Amos

@Ordos @Yowster Thanks guys for the replies. You both make interesting points. Yowster I do see what you mean by the higher priced stock as the spreads can be wider for higher priced underlyings. Ordos thats a good point as I didn't think about 1 market maker. Thank you fellas for the replies.

I see a lot on this site and others where people talking about a certain criteria for OI(open Interest) and volume for strikes. My question is why even worry about those 2 metrics if the bid/ask is tight? Now I have seen OI and volume on the low side but with a tight bid/ask spread less than 5 cents. If there is low volume and OI according to those 2 metrics why would the spread be less than 5 cents? Wouldn't that indicate a liquid market?

Thanks Kim.

Anybody can hep it would be appreciated. Not sure what everyone is selecting here. I saw Kim had 2 data packages selected on the previous page besides the waived ones but wasn't able to find but one. Also the fixed or tier. Not sure what everyone is going with and if that has something to do with what I hear all of you doing with SMART routing.

And I do feel you have a legitimate complaint about what happend to you. You were extorted for more money and he banned you. That is terrible and one of the reasons I am hesitant about any paid service in this industry. And diet industry I swear I lost 3000 pounds total in my life but you couldn't tell lol. Again I like this service and have already got my money's worth. I did gain more knowledge and was able to meet good people. Maybe didn't meet some how I envisioned, but we all got to know each other a little better. IF you ever do mentoring program just be sure to allow potential clients to test the waters. Hell, maybe make them join the forum first for a few months then decide. We agree this world is too hard for others especially after they were promised castles made of gold by the many clowns of CNBC .

Well I agree and disagree. A university or high school just does not die leaving the community. With those types of schools you are able to take your credentials with you and continue your education. In Options and in trading general, if a community dies you pissed away 7k in your case. So not only did you get screwed if you paid 7k, you got screwed by a snake-oil salesman and lost your credentials. Sure you may have gained some knowledge but the network is gone and no credentials to bring to another service besides knowledge gained. Then knowledge obtained is a stretch for a lot of these clowns in this service. I can point out 100's of pieces of shit, and yes I am saying that, who rob and steal from people trying to make a living in a world economy that is shrinking due to a massive bubble created by parasitic bankers. The trading world is one of the worse industries on the planet that thrives on individuals with "hope". They didn't coin the terms smart money and dumb money for nothing and throw in retail and institutions as other words. Now is it good value then that is up to you. You do a good deed here by allowing a free trial. That is plenty of time to see if this place is for you. I applaud you for it and which is a reason I am giving this service a fair shake. We will either agree or disagree. That is fine but I have my feelings towards these types of services and it is ok if you have yours. At the end of the day it is my money and it is your money. Some may find value with certain services while others do not. That is quite alright in my book.

Well what gets me I think is the TOS platofrm. The example above is best way to explain. On TOS platform the Gamma shows .08. Now do you read it as .08 dollars or 8 dollars. And I am sure it is $8. So when I moved the decimal places over I saw theta at -71.34. So is it -71.34 dollars or -7134 dollars. See thats what gets me. Why move the decimal for some and not all.

I kind of got confused yesterday with this and was trying to understand the issue at hand. When you say percentage is only meaningful for theta it makes a lot of sense. I will read again the section of the greeks this weekend to see if I am missing something.

here is my screenshot on same thread. I am using firefox.

Another example in picture below. Where are you getting the 2.5% from? This is from article about BIDU http://seekingalpha.com/article/346961-5-ways-to-play-baidu-earnings

In the example below we have current stock price of Amazon at 752.61 and Bidu at 165.63 My question is for each greek how does this look like in dollars and when I see a theta loss in percentage people use? Example: Amazon stock price 752.61 Delta 2.40 Gamma .08 Theta -71.34 Vega 2.72 Would Delta read $2.40 and would the percentage be calculated 2.40/752.61=.003 or .3% ? Another example is Theta loss. Theta is -71.34. Would it read in dollars -71.34 and theta loss percentage be calculated -71.34/752.61=.09 or 9% ?

@SteadyOptions I think USO will work. I noticed a RIC could work because you can keep the bounce under the roof. Now will it be profitable as I am not sure. I just don;t have the experience in options to tweak back and forth. I am trying to figure it out as I go but I may be missing key details due to experience. Thank you too for helping me and looking into the idea. Here is a link for anyone who wants to just check the inventory release time. Just click on the little calendar to customize the past dates and if you want to look at something else you can likely find in this calendar. FOMC meetings is another idea that comes to mind as we see a lot of movement when Yellen and company speak. http://www.investing.com/economic-calendar/

Looked at USO and it does move at the economic weekly event. I figured out how to back-test some of this, but I believe TOS does not show the Greeks. Well I have not figured out how to show the Greeks when i click on-demand. Anyway I checked some of the straddles and they do work and some do not. I don't have enough Options experience to suggest any idea's which is why I am hoping someone can say here is an idea or this is the most retarded idea in the existence of Options trading. Either way I will likely learn a thing or 2. I just entered the straddle 1 hour before the event as I saw IV is different than CL. I also used the current weekly in USO. Again I have no idea if this is a waste of time or not but wanted to share what I have known for a long time is crude oil moves violently during inventory release at 930am central every Wednesday unless holiday.

I am not sure exactly how liquid crude oil options are. I know the futures market is very liquid as you can imagine but on the options side I just do not know for sure. I have looked at USO out of curiosity, but never compared it to the weekly crude oil inventory release. So I need to look if USO moves like CL on this news event.

I tired backtesting this strategy but TOS kept giving me N/A on date in options ,and I may be doing it wrong as I am still learning the platform.. I am not even sure it can work. I was just wanting to share this with all of you who may know if this is a good or bad idea in the option world and if a possibility exists to capitalize upon a weekly event that will always occur.