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there is no benefit to being short vs the box as you are trying to do since the tax rules changed back in the 80's and you are net long/short the same according to the IRS. why are you thinking of boxing? this seems rather intricate for a "newbie"

i don't have experience at IB but I do have access to "off-floor liquidity". if you're as big as you say you are and trade large contracts, they are out there. large online brokerage firms won't even work with IB on their "penny-priced options" cause it's a joke so I doubt you can get anything...

hey casper, for 1. a market order to buy is looking at 50.50, unless he price improves which is not likely. the bids have no relevance to that order since those are other orders to buy. as for who has priority on the limits, the first on the books should get the trade unless it's allowed to...

ahhhh....i am brilliant!

i thought there were only 7 specialist firms on the NYSE. who are the other 10k's of specialists firms you are referring to?

none of your models should include playing with whether or not you will be getting liquidated by your brokerage firm for an early assignment...for 2 reasons. 1. you need to have a plan for your trade, with both a profit and loss target. by trying to keep the assignment you are changing your...

mydann, those statistics don't convey a good example of early assignment. as many people have already said, there really is no point to anyone exercising early unless it is because of a dividend. this is because the premium in the open market is almost always more than what you get from...

This was already planned by these piker investors in the first place. See this previous post before the IPO

BSAM, I don't understand what there is to be confused about. There is a broker rating on one quote and the eSignal complaint on the other quote. He obviously doesn't use the E*Trade platform that us real traders use, since he doesn't know that he can get the same charts (that he doesn't need, so...

it's amazing how much can change after 4 months. this is now offered everywhere...and actually advertised, not hidden.

meaning you can't deduct more than 3K of loss against your ordinary income each year...but if you had more than that in gains in '04 you can deduct that amount from your loss from the stock (short gain vs short; long gain vs long...etc)

LOL! Do you know how I can be part of a public offering through a direct access broker who has no idea what an investment bank is?? Stick to secondary market trading ajimow

This guy is obviously clueless when it comes to trading software as E*Trade provides eSignal quality charts for free yet he knocks E*Trade on the broker rating and also knocks eSignal on it's service for the paid software. I hope his conflicting complaints are obvious to all the rest who read...

That's a good point and thank you for adding that. I was going to add that but I didn't want to elaborate too much as far as margin calculations go. Surprisingly, a lot of investors fail to understand that part of their free cash calculations.

LOL! Actually, I think it's because it's the year 2006 and everything is pretty much computerized now, so why do you need 2 more minutes to calculate any kind of option value after the markets close? Unless you're still trading like a 75 year old dinosaur on the phone and doing calculations with...

No, you're confusing Liquidation Value with Cash Available for purchases (or free cash). This has nothing to do with what you can borrow on margin. It's only to show what your account is "worth" if you close everything today. A covered call is not going to cost you any margin, or free cash. In...

I think vhehn's is the best answer to the question you were asking smooey. Your option value IS going against you while you are still short the option. If you decided to sell your stock, you would have to buy back your short option (if you are not approved for naked calls) for a HIGHER price...

Has anyone had a trade cancelled because the market participants were not trading based on the reverse split?? This stock was $0.49 and after the 1 for 13 reverse split, should have been $6.37, but the stock was trading as low as $0.80 in the morning. We had a trade @ $1.55 and the trade has...

thanks for the sites everyone. cnms2, is this not advertised at most firms? i thought i looked at optionsXpress among others and didn't see any order type like this.

Has anyone heard of or traded with this qualifier on an options order? If so, which broker was it that offered this type of order? TIA.