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Mr. Troy Kelley wrote:
>
> What a tough game this is.
>
> I went long this morning on an OEX call and lost about 200 buck
>
> Then I went short on a put, caught 2 oex points, and only made 20 bucks.
>
> Slippage and commisions are the curse of us all!
>
> BTW, I need to make sure that my OEX options have a delta of at least 1,
> that was the problem today. 2 points on the OEX translated to 1 on the option
> which was not enough for slippage and commisions. How do I make sure my
> deltas are 1? Black Sholes? I can never figure out the volitility part...
>
> Troy
Troy,
If you traded futures you wouldn't have those problems. As it is,
because the OEX is priced based on what the S&P futures are doing, you
are always two steps behind.
Regards,
Norman
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