http://twitter.com/hamzeianalytics - In this 2nd webinar, The Admiral, a former CBOE Designated Primary Market Maker, teaches Vertical Option Spreads and a vertical option spread combination called Option Box Spreads. In this Q&A excerpt after the lesson, the Admiral does some examples and clarifies what Option Box Spreads are and how they're used.
The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry wayâmeaning he opened each option strike price for each of these stocks ...
