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You should do some more research before you actually start trading any options. Almost ALL options that are ITM at expiration will be exercised. Once the option is ITM the call holder has some profit in it and probably will not walk away from it. Now ... as you have heard already, most options...

Correct me if i am wrong someone...but most or all of the lfc options will become non standard options eg; the 100 calls would be now a 37 1/2call and would be for 266 shares instead of 100 . They will later issue more options which will be standard options like 50 calls etc.

Completed the 2:1 split this morning (actualy was 2.6666:1), along with the change in the option symbol to TRL. So far unable to find any quotes for the options today at all.

No LEAPS on this stock. That is as far out as I can get for a calendar spread play (higher delta). May buy some Deep ITM calls and sell some near term OTM / ATMs off of it. This will no doubt pull back after the split tomorrow, but the underlying stock has sustained growth over the past...

2:1 stock split on Friday before the open. (did not catch that before I posted the orginal message) This stock has had a steady uptrend in the past year, along with the major run up right after the split announcement. I am going to be watching this one after the split to see if it continues...

Anyone else looking at this? Took off like a rocket the past week or so. Up about 40% in 8 days. Options are overly priced and could be a candidate for a Bear Call Spread (150-155 range). Stock currently trading @ 139.48, with the 150 calls @ around 4.30. With such a fast run up to a...

Elite Trader...Of course... I just started reading what everyone else was doing and adjusted my strategy to fit. ...also years of following the markets, and learning from my mistakes (most of the time).

Update... I bailed out of this on Thursday before I had to leave town. BTC @ .85...approx.$1400 loss after the commissions. I still have my long "2.5 puts" that I have an order to close on... I actually just gave back the gains that I made previously on the Dec options. I'm not going to wait...

Back in town and finally have internet service again. I bailed out of this on Thursday before I had to leave town. BTC @ .85...$1400 loss after the commissions. I still have my long "2.5 puts"... I actually just gave back the gains that I made previously on the Dec options. Not going to wait...

NFLDs new release was out...but very questionable data. Either way the stock got whacked to the levels I was looking for. I entered another Bull Put Credit spread on the wounded stock. This may just be a short term play, but I will take what it gives me..Looking for a rebound in the $6-$8...

I opened a bull put spread today.... Yeah ..everyone will start telling me all the downside of it, but there is not much downside left. Open up with BTO 50 Jan 2.5 puts for .05 (-$250 plus commision). I waited for the low this morning of 4.75 then STO 50 Jan 5 puts for .60 ($3000 credit). If...

I hear ya too... I going to wait this one out for a while to decide "IF" I am willing to try it again. I would need a good pull back first to bring the put options price back up a little.

Well another expiration date..another nice premium in my pocket. NFLD made it thru the expiration period without any announcement about it's study that was to be released this month.... (hmmm.. I wonder what they are waiting for?) Closed @ 14.79. That is well above my Bull Put Credit Spread...

You did a "SHORT"...and were lucky. Double check you orders before you confirm them. I made a mistake a couple months ago, but it was fat fingering the price on a stop order.

One thing I have noticed on a stock option that has a High IV. The Theoretical Value is always a high delta from the actual option price. OptionsXpress that I trade with has a Pricer that will give you all the Greeks and Theoretical Value on each option. I use this to look for bloated options...

Here a little tool I put together in an excel file that seem to work on the Elliott Wave Theory.

Hey just look at this. www.callpix.com. I have used this for searching for CC's, LEAP calendar Spreads and also Credit Spreads plays. Look at the few listed on the top with the highest bid/price%. Then do you homework and see what will work and what won't work. I picked up NFLD last month on...

I've been with OptionXpress for over 6 months now. They set me up for Level4 Trading right from the beginning, with no problems. I was going to go with Scottrade, but I do not think they allowed Credit Spreads. With O.X. you can sign up without any deposit and try out the platform. Do some...

OUCH...NUVO is down 80% ! That was a big hit. Just get to Friday expiration with out a drop like that and I will be happy.

Today it looks like the profit takers are have there way. Just broke thru the 38.2% retracement level of 15.69. I look for it to test the 50% retracement for the last run up. That should be around the 14.99 area. This has repeated the cycle 2 other times and looks like it will repeat again...