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Interesting how this is up on such a negative day, perhaps on the DNA news. Trajan, I would be interested to know how you are playing this.

Sunnie, That show is actually very entertaining. Especially since you know what the players are holding and get to see how they think about and play each hand. I watched a guy they call "Devil Fish" play the other day and win a cool 500K, not bad work if you can get it.

I have posted this before many moons ago, so forgive the duplication if it seems vaguely familiar. A friend of mine has a business, and his biggest customer was Global Crossing. He also used to employ about 25 independent contractors at any one time. Global Crossing went in to...

This is probably old hat to many, but the notion of selling some long assets and replacing them with calls seems to make sense at this juncture. That way if we get another upside pop you get to play, but if not you have less toys in the sandbox.

Everyone wishes they had Nitro's cash, in fact at one time it probably was their cash and Nitro took it from them in the markets. LOL Trajan, Have you ever done any sort of testing of this? For instance, there are about 25 give or take small companies (low share price) that are...

Chris, yeah 5k open interest is not too bad if it is not one or two blocks. And if the same 100 or so contracts is trading each day next week. It may be interesting to sell both the june 5 call and put and hedge with the 7.5 call and 2.5 put. I think this is called a butterfly or a pegasus...

i stay away from the smaller stocks in general, poor liquidity, especially in the options is one of the bigger reasons. I have charted some of the stuff on CC when volatility gets high, but most of the charts are pretty scary to try and grab a 10% premium. You may have 20 or so stocks when...

Way back when there were a few option screeners on the web that would let you screen for free. And of course a handful of pay sites. I used to screen for contracts trading on increased volume which gave some interesting leads. I guess the question would be what are you trying to accomplish...

Chris, Try this free site http://www.coveredcalls.com/ In theory the stocks they have with the high premium have the highest volatility. In posting this though, for you and others I would say be careful with some of the hype and pick your spots. Regards

AAA, Once again a good point on the option market makers. A retail trader can not sit on the bid and ask at the same time. Even if he has married or covered positions. Hardly what I would consider progressive market conditions.

That's right AAA, maybe we could go back to just MA BELL and .25 per minute for calls, Wal-Mart could no longer compete with Target, and K-Mart could come back and merge with Corvettes. And none of this 0% financing, all auto dealers would keep the same 7% rate. Competition is terrible for...

Let me see, ISLD has better executions than NYSE or AMEX. ISE is better than CBOE, PHLX. So what does the great capitalist system do, screw the small business person if favor of protecting large monopolies. Maybe we could review regulation FD and the rules on insider trading and...

Seems just like the nonsense with taking the ETFs off of Island because the poor piggies at Amex were losing market share. This whole thing could be handled electronically, but I guess just like always big business needs to be sheltered from small capitalists.

I wonder if our "leaders" would be a little more in touch with reality if the Alcohol and Tobacco Lobby weren't filling pockets in Washington. Oh what am I saying. http://www.commoncause.org/publications/booze4.htm http://www.cspinet.org/booze/bzn_0898/massing.htm

I picked up a book this weekend called "Telling Lies and Getting Paid" by Michael Konik. It is a compilation of various gambling stories and sort of a fun read. He also wrote "The Man with 100K Breasts" which was pretty good. Anyhow, he does mention a few books on poker. Winning Poker...

Here are a few interesting links. Doing a Key Word search for "Income Tax Reform" can bring some interesting albeit disturbing reading. Some of it needs to be taken with a grain of salt as there is the chance that the writer has a hidden agenda. But if you read enough you realize there are...