Search results

Yeah, that really sucks. When I am trying to get filled with ToS I have to be carefull about that. The order screen is supposed to default to the middle of the b/a spread. Occasionally it will not find the middle and if I'm not carefull I could make a big mistake by hitting send.:eek:

Well, it's time to start looking for another bearish position since I closed out of AMZN. I have a couple in mind. I really like IBM for a bearish play right now. It fell through support on friday and now sits below the 20, 50, and 200SMA. The biggest problem with IBM is that the IV is...

I used to have to do the same explaining for people. "You really haven't lost $1000 YET! We are still OTM, and there's only 2 weeks to go":p

I like it when you contribute to the thread. For all those who stumble across this humble little thread, take a lesson from Mo and contribute in a constructive way rather than tearing us (me) down. Anyway, you have a valid point when you flip my statement around. If my strategy consisted of...

Sorry, realized that I hit a wrong button on my calculator.:D

Whoever said I'm an American? Ok you got me, I am. Man, I thought I could hide my American arrogance. :D No, I agree with you. You get what you pay for. That is especially true in the world of trading. I have to give props to ToS. They are the best platform I've ever used. I'll quit my...

What I find most interesting on ET is that people are always trolling through forums looking for threads that they can jump on and try to crap on someone's birthday cake. Whatever floats your boat as far as I'm concerned. I just think it's interesting because every time someone does...

My account value is not marked to market at the end of each day. I can do that if you'd like but I think it is often counterproductive when dealing with OTM spreads. Most times a loss on an OTM spread is merely a paper loss and won't be realized. Some people find value in knowing what the...

Well, I'm stuck here at work so I'll answer your question on this beautiful Saturday. The original position was : Sold 2 MAR 45 Bought 2 MAR 47.5 Credit: $1.10 I bought the 2 shorts back for 0.5/each and still have the 2 MAR 47.5 calls that are essentially worthless right now. So the...

IMHO ToS has the best customer service. I just wish they were a little more competitive with their commiss. Could they be as good as they are if they were only charging 0.75/contract?

Just a heads up to those who might care (or newbies unfamiliar with the options world). I think that Tradeking has done a pretty good job of setting up there platform, but a couple things to keep in mind. These won't affect many of the people on this thread however. They boast a...

Today's Action Bought short leg AMZN back (2 contracts) for .05 Year to Date P/L Account Value: $10,145.10 YTD Gross P/L: 210.00 YTD Commiss: 64.90 YTD Net P/L: 145.10 YTD % P/L: 1.5% Not bad for a couple days. :D Somebody start a rumor...

And they get rocked in after hours trading. :D Stock down >10% instantly. Low operating margins are catching up with them and the lack of that tax benefit really hurt. IMO, a simple case of a stock getting overvalued.

Hmmm... AAPL having a hard time. Probably a combination of a down day in the market and people a little bit spooked about a guy trying to sue them for hearing loss caused by an ipod. I mean, who would've thought that if you blast full volume music directly into your ear canal you might lose...

I'm really keeping an eye on PALM and TXN right now. TXN--short term support likely at 28, but more importantly I'm anticipating a very key resistance on a weekly chart at 34.5-35. This resistance was also demonstrated in the short term. PALM--Right at a key resistance (40-41). A lot of...

Well, I don't want to jinx myself, but we got off to a good start today. Specifically RIMM jumped higher (almost 10%) on patent issues getting resolved. A little disheartening since, for those familiar with my other posts, I was forced to exit a sizeable FEB ATM bull put spread a little bit...

Whew...I must have been having a hectic day. I also typoed on the commiss. In considering the error, I will just go ahead and use ToS commissions. As this is not my real account, the orders are too small to get a good rate and will therefore be $2.95/contract until they qualify for better...

Really quick and dirty... RIMM-I'm anticipating strong support at 60. GS-Expecting a retracment, but not lower than 135. (as I looked at the chart again, it might make it down to 129. I'll keep my finger crossed.) BBY-I don't think it has enough to get through 52. My break even is right at...

Yes (and sometimes) to all the above. In other words, sometimes it will be scientific and other times a bit more artistic based on my opinion of the underlying.

Sorry, when I entered my post before I was doing something else at the time and got distracted. As you can see I updated the post to show the lot sizes. These sizes are based on the amount of equity tied up by the position (as a percent). Obviously when the account is still small I won't be...