Recent content by bubba1

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    Margin on naked short options . . .

    I have accounts at both Fidelity and Interactive. It appears to me that the margin requirements of the two are very different. Fidelity's are spelled out as the higher of (a)25% of the stock price minus any OTM amount plus the premium or (b) 15% of the strike price plus the premium...
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    BBD "adjusted" options . . .

    There are some options on BBD (Banco Bradesco ADRs) that I'd like some opinions on. First off, BBD is excellent/well run Brasilian bank with no toxic assets and, in my mind, the only real risk in being long it is the real/usd risk. But I digress. There are regular F2010 $12.5 calls and...
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    Does anybody trade FCOJ on ICE?

    What brix do you use to convert the ss product you buy in the High Street shops to lbs solid? And how do you handle the quid/usd x-r?
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    What car to buy

    1974 Jaguar XKE Convertible The E-type Jaguar is the epitome of British craftsmanship, performance and beauty. It has long been held in high collector status with the likes of Ferraris and other marques many times more expensive. This is a tooth and nail restoration of an original low mileage...
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    Does anybody trade FCOJ on ICE?

    I just wonder what success (or otherwise) people have had . . .
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    What car to buy

    A 2000 model SL600 Mercedes. Nifty V12 with hardtop and ragtop. A 1965 Austin Healey J8 Mark III -- truly a classic. Ragtop. A 1974 Jaguar XKE -- V12, stick shift, convertible/hardtop If you are interested, e-mail me for prices.
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    What is best strategy when long OTM puts go deeply in money?

    I ended up doing it in thirds -- bought one unit of SPY, sold one unit of 105 puts and one unit of 115 puts . . . .
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    Sell Puts

    First -- make a list of stocks you'd like to own if they got real cheap. Then put "silly stupid" GTC orders in. I managed to sell F10 HIG $5 puts for $2.50 that way. And F10 XOM $55 puts for over $12.
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    Volatility implosion. So whats the outlook

    And it "used" to be that a 2+% daily move made headlines . . . maybe little headlines, but headlines. I've been selling long dated puts on stuff I'd like to own, mostly the January 2010 expiration. I figured that if I took today's stock (underlying) price, picked a strike just below...
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    What is best strategy when long OTM puts go deeply in money?

    If it was a snake it would have bit me -- it's the obvious solution and I ought have thought of it myself. Thank you. Would it be right (smart) to sell the call as well? And then just hold it to expiration? One question -- if it turns out that there is a pin at expiration, how much will...
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    Getting short the long bond . . .

    What is the best vehicle to use to get short the long bond?
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