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What would prevent GS from going long the market just before their bid of say $6? They would would eventually get 'paid' to take over LEH.

Blame the speculators

btw, HAD someone held a gun to your head and made you sell naked options, and you chose calls, you would have made some nice jack.

If thats your opinion then buy 'em. IMO, WAY too short a time period for being quite a bit OTM.

They clearly got it wrong. Bring it to their attention.

The companies in the SPX have paid their dividends all along, whereas the SPY holds them all for a quarterly dividend, which happens next Thurs. The disconnect right now is equal to the quarterly dividend, and when that's paid the SPY will drop 70 cents (or thereabouts) next Friday in relation...

I doubt money is leaving Lehman en masse, but more likely money has been moved into a different type of 'protected' account (can't recall the term at this second) The stock price tells the story.

Just a quick question here. The SPY is setup to be 1/10th the SPX, however there is a slight disconnect that occurs and it's pronounced right now (approx equal to the SPX 3 month dividend yield). Is it because of the distributed dividends reflected in the SPX vs the undistributed divvies in...

There will be no ease. Get real.

Could be either a MM or trader Market order would likely get you filled at .40 but enter any limit price you want. btw, prices should be in pennies - looks like your example uses nickels. Second example: If the call is 33% of the underlying it ain't gonna drop to .20 under your scenario...

If I want to take a long position in the hand basket industry, what would be an appropriate vehicle?

I think he understands because the math couldn't be any simpler. He wants another 100 shares of Teck Cominco and selling 1 put contract will either: a - allow him to own the 100 shares at a slightly slower cost than the market price at the time of the trade b - be paid $168 for the period...

I believe his decision was to either: 1. Buy 100 shares of Teck 2. Sell 1 contract slightly ITM puts. What is the risk differential between the 2 that he should be aware of? You are indicating he doesn't know the risk profile of his position. I think he does. Furthermore, he didn't...

The artist formerly known as Riskarb now goes by Atticus.

If your reason for selling the put is you want to accumulate more stock then you are fine. If you get assigned you saved a little vs just buying it at that time. If Teck Cominco is above 40 by next Friday, then just do it again for the October expiry. Another (bad) reason for selling a...

Has to be, for the lack of an "a". (Page dropped the a as he didn't want it pronounced LEED Zeppelin)

He seems fairly high maintenance, but his hosting of FM is fine for me. It's just chit-chat. Not much different from ET. I spend more time watching the Kudlow show, and Cramer KNOWS NOTHING!

Need some more info. What stock? What selling price of the option and stock at time of sale? What strike and expiry? Are you using leverage? (do you have cash to back up the possible assigment or are you using the stock you have as collateral?) Writing a call against the underlying that...

GOOG is the new MSFT and that's not a compliment.

It's just Bill Miller averaging down.