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July contract hit $3.16 today. Reason: low, low LME stocks....now at 159,425 tons. I need to post a chart to see recent price action.

That's great....if you have a $500k account size or greater. Us smaller guys need to be pushed to 5% min.

EXACTLY. This is a strategy/position that must be held thru expiration. Trading it makes no sense.

Substitute trading from home with any of the below: 1) being a successful quarterback in the NFL 2) being a successful neurosurgeon 3) being a successful politician Bottomline: If you don't have the TALENT for what you want to do, IT DOESN'T MATTER....you won't make much money doing it...

Read about Vic Niederhoffer....he was successful for quite a while. He NEVER capped his short options positions....which was usually short puts. Why not use credit spreads instead ? Answer: He was greedy...he wanted that entire premium. He eventually blew up, and one of the reasons was he...

....and that can occur with illiquid stocks or other financial trading instruments..... always insure there is good, not just adequate liquidity.

July has moved up to 3.11 ? Incredible. See previous posts....no logic to this market. Now in "risk-off" mode.

Exactly. Here is the REAL DEAL from professionals: http://www.cboeoptionshub.com/2014/06/16/aapl-trade-idea/ Any positive things about the split? Yes, liquidity, which was great before the split, should be better. Why? Option bid/ask spreads will be narrower and more folk will be trading...

Add to that: GOOG WYNN LVAS BIDU Wait ! Isn't there a free internet-based scanner to determine this list ? I spent 30 minutes on google and found nothing of value !!! Most were fundamentals-based.

1) Please stop drinking when posting 2) Please double-check your spelling 3) who exactly said what ?

We are at the lowest volatility in HISTORY. There is no way that strategy could work in this environment. In a high vol environment, of course it has merit.

Whatever you do, DO NOT purchase: "How we trade options" by Pete and Jon Najarian (as advertised on CNBC) Supposedly free....it cost me $40 because I was duped into purchasing a DVD that I thought was included for free. Bottomline: shipping and handling : $20 extra DVD...

NGLS has much less than 2 million shares traded on average each day. This makes it very illiquid compared to other optionable stocks. What a crazy move last 2 days.....that was a black swan event. Get over it....it happens.

Sky High Inflation NOT POSSIBLE without a commesurate increase in wages. Prices may go up, but that won't last......thus leading to inflationary depression. That's a real likelihood right now.

Indeed....up 2 cents this morning. Must be some short covering.

Just trade RBOB....why mess around with the other marginal symbols ?

Exactly. There can be no inflation with flat-to-falling wages. It just won't persist.

Bounce off of the $3.02 level today....July contract. Shorting can be dangerous at these low levels....that's obvious now.

Nice Handle....thanks for mentioning the above....I need to start posting some charts. BTW:Wow, another 4 cents down today !!!

Indeed - it was also a "head fake". July holding onto $3.09. Draghi's speech effect with positive notes to Euro housing likely to fade eventually. How long before we are at that magical $3.00 level ?