Expirationless Options (XPOs)- The Next Big Thing

STOCKTALK

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Strategies & Market Trends
Expirationless Options (XPOs)- The Next Big Thing

An SI Board Since June 2005

Posts	SubjectMarks	Bans	Symbol
60	7	0	XPO

Emcee: Tech Master	Type: Unmoderated

Introduction Market Data Compact

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Reply	Message Preview	From	Recs	Posted
35	No, I just thought more bang for less margin, since I am assuming that you would	VLD3	-	7/9/2005
34	The question is "what does the $50 strike sell for when the underlying is a	VLD3	-	7/9/2005
33	Does bring up a good point though - the margin requirement for a short call opti	VLD3	-	7/9/2005
32	So the IRS is going to rewrite Section 1032? Sorry pal, they have already tried	VLD3	-	7/9/2005
31	When the underlying is $50, the $50 strike will sell for (eg 40% for easy math)	Win-Lose-Draw	-	7/8/2005
30	<i>"So if the XPO sells for a significant percentage of the underlyin	Tech Master	-	7/8/2005
29	<i>...they have to be cleared by the OCC...</i> And to be cleared t	Win-Lose-Draw	-	7/8/2005
28	Good point about the strike prices not moving in lockstep without creating arbit	Tech Master	-	7/8/2005
27	Don't agree on the buy vs sell - if they are on the PHLX, they have to be cl	VLD3	-	7/8/2005
26	If this option moves in "lockstep", then the strike prices would be re	VLD3	-	7/8/2005
25	I was going to put up a range in my previous message but pegged it for simplicit	Tech Master	-	7/8/2005
24	<i>I'm not convinced of that...</i> Sure you are: your statemen	Win-Lose-Draw	-	7/8/2005
23	You're assuming that it will trade lock-step. I'm not convinced of that	Tech Master	-	7/8/2005
22	It's not a "Bad" idea - it's irrelevant - because when you sel	Win-Lose-Draw	-	7/8/2005
21	Perpetuals have been around for decades, if there were patents to infringe I'	Win-Lose-Draw	-	7/8/2005
20	Using your argument, saving 45% by owning the XPO instead of the underying stock	Tech Master	-	7/8/2005
19	Is the Options Clearing Corp. solid enough for you? I'd guess that the requi	Tech Master	-	7/8/2005
18	<i>XPOs will always trade at a fraction of the cost of the underlying asse	Win-Lose-Draw	-	7/8/2005
17	I consider it a stock alternative!	Tech Master	-	7/8/2005
16	<i>Black-Scholes won't work....</i> Black-Scholes is neither he	Win-Lose-Draw	-	7/8/2005
15	It sounds actually a bit like convertible stock.	Moominoid	-	7/8/2005
14	The paper describes why XPOs cannot be priced as the same price as the underlyin	Tech Master	-	7/8/2005
13	Pricing XPOs will require a rethink from using traditional options pricing. I	Tech Master	-	7/8/2005
12	I read their "zero cost paradox" explanation for why these should be p	Win-Lose-Draw	-	7/8/2005
11	In Australia a warrant is exchanged on the main board of the exchange alongside	Moominoid	-	7/8/2005

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