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The recommendations I made are for someone sitting at the computer watching their positions. Familiarity with a particular underlying should let you see when it is starting to run or tank and that is when you go long to protect yourself and make some $. If I was short a Dec 80 put on COP and it...

I used smart as always and it routed it to CBOE. It's not a big issue as it wouldn't have executed anyway and I only called them to find out if there was something wrong with my account that prevented my order from going through. In years past it was common for orders to take awhile to make...

To Jim Rockford Here is a link to another post I put up regarding delayed postings on the CBOE that I had placed through IB. Maybe you can shed some light on why an order can take 5 minutes or so to show up on the screen. http://www.elitetrader.com/vb/showthread.php?threadid=106624

None. Their answer was "Well it's showing now".

Was interested in GSF calls a few days ago . The spread was 290x320 and I placed a buy at 300. Nothing changes. After a couple of minutes I call IB to find out why my order isn't showing. While I am on hold waiting for a rep the spread goes to 295 x 330, then 300x 340, which of course is when...

What you do is you react!!!!!! You either: 1. buy the stock to cover the short call and make $ as it goes up since the delta on the OTM call you sold is less than the stock. 2. buy calls with higher deltas than the short calls and make $ as they go up at a faster rate 3. if tanking buy puts...

"it might not have been out of the realm of possiblity that you might have been expected to be informed of holidays and how your TWS system works. I mean, it is your business isn't it? True, true, true, true and I must say that dealing with IB over the years has taught me the necessity of...

Well for my 2 cents worth, stocks do one of 5 things and if you are a seller of options , you make $ on 4 of the possible movements. So your only concern is limiting your loss on the one big move that could go against you. That should be easy enough to do by doing spreads on the more volatile...

When I first started trading I was trading options on the Q's and OEX. Market was swinging back and forth with the Gulf War, SARS, mad cow disease etc.. I doubled my account the 1st month. Then in the 2nd month the NAZ went on a 10 day run and I started buying puts on the Q's and OEX after the...

You might watch LFC as a stock that has some pretty good moves during the day and has been on a strong upward trend. BUT it is Chinese.

Speaking from experience, funny how when you are paper trading it seems so easy to sell lots of naked puts and calls to reap the benefits like the pros. Then when you start using real $$ and see a huge chunk of your portfolio tanking because you sold naked options on a stock like TASR when it...

I'm not suggesting you own stock or not. As a stock holder I would only want to hear customers rave it up as such a wonderful company so other's would invest . As a customer, I'm more interested in seeing what problems other customers have so maybe I can avoid getting in the same situation. My...

"we think that such posts are contrary to our interests as customers of IB" Where does this come from???? I've been with them for 5 years and as far as I'm concerned the more criticism they hear the better. Maybe they will put an effort into improving things, especially now that they are...

Because I'm a poor boy who trades options because he can't afford the stock.

I have a basic understanding of stochastics but can't figure out how you could chart say the 3 day fast and the 5 day slow to see were they might cross each other. Any insight would be appreciated. Thanks.

If you think that is a good IB story, here's one of mine. I went long 50 contracts on the qqq's when Sadaam was captured. The market tanked and none of my stops were executed. When I called them up to find out what had happened they said their computer had gone down for awhile and they couldn't...

In 5 years of trading options I've never exercised one and don't intend to start, I always cash out. I just want to know what the strike price will be on the new option that expires on Jan 09 and is only equivalent to 50 shares of the new company. I'm sure it will all even out in the wash and as...

Well now you see why I said getting a correct answer out of IB was next to impossible. I had thought there was a standard procedure before talking to them. So... it sounds like my LEAPS would be protected and they wouldn't loose their value due to the merger. I still can't get me head around how...

I knew I could exercise my options prior to the merger and receive the $26/share + 50 shares of the new RIG. I had asked IB about the process on LEAPS and they told me there was no standard procedure and GSF would put out details of how they would handle options when they put out the meger...

My broker is IB so getting a correct answer from them is impossible, they are useless.