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Why not just buy FAS or TNA ? and sell OTM weeklys ? You get great decay ~ Volatility is so high I think it's not worth it to try buying those options cause they are so expensive. I know you have a good track record, so how far out and what strikes are you looking at ?

I like buying puts on these types of stocks/etfs w high divs ... If the market cracks again they offer cheap protection... look at PFF which hit 13$ ... you can buy Oct or Jan puts and make a killing if the market really tanks gain... sure the probability is low but the reward potential...

There is some info via Google on this but the short answer is options are cleared at the last price of the stock if it's halted. Some of the halts are lasting months and months ... which is killing short sellers who make the correct short bets but can't sell so they take it in the a** on...

The Euro will tank if it fails and you'll make money if long EUO or long FXE Puts.

Ridiculous. Big corps don't pay taxes cause of the IRS rules not the state tax rules. Pure ignorance. There is something called the Commerce Clause in the Constitution.... Imposing a sales tax collection requirement on a business outside a state shipping goods in is a violation of...

CA lawmakers are trying to do the same thing as countless other states have done already ... they are all trying to create more unemployed people !!!!!!!! AMZN fires affiliates + affiliates move their companies to other states = state loses job and still doesn't collect state tax. STUPID...

What do you guys think about VIXY or VIXM ? (not everyone has a futures account)

You want reward ? You have to take risk. In your scenario of knowing something's going to happen I'd just buy slightly OTM calls and pray... But if you're going to risk 5k and try to make 30k in one trade I'd say your chance of success is very small... and you'll probably lose most of it...

Depends on how much premium is left ... should be noted that partial positions can get called out early - doesn't have to be all or nothing. On side note - I don't like collars unless you're trying to take advantage of a tax situation by not selling. If you really think you need to own puts...

News article today: USU – USEC Inc. – Call options on the supplier of low enriched uranium (LEU) for commercial power plants were active this morning, but it looks like the largest transaction in USU options was initiated by an investor taking a bearish stance on the stock. Shares in the...

Take 950k and stick it into bond funds. "Play" with the rest. When you lose the 50k you can send me a check thanking me for giving you advice that saved you from losing lots more. (It's obvious from the question that you shouldn't have 1m in account you're going to try the option...

Anyone know why the volatility is so high on USU ? It's stratospheric... Earnings don't come out til after expiry.

The US Military is the biggest user of oil in the world ... if we could finish the wars oil would drop from lack of demand which would be good for everyone except oil producers... Heck if Obama wanted to lower the price of oil he could just announce that he's going to tap into the SPR to ease...

Using options I am long TBT for the reasons above ^^^ I dunno when yields will creep higher just seems to me that they can't go much lower...

Have you looked at their balance sheet lately or anytime in the past 10 years ? It isn't getting better ... Doesn't matter how good the cars are now ... they are selling alot less cars now then used to and they still have all those retirees they are trying to support from back in the day...

The people of the EU countries where dropping the Euro is possible definitely know whats going on ... good article on zombie banks: http://www.nytimes.com/2011/04/17/business/17view.html?_r=3&partner=rss&emc=rss I don't see how this ends well for the Euro... no matter how much kicking the...

What happened at 12:30 yesterday ? News event ? I see massive volume to the downside on just the Silver and Gold ETFs. I left at noon and just logged on now at 5 AM. For the record I'm long ZSL (covered calls).

The taxpayer is going to eat the loss that the govt takes when it sells it's GM shares - 30 years of inept mgmt - the govt should not have saved them. F is in the same boat GM was in - only a govt bailout will save them.... tick tock tick tock Neither company could make money when times...

I sure wouldn't want to be short oil over the weekend - nothing good can come of that IMO.

I hope you're right on SLV going down - I don't see it going down past 25 though. (30 or 40 would be better poll options imo) I'm long ZSL since 13.50 with covered calls in place. Also I've traded AGQ several times when it opens up 7-10$ down or so - sell a put and wait for it to...