[quote=A b] surprise div. worry is retarded.   

 if u can net 4% with comm and snake pit option spreads etc its neat.  Like every thing else in our biz, you got to get people to do it.    prospects would have to be real players to grasp it.  so many moving parts.  seems like it would take a hell of a lot of work to build up a good biz with it BUT sounds like u have a passion for it.    Its certainly unique  [/quote]   May be retarded BUT it does happen.   "snake pit option spreads"? actually it's called a reverse conversion. I'll bet your BD does them for you then sells them in strips just like the "structured product" that's nothing more than an over-wright.   If you show a guy that has some serious mulla that you can bring in hedged returns like that it's a no brainer. It makes the other broker look lazy. As for work ... I've automated the entire process. I can easily monitor hundreds of positions. My software only alerts me to positions that are out of tolerance for maintenance or to simply close out early with a profit.   Luckily I've been able to land some trusts, foundations & an endowments that allow me to show all involved what I can do. The referrals have been coming in very nicely.      

[quote=Gaddock][quote=A b] surprise div. worry is retarded.   

 if u can net 4% with comm and snake pit option spreads etc its neat.  Like every thing else in our biz, you got to get people to do it.    prospects would have to be real players to grasp it.  so many moving parts.  seems like it would take a hell of a lot of work to build up a good biz with it BUT sounds like u have a passion for it.    Its certainly unique  [/quote]   May be retarded BUT it does happen.   "snake pit option spreads"? actually it's called a reverse conversion. I'll bet your BD does them for you then sells them in strips just like the "structured product" that's nothing more than an over-wright.   If you show a guy that has some serious mulla that you can bring in hedged returns like that it's a no brainer. It makes the other broker look lazy. As for work ... I've automated the entire process. I can easily monitor hundreds of positions. My software only alerts me to positions that are out of tolerance for maintenance or to simply close out early with a profit.   Luckily I've been able to land some trusts, foundations & an endowments that allow me to show all involved what I can do. The referrals have been coming in very nicely.      [/quote]   And this is all done on a non-discretionary basis?

[quote=Wet_Blanket] 

And this is all done on a non-discretionary basis?[/quote]   That is correct.

[quote=Gaddock][quote=Wet_Blanket] 

And this is all done on a non-discretionary basis?[/quote]   That is correct. [/quote]   Dear lord...when do you sleep?  Or, are you just picky and have a handful of large accounts?

[quote=Wet_Blanket][quote=Gaddock][quote=Wet_Blanket] 

And this is all done on a non-discretionary basis?[/quote]   That is correct. [/quote]   Dear lord...when do you sleep?  Or, are you just picky and have a handful of large accounts?[/quote]   Put it this way ... I'm always on th phone and I'm going to start implementing minimums for these kinds of trades. Cant really do it on small accounts anyway. My two largest accounts trade in blocks most of the time.

go for it.  

ur margin pages had to look like a sceince project gone bad during oct nov 08 melt and feb mar of this year.  short puts at 30-40-50?  I bet margin geeks love u

Actually I was assigned an assistant manager who knows all about options LOL. The other folks were pretty clueless.

During the meltdown i was going short and selling calls. Most of the put selling was rolling out of positions.