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I was referring to the customer. It is a very expensive way %-wise for a customer to get a relatively small sum of money. Joe.

In the Orlando area you would probably be too late. These companies (especially Amscot) have been springing up all over for the last two years. As far as the %, it depends how you calculate it. To get those very high #'s you have to include the fees, it is not just the interest. Of course...

http://www.888options.com/basics/options_pricing.jsp Joe.

Wow! You need to meet more women. Joe.

It's both. It's regressive going in and progressive coming out. Joe.

I knew it was a joke when you wrote that you only made $100,000. Joe.

As the 5+% CD's mature and CD's rates continue to go lower, where else does one put their money? Oh, I almost forgot, there is a bright shiny future ahead. :) Joe.

I think it has been said several times in different ways: this is buying a job with more hours and risk. If he must do it and you want to help, I would make it a loan and stay out of the partnership. Secure the loan as best you can but I would also be prepared to possibly not see all (or...

"... Then they tell you practice makes perfect ..." ****************** Perfect practice makes perfect! Joe

The thought of why puts are "better" is that the underlying can not go to less than zero, however, for calls, the upside is unlimited. However, given your question, what makes you believe that this is a way to make "income"? Joe.

I don't like it. With such a small margin and a relatively large SD, trade size would have to be relativley small to prevent ruin. Even a $50K trade only "nets" $50. Not with my money. :eek: Joe. :)

:eek: :) Is this for a 1-shot deal or do you think you need 50-1 as a long term trader? Joe.

Are those braces? :eek: What will cheap money do to the price of stock? Joe.

Have any of the same traders that "saw" the reversal signs ever seen them before and a rally didn't happen? It's a percentage play. Sometimes you're right and sometimes you're wrong. But to make it seem like a foregone conclusion is wrong IMO. Joe.

Straight from Yahoo Wall Street has pulled off a dramatic turnaround in the last hour of trading, closing higher amid word that a bailout plan for troubled bond insurer Ambac Financial could be announced next week. Of course, they will use some form of this to explain why there is a future...

Size DOES matter!!! :eek: Joe.

Certainly as Wood describes, one should try to use such a situation to their advantage. However, one must also know thyself. If one is not able to figure out how to emotionally handle the situation, change the situation. Joe.

The secret is: There is no cage!!! Joe.

IMO, options are ALL about the underlying. The average options "player" is destined to lose the spread and commissions. You need to formulate a plan as to how you are going to profit from the underlying before you can decide how you are going to "invest" in your position. Many books act...

We are here to mourn the passing of the economy ... Joe.