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I'm not an expert on this ETF, but what about GLD? It appears to have leaps to Jan 11. JJacksET4

I just wanted to add this - in general, "Feb 20 option" implys a strike price of 20. There is no reason to mention the day of expiration (or actually the last trading day) unless maybe it is a custom option (in which case that should be mentioned). Mar options will end trading on Mar 20th - no...

That reminds me of a guy on a Yahoo message board. For some reason, he wanted to be long and short the same stock at the same time. Not sure what good that would do, but I mentioned that if he really wanted to, he could do that by having 2 accounts. JJacksET4

This would be like "shorting" lottery tickets. You know - you walk in to the store, say "I'll short 1,000 Super Lotto please", they give you $1,000 cash and if the number picked don't match any of the numbers you got, you're off the hook. On the other hand, if they do all match one of...

Yes, I agree with this - I bet you they can live off $55K per year - they just aren't trying hard enough. Geez. Even when I got my first real full time job in So. Cal, I took another job delivering newspapers from about 1-4 AM. If one of these people worked an extra 3 or 4 hours per week, it...

Traden, I'm certainly no expert in this field or anything, but the problem with teamwork is that during the tough times especially, there becomes issues between team members. If the team has 10 people but runs low on food where only 5 or 6 can survive for example, stuff gets bad, etc. - egos...

I'll just post a quick one here giving my view on averaging down and why there are many different opinions. Averaging down clearly can be very risky, but someone people "get away" with it, therefore thinking it can be a valid idea. First of all, to continue to average down, you need to...

Mark, I understand and appreciate what you are saying - it is possible for a 5 strike put in an extreme case for example to quote at 4.5/5.5 and you could find yourself at a point of $-50 in your account if you had zero cash after the put sell, etc. I do agree with you that in a scenario...

Well, I'm not going to argue anymore, but understand - there is no margin here - my brother doesn't have a margin account. There is no formula - the formula you see is for margin accounts. They cannot force a non-margin account to use margin. They (the broker) know a 20 put can never be...

Woah! How can a 20 strike put be worth more then $2000? Other then maybe by a $10 spread or something, it's not going to happen! IV can go to 1000 and it won't happen. JJacksET4

RiskFree, Personally I consider a "Cash-secured" put to mean that no margin is used. In your example, you mention 20%. I consider - if an account has $2000 in it, you could sell one put with a 20 strike to be cash secured - that's it. If you sell more then one, or you sell a higher...

Yeah, I would probably vote for Montana or some rural part of Canada. Not to say it would be the most enjoyable place, but would get you through most likely in better shape then most other people would be in. JJacksET4

Maybe it's just been a particularly cold winter. I grew up in North Dakota and there were certainly weeks where it would have been almost unimaginable to buy a car. JJacksET4

TWORIP, Sorry if I missed it because I didn't read this whole thread in detail, but I thought you said you were trying for portfolio margin - and if you are selling naked calls, how can you be cash secured? I understand cash secured puts, but is it possible to be cash secured for uncovered...

Noob, Welcome to the current market! The fact that options are so expensive right now is a direct connection to the general fear in the market. Puts and Calls get more expensive because nervous shareholders buy up puts, and bullish investors who want to leverage what they consider to be...

increasenow, Please read up some more on IV. The poster's point is that generally the market's IV is high now, making the premiums paid for purchasing calls and puts more expensive then the same options would be in a calmer market. The current IV just gives an indication of how high...

Mark, The GEWCI mentioned is actually the March 11 call. As I'm sure you know, GE options usually have GE followed by the options code. However, there have been more options made for GE then usual because of the market. I guess GEW was used to make more codes available. Of course, I...

This is kind of an odd way to look at this, but if the demo trades do real well, you might not be happy (since they were demo) and if they do real badly, you might be happy (since you avoided actually doing those trades)! As far as will the trades do well or not tomorrow - it looks like they...

Something like that is exactly what I am expecting as well. Kind of a minor detail to omit from the report isn't it? JJacksET4

Here's what I don't get though: (from the original post) Gloria Chilson standing outside of the house in Lehigh Acres, Fla., where she lived for 18 years until it was foreclosed. “I knew it was coming,” said Gloria Chilson, 56, the former owner of the house,... If she bought...