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Forgot USO .

You're not the first person to think of "shorting" an item. PS3's were great this year. Sell it for 2,000 before the release, when release date comes, buy another one on ebay or craigslist for 1K, pocket the money. Lather rinse repeat.

Keep in mind, he's not running the pit, only representing just a handful of brokers. THe institutional paper have their own guys representing them.

Well, like I said, I might be wrong. I don't think its as busy as you think. I was there for an hour or so and most people were just jacking off and reading newspapers. If anyone else can provide some insight, that'd be great. I'd be curious to know if my assumptions are correct.

As far as I know all the orders go through him only. He handles other brokers as well.

I'm not an expert by any means, so someone correct me if I'm wrong. I've in the OEX pit myself, and actually met the guy that faciliates my orders from my broker (think or swim). When an order came in that was marketable, he would yell out, and thus the price discovery began. If you watch...

OEX is open outcry, perhaps that's why. Are you trading any size?

He also said AMD was trading up on the day...

No, no way man. They've got those two burley brinks employees guarding it.

The fact that they keep showing the million dollars is so annoying, especially since they don't even give you cash, its an annuity. Imagine if every organization that had a contest spouted off "how great it would be to win" . Someone should punch these people in the face..

Guy rule #1 : Never comment on another guy's looks.

Put a limit order in at .05 , let it sit, hope for a fill. In regards to B x A , with TOS, the bid/ask size listed are for the exchange with the best bid or offer. With TOS you can see actual bids/asks on each of the option exchanges though also, same with MB trading.

My friend and I had a friendly wager going on who could double 100K the fastest paper trading. We went with Investopedia. The site is slow as all getout, and the results are delayed, plus you cannot do complicated option strategies (last time I checked). I'd recommend TOS, you get real time...

Tax stuff isn't my best area, so I can't help you there. I thought, however, that you should look over this memo from the OCC. Basically, it says that all GMR options are going to be adjusted by $15 on the 26th, so buying puts now probably won't help...

The fact that MB trading was ranked so highly simply amazes me. Apparently the editors at Barrons are amazed that you can place an order for multiple strikes/months. Unfortunately, you cannot place orders for option spreads, or naked short puts/calls. Its also obvious that they didn't spend...

http://money.cnn.com/2007/03/02/news/companies/txu.reut/index.htm?section=money_topstories Giddy up. Why the hell did it take a week..

I noticed the discrepancy with the cash/futures and knew something was up. Calculate the dow yourself in times like this, just have a spreadsheet ready thats pulling the live info from your data source, and add up all the last traded prices, and divide by 0.12482483 ...

They do if you multiply them :)

Someone could exercise the short leg before expiration.

Be a little more specific . Which index, month, and strike?