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Yes, ACN went all the way down to 4 cents. That's not a nasdaq stock though, right? Will those trades still get reversed - I wonder how they will deal with options as well? For one more stock though, look at TYP (Direxion Daily Technology Bear 3X Shares (TYP)) - it should and did do good...

Is it possible the price went up quick enough that .24 was no longer enough? Also, it seems like it would make more sense to contact IB support for a real time issue then to ask about it here. Just My Opinion JJacksET4

Criminals! - instead of them working on their football and boxing skills during that time. BTW I agree with the idea from the OP completely - why don't we do it?

You mean unlike those great SEC guys who raked in salaries of 200K+ while watching porn all day? As far as FOX goes, they are the only ones who want to report things like Obama having a say in his replacement...

livevol, After you posted this, I took a quick look at AAPL options and decided to try this idea: Long Strangles + Short Farther Strangles or, it could be called a Reverse Long Iron Condor It is of course a Bull Call spread and Bear Put Spread. Here is what I opened on 4/20: Long...

Update - Apr 23rd I decided to close the WFMI position today. The stock was a bit below $40 at the time of closing. The option prices changed a bit more by the end of day. Long (4) Aug 37 Call - Closed at 510 Long (4) Aug 35 Put - Closed at 164 Short (2) May 37 Call - Closed at 376...

I just did some looking around and I can't find what the stock or ETF would be. If the OP is still here, is this really a trade that you did and can you let us know what it was? Also, were you able to do any kind of quantity of the trade for $105/credit? I found a handful of stocks near...

Yeah, I understand that it is "risk free" as laid out - just saying that it might not be any better then the .05 at best, even assuming all numbers are correct. I guess just because it is laid out as being risk free, I tend to think there is something missing. Also remember that the quotes as...

One issue I would see is that these must be at least May options, right? So at least one month or so to go - so in all likelyhood if this stock is volatile, it is priced in that it will be under $49 or over $51 by expiration (and maybe very soon) and therefore you won't be able to close this...

Sure it can be good if the stock goes up in that timeframe. On the other hand if you buy a DITM call and the stock were to fall to just below the strike price by expiration, you could lose 100% of the investment, while shareholders would still have the stock and could have suffered less %...

You 9/11 conspiracy guys can't even get your claims straight - first you said the Bush admin did it to get more popular, now you say Mossad did it to get the U.S. to hate Arabs - next you are going to claim the TEA party guys were responsible, or maybe it was the NRA, or wait, I think it...

The assumption that is being made here is basically IV remaining extremely high. I can't say that can't happen, but it could be unlikely to stay at the super high levels we see now. In other words, pretend that at May expiration, ABK was between 1.50 and 2.00 - you would now be long the...

I Just made the chart about an hour ago (sorry, went for lunch after). Yes, you should be able to see on the right side, it is selling May and buying Aug options. JJacksET4

Yeah, I was looking at ABK earlier. I have no clue what it will do in the future. I would be afraid to sell the puts just to see it go under quickly and still lose the money. What's interesting to me is the high premiums for even such short terms in the front months. If a person tries...

Update - Apr 9th close - WFMI @ 38.80 WFMI has moved up, but not dramatically. I am updating this mostly because 2 weeks has passed. Next update planned for either an important move or in 2 more weeks. Note there are still 6 full weeks til May expiration, so plenty of time still left...

So you can 56 fold your money in a year by selling index puts? I'd like to see how. 56 is 40% per month compounded for just 12 months. Has the author of this thus multiplied his money by approx. 20,000 fold (30 or so months at 40%). I have my doubts :) This line is worded badly IMO...

Must be nice to be one of my favorites George Strait, huh? I guess he lives in a huge home somewhere there. You are right about the houses there - in decent parts of So. Cal, you are lucky to get a starter for $500K. Property tax tends to be high in all of Texas - I thought 4 or 5% was...

Trader, this question comes up quite often. I would guess there are some threads already with a bunch of back and forth - try searching for them. The more moderate view would be that often Put and Call sellers can make money, but if they aren't careful, they can get clobbered in a bad day...

Define liveable? Ok, wait they tried: "These surveys look at a wide array of factors ranging from crime rates, health care and transport to encouraging entrepreneurship and the ease of finding supermarkets open late at night." Hmm. Crime rates and then they list big cities? Supermarkets...

As mentioned by the last poster, it is possible for one side to rally strongly and cause a loss at least for the short term for your short. For example, if XYZ (Long) was $50 and XYZZ (Short) was $50, and the index did really good, they could go to say XYZ $120 and XYZZ $20 - if you shorted...