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Sounds like me during the week at work :) And I still buy CDs partly because I want to support good artists like George Strait, Alan Jackson, Merle Haggard, Bryan Adams, Michael W. Smith, etc. JJacksET4

What's so stupid is there is stuff people would be willing to pay for, but isn't available. For example, I would gladly pay retail for each season of the T.V. show Benson - seasons 2-7(?) Yes, I have season one that I bought though Amazon or whatever. For some reason, these companies seem...

Anyone who would trust idiot liberal trash like Jon Corzine deserves it! BTW - Obama who claims to be a man of the people, etc. is very close to Corzine, and quite likely intends to take money lost by people who invested in MF and use it for his campaign...

Yes, and if I did own the underlying, I wouldn't call the position a bull call spread! :) If I owned a put, I wouldn't call it a bull call spread, etc, etc. I'm done with this discussion. JJacksET4

I have done many bull call spreads, and have never considered them to be "collars". A Bull call spread involves buying a call and selling a higher strike call - i.e. with a stock at $49, you might buy the 50 call and sell the 60 call. It has absolutely nothing to do with puts! As far as...

I'm not going to get into the impossible argument over the "free" money of selling puts, etc. but here are some other thoughts on it or items to note: 1. If i am reading it correctly, those AAPL Nov puts now bid at $955, so even if $860 or whatever will eventually work out, the seller could...

Here is the Monte Carlo Simulation picture just to show an example of the numbers I am looking for. JJacksET4

I have done several trades where I purchase the Bull Call Spread and Bear Put Spread on the same stock for the same expiration at the same time. It is similar to a straddle or strangle, but without unlimited gains - however, it can be rare for super large gains to be racked up anyway, so the...

I agree with you - to the OP, please calculate what will happen in AAPL falls to $370 per share, or what if it really gets pounded and falls to $320 per share for example. Then you will understand what playing with fire really means. And no, I don't think AAPL is likely to fall that much...

Must be a bad economy! W. Bush sure ruined everyones life as we are all living on pork and beans, right? JJacksET4

I was looking at some solar plays such as STP and LDK and LDK has huge premiums for puts. The implied vols are through the roof for options such as the 4 strike put for Jan 2012 (200+ IV). The calls are much lower IV. I wonder if I am missing something that people who watch this stock are...

It was just one example - you can easily find 100s of acres for sale for various prices, but nowhere near what things in NYC cost, what gold costs, etc. And then we always have people coming on here saying to buy farmland - just a few rich guys could easily buy up 90% of farmland in the U.S. if...

Just one example of cheap farm land - noone who screams to buy up farmland ever seems to put their money where their mouth is. http://www.pifers.com/view.php?id=1367 JJacksET4

This is amusing as our families' several hundred acre farmland is worth less then a small apartment in NYC. Just how much do you think farmland costs? We will sell ours for $100K/acre (probably worth a few thousand/acre right now). JJacksET4

I don't pay much attention to the site, but since AmericanBulls focuses on Candlesticks, I checked out what they say about SPY right now. It says "Today a Black Spinning Top was formed." It has a WAIT and the most recent signal was a sell on 7/26/11 (according to the site at least)...

That's pretty funny = "living in beautiful building" - almost all prisons I have seen (on TV and driving by - not inperson!) are very boxy, ugly, hard steel, etc. Maybe Madoff's wasn't. I do agree with the sentiment that U.S. prisoners are often treated way too well. I also feel if they...

Bob, I couldn't agree more - who ever heard of paying servants huge lifetime guaranteed pensions that are far better then those of the people they supposedly serve? It is insane. If people want to be teachers, they should be because they want to help people - not because they want to retire at...

Sorry, I didn't see your post earlier. I really don't think there would be ANY issue at all buying that many options when you are talking about MSFT NTM, etc. I mean there was 4000+ volume with 50K open interest on the Aug 26s. I think people make way too big of an issue about buying larger...

I agree with what dmo and rew have said - one thing that might be confusing you is people make comments like I made money going "short IV" and it really was because of time value - but remember that when time value completely runs out, IV will fall to basically 0 - check IVs near the close of...

I'll give a more specific example using MSFT. The AUG 26 calls are ask at $75 right now. With $5K you could buy 67 calls. For the 67 calls to be worth 30K, they would each have to go to $448 - This would happen at a minimum if MSFT went to $26+4.48 = $30.48 by Aug expiration. If you...