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Heard from a friend that some ex-Enron employees were able to get some of those plasma screens for $100 !! Granted, people outside of Enron got them cheap, but not that cheap !! Even after all the scams, they even pull one off in a bankruptcy auction !! Vega:D

I don't know any sign language, but from the hand signals used at the CME,CBOE, and CBOT I would have to say no. Vega:D

A derivative of a derivative of a derivative.....:p Trade 'em up !!

Here's an interesting situation--Let's say I SELL a put in the VIX, does that mean I'm long volatility by selling premium ?:eek: This product is going to lead to a whole new game of arbitrage, time to start finding your angles gentleman !! Vega:D

That's where your risk is. If futures go up more than the price you sold the put, you lose because your upside protection has been limited by the price you sold the put. Vega:D

First worked for a brokerage firm dealing mainly in the SPX, OEX, and NDX, I was a phone clerk-- but told people I was an Institutional Derivatives Marketer (I was, kind of, I called Goldman and Solly and tried to peddle my other customers crap orders to them). Then I starting trading those...

I mean, just cuz the refineries were shut down from the blackout, several other refineries have been down over the summer months due to other issues (fires, production problems, technical issues), trouble in Nigeria, Venezuela still a big question mark, trouble in Iraq (still nowhere near...

.....are every trader's dream!!!!!!! Obviously if you can put on no risk trades, with huge profit potential you would do that as many times as your account allows you. The MMs are not going to give you a free lottery ticket, if you leg into the spread, then yes, you have no risk, but you're...

Instead of trying to leg into the 10/20 call spread for 10, why don't you try and leg into th3 15/20 call spread for 5 ? By selling the 15 strike instead of the 10 strike, you're selling more premium against the premium you're buying. Obviously you don't make any money under 15, but making 5...

You're getting way to worked up for this, and allowing $$$MrMarket$$$ to get the best of you. Personally, I don't care which one of you has done better since 1/1/96, I don't care if either of you have beaten the S&P, I don't even care that $$$MrMarket$$$ probably has more hair on his back than...

"Also, did you know that it was the gay movement that started the trend for men to shave their body hair?" That's more than 15% funny:p

I've been looking at the options prices on CSCO, and trying to come up with an advisable position, but I've been running into trouble trying to determine what exactly your market outlook is on the stock. If you could provide a little guidance on where you think the stock is moving, a time...

If CSCO is trading at 20 (I know it's a little higher now), then the call spread will have close to zero theta if not positive theta. Without using any kind of option calculator, the easiest way to figure out the theta of a trade is to look at the out of the money options at that strike. For...

Just giving you a hard time, my extremely hairy friend. I wish everyone that trades anything the best of luck, and indeed your returns are impressive. Everyone has a style of their own as far as trading goes, I'm more of a technical trader, your into fundamentals (I know this has been covered...

Is that it will probably be about 4-6 weeks before our good pal MM comes back to tell us that HELE, trading just under 25 currently, is now trading at 28.75 (nevermind the fact that it may have also traded down to 20, lol)-------another staggering gain of 15% or more !!! :p See ya in...

Perhaps this will put your mind at ease. While initially you may not feel that you are contributing to society in the same way as a policeman or fireman, but if you're successful and making money, as you all know Uncle Sam is standing there with his hands out. Whether you realize it or not, by...

You are correct, I need to learn to put away the crack pipe on work days:p If the stock is at 20 or around 20, Nitro can play the fun game of exercising his long call, or trying to buy the stock under 20. As an ex-MM, I miss the good ol' days of guessing which of your short ATM strikes will...

Nitro-- I just looked and saw that the sep 20 put is offered at .20 !! If you sell this call spread, the sep 10/20 call spread for $10, then yes, you obviously have nothing to lose (except commissions as you have stated). The risks have been pointed out, early exercise (especially if a...

My brain hurts after reading all this..............too confusing this morning..........I'll throw in my 2 cents in a bit. Vega:D

Yes to all of the above alex. Buying a call and put of the same strike, same month is known in the biz as buying the straddle. It is also one of many different ways that you can both hedge your profits, and also let a winning trade keep going. Not only is it legal, but very common. Vega