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Friendly Tip The Canadian Dollar is a petro-currency - It follows the price of oil. :)

I would go with the weeklies. Don't pay for time premium you don't need. :)

Can't you add IB as a "payee" in your regular bank account? I'm with TD and BMO and the payee list is very extensive - but I haven't checked to see if IB is included. EDIT: I just checked and both Bank of Montreal and TD bank have INTERACTIVE BROKERS CANADA INC on the payee list. I assume...

I hope not ....... option traders need $500+ stocks such as GOOGL, AMZN, PCLN. :)

Selling options is just as risky as buying options. :)

Speculative is defined as "involving a high risk of loss". Option trading involves a high risk of loss due to its leverage - hence brokers disclaimers warning all potential clients about the risks with options. :)

Option trading is not investing. Option trading is Speculative. :)

With the markets at an all time high memories of March 2000 is coming back to haunt us. This time we will be prepared. :p Unfortunately the reality is that you can't prepare for a market crash. :( :)

The product in question (Monday SPX weekly option) does not trade until tomorrow - August 15, 2016, so any impact they have on the Friday weeklies is unknown at this time. But with a daily volume of almost 1,000,000 contracts I doubt the Friday SPX weeklies will be affected. :)

You obviously didn't have the PCLN shares to deliver, otherwise they wouldn't have closed the position. :)

ET Chat is dead now. It was active when it was added a few months ago but the novelty has worn off. :)

Bricks and Mortar = Boring :)

How does the PDT rule protect anyone? Why is opening and closing a trade in one day considered more risky than holding overnight? Why is a less-than $25,000 account considered more risky than a greater-than $25,000 account? :)

99% of option traders have no intention of trading the underlying. The idea behind an IC is to let the legs expire worthless. Assignment of a ITM option is NOT AN OPTION. :)

Initial credit $30.00 Debit required to close $120.00 - $70.00 = $50.00 PnL minus $20.00 :)

The intrinsic value is $0.15, but the ask is $1.20. You have to close the ITM short option so you are pretty well stuck with the ask. You could try a limit order lower than the ask but your priority is to buy-to-close the ITM option before expiry. :)

Good trade atrp2biz. Short strangles during earnings definitely isn't my cup of tea. TSLA trading flat as of now ($226.24) - very rare to see that for a tech company after earnings. My long 250.00 calls will expire worthless. :)

Today is the big day. Since PCLN reports Thursday before the bell any earnings related trades will have to be opened today. :)

ITM options don't fit in with Covered Calls. CC's are long stock plus OTM calls, you want the OTM calls to expire worthless. :)

TSLA Trade Opened TSLA at $227.71 Bought 1 250.00 August 05 call at $0.85 Email order fill confirmation: Order B574171 Outstanding Quantity: 0 2016-08-02 15:32:43 ET BOUGHT 1 CALL TSLA 2016AUG05 250.00:US at $0.85 USD :)