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Actually, MTE, I mispoke a little. She actually would know what she was going to get if the option were excercised because of the strike price specified. But, the price of the stock may have gapped much further down than the strike price at which she must purchase the shares...

Ok, so now you are in a naked put position again? Well, if this is the case, make sure that you close out the position if the stock price should threatens your break-even position in order to avoid another excercise. It is my understanding that conceivably, you could select options on...

I believe the danger in getting assigned is that you could have been assigned at a much lower price. I think you got lucky in this assignment in that you still had a profit of $1 after the excercise. So, for this reason, I think you should always want to avoid assignments because you never...

I would like to post an addendum to this previous remark. I believe the ideal situation in writing covered calls against your stock ownership at this point would be to have the stock price move sideways for a while. So, if you think the stock price will start an uptrend then just sell the...

Welcome To The Club!!! People here are very rude. So, I totally agree with you. You should be able to come here and get a simple answer to a simple question without having insults and condescending remarks hurled at you. But, you are not going to find much kindness on this site as I...

PM me. Maybe I can help.

Since I never received an apology from Jim Rockford, I can only conclude that he is a jerk! Sorry. Had to get that off my chest. Thank you.

See. This proves my point. Is that a picture of the president, by the way? :p

Oh. And did I fail to mention than no charges at all, are involved? Whoops... My Bad....

Sorry, I meant to respond to this earlier. I need to correct you on this: The SWEEP feature on ETrade brokerage accounts is not automatic. You have to apply for this feature to be added to your account. I elected not to have this feature. What I was saying is I have a separate Etrade...

Imaginary facts? I stated no facts imaginary or otherwise about IB. I was searching for answers. I was asking questions because I wanted my concerns about their appearance of being a CyberBroker and their appearance of making it difficult to freely get your own money out of your account...

Has anyonelse had as much trouble finding the physical address in Connecticut as I have? Correct, it is at the very bottom of the home page (you have to scroll to find it). The problem is it is not obvious. For one thing it is in gray print - A color used to trick the human psyche into...

To Rockford and IB rep: Check my post again and you will see that I was asking questions about IB thus looking for answers via this thread. Talk about people reading but not understanding.....! Ok, I made some errors about my understanding of FDIC coverage. So what? You corrected...

I know that. This is why you should open multiple bank accounts and have no more than $100000 in each of them -- thereby, getting the full faith and credit of the FDIC. Didn't you know you could do that? :eek:

Ok, Yeah. You got me. Etrade is my bank now. They do have their own bank, you know. They have Etrade Brokerage and Etrade Bank (Checking, Savings, CD's, Mortgages etc. etc.) And you can link your accounts whereby you may transfer funds between your Etrade Checking or Savings To or...

Ok, your points are well taken. So just forget about the debit card feature as being an advantage to you (for the moment) and let's concentrate for a moment on the unlimited check writing priviledges. Check Writing -- No fees! -- Write a check off Etrade Account...

I have lived in Houston all of my life and I have come to expect that any letter I mail to another location within the city limits should take no longer than a day and any letter I mail to another location within the state should take no longer than 2 days and any letter I mail to another...

Curious. Does IB offer check writing priviledges for unlimited amounts up to your account value like Etrade does? And do they offer a debit card also like Etrade does? Do they have brick and mortar locations if you want to visit with them face to face? Do you have the option of...

If this is the case then I will just put a stamp on it the next time. :mad:

Thanks Everyone for your reply. But, what I am really wondering is whether a delay like this maybe an indication that the postal service is opening up our mail for inspection under the patriot act? Anyone have insight into this possiblity? If this is not the cause of extended delays...