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This quote is dead on. I would just like to add... take it from my experience... there are a LOT of ways to lose money trading options. If you want to dabble make sure you dabble small. (Experience is the best teacher, but it can cause a lot of losses) Also, until you know it's possible to...

lmao :D

I would love to see some actual verifiable documentation on this.

Exactly how cheap are these lotto tickets at end of business on Thursday prior to expiry?

Someone else bought your contract thinking that the price of the commodity would go up. :)~ It really depends on how the futures contract is settled. Some require delivery others don't. Read up on it. Check the exchange for a contract you want to trade; there will be more than enough...

that if you want to short this thing you should consider a spread of some sort. The implied premium on the puts is really high right now... For example, the stock went down 1.30 yesterday and the otm puts lost value to broke even. just my 2 cents

Yep... gotta be a jack hershey type... congrats you've made the ignore list. Also, while I may sound like I don't appreciate this posting, the opposite is true. It's nice to know that I'm not the stupidest person trading... which is sometimes how I feel.

ok.. 1) RTFM 2) You're whining about $2.40? Seriously? In my book when I make it all day and only have to pay $2.40 to the cheating, lying, bastards that run the options exchanges it's a good day. 3) Yes the order cancellation fee is a rip off. But it's not IB it's the exchanges... and...

yes you are correct. But the truth of trading is that for a trade to be worthwhile it must move in a reasonable/expected amount of time. Otherwise, you would have lost money you could have made on other opportunities. My point is particularly important when you consider a dated contract...

The way I see it is that if you make directional predictions then you have a 33% of being correct and 66% of being wrong. This is particularly important when trading options. 1/3 the price stays the same, 1/3 the price goes up, 1/3 the price goes down.... just my 2 cents

.. thanks for the info.. I've got to remember that Expirations on these futures contracts are a month earlier than I am used to with index/stock options... anyone else have any idea where I can get spread data?

Alright I was looking at this same thing recently. I really don't understand how & why the spread acts the way it does. Today for example, in the middle of the morning MAY 07 CRUDE(CL) was down roughly 1 pt while DEC 07 CRUDE(CL) was +5-10 ticks. As I type this those same contracts...

I just gotta say.. your bosses sound like a bunch of jack asses. It's a pain in the ass to not be able to get your own money when you need it, but for them to blame it on you is a bit ridiculous. Now, it's a different story if you were to go through this experience and not put any...

good idea... will try

Ok. I would just like to throw out a question for those of you who are experienced in futures & futures options SPAN requirements. At this point I'm too cheap to spend the money on a SPAN calculator.... Basically, I'm just trying to figure out what the SPAN Margin requirements would be...

Personally I'd love to see this thing sell off like crazy... but.. that's just cus I'm a piker. The market stalling here is a good sign for bulls not a negative sign. In fact, it should meander a bit here if it wants to continue higher without getting slammed.

uh.. sure.. .100% uproom ... I'm sooooo much more confident now that the Asian markets have regained much less than half of what they gave up yesterday. :p

This post is exactly right. I tried to indicate the same thing in my previous post. The detach page button is annoying, BUT it's not the main problem. When you click on a tab 1/8 of the time you get a page you didn't click on. Usually I only get this problem when FIRST switching focus back to...

This is interesting news to me.. I'm just a small time futures trader... but as you said.. with all of the volume lately and alleged 'system glitches' a major infrastructure upgrade seems .... odd. do you have any links to information about this? I don't see anything readily apparent on the...

anything's possible. Heck it could be trading at 50 cents monday... but don't you think it wise to consider other possible support/resistance levels first?