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Of course there is no way to know where oil will be. You used the same rough calculation that I do to figure an approximate USO price.

OK, I didn't realize that meant that one trader had to take all 10; I thought it just meant all 10 would be taken by the another party.

Yes, it was an all or none. Maybe that was it.

Thanks for the info.

It was through Fidelity. The bid was .21 and ask was .22. I didn’t call them, but I did refresh the chain numerous times and saw the data was working. I entered and replaced the order several times. What do you mean take liquidity?

Yesterday I tried to close a short put on USO. I entered a buy to close for 10 contracts at the asking price. The order would not fill. I tried several times. There were definitely more than 10 orders in the order book. Any idea why it would not fill?

There’s an option chain for 4/17 that has much lower premiums, but all the other available dates are ADJ. Can anyone shed any light on why those ADJ premiums are so high on XOP?

I was looking at the XOP put option chain. Prior to opening on 3/30, it had a 1 for 4 reverse split. (Was trading at 9 a couple days ago). The option chain has ADJ at the top. XOP at 32 currently. 10 strike has current bid of $1.84. See this regarding the split...

That’s why I’m asking. I understand one could lose their total investment. I’m just trying to get a general idea on what price WTI would be if USO were 1 or 2. Maybe it’s not possible to determine.

I'm considering selling some puts on USO 6-12 months out. I'm trying to determine what price oil would be at if USO were 1 or 2. USO at $6 and WTI at $27, would a USO price of $1 be equal to 1/6 of 27? Or is there no way to calculate that? Could USO ever be liquidated if it goes too low...

I have a couple basic taxation questions related to a stock and covered call position I have. Am I correct with my descriptions of the tax situation here? Here's my trade history: 1. Bought 100 XYZ @ 10.85 2. Sold a covered call $10 strike for .87 3. Bought back covered call $10 strike for...

I’ve always enjoyed CNBC and in recent years CNBC World. CNBC World is really good and enjoyable to watch, without the superfluous antics of some CNBC personalities. I highly recommend CNBC World for evening viewing. Also, Alix Steel on Bloomberg hosts Commodities Edge weekly. She and the...

I like CNBC. I've always enjoyed Bill Griffith and Bob Pisani among others. I'm a really big fan of CNBC World. I watch that all the time. Martin Soong, Nancy Hungerford, Orriel Morrison, Chery Kang, Sri Jegarajah, and Emily Tan are all great in my book!

Traditional retirement portfolio. You’re right about the correlation. What would be some uncorrelated assets? GLD?

Yes, maybe this is a simpler approach: ITOT - Total US. .04 expense ratio IEFA - Broad International (Japan 25%, Europe 60%) .07 expense ratio. IEMG - Broad Emerging Markets (China 32%, South Korea, Hong Kong, etc) .14 expense ratio AGG - Core US Bond .05 expense ratio. I’d like to add EPP...

VT is a nice one pick for everything in one basket. I was thinking that by taking a regional approach I could add more when certain regions are depressed (regional rotation). Obviously, an 08-09 situation takes everything down.

Long; traditional approach.

I was thinking eventually 20-25% of the whole portfolio would be AGG - Aggregate Bond Fund. Maybe as high as 35%.

After missing much of the bull market due to being overly conservative I decided to use iShares etfs to create a regional investing approach. Here's my breakdown: IVV - Total US Market IEUR- Europe AAXJ- Asia ex-Japan (China 40%; SK, Taiwan, HK, India, etc.); virtually identical to IEMG...

If you collected a large premium by selling a deep ITM covered call and taking a nearly offsetting loss when the stock is called away, is there any negative tax consequence? Or is all a wash. Example: collect $2100 premium (taxed at ordinary income rate of 25%); lose $2000 on the stock (capital...