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I didn't lose anything but just made 1g less profit. How does backup broker work if you are shorting naked options and need to get out of the ITM position before expiration?

The site went down at 3pm on expiration Fri. The live broker phone line was absolutely jammed. By the time I got through, $1k of profit was already out of the window and I had to close out the trade for peanuts. :(

You still have to pay tax backdating 10 years even if you renounce your US citizenship.

Yes, just an excuse to lock in profit.

Paper profit turns into a realized loss.

The shorts are getting torched. How far are they going to push it up? Looks like these guys have unlimited supply of ammo.

"You don't pay tax on illegal income" - Al Capone :)

I'm long the stock and want to do a no cost collar by selling OTM covered call and buying OTM put. It seems like it's next to impossible to do a no cost collar on it unless you want to take some downside risk by going for a lower strike put. All the strategies I've checked out involve debit...

I added short put yesterday and doing short straddle now. The stock is playing around the strike and the premium is coming down like a rock. Either the call or the put will expire worthless at the end of today and show a profit. Hopefully both will expire worthless ATM.

Agreed. I listen to music when I try to relax but not when my hard earned money is on the line.

My CPA said you don't have to report it if it's not on the 1099. I kept telling him it's illegal but he said don't worry about it as the IRS is only interested in #s matching up in the 1099. He signed off my return and I can point fingers at him if I get an audit. :)

I bet the mo-mo's will ride GOOG up like they did to crude and commodities and spit it out when it stops working.

What's the best software for a retail trader to keep track of those things as if you are running your own hedge fund with performance #s to report to investors? I tried those mainstream software like MS Money but didn't like it one bit. Thanks!

Where can you get Greeks quotes for free, preferrably RT? My broker doesn't offer those. Thanks!

I was down almost 400% yesterday on this option. Now I'm up 35% and premium is coming down fast with 1 day till expiration. Unbelievable... Sometimes you need to give some room for the trade to work itself out.

Or ticket to the rat race.

You mean Paul Tudor Jones? Is an undergrad degree all he has? The guy probably made another billion in commodities recently.

Do I need to have a solid knowledge in TA in general before moving on to candlesticks?

Hugh ramp again. SLB and HAL reporting on Fri which accounts for 20% of the ETF. :(

Pinned at 410??