Replies to post #47639 on S&P 500 & Nasdaq Analysis and Trends

[dr_praeses]

XEO, which I only found recently, is the exact same as the OEX, except it is traded a bit less by pit traders, and it is european style exercise, thus, the options cannot be exercised prior to options expiry...

thus, if i am short calls, as I am, and the go ITM, I don't have to worry about getting assigned, unless it's OE Friday.

That, and, I don't like being taken advantage of by the boys in the CBOE pit. I've been there. I've seen it. They eat 10-lots for breakfast...

[dr_praeses]

covered 1 XEPFB ~XEO Jun710c ~ @ 3.6

out 1 XEPFC ~Jun715c ~ @ 1.75

net debit = 1.85

was getting way too close to my strike on that one