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If I were daytrading a stock and it hit my target price, yes, I'd wait for a pullback before selling. With options, I'm a little more strict. I'm usually trading 10 lots and only aim for a .15 to .20 profit, so a pullback can mean missing 1/3 or 1/4 of the profit on the trade, so I usually...

You can pray that the company will do what's needed (file late reports, talk to regulators over their concerns about business practices, etc.) to get relisted. DYII got relisted. IPXLE likely will be relisted. ASW went to the Pink Sheets and seems to have disappeared. Are you talking about...

Don't be so hard on yourself. With a volatile stock like this (look at what happened during the first few minutes when it retraced all its gains), you can't be expected to nail the top or the bottom. I was scared to play with BIDU, so instead I bought NTES 80 puts after NTES rocketed up $6...

I'm not sure this is true. For instance, unless you direct route an option order, Ameritrade routes it to a specific exchange that they determine for each option series. I called them up because my orders weren't getting executed even when I was trying to sell at the inside bid,and my orders...

What's the procedure for choosing alternative account servers and market data servers? Presumably just editing jts.ini... what are the possible host names/port numbers we can use?

I think, if you use SSL, your trade and account info go over one connection (to gw1.ibllc.com:4001) and your market data goes over a different connection (to gw1.ibllc.com:4000). I imagine each of these hosts are really server farms with lots of bandwidth. And the bandwidth needed to get...

When a long call I own is exercised at expiration, what's the effective purchase date of the underlying, for long-term capital gains purposes? Date of option purchase? Friday expiration? Monday after expiration?

Or use the ticker base symbol QM.

After hours trading is similar to regular hours, but with a few differences. You can only enter limit (not market) orders, and there will be fewer participants, so the bid/ask spreads will generally be wider and the amount bid/offered will generally be smaller. A stock that has just announced...

Did you call IB or use the online assistance or post on the IB bboard? I hope the first they heard about this error wasn't your post here on Sunday.

Here's another interesting one. CYBX was halted today about a half hour before the close, at $44.98. Then it was announced that the FDA approved its device. It's still halted. Indications are that if it resumes trading today, it'll trade at about $50. People who hold July $45 and $47.50 calls...

I suspect they'll do fine with the support of big retail brokers. I've found that Schwab, for example, sends all SPY orders to ISE, even if it locks the market. I've lost out on a couple fills because of this.

The 8-K with the earnings details came out a couple minutes before the official 4:30pm announcement.

FWIW... Ameritrade sends email a couple days before expiration warning us to have enough cash, positions, or buying power to cover any exercises or assignments, and says they "reserve the right to liquidate on the final trading day before expiration if the situation warrants."

IB does the expiration on Friday. I got flagged as a PDT there because some option positions I opened on Friday-before-expiration-Saturday expired worthless and the act of expiration got counted as a day trade.

I've used Interactive Brokers' TWS on Solaris. It works with either the java command-line programs or a browser with the java plugin. Ameritrade's Streamer, although I hesitate to call it a platform because order entry is still like filling out a web form and hitting a refresh button...

I must just have bad luck, then. At one broker, my orders were sometimes locking and even crossing the market - so I asked them about it. They said that for each option series they've chosen a specific exchange to route to, and the rep told me that they do not guarantee that the customer will...

Maybe try Herb Greenberg at marketwatch.com or the folks who write the online trading column at Barron's. Perhaps even just writing to them and cc'ing E*Trade will get ET to move a bit faster.

Ain't it the truth. Look at CELL's chart today. At 13:15, briefing reported that Deutsche raised CELL's target from $24 to $42. Stock shot up from $22 to $23.15 in a little over 4 minutes At 13:26, briefing reported that the $42 was a misprint, and the actual target was $25. Stock dropped...

Volume yesterday for the IBM July and August 75 and 80 calls totalled around 20K contracts, or the equivalent of 2 million shares, while IBM's volume was 8 million. That's not too small. What I do find surprising is that options on SPY a dollar or two in or out of the money have such small...