You can bid and ask on the same option. Market makers, however, can do this on every option. In general, non-market makers are limited as to how...
It is what we call it when a cash player (in this case Kraft) tries to get in the way of a rally in a feeble manner. It is a reference to the...
Blocks and barrels are tight, whey is still over 50 cents and Class IV is over 21 in the front. This is pulling raw milk from the III's. Blocks...
When you are talking about the S&P's options or Euro's a lot of the guys do play for pay. But the majority of us are on our own.
I am not sure what you mean here. Locals almost exclusively trade their own money. Very few money managers work on the floor - at least in the...
One of the biggest differences I have noticed about locals vrs. off the floor guys is that locals seem to be far more sensitive to day-to-day...
Major: I have never considered the ratio you describe. To be candid, I have never even thought about the timing of theta in that way....
I agree with much of what you say here (we it "eating like a bird and crapping like an elephant"). With regard to keeping a position...
I agree that short vol. is not inherently bad. Rather, that if you are not on top of it when the market turns, it chews up your position rather...
The trade is the Dairy options at the CME. A fairly illiquid futures market where volatility isn't usually a very big issue. We kind of drift back...
I am relatively new to this forum and realize that most here believe that trading short vol. is the most reliable way to profit in options. I...
Daddy'sboy: I agree it would be quite impressive if the guys we worked with were profitable within the first sixty days. Sadly, that is not the...
Daddy'sboy: We do it on a rolling 12 months and not on a calendar year basis. The closest we have to someone in the position you describe...
A5: I am not sure this answers your question directly but I can tell you that a rule of thumb we use is to never risk more than 1 months profit...
Major: I, like many in this forum, have read many books on options over the past several years. In my opinion the best author on managing risk...
Bob: When you ask "do we personally know of anyone (ourselves) included who makes consistent MONEY trading options?" I would have to say that...
lindq: I agree that trading options introduces issues that straight futures (or stock) traders don't have to face. However, because you...
pcgeek86: If your broker allows you to sell calls you can certainly sell puts - at least synthetically. (By that I mean that the return curve...
Of course it was a swipe at you. You were being a dick to someone who was simply trying to get information. Trading options is hard and this...
The four Greeks you are most likely to concerned about as a new options trader are delta, gamma, vega and theta. They are inter-related but...
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