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omg did you read that thread about the GOOG options? That was the worst horror story I've ever heard of.... Basically bought a bunch of calls (with $800 in the account), the options close slightly in the money at the close on exp, so they get automatically exercised (but the guy didn't know)...

does that offer extend to everyone? :D:D:D - The New Guy

CNBC is about to have a segment on OSTK I believe... possibly titled "the stupidest trade of the week" - The New Guy

Yes, that is the part I am trying to iron out. To me, trading is two battles (on the most fundamental level). One, the battle with yourself and your emotions. Two, the battle to interpret everything and extrapolate on it the closest to the truth as you can get. The first part of doing that...

Not according to the CBOE options calculator and my uneducated guesses.... But I suppose you'd have a very tough time selling them for anything that close to expiration... Anyway, so your point is (I think, anyway) that it's most likely closing a position because nobody in their right mind...

I got .02... what did you get? Thanks, - The New Guy

A homework assignment? You're on... I'll be back with some horribly incorrect figures in a bit... - The New Guy

I think maybe my post came across to you as something it wasn't. I was merely stating the fact that the trade occurred, so someone bought them. I'm trying to read facts as they are in this stage of my learning process, and get input on what they could mean. I was watching an option trade all...

Whether he was opening a long position or closing a short position he still "bought" them. Just as someone sold them. However, it looked like someone hit a MM's ask. I agree, it does seem likely that someone was closing a position, however. Thanks, - The New Guy EDIT: congrats, nice...

Does this guy have a bone to pick with you? He seems to be trying really hard to flame you here.... - The New Guy

interestingly enough someone just bought 1300+ Nov 70 calls on APA. I don't know if that's out of the ordinary, but it's the only trade I saw in that option today. - The New Guy

Dude, none of those links work, can I just mail you my check instead?? :D

I put him on ignore, it's a major relief! - The New Guy

Yes, for dummies I look for at least three candles. The first sets the range, the second (if it's an inside candle or reversal) sets the buy/stops, and then the third or a later one will trigger it. I don't know of any other way of trading dummies. I haven't been adding any other chart...

That's the list I get when I run it right now... I'm using those for tommorrow. - The New Guy

Any hint as to why you took this trade, or are you still holding the reasons tight to the vest? :D Thanks, - The New Guy

Great, I appreciate your thoughts on this trade. I think I'm going to take the first candle into consideration from now on. Thanks, - The New Guy

Thank you for your input. I assume you're talking about the last chart I posted? That was actually OSUR, not PGIC (although I did talk about PGIC in the post). So you're refering to the first candle on the chart, correct? It's a large downward candle (and yup, it's 30 min chart). I was...

What time frame and candle are you refering to? Thanks, - The New Guy

lol, yes, i think you have your answer, loud and clear... best of luck in the future, - The New Guy