Recent content by SirCurNon

If this was any average priced stock the close would have been $30.03 or $60.06 or $100.10 The posted weekend GOOG bid ask spread is 42 cents. The bid ask spread of IBM is 20 cents. So if the last transaction is a buy or sell would make the difference of an exercise trigger. GOOG last...

The IB rep for poor customer service would nix them for me. Especially the Jun 17 goog 280 Calls fiasco I've read. OX was on the ball stopping the dumb OCC auto exercise. Had I lost a dollar I would be on the horn with lawyers and the SEC but I am hoping someone will explore a Class Action...

Got a dollar on the Sept 12.5 Puts with stock around 12.90. Now a nickel bid and ridiculous ask and I refuse to give back a penny. ;)

Sorry, you are correct re the Screener. What I did ask for was the addition of a delta screen which would greatly reduce the size of my output. They said they would add it their TTD list. That was a year ago. I did ask for the reverse of the Dragon IV/HV screen ( ie High IV & Low IV )...

I agree. I think there may be legal action going on as I am sure this is not the only case of the goog 30cent incident. The OX customer rep I spoke to was well aware of the incident and suggested that they had a "bunch" of customers who would have been exercised had they not acted. IMO the...

vhehn I guess it is okay to change the rules of the game? The above site as well as the CBOE site I previously posted ( and emailed btw ) hold themselves out to the public as experts. Sure they tell you to read the Characteristics ... manual which is like reading IRS Pubs. Note that a 30cent...

I never did have much respect for the CBOE as this is not the first case of misinformation I have encountered on their site. I called OX today and was informed that they (OX) informed the OCC to NOT exercise those goog Calls when goog rose 0.1% or 30cents in afterhours. So no OX customer...

The issue in this thread is auto assignment of ITM long options in an IRA account which by law can not be a margin account because it can not assume any debt whatsoever. Had the customer sufficient cash then no debt would have been created for the purchase of stock. However, long Puts with no...

Would IB have permitted 16 long Put options to expire ITM and Short Sell 1600 shares of GOOG? Do you know the laws regarding IRA accounts? You approve of illegal actions? Wouldn't life be a snap if you could exit a traffic ticket with insults to the law? I should have first suggested a...

I waited until the price dropped to near 12.50 and then sold 12.50 Puts. If you were paying attention and read the SEC filing you would have seen that the planned offering price was 12.50 to 14.50. No decent IPO is underpriced so only fools paid 20 for a company worth 12-15 bucks. I have...

I would put a link to this forum on some of the misc.invest.* News Groups. Use Google.com and click Groups and then enter misc.invest The misc.invest.stock is a relatively active forum. Sounds to me like ET knew they had a problem. One family member has an 85k MM ETbank account that...

OptionsXpress has GTC that is good until canceled and not some arbitrary number of bewitching days. They also have varieties of stops, trailing stops, contigent orders, OCO, etc. A contingent order is an option order triggered by price action of the underlying. One can specify a range of...

As described, IB performed an illegal act by creating debt in an IRA. The FBI is the enforcement branch of the Justice Department. What is so wrong with starting there instead of spending $200+ an hour contacting attorneys. One might try talking to someone of authority at IB for starters but...

There are 2 issues here: 1. A US IRA can never incur a debt nor be permitted to incur a debt The OCC will never automatically assign an ITM option IF the broker so advises. 2. Almost any investment which does not incur a debt or liability can be used for an IRA. Excluded are things like art...

Okay mschey so a French company buys it and sells it to China.