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apparently you don't know what the bancroft family is.

Buying calls is definately not a bad play. AMD releasing their quad-core processor gives them a very good opportunity for a big jump in share price -- if their processor outperforms intel's.

Hmm, sounds like the tech bubble! "Who can lose money in a market like this?" Didn't people eat those exact words?

FIFO is a perfectly legitimate way to distribute options assignments. After all, the longer you are short an option (american option), the greater the chance you will receive an assignment. Either way, most of the time when there's 1 person exercising, the majority will be exercising. The...

Hmm.. I believe this is a chain letter or something sent out a few years ago.

Hmm, LOL, this does look like his homework assignment. You rarely state time to maturity as .25 or .5. At least, I know I think in terms of days to expiration, not ".25 years to maturity"

If those are really your PnL over 5 years, then you need to stop gambling w/ the market. Because you're obviously a losing trader (gambler) if that is what you have to show for 5 years of DTing.

LOL, yeah.. after he loses a few hundred more, and lowers his target.

Yes, but keep in mind w/ short options, you can easily get stuck w/ a 500% or more loss.. I know it's happened to me. It doesn't take a company to go bankrupt for you to mount massive percentage losses w/ short options.

First off, options "shouldn't" be used to do anything. You should use options to fit your own strategy. If you want to use them to reduce risk, then that's what you SHOULD do, if you want to use them to speculate, then that's fine too. There's no one main purpose for options. Writing naked...

Is that site legit? If it is I'd give a shot. They ask for SSN upon registration, and that's something I'm not willing to give em.

You also want to be theta neutral if you're holding long options for a while.

The story sounds like garbage to me.

Panzer, not true at all. By your logic: CC, sell the stock, then close out the call later, so you're turning the covered call into a naked call Naked put, short the stock, then close it out later, you're turning a naked put into a naked-call-equivalent position. So no, naked puts...

He said carry the dow skyward, so im sure 21K is what he meant.

I tried to short MOT today.. marketable order sat for like 30 seconds. I said fuck it and cancelled.

You should be glad it's not $1 million 100K is pretty low to get this kind of leverage.

Puntastic! :D

Social security's going bankrupt soon. The ponzi scheme is over.

I think the SEC is going to make them come to the US to defend themself if they ever want to see their money again.