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  1. J

    Options Commissions

    haji, Some good and valid points. First off I want to say of course, any broker would be better for the user with lower prices for the same features. 1. I second what the other poster said - OX does this just like Fidelity has active trader rates and many others do. Not just an OX...
  2. J

    Options Commissions

    To say a few good things about OX: 1. You can contact them about getting active trader rates. The girl online basically told me I could get it and I asked if she was sure I qualifed and it kind of sounded like just ask and you get it. I think the rates are down a bit just from their normal...
  3. J

    Taking 5,000 to 100,000

    I definitely vote for penny and sub-penny stocks as the best likelyhood - however, it is probably also the easiest way to turn an account from $5K to $0 as well. I was looking at and close to buying this stock a couple of weeks ago: http://stockcharts.com/h-sc/ui?s=SFIO That's about a 10...
  4. J

    Post your losses here

    Maybe that shows how rare silver really is! :) I can show you people who make 100K+, have a net worth in the millions, nice house, lots of retirement funds, etc. Group 10 of them together and they probably have a few ounces of silver. Short term no one knows what it will do, but the long...
  5. J

    Will SLV touch $10 or $60 First

    Interesting "future" chart. If SLV were to fall to $18 in about a month, put selling might be pretty interesting, especially since the IV should be quite high then. We'll see though. JJacksET4
  6. J

    Will SLV touch $10 or $60 First

    No, it can't - sorry :) Remember that when silver was floundering all those years in the 90s, 2000s, etc, there was little or no memory of high valued silver because it was so long ago and really only lasted a few days - so very few people were buying as an investment hoping it would hit $50...
  7. J

    Will SLV touch $10 or $60 First

    I know this kind of number if often quoted, but it is really misleading - how many millions of dollars went into mines that didn't produce any silver? How many companies went under? Just because one large company can "produce" silver for $7 when their operations are humming doesn't mean much...
  8. J

    Transferring wealth into a tax deferred account

    Without thinking too hard about it, here are some thoughts: 1. You would lose money with bid/ask spreads, especially since you are mentioning it would be deep OTM strangles. It seems like this could be a serious amount, since the B/A spreads for the options would often be something like...
  9. J

    Which Republican Candidate will be best for our economy?

    Those are both excellent ideas if implemented correctly. I should add the Scott Walker is to be commended for bringing alot of the union stuff to the forefront (another comment - I saw a union teacher was charged with attempted murder, and put on leave WITH pay lol). I think Romney has...
  10. J

    bought two AGQ May 200 put

    Geezus. $28.00 now at the time I'm checking! Still, like the other guy said, great trade - I had no idea AGQ would fall that much that quick. JJacksET4
  11. J

    SLV Straddled Here

    On 4/25 with SLV in the 46 range, I did the following trade: Long Oct 51 Calls Long Jul 45 Puts Short Jul 35 Puts I closed the position probably one day too early on 5/3, but made about 16% or so. Figured silver was going to move one way or the other but I wanted a cheaper purchase...
  12. J

    OBAMA TO MAKE EMERGENCY STATEMENT @ 10pm EST : FOX NEWS

    Bin Laden killed about a week ago by a U.S. bomb. According to reports.
  13. J

    China $50 Trillion

    So if they both do it, then who rules? The U.S. has some cards we can play well above these guys IMO and these countries are a long, long way from world dominance in any way.
  14. J

    China to Purchase $1 Trillion In Gold

    That would only have a reasonable impact on the gold supply in the world. On the other hand, if they wanted to buy a tiny fraction of that dollar amount in silver, they would wipe out all silver in existence. Check this article (written some time ago, obviously based on the prices)...
  15. J

    AMZN strangle after earnings - a thought about others as well.

    I remember that some people used to comment that Google had a "funny habit" of reporting earnings the day before expiration. With weekly options, now there are many hi flyers that do that! Of course, with great potential comes great risk plus excitement and frustration! JJacksET4
  16. J

    AMZN strangle after earnings - a thought about others as well.

    Just another quick study using RIMM here: (All numbers according to Yahoo - sorry if any typos or errors!) Apr 27th close - 55.57 Apr 55 Call close - $81 Apr 55 Put close - $22 Straddle cost $103 First of all, with earnings coming tonight (28th) I am surprised looking at this that...
  17. J

    AMZN strangle after earnings - a thought about others as well.

    That is certainly possible. It happened just recently with BRCM. The only thing to fear is an upgrade or some good news coming out of the company. Just as a note, if RIMM opened at EXACTLY 50.00, I did a quick calc, and predict the puts and calls each to be about $25-$40, so a straddle...
  18. J

    AMZN strangle after earnings - a thought about others as well.

    Forex, I see you added "I think a strangle would be too expensive - go with the direction, which is down." Of course, then you are making it a directional play which may or may not be OK. We just don't know what the puts and calls will cost assuming RIMM did open about $50.00. If...
  19. J

    AMZN strangle after earnings - a thought about others as well.

    Well, There is always a possibility of a rebound in RIMM tomorrow (I have no view on the stock either way). Also, we don't know what those puts will cost tomorrow yet if RIMM opens at $50.00. So, the idea (if they are cheap!) would be to buy the straddle - the 50 puts and the 50 calls...
  20. J

    AMZN strangle after earnings - a thought about others as well.

    Tonight After the bell, RIMM reported earnings. So far the stock is down 6.48 to 50.11 according to Yahoo at 7:43 EST. IF (and only IF) RIMM were to open very, very close to 50.00, it would be interesting to see what the 50 straddles for Apr (now only 1 day left) would cost. If they were...
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