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This has been around for years...and it is AMAZING how many people STILL get hooked by this SCAM. Maybe they should get Brian Hunter to help them out, or maybe even Bernie Ebbers.

Rolled the OCT SPX 1360 c that I was short out at my break-even point. Bought it back @ 3.0, minus commission. Re sold it again @ 5.5 x5 contracts ($2720 credit after the separate commissions). SPX should have some good profit takers coming in Thursday and Friday to take a little steam out of...

No argument here...If they want the US players $$ they should pay the US their taxes. Same for the players too. I can say that I have done my share of on-line wagers in the past... convenience is the reason on-line worked. Plus you would get better odds on a game, than at a local casino. The...

MAIN Reason for all the hubbub... Billions of $$$ flowing around the On-Line wagering, but the Govt. did not get a dime of it as Taxes.. If they can't tax it...They make it illegal.

Next time...If you have any money left when your done with this spread... Stick to a spread that is less that 30 to 40 days out till expiration. The reason for trading spreads is to capitalize on the time decay of the option. Plus it will limit your upside, but it give you downside protection...

You got to remember too. That they were handing out bonuses to themselves as they were kicking everyone else out the door. I remember seeing Bernie's exit agreement posted some time back...it was astonishing.... PENSION BENEFITS. Commencing as soon as practicable following May 1, 2002...

Here is a spreadsheet that I put togather for E-Wave. It works pretty close to what it was intended for.

Certainly knows how to take a stock down..... WYNN has dropped over $10 a share since the first of the month, before all the lawyers came out.

I use the CCI(14) along with RSI. The CCI gives a good indicator of when I should get in or out when looking at a new High or Low on the daily charts. I will trade a call credit spread if the stock has made a new high in the past 4-6 months and the CCI has had a new high above +200 and the...

One word to sum it all..... ENRON part II.. :)

I will be waiting in the wings for it to get close to those range limits again, and place another spread. I like the 360-350 put spread and the 460-470 call spreads, but the underlying has to move some more in one direction or another before I determine which side to play.

I just look for a good chart pattern where stock has been in a rolling pattern between support and resistance points. Depending on the direction, I like to place a Credit Spread near these points, usually 1-2 strikes out, but the option premiums have to be worth the risk. I know a lot of...

Update... SPX Spread in-play again. Sold a 1360 Call again to go with the 1370 call I bought a couple days ago. 5 Options @ 3.0 ($1500 Credit). Minus $14.99 commision. GOOG will have to move quite a bit before I will open that one back up again.... Acct balance as of this morning...

I used to just buy the options (Calls and Puts) and I made some money at it, but eventually I lost a lot more than I gained. I see that most options do expire worthless... Now a days I am on the other side. I have used Credit Spreads and Covered Calls to be able to sell the options instead...

415-420 on the chart was the point that I thought it would pull back and it did. BTC the 460c that I sold yesterday. Taking money off the table for now, and see if it will rally back up in the next couple days on a bounce.

GOOG just took a big plunge.... My 460 call I sold dropped significantly so I took it off the table and took the profit. I will leave the 470 in place incase GOOG snaps back so I can sell the 460 again. Sold Oct 460 c @ 3.0. X5 yesterday. BTC Oct 460c @ 1.5. X5 today. That is $785 after...

It looked like maybe a scalp play for a credit spread, if there was a big spike in the SPX the first part of the week. But yeah, it does have a whole lot of more risk, but also reward if the market pulls back away from your strike... Was just curious to see if anyone might have scapled this...

Have you thought of using the WEEKLY SPX Options? Any input?

certainly did break it...but can it hold? I still would not look for it to go much higher. 425 area may be the top of this run. I entered into a Call Credit spread today (s 460 / b 470) looking for this to pull back. Last two runs it made in the past 6 months, stopped out at the 425- 430...

Opps.... Typo on the last commission... was $29.98.