Search results

It depends on the price of the Put. If there is time value left then it becomes more expensive to exercise the put then to sell the Put. If the Put is trading at or below par then it probably makes sense to exercise the Put. Don

The Spy's just went ex-div today in the amount of 56 cents. That may explain some of the difference. Don

A while ago someone else posted a very similar "free lunch" trade. I think the stock was also SHLD, but I am not certain. Anyway, it turned out that the stock was very hard to borrow and if you could there was an extremely high cost. As I recall around 30% annually. Don

It makes no sense that they restrict the CC premium as you describe. That's because all the risk is "covered" by your underlying stock. There is no need to protect the broker from any risk. At least, that's my opinion. All the brokers I have used add the CC premium to your cash account and...

Spin, Are you sure that's a wash sale? He didn't re-buy the stock within 30 days and the Put was OTM and clearly not "substantially identical". Don

Thanks, guys, I will use both ideas depending on the circumstances. Donnap, Maybe I've been somewhat vindicated for my "unless a stock pays a good dividend they are just a worthless piece of paper" viewpoint....... But, then again, maybe not. I say "maybe not" because didn't the banking...

Anybody know if there is a way to move the contracts I have configured (stocks, options, etc) from one page to another? I think TWS has an "export and import contracts" function that might work but it only exports all your contracts so you would have to edit it and then import it and then...

Jonny, Are you aware that SPG will be going ex-dividend very soon? I think it's 90 cents payable 90% in stock and 10% cash. Because you are short you will probably have to pay this dividend. This is the first time they are paying this dividend mostly in stock. In the past it was...

Spin, Check out these guys. I don't know anything about them. but they seem to be knowledgeable about some of the questions you are asking. http://www.edaytradertax.com/tradermtm.php Don

In my neck of the woods, whenever the power goes out my cable signal disappears. Even when power comes back often it takes hours more for the cable signal to be restored. It hasn't happened recently so maybe my cable provider got it's act together, but I wouldn't bet on it. I think my...

My understanding is that MM's generally make money on the B/A spread. Ideally the MM would like to sell and buy equal quantities and thereby simply pocket the spread. If there is a big imbalance between buys and sells, the MM adjusts the B/A accordingly. That is, too many sellers causes the...

What makes you think the MM will give you 263.5 when he is only bidding 262.10? BTW, I sense that the 262.10 bid is somehow incorrect although I didn't really do any investigation. Don

Spin, If the other suggestions don't work out I tested this and it seems to work: IF(OR(a=0,b=0),CELLx,a-b). CELLx is the cell containing this formula. This formula will hold the last calculation if a or b =0. Else it calculates a-b. One minor problem, If you get a circular...

Spin, I'm not terribly good at Excel, but since no one else answered I'll give it a try. Why not add an IF statement to ignore any B/A of zero and in such case simply hold the last calculation? BTW, I am pretty sure that Excel would not allow any formulas to execute while any related...

Are you looking to run for a couple of hours or just long enough to orderly shutdown? Don

I remember reading in other ET threads that IB has some liquidation priority choices that you can setup. I believe these choices are rather limited, but perhaps could have helped. Don

Do I understand this right? 799 bank stocks can no-longer be shorted? How can this be? What if my naked short calls get exercised, don't I have to become short the underlying security? What am I missing? Don

One of the posts on the first page of the thread gave instructions on how to get the rate from IB and also gave some info on interpreting the data. Here's the link again: http://www.elitetrader.com/vb/showthread.php?s=&threadid=132792&perpage=6&highlight=ssf&pagenumber=1 You would think...

Here is a thread which may shed some light on the SHLD "free money" arb. http://www.elitetrader.com/vb/showthread.php?s=&threadid=132792&perpage=6&highlight=ssf&pagenumber=1 IB is showing a -35.50 indicative rate to borrow SHLD shares. I did some quick math and the free money doesn't sound...

I think 60% is the correct answer. Look at it this way, a coin toss is 50% what is the combined probability of heads or tails? Don