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If memory serves: The drop on April 14 and 15 was mainly due to the bad earning report from IBM. The information was leaked to the public, so IBM announced their earning miss ahead of schedule. I cannot recall what happened on April 13, 2005. April 15 was expiration Friday. You may like...

If you read his article: "The Art of Option Selling", you will notice that he did claim that he sold Calls and Puts. But he also claimed that he mainly sold Puts. I am amazed that someone, who is mainly selling Puts on S & P 500 futures, and yet has a positive return(4.86%) for the month of...

Ansbacher claimed that he mainly sold Put options on S & P 500 futures. According to the performance record posted on his web site, he has one losing year since 1991: -5.51% in year 2000, when S & P 500 collapsed. Hence, he probably was not lying. Now, here comes the more interesting...

Max Ansbacher has been selling options for almost 30 years. You may find his book useful. I have not read it myself: The New Options Market (Hardcover) by Max Ansbacher

Just ask a good friend with an account at Interactive Brokers. Invoke TWS and try it yourself.

Few months ago, the customer support of Interactive Brokers sent me a E-mail about how to submit limit order to BOX at prices that won't accept by other exchanges using TWS. I tried it few times. Seem to be working.

Before posting my answer to the original poster, I entered a limited order at a price of 12.16 to sell one contract of QQQQ JAN 2006 41.0 Call, and submitted to BOX via Interactive Brokers(TWS). The order has been accepted by BOX, and stayed there for more than ten minutes. I have no...

Yes. It is a common practice to enter a limit order between the bid and the ask. Since QQQQ options are listed at BOX, you can enter a limit order at prices like 2.16, 2.17, 2.18, etc., provided your broker support this feature.

I would say "no". IMHO: If backtesting is similar to interpolation (curve-fitting), live trading will be analogous to extrapolation. The latter is much more difficult. In addition, new trading instruments, new regulations, new technologies, etc., are introduced to the financial market at a...

I have enough fun for today.:p Good night.:D

Third confirmation.:p

Thanks for the SECOND confirmation. Have a nice day.:p:D

You just re-instated my point: "There are definitely more psychopaths in finance than other industry!!":p Thank you for your contribution. Please continue.:D

I see your point. :D

After working at the trading desks of Morgan Stanley, Goldman Sachs, Merrill Lynch, Lehman Brothers etc. for several years, you ***MAY*** come to the same conclsuion too.:p

The sample size of this research is probably too small to be statistically significant. However, there are definitely more psychopaths in finance than other industry!!:eek:

Nice guys finish last. Most people at Wall Street equate "being nice" with "being incompetent". It is easier to get attention or help by behaving in the above-mentioned manner.

Please calm down.:p If you work at Wall Street, you must deal with office politics, finger-pointing, conflicts of interest, ass-kissing, etc. These are rules of the game. It is fair that everyone tries his best to protect himself. The system has been fine-tuned so that only "TEAM PLAYERS"...

Each brokerage firm has a procedure that is spelled out in your account agreement forms. The Options Clearing Corporation ("OCC") uses the 75 cent threshold for customer orders, but your firm may have a different threshold. Here is how The OCC describes it: EXERCISE BY EXCEPTION...

242 Replies and 13892 Views. This has to be the longest thread at the "Options Forum". Anyone cares to break this record by starting a thread called: Buying options for a living :p