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If you really knew what was going to happen, it's actually very easy. For example. GOOG closed last week at $474. The weeklys for the next week 490 strikes were probably quite cheap (just guessing maybe $2-$3?). GOOG went to $520, so they would have closed around $3000 each. There are...

I'll go with 1520.0 JJacksET4

I wonder about that - is that because it is now HARDER to qualify (I think partly so at least) Or, because people are afraid they won't qualify and don't come in - I think that is also party true. I have got some home loans in the past for main and rental properties and quite honestly I'm...

I believe OptionsXpress does not charge another commission for the same thing. For example, I have before bought say 10 calls for $1.00 each limit - 6 were filled and the stock moved up somewhat - I modified the rest to $1.05/per and 4 more were filled and I was charged one commission total...

I agree with what the others have said - use a combo order to sell both at the same time. Managing a short straddle however might be a whole 'nother issue! JJacksET4

McMillan on Options is more of a book that gives a basic overview of options' strategies and then shows people how to try make money using things like Put/Call ratios, Unusual Options volume, and spreading things like Gold vrs. Gold miners or whatever. Options as a Strategic Investment is...

Just remember that there are always options with options (no pun intended, then again :confused: On 5/24, in my Virtual account only (unfortunately!) I did the following trade with RIMM: +5 Sep 47.5 Calls +5 Aug 42.5 Puts -5 Aug 32.5 Puts Today, this has a very nice profit % obviously...

That's because management does usually have at least 51% of the voting power (I don't know about those companies per-se). Realistically though, just because a stock is down 50% in a period - what if it would be up 50% next year? Who says it should be the CEOs goal to get the stock higher and...

For why - I will give a short answer here that I saw from someone else - 99.9% of the world's population "knows" gold is rarer then silver. They can't tell you the qtys of either, etc. but they are born "knowing" that because Gold has always been worth more then silver and everyone tells them...

weewilly and John Green, Thanks for the posts. I hadn't considered my position as a Broken Wing Butterfly, but I guess it is! My general view on the market is that a short term rebound wouldn't surprise me, but I don't see SPY getting over 140 by Aug either. I do agree that any possible...

The points mentioned in that article appear to be true. Bullishness that makes sense is different then 1998's tech - "but their name is hyper-mega-global-compu-net - they deserve $1000/share stock price even though they have no product."! I was at the Long Beach coin show today and dealers...

Not to speak for Spin, but I think what he is saying is if you lose some money on your long fills, you can make that up by selling some OTM options - that would limit your gains on those spreads, but would reduce your cost per long option for example. At least thats how I took it. JJacksET4

Well, at least you have a 30% gain to work with now. My dad used to always say that what made Vegas so tough was you would always start down and spend hours just trying to break even! I have had the same experiences with Vegas BTW - I lose $300 or whatever and spend hours and sometimes luckily...

As I expected it to be difficult for the markets to move up substantially at that time, on May 18th, I did basically a Ratio Call Spread on SPY, the only thing being since I can't really have extra uncovered short Calls, I bought farther OTM Calls to protect those shorts. I like a trade like...

Because his tax dollars help pay for things YOU may need that he doesn't just as an example. Why do I pay for the fires in the California burn areas every year, when I live in an area that never gets them, etc. It goes on and on back and forth. Hey, I am not saying it's perfect or anything...

Why does everyone seem OK with cutting Saturdays? It's the only delivery day of the week most people are home so can make Sure something gets picked up, or can find the mail carrier and discuss something if needed, etc. I would far prefer they cut out Monday or Friday for example. My other...

There can be risk in anything of course, but I would highly recommend looking into CEFs (Closed end funds). Many of them pay monthly dividends - many have managed distributions meaning you get paid the same amount each month for a while - and then sometimes the fund adjusts up or down...

I said of those players who play at least 3 years - and that's not usually all at min wage then. That is $1 million+ minimum - and no school loans, work paid expenses for almost everything during those years, no investment on their own part to make. I could make $1 million in 3 pathetic...

Sounds like my company - we always say IT is the at the top of the chain - even the CEO can't override their decisions, etc. What we have however is a set of computers off the main domain and we control the PCs including Anti-Virus, etc. We don't allow them (out IT group) to put their...

A complete rookie (drafted this year) who has great skills, I can almost understand a bit, but these guys make so much money - if they have actually been in the NFL for any time at all, they should have it made. I could easily retire for life on what 90% of these guys make in 3 years. There...