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    Transaction Tax Bill has now been introduced

    http://www.washingtonpost.com/wp-srv/politics/congress/fin_dis/2007/c001037.pdf Easy for Rep Capuano to co-sponsor this. He has a lot of rental income and mutual funds (mostly IRA's) with no transactions in stocks etc... Only transaction was from rental income.
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    Transaction Tax Bill has now been introduced

    Another co-sponsor, Rep Betty Sutton of Ohio--- http://www.washingtonpost.com/wp-srv/politics/congress/fin_dis/2007/s001174.pdf Similar to DeFazio---Holds mostly mutual funds and no stock trades in 2007.
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    Transaction Tax Bill has now been introduced

    Here is the financial disclosure of a co-sponsor, Rep Welch from 2006. Take a look at this transactions. He is a trader! Look at the transactions on some of the stocks, such as LSI and RAD. In and out several times with nice gains. Rep. Welch does not appear to be buy and hold...
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    Transaction Tax Bill has now been introduced

    Apparently, the chief writer of this bill is Peter DeFazio, Democrat from Oregon. Check out his financial disclosure statements that can be found on this page-- http://projects.washingtonpost.com/congress/members/d000191/ On the latest disclosure from 2007, Rep. Defazio seems to have no...
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    That Securities Transaction Tax might be back

    Greetings---It was my understanding that the .25% securities transaction tax that has been pushed by a few economists and proposed as part of the TARP program was off the table. However, it appears it was entered as an amendment to the TARP Accountablility and Reform Act of 2009. This page...
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    Too much talk about "this is the bottom"

    Two things I have heard too much from all the analysts that appear on TV--- 1) This is the capitulation and the area of the bottom 2) It is too late to sell now Now the scary thought---the market always surprises! Can it actually fall farther from here over the next week. Even in...
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    Best Way to Play the Volatility using Options and Futures in ES and SPY

    With volatility soaring above 50 in the VIX, what is the best way to play the volatility if a trader believes that the market will reverse back up in the next day or two using futures and options on the S&P? Go long the futures and sell otm calls? Just sell puts that are otm? What else might...
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    What did Pelosi say to Piss Off the Repubs?

    She basically spent a few minutes attacking the last eight years and blaming the mess on the Bush administration. Then she turned around and asked for GOP support. I was amazed when I heard what she said and after what she said, I was not surprised at the outcome.
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    Day trading system -- how to promote

    To the OP--- You think you got a good system? For about $90/6 months, you can open an account with Collective2 at www.collective2.com. You post your trades and collective2 tracks your results. You do well, then you can charge a fee for subscribers to get your trades. No one in their right...
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    Calendar Spread prior to earnings

    After the bad news on Netflix last night, I checked out the IV of the May and June options on NFLX. The May puts and calls had IV of at least 15 to 20% above the June options. Unfortunately, both expiries had IV sucked out of them today (after the earnings) so there was not much of an...
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    Calendar Spread prior to earnings

    What was the calendar spread that you put on? I am looking at just putting on spreads prior to earnings and then taking them off after the earnings come off BUT ONLY when the front month has higher IV.
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    Calendar Spread prior to earnings

    Anyone do long calendar calls just prior to earnings when the IV on the near contract is 10% or more than the next month's IV. For instance, in AMZN, selling the May 80 or 85's with an IV of 12 to 14% above the June 80 or 85's which can be bought. Some of the posts I have seen on ET mention...
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    Options, Put and Call on the same stock. (Long)

    How do you find stocks to use for credit spreads? Do you just follow certain stocks and then put on a credit spread based on the action of the underlying stock? What kind of R:R are you looking for before you would put on a credit spread? Do you generally use options that have less than 30...
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    Finding Trades for Options

    I am getting into trading options and researching the different kinds of option trades. How do you find good trades? Do you use a scanning software of some kind? Do you have a couple of option trades that you specialize in and then look for stocks with options that meet certain criteria...
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    Is this as easy as it appears?

    Thanks for the feedback. You are all right in that there is no free lunch.
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    Is this as easy as it appears?

    I am looking at the ES futures options. If I think that the market is going to hold steady or move up the next ten days and I also think that the odds of a move down of more than 2% are limited from this area of 1366 on the ES M8, is the folllowing a good strategy--- Sell April ES 1315...
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    Learning to read Price Action with P&F Charting

    I found this thread last night and have read through all the posts. While being aware of PnF charting, I have not used it in the past. But I decided I would give it a try this morning and see if it was helpful. In the intraday ES, I like the concept of using the different range sizes. This...
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    Cramer calls for the reinstatement of the uptick rule

    Cramer points out that the uptick rule elimination especially hurt the investment bankers and brokers. I checked out the 1 minute chart of BSC for 3/14/08 when the stock fell from 54 to 29. If the short sellers were pounding the stock down with huge volume as Cramer insists, I would expect to...
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    Cramer calls for the reinstatement of the uptick rule

    Also, to think that short sellers can relentlessly sell a stock down lower is absurd. Just in this past week, I tried to sell short several stocks with IB that were not available for short sale. Shares have to be available to be sold short.
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    Cramer calls for the reinstatement of the uptick rule

    The SEC did not just decide to eliminate the uptick rule on a "whim". It was studied for several years. This quote is from the SEC website--- "On July 28, 2004, the Commission issued an order creating a one-year pilot temporarily suspending the tick test and any short sale price test of any...
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