sell naked options? You'd be able to go MUCH further OTM. I know, I know, "unlimited risk"... but right...
Hey Coach, Question for ya... Say the market did rally suddenly and you had to roll out your 1285 strike (or close the spread). Would you...
1205/1220 put spread for $1.15 is looking attractive (of course, AFTER the pullback ends and the rally resumes so as not to get in the way of a...
Coach, I guess the last hour has a lot to do with this, but if this is the beginning of the much anticipated pullback, the pullback is likely...
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