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OK, Update again as CLF rose 4.03 to 64.34 Long (2) Jul 60 Call - Value at 960 Long (2) Jul 50 Put - Value at 230 Short (1) Apr 60 Call -Value at 659 Short (1) Apr 50 Put -Value at 45 Long value = $2380 Short value = $704 Value = $1676. I paid $1497 for this position and a 15%...

livevol, Interesting information there. I had a few things I was curious about just to see if I'm understanding this correctly. You mention the outlay of cash was about $140K ($45 * ~3500 qty), but the max loss would be much higher, right - possibly $3.5 million if it went to 0 (which I'm...

drcha, I can't say I have done a large amount of testing of using different ratios - of course, it makes sense if you do a 2/3 it would be more vega neutral, but I feel it may make profits more difficult on a large stock price move - personally, I like to have potential for large gains on a...

Oops, should have said: Short (1) Apr 60 Call - Value at 381 Short (1) Apr 50 Put - Value at 75 JJacksET4

Quick update on this position, even though there has been nothing dramatic in it yet. I am using the numbers that OptionsXpress shows for and against me, which mostly seem to be in between bid/ask. Long (2) Jul 60 Call - Value at 710 Long (2) Jul 50 Put - Value at 310 Short (1) Apr 60...

Gee, I bet that makes the average Chinese guy who is drinking the polluted water feel good - that you are here to defend his country and state that it will get better. They are sure smiling now! BTW: "To make matters worse, 90% of cities’ groundwater and 75% of rivers and lakes are...

Thanks for saying that, and I agree 100%. Why is there Ebay Japan and Ebay China, etc. instead of an auction site that was made elsewhere becoming popular worldwide and then the U.S. get "our" version of it? That is just one example of course. There are really millions of them. The U.S. is...

If? Sorry, it won't happen. The SEC could basically shutdown insider trading and other illegal things if they were competent and had enough authority. Unfortunately neither is true and thus this continues and I am certain we will see threads such as this 5 years, 10 years and more down the...

JC, I will admit I'm not an expert in this area, but I imagine the calcs. from OptionVue are likely mathematicaly derived as opposed to having been derived from any backtesting or historical trends, and this could vary quite a bit from actual backtesting. i.e. a certain spike might be expected...

hmm, I don't know when that was - probably just a tough year or just a good story to print - I don't keep track of it very closely. We have rented our farm land out with no problems for many years. At least East ND is still very, very good farm land as far as I know. Maybe the story was...

Spin, I think that is very good analysis overall. On your first point, I have actually found OptionsXpress risk graphs to be slightly more pessimistic then for example the one from the Options Industry Council. I have seen some of these trades where the OX one shows say a $600 max loss...

I did one of these today - at least that (Ratio Calendar Combination) is what I'm calling it. I have seen where the definition of "Ratio Calendar Combination" is selling more of the front month options, but I am buying more of the long month options. I can still call it this IMO, as it is...

Yeah, here is a report from 2005 on farm land values and rental prices. My family has some land in Walsh county, which is very good farm area, but still only $600ish as of that report. http://www.nass.usda.gov/nd/crents05.htm JJacksET4

No doubt about it. These kind of guys never put their money where their mouth is - a few rich guys could buy up all of ND farm land even at 10 fold the current price. I will offer an acre at a starting bid of $20,000 and see how serious they are - still alot cheaper then a 1/4 acre lot in...

Tom, I don't have any specific advise, but if you have a low or unknown (and thus $0 to the IRS) cost basis, selling the shares will also generate a large tax bill. And you would have to sell them at some point to ever really benefit (other then on paper) from the gain on the stock. The...

My understanding is that at least in some cases, they made the cars made for the U.S. markets differently and didn't test the changes. On the other hand, are you certain there are "no problems in Europe and elsewhere" or you just haven't heard of them? I will definately not buy a Toyota or...

BP, I like gambling myself and could probably get into trouble as well. That is one reason to keep account balances low if you don't trust yourself. For me, when I go to a casino I might bring a certain amount like $300 or whatever and never allow myself to use the ATM, a check, or whatever...

What I hate about this type of stuff is most likely he will be wrong in all or most of his predictions, but he'll make a new batch later and still sell a bunch of his newsletters or whatever the heck he sells to more people. In other words, these people are wrong over and over and over and...

Walt, Out of curiosity, what testing have you done? Have you just looked at indexes, or have you looked at stocks as well? What has made the results promising (i.e. a large % of winners, good % returns)? Did you try to see what the results would have been like if you used ITM or OTM...

Why would you do that when you could just watch a few episodes of MacGyver? :)