Search results

I'm well aware of what I wrote and from MY experience no promotional rate has been increased. If anybody has had PROMOTIONAL rates increased then please let me know what company so that I can be cautious if I have a balance with that company...... If Chase decides to pump my rate from 2.99%...

I never stated "CC companies “cannot raise my rate, promotional or otherwise, any time they want.” CC companies can raise purchase rates anytime they want as I stated earlier. I have run this game for close to a decade and have not had a single promotional rate increased on me by any of...

We're still just moving sideways here. We keep hitting a low in the 390-400 range and the highs on RUT are falling which means a resolution is coming. I decided to go ahead and adjust my mar 490/480 put by selling the 490/480 and buying the mar 400/390 so now bot mar 490/480 put/short mar...

Yes that is true but you have to rack up a lot of debt in order to pound your FICO down to levels where employers won't even hire you. I carry a lot of CC debt and my FICO score is not that bad, its right around 690 last time I checked, no problems getting my current job, insurance, my 2...

I've commented on this game several times. Here is a simple example I gave in another thread: I apologize for going off the original topic but here is a simplified example of how this works as its been a pretty handy financial tool that I've been able to utilitze. - Capital one sends you...

I did another swap out today. I closed my last remaining June 420/430 call position and opened a new may 370/380 call position. The goal is to try and keep the RUT spreads in the money as long as possible and since the june 420/430's are out of the money I went ahead and decided to take profit...

Uhm who cares about your FICO? Unless you're planning on buying a house in the next 12 months who gives a crap. My FICO took a dive after I did my transfers and I still got a mortgage on my new house while putting 5% down. I simply showed them my cash balance and end of story. Plus I got...

All I know is that its a pretty sad state of affairs when Mr Gloom and Doom gives a generic speech (change?) and the opposing party responds with Kenneth from 30 rock.....yeah we're screwed....

Yeah, plus I just ran the numbers and it wouldn't make sense in my case since I'm paying very little interest on it. Pretty good idea on the part of AMEX although they're setting themselves up for some abuse too!

Hmmmm I've carried a balance with AMEX for about 4 years now....wonder if they'd be willing to give me this offer. I haven't seen it yet but have to keep my eyes peeled I guess! :p

Today I closed the following position for $116.49: bot jun 420/430 call/short junQ 43 iwm call@ credit of $1.89 Since the position was opened for a credit that means closing this position out created a profit of $118.38.

More down action which means more adjustments :) Here is what I did today: I sold my mar 410/420 call spread for $382.64 which means the bot mar 410/420 call/short mar 42 iwm call@ cost of $128.54 becomes short mar 42 iwm call @credit of $254.10 I sold both of my 500/490 June puts for...

I'm actually looking at this more since this is the first time I had to go way far out like June. When I was paper testing this the most I went out was 3 months so going to June which was 4 months was a live test. I actually have liked my June positions as the value hasn't changed that much...

I am beginning to adjust my 500/490/short 49 iwm put. With the market hanging around the 410 level I decided to go ahead and purchase the June 410/400 put spread. As with last month, I will typically sell the 500/490 spread in order to fund the purchase the of the 410/400 adjustment spread...

Boy these 5 week option cycles seem like an eternity. The final 53 iwm was closed today for $1186. All in all it was a good option cycle. Just had a couple of bad positions hurt my pride more than my portfolio but oh well. Here is the list of all the positions that were closed this option...

Damn lady luck just is not on my side the past few weeks. I have been DEAD WRONG about market direction and today is no exception. Settlement did not help me by causing a BS rally so I am still holding my short 53 feb put. My only hope now is that we get a EOD short covering rally where...

Oh greed can be such a pain! I had my short covering rally in the morning where I could have closed my remaining feb 53 iwm put for as low as around 1015 but I got greedy and didn't do it. Now I'm stuck holding it still and right now its around 1130. By all accounts I should have closed this...

Just barely held 420 today, kinda seems like its hanging on by a string. We look pretty oversold on the near term thats why I was hoping to get a short covering bounce before friday. Obviously we didn't get it today so I covered 1 of my short 53 feb puts. Here is what I did: bot feb...

Finally we get some resolution to the tight trading range we've been in. My thought was we would break to the upside so I'm going to enjoy eating my crow and now I'll be watching to see if we do head to 400. First up, I'm watching to see if we get a close below 420. If we get a close below...

Nice quiet day going into the long weekend. Market is closed on Monday as well. My march positions have swelled a decent amount in profits so if we get a couple more relatively flat days next week then I may start closing them out as well. I've added another june put position today as well...