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And a very simple way to protect yourself is to buy an equal amount of call contracts 1 or 2 strikes above the short contracts with the same expiry for a credit spread. Or: Buy the shares for a covered call.

Position closed SNDK @ $64.26 Buy to close April 60 put @ $1.15 Sell to close April 55 put @ $0.25 Gross Profit $575.00 Commissions $140.00 Net Profit $435.00 I closed before expiry because of the earnings this Thursday.

rsethura1........your 3rd post has a very bad typo. I'm surprised you didn't correct it.

How about changing N.O.T.S. from Novice Options Traders to Novice Option Traders Society?

Position still open after almost 2 weeks. Interesting to see first hand how the upcoming earnings (April 20) is affecting the IV to my disadvantage. SNDK @ $59.17 April 60 put @ $3.60 April 55 put @ $1.30

I'm sure EliteTrader has seen this, but I thought I would mention it. A trading forum I go to once in awhile has added a new feature to the posts that will turn keywords into links to sponsers. ------------------------------------- An example post: "I'm looking for a forex broker. I trade...

I don't think THI (Tim Horton's) meets those conditions and options are already available. IPO 2 weeks ago. Wendies owns 85% of shares. But then maybe being spun off from Wendies might not apply in this situation.

That was fast, Tim Horton's (THI) already has options. I always thought there was a short cooling off period before options are available on a newly listed stock. THI has been on the market for only 2 weeks or so.

I doubt very many people continued to trade with RefcoFX after the bankruptcy, I also read that during the short time frame from the news of RefcoFX's troubles and the freezing of the accounts that close to 1/2 of the funds were withdrawn, I think about 5 days. So RefcoFX clients did act...

Why bother selling on the RefcoFX account? Gains after October 17 might not be honored, losses I'm sure will be honored if those accounts are "rescued".

As a RefcoFx account holder I was glad that FXCM stepped up to the plate very fast. But they have been very confident in rescueing our accounts during the last 5 months, I think driving the media away. If FXCM doesn't rescue our accounts I can't see the media covering this story because it's...

The IPO one month before the bankruptcy, I wonder what Bennett was thinking at this time? RefcoFX Chairman President & CEO Phillip R. Bennett rings the opening bell on September 9, 2005.

I suspect that it's a lot less than 17,000 retail clients. The number is 17,000 accounts, I had 2 accounts with the same login and username and my guess is that 50% of RefcoFX customers did also. So I think it might be about 11,000 retail clients. I'm from Canada, and even though I had to...

Reason why downgrades/upgrades should not be allowed: 24 SNDK downgrades in 5 years: click here SNDK 5 year chart: click here

No I haven't. But I will within a few days.

Took only 2 days for this to "tank". I will update when I close, hopefully SNDK can bounce back to $60.00 before April 21.

That is a good point. Why post your knowledge for free so that EliteTrader can profit from it? I have very limited knowledge on trading, but I did set up my own trading website last December and have recouped my start up costs plus 1 years hosting. I would say that there are about 15 key...

RipRocK/connor_maxwell You didn't even know which post we were talking about, you should get your facts straight first before taking credit for starting this thread. My original post contained 2 things that set Kevin off. I stated my loss with RefcoFX, $728.00. I stated that I felt there...

I am a RefcoFX account holder and have entered the data in your database. But connor_maxwell used ID KevinHenry to start this thread, KevinHenry is very similiar to kevin_henry55. You either have one member with 2 ID's, or one member impersonating another member. Not good. Len Whistler

I have heard of them, but never visited the site. Thanks for the tip. I will check them out.