Recent content by bthale

Great idea. Thanks

I've looked at several stock screeners but can't seem to find what I want. For instance, I'm looking for stocks that trade in weekly options that have RSI above 70 or below 30 and price over $50. Does anyone have any ideas about what is out there? I tried Power Options but it didn't have what I...

Back in May, I sold some in the money put options on Radio Shack that expire in Oct. If RSH should go bankrupt, are those options exercised or no longer valid and therefore, worthless? My breakeven is $.75

Is this information valid for someone who trades stocks and/or options for a friend? I guess the real question is does one have to be a CTA if he doesn't get anywhere near futures?

So does that mean that the SPX weeklies aren't traded in the open outcry pit? Just monthly and quarterly?

OptionsHouse explained everything this morning, and my confusion was based on SPY being physically settled, meaning I would have all those shares of the ETF if it went ITM after trading and before expiration, which is really 1 1/2 hours after close. Whereas if it was SPX which is cash settled...

After speaking with OptionsHouse this morning, I finally understand what was going on. Indeed, I could have been on the hook for a boatload of money. My confusion was due to the fact there are two settlement types, cash and physical. SPY is physical settlement meaning I take possession of the...

If I was assigned the 195 short calls, then I now am short $12000 worth of SPY ETF. $12000 and NO MORE. That is my TOTAL risk. I can't lose more than $12000, and there is no risk to the broker because my cash on hand is more than 3 times the $12000. If SPY had closed at 195.95 and opened the...

Yeah I know. I made over $200K last year being an idiot.

Correct. It would have been OTM. I guess I just have to call and say my intentions are to let them expire, and I hope that would do it. I was trading SPX but it's much harder to get out on the last day if you need to close or roll over. I've had days when it just wouldn't happen. I think the...

I think I found the answer, "If you do not want to exercise an expiring in-the-money leg of a spread, you must notify OptionsHouse by 3:20 CT on Friday before expiration, by calling the Trade Desk" So I guess I have to call them. I have traded TD Ameritrade for 3 years and never had to call...

Hi, I would like to correspond with any credit spread traders who have accounts with Optionshouse. I would like to hear of your experiences, good or bad. I have been trading with them for about 3 weeks, and I'm confused by some things they have done. Thanks