Recent content by svg

You've got it backwards. It's the other way around. Gives HP's huge global salesforce something new to sell to their clients. Regardless, it's a ridiculous waste of money for either company. For a $18 pricetag, one could make somewhat reasonable arguments as to it's value. But at $27 or higher...

1) Time = money. How long will it take to close? Is there a better use of my money? 2) Risk of the deal busting. In this deal, there's also the (very small) possibility that the amount will be less than or greater than $100, depending on what Berkshire stock trades at near the time of...

lmao. No offense to the OP, but that was a very poorly thought out trade. Made no sense whatsoever. Of all the things to buy puts on, BNI at this time should be last on your list. (Had you not noticed how cheap they are? ;) The shareholder's vote will be in January. At that point, *IF* you...

You knew no such thing. "going up that fast". How precise! Clearly we've been looking at the wrong things all these years, fellow traders. All we need to do is find a market that's going up "that fast", which of course would mean that there is a "high probability" we can make money, and voila...

Well, I ended up doing covered writes on BOTH exchanges. As an earlier poster pointed out, the currency could have ended up being a problem, so I decided it wasn't worth the risk. Got a decent fill on M-X. The problem with m-x isn't so much the entry price - you can usually shave a bit off...

I agree. It was late and I should have given that more thought/detail. My apologies. As for the spreads, you're right re: SPX. Again, I was speaking in more general terms as to one method to reduce risk. Most of us know all too well what it's like to get into a trade with the best of...

Excellent advice. I hope OP listens (and disregards some of the other advice). Your spreads are too wide. Narrow them and/or reduce # of contracts. Worth the sleep. Don't overthink it and don't make your position more complicated. Next time, try to be this worried BEFORE putting on the...

Thanks for the replies. I do understand the implications of the trade. Because the options contract would be US for the US-based stock, of course the buyer of the call would be purchasing the stock via the NYSE. I just wasn't sure if it's standard practice for the broker to automatically...

I want to write covered calls on a stock that is listed on both the TSX and NYSE. I would write the US listed calls (tighter spreads and better value) but buy the stock on the TSX because my account is with IB, my cash is in CAD, and I would pay margin interest if I purchased it on the NYSE/US...