I have a hunch these alt energy plays are an emerging hot sector, kind of like homebuilders, exchanges, soft drinks, chemicals, etc..
http://news.com.com/8301-10784_3-9732232-7.html?part=rss&subj=news&tag=2547-1_3-0-20...
Hey OptionsCoach - I strictly trade index options and I tried not reporting my gains in 2005. I then got a letter from the IRS saying something to the extent of, "hey man we got this 1099 from XYZ broker - send us the cost basis for your trades, or you're paying taxes on $x million of total...
Mandy Drury for me - she is actually on CNBC World. Check her out at around 8:00 pm ET. She has DSLs, nice cans, bedroom eyes, great accent - the complete package!
http://www.cnbc.com/id/15839031/
By "russle" do you mean Russell? Did you just crawl out of a cave or are you foreign or something??
Yeah, I think we all got this down already since it happens every year. Last year the front runners got roasted, so this year could be interesting.
Do tell Nostradamus, how are you...
Do youself a favor and buy to close that position ASAP and go to cash. As a long-term hedge, I would recommend taking up a hobby such as scuba diving, photography, or basket weaving. Never selling another option ever again is the best hedge I can recommend.
Ever hear of Warren Buffet? He is all over the place all the time and never travels with a posse. He is also the 3rd richest person in the world and is arguably the best investor period.
I interviewed at ETG in about 2002 and found the branch manager - I believe his name was Sloan - to be a complete cocksmoker. He was about 5 feet tall and had a really bad Napoleon complex. I did not even follow up with him after my interview since he was such an asshole. if this guy still...
Dude, "huh?" is right. I dare to say that you don't have a very good comprehension of butterfly spreads.
Model out a July 90,91,92 call butterfly spread on IWM and you'll see what I mean. Your max loss is $50 while your max return is around $900. you will be sipping on Don if the vols...
Try an out of the money butterfly. That should fit your risk/reward profile.
If the underlying moves AWAY from your short strikes, you have limited losses (sometimes no losses). If the underlying moves TOWARDS your short strike, you will be dreaming of that new Bentley and how you are the...