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A couple quick questions for you. DRYS IV is high, so a long straddle is expensive right now, no? With IV already high, is it more likely to go even higher or settle back down? Do you know how lower IV impact this trade?

You misunderstand. The poster you mention is simply using this forum to amuse himself with his own satire. Every time someone responds in anger or disgust, he quietly laughs to himself, because the people calling him stupid aren't even smart enough to get his thinly disguised jokes...

Hmmmm...He's from Enron and has hired several ex-Enron employees. He's consistently at the right place at the right time. He may be a nice guy and all, but man, you have to wonder.

I don't care who you are. That's funny. :D What made Al pick Minnesota? Did he figure if they'd elect a wrestler as governor, surely they'd elect a bad comic as senator?

Which month? A quickie Jan expiration straddle or the Feb straddle? I'm tempted to do the Jan straddle. It should be an interesting week on Wall St.

I didn't know what it meant, either. I thought is was a reference to his Italian heritage. I'm out of touch, I guess.

The call the president the leader of the free world for a reason, but George never was a leader, was he? And for the guy who posted a list of presidents that did worse than George. You gotta be kidding me. And just so everyone knows, I'm no damn liberal. The people that should be most...

TOS rejected my buy request and has the stock listed as hard to borrow. I'm not sure where the action is with this company. On a side note, you guys think I should get in with Bernie Madoff's fund? I heard he finally has a few openings available.

Maybe not quite that bad, but damn, it's been one hullva 8-year term, George.

I take it you don't read the news.

I was wondering when GM is getting kicked out of the dow myself.

What am I missing? It was just a link to the Chicago Tribune. Apparently, it's 19 degrees and overcast right now. Poor bastards.

So, to sum up the article, Merrill Lynch is long gold and they want as many readers as possible to be long gold too. Don't worry. Their analysts are completely separated from their investment division.

What else are they going to do with it? I'm talking about real wealth, not Joe Blow's $50,000 401K. Maybe the wealthy will learn how to play poker or bet sporting events instead of playing the stock market. But I doubt it. It's still the best game around.

MS and GS assured 60 minutes that their financial analysts and their oil division are completely separated. :D Everyone assumed it was manipulation. Hell, even my mechanic compared it to the West Coast electric manipulation, and as it turned out, it was probably the exact same traders...

Where would you sell the stock? NYSE?:D You said your parents are lawyers I think, but still, it seems underwriting costs would require a relatively high IPO, for a college student anyway (even a business college student :p ).

Buy 40 of the JUN 09 SPX puts contracts at the 400 strike. When the S&P hits 150, bam!, you have your 1 mil. Take the rest of the year off.:cool:

There's probably some truth behind it, but do you have any facts to back up these bold statements? At least a link to a paranoid blogger's web site?

"AIG, LEH, FRE and FNM accounted for 75% of Jim Cramer's portfolio. And for diversification, Cramer invested the last 25% with Bernard L. Madoff Investment Securities." -Stockpickr.com

Oh, forgot to say the bookies are the house. They try to keep the bets equal on both sides and profit from the vig in the spread. They shave points, too.