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I got stopped out yesterday but loaded another 100 FAZ @ 7.68 ; was thinking of dumping them out.

So who is holding FAZ tonight? And what about the weekend? Any strategy for the may-4 announcement?

Do they work?

Wow! Your broker fills at lower than day-low (27.90).

"Pattern day trading" limitation?

FAZ can easily go to 7 if market manipulators decide to push the market up. I always use a very tight stop when adding to loosing position and unload the extra lot with some decent profit. How are you guys playing FAZ/FAS?

What the hell just happened? My stop of 8.15 is still holding but not sure how long it will hold.

By shorting FAS/FAZ, the time decay will work for him :-) This is a well known strategy in highly leveraged ETFs but these shares is tough to borrow and most likely he'll get a cover-call next day (or bit late depending upon broker). Lets go through a simple case - something happened in may-4...

Yeah DOW looks unsustainable at that level and guess the reversal is happening now. I also hold following 2 lots of FAZ 100 FAZ @ 10.55 (impulse buying) 100 FAZ @ 8.40 (loaded today - stop 8.15) I could not stop out my first lot at 10.25 because I already had 2 day trade for that day...

Yeah, that was a perfect sell for today morning. People do short term trading with options and speculate the market with great leverage. But here are few hurdles with this approach * Equity options are also subjected to "Pattern Day Trading" limitations. * A huge bid/ask spread works...

This is a common misconception. Options are lot safer than buying stocks. You can paint your own risk-reward diagram and sleep better. Check attached risk-reward diagram for my complex position. I highly recommend this great book on options. Mark is author of this book and very active on ET...

I can take this question. Most of people avoid options with less than 30 days to expiry because the time decay is more during last 30 days. I bought my combo about 10 days before April expiry, so I picked May. June options did not have enough liquidity (OI) at that time. FAZ MAY 10 CALL...

Gold help us :-) Please check here for my complex position with FAZ. http://www.elitetrader.com/vb/showthread.php?s=&threadid=161626&goto=newpost I'll have a burn if FAZ drops below 7.50 on May-15th. Why are stupids rallying on bad GDP number?

Friends, read following paragraph if your WebTrader is facing frequent logout and you are mad at IB for that. For techie heads: the server side session at IB is locked to a single IP and client will face this frequent logout if their proxy server is load balanced. This is a safety feature to...

Friends, Good news for those who are behind the firewall and want to connect TWS. I was able to connect TWS from behind the firewall using port forwarding feature of SSH. Just establish a SSH to your trusted server outside and make a forwarding rule for L4000=>gwX.ibllc.com:4000 (pick X...

Great :-) Your feedback is very helpful. TWS crashes on my computer at work if I start it along with other apps.

Current value of each legs are as followings FAZ MAY 10 CALL - LONG - 1.12 FAZ MAY 20 CALL - SHORT - 0.18 FAZ MAY 7.5 PUT - SHORT - 0.65 What should I do with these legs for better risk-management? I've attached the risk graph for your quick review. My overall position is near...

I must be a fool for saying that without reading full thread. Your Target & Exit are so precise :-) You are already using it :-) Has someone tried to automate this strategy? It looks like a great money machine if we can program the trade entry trigger. Thanks,

Love your thread :-) So much to learn from your posts. I read in one of your post that you move up stop from -1.0 to 1.0 after reaching 1.75 level. Why not place a trailing stop from there ; may be a 0.25 trail? Also, have you checked the one-cancel-other feature of Scottrade...

Is anyone running IB's TWS on hardware like this? http://www.bestbuy.com/site/olspage.jsp?skuId=9251445&type=product&id=1218068507849 My guess is that hardware should not be a problem. I'm more worried about usability limitation due to small screen i.e. 1024x600. Recommended System...