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Just curious Mark. Using a synthetic analog to your rationale would you also never sell/close a long stock position based on a trailing stop loss or a stop loss? In my logic system the initial "unearned" credit/premium received is important in managing the position since it establishes and...

Anyone have an opinion on if its more effective/efficient to put on positions directly on RUT or in the ISHARES RUSSELL 2000 INDEX FD underlying (e.g. IWM)? I seem to be getting very tight spreads and high trade volume/liquidity on IWM positions I put on so far. TS

I was able to get within a nickle of the midpoint of bid/ask on the SHARES RUSSELL 2000 INDEX FUND (IWM) at the January 2007 76 put (IOWMX) January 2007 73 put (IOWMU) strikes. I think its a gonna be a winner too given the good technical support of its 50 day moving average. By the way one...

Yes - good points. I would really love to have the full option charting and analytics that some of the other brokerages offer. Oh, another nice thing about Fidelity - you can buy bonds and CD's from most any offering bank in the country in an instant by searching on yield, maturity...

Silver is not too bad. I pragmatically never ran into the 1000 shares premium since most of my trades are not in the micro cap or penny stock prices and I would never have more than about 800-1000 shares in any one position (most of my positions are in company's in the $30-$200/share price...

I have not used any of Etrade's brokerage facilities so I can not speak with any personal knowledge. I suspect that most of the brokerages are able to get the basic order execution and account balance accounting properly administered. Any broker who can't get the basics right simply will not be...

Actually, the news, reports and charts is one of the very most important things to me since I do a lot of research on each position and need to follow real-time news events that will pop up in the watch list as a hyper link in real-time. This is EXTREMELY handy to be able to figure out what made...

Yes, they have a trade window where you can pre-construct any order that you want in any account that you have (I have about 8 separate accounts from personal, joint, IRA, 401K corporate etc.). When you go to submit the order you just pick the one you want from the trade list. You can force an...

BlueDemon - were you at gold level of commission with Fidelity? I am and its quite fair at $8/stock trade or $8 +.75 per options contract. My only beef with the margin accounts is that they will require house minimums on both sides of an iron condor position when only one side is ever...

Nice SPX down spike today. I am picking up some 10 point CALL debit spreads right here at 1410 here for hopefully a quickie santa rally ... TS

ATP is a love hate relationship for me. Trade execution using automatic routing is fine and its easy to amend an existing order to cancel/replace. Be wary of the order history window though since it can accumulate a lot of old orders and its not hard to resubmit an old order in place of...

I am doing OK with Fidelity ATP. There are things I hate and like about it. For example I HATE its order entry history window that attempts to keep old order's in the trade window so you can use them to resubmit similar buy/sell orders. But in fast trading it can be too easy to issue the WRONG...

Just buy SHY at market. It's a great place to park cash at reasonable short term rates and its marginable at 30% and ultra safe. It's an excellent alternative to parking it in MM accounts that take 30 days to qualify/mature for margin credit. For that reason I use a tiered cash system at...

I am not not so much betting as I am hoping for some more up down chop to get VIX pumped up in excess of 12. But I do anticipate a new rotation of market leadership from large cap value toward mid & large cap growth stocks going forward through April. So I am anticipating that a lot more herd...

Just got back from a mini skiing vacation in Canada with not much opportunity for out of country trading. BTW: OMG what perfect powder conditions in Whistler BC! It made up for being stuck on the highway for 5 hours in what turned out to be the mother of all night time snow blizzards. There...

Had to share one of the luckier/smarter trading things I have glommed onto with my credit spread trading. This is probably nothing new to many of you but since coming to this forum I am now much more risk conscious. This is a handy little risk adjustment technique that can be quite nearly...

I am banking on CPI being within the range of expectation +/- some minor indifference level. I doubt the FED lacked advanced copy of what the number would be before their FOMC meeting this week. So my thesis is its all built into the market pretty much already. Since my trading on SPX options...

Answer: Some of us pre-sucked all the volatility out of this market just before the start of this period's front month expiration. Now the wind has been dumped from the sails to help us credit spread traders finesse into expiration without even having to close with another commission or offset...

hmmm, think this behavior might have something to do with slippage and spreads shrinking on high down volume and then as volume falls off to digest "they" switch to a margin income mechanism by betting on speculators "doubling up" on optimism on the fatter up spreads? Sounds like some of you...

ha ha, you obviously got mixed up on which multi-national bank you wired in from. These days, going from UK Pound Sterling to US Greenbacks is just about 1:2. Next time, convert to US funds BEFORE you wire. :D TS