Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (708)	12/6/2002 6:04:23 PM
From: jt101	Read Replies (1) \| Respond to of 1064

Dan, Are you suggesting, I have the following open positions : short ES, short ES puts and long OEX calls? Since ES options are on Globex, I am beginning to like ES options, as there is no MM involved compared to OEX. Also, correct me if I am wrong, in IB the value of ES options is shown at 50 times, as compared to 100 times in equity/index options. Suppose I short ES870 put at $8/-, the value is shown as -400$, not -800$. That is the reason for 1:2 ration. (may be because ES is 50 times the price...) It was something new to me... Another idea I have is, say if ES runs to 950, is there a need to close my DEC870 puts? Let them expire worthless, as only two weeks are left, not decided yet?? Thanks again for your opinion...