Watch HowardCohodas Trade Index Options Credit Spreads

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If you buy cthe calls and sell the puts that's just a synthetic long mr riprock... doesn't seem like a play on anything!
 
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maybe I got my strikes mixed up. don't think i did tho. why would you do that for 1m SPY shares? there was alot of slippage 'cos of the trade size (about 50% of daily volume) so why not just buy SPY?

maybe there were other trades going through in other expiries/strikes that I missed as well


ignore me.
 
Nah, if it's a riskie, it's not a synthetic long/short, since it's diff strikes. Wait, it was the same strike... Hmmm, could be a carry/margin-related arb of some sort then.
 
well its notial size is $128m (ish), which is actually quite alot of equity to buy I reckon. so if its a leveraged trade then I think it must be some relative value or something trade cos $128m with leverage must be serious coin.

I dunno maybe someone said to a bank "buy me 1m of SPY" and the bank said "OK" and instead bought the synthetic position straight away and will slowly swap the synthetic contracts for the underlying? so in terms of slippage per notional, options are deeper than the underlying?

i dunno im just guessing about this now.
 
err but the notional size of underlying works out at 2,005 ES futures which is way easier to do prolly get no more than 2 tick slippage even if you just went straight to mkt. (and then try in the EFP market)

so i think Martinghoul is right and it's some fancy clever stuff.
 
If they got rid of howard the lulz/non-lulz ratio would improve.

lulz is basically protest vote.
 
I'm gonna stay out of this topic now as I know and understand absolutely nothing about options so I am in no position to say anything.

Maybe I should sign up to howie's course.
 
DashRiprock said:
If they got rid of howard the lulz/non-lulz ratio would improve.

lulz is basically protest vote.
Click to expand...

This is true. Howie's ignorance, obfuscation, deliberate obtuseness, rudeness and pomposity demand a healthy lulz slap every now and then.
 
brewski1984 said:
I'm gonna stay out of this topic now as I know and understand absolutely nothing about options so I am in no position to say anything.

Maybe I should sign up to howie's course.
Click to expand...

Oh no, absolutely not. Actually, according to Howie, the fact that you know and understand absolutely nothing about options makes you an ideal teacher of the subject.
 
oh ****

I was supposed to meeting peopel now and I got caught up on the lulz

should I a) sneak in late or b) irresponsibly do nothing and do lulz instead

what about escorts?
 
Pazienza said:
LMFCO!

No, of course it isn't.
Click to expand...
Like you have any credibility that anyone would take action on your say-so.

Why would anyone believe you when your chief occupation is making extra work for mods who donate their time by posting trash that you know they will have to delete?
 
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