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Where do you get this info? As per this, regardless of what exchange your order was placed on, you will never be charged more than $1.50 per order cancellation/modification: http://www.interactivebrokers.com/en/accounts/fees/otherFees.php?ib_entity=llc These fees can be partially offset by...

Are you saying you have $1M sitting in your account in case of option assignment? Guess you've already been asked this question.

Given the extreme volatility of the sector and the insanely depressed stock prices, which shipper do you think is the best choice to own, as BDI recovers? I'm currently long on EXM, but also watching DRYS, EGLE, DSX closely.

Use TradeLog (http://www.armencomp.com/tradelog) to do your trading taxes. There is no viable alternative, IMHO.

Ouch, that hurts - especially in the hindsight. Quadruple top appears in place on the daily. Further downside all but guaranteed.

Are these naked? If so, I salute your confidence and the sizes of your balls, as well as your account! :D

LOL... now I'm being accused of claiming clairvoyance - this is just too good. GE dipped below $6 today, and I was actually pleading with you, spindr0, to approve of my advice??? Oh, please pat me on the back, master - I beg of you! Oh no, OP didn't make a bad trade - he only lost about 2/3...

OMG, are you guys serious? :D Do you always take every question literally? Can you possibly fathom the whole reason for him playing with credit spreads is mitigating the huge loss in the underlying? I merely suggested an alternative approach to dealing with the same issue - does this make my...

So what you're saying is - even though the OP could have saved a few thousand dollars by taking my advice, it was irrelevant to his situation, nor helpful in any way? Wow, some people just never give credit when due no matter how obvious it is. But hey - at least you schooled him on what a...

And the best advice award in this thread goes to... (drum roll) ME! I know you have a cash account, prc, but man - how much of this brutality can you possibly take?

The short answer is - scarcity. A finite, relatively hard to obtain natural resource would be a decent candidate to be a symbol of exclusivity and wealth, plus it's shiny and pretty (to some, anyway). So people picked gold. Some cultures actually preferred seashells or other crap like that...

I am constantly amazed by how many people here choose to pick a fight over the dumbest shit. Okay, you got me there - IB would charge $25 for this roundtrip trade, and $150 would be reduced to $125. Yes, one could have bought it at $0.02, if not Monday, then Friday for sure. Your point???

Your comments are laughable. 1. Yes, you could have executed at those prices - just look at Monday's range for the contract. 2. I would define lousy money management as incurring 50% unrealized loss in the first place. A tiny fraction of that recovered by some "clever" spread writing...

Actually, I did understand his question. He believes GE has the capacity of recovering up to and beyond his entry point long-term, but wants to generate income while it is in the doldrums, hence the whole spread/call writing game. Therein lies the problem. Why not just get out of his long...

WTF are you even talking about? His net credit from the 8/9 bear spread is $0.52 per share, whilst the unrealized loss on the long underlying is $6.50. How does this help his situation??? Even if he could buy 145 extra shares of GE with the spread credit (which I highly doubt), what would happen...

Yeah, that would be their search by "% Return" in the bull put credit spread search. Unfortunately, it is broken because that's defined as total premium / total risk or margin. If you run the search with this value set to >= 95%, it will flag a spread with $2 strike interval and $1.9 credit as a...

Right. Except that you are also short $8 calls which at that point are worth $5 bringing you to 0.48x2400 in unrealized loss. Also, it is highly unlikely your broker will allow you to use the spread premium to buy more stock, i.e. it will sit in your short account. I think you are confused...

With the market experiencing extreme volatility as of late, I am considering taking a long(ish) break from high risk trading such as FX and futures, and putting all discretionary cash into 0-to-low risk option spreads, and zooming out my holding time frame. For instance, C is currently trading @...

Uh, no - I never said I was looking for $400. You remind me of the apocalyptic "prophets" who have been screaming "buy gold, sell dollar" for fucking years now. Well, gee - now you got a few more ignorant idiots on your side and you guys have pushed this fad up to $1K. Whooptie-doo. Why...

LOL, no it wasn't $1K but it was enough to make some decent green, as I added more at $990. That wasn't my point though; when someone's right, the least you can do is acknowledge it, and the right thing to do is apologize for being an ass. As for my target, well I see it fall back under $900...