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No offense intended akhuto...but please report back to us on your findings once you start trading with the new broker. I think once you start doing the math, that you will find the grass very green here.

Had someone shorted the stock based solely on his post, they would deserve to lose money.

I commend IB on the "$3 policy". Once again, they have stepped up to the plate with a viable solution that balances the needs of many (most). Many thanks to Def and those who work so hard to find the right balance of IB policies and procedures. Another satisfied customer.

They will go bankrupt now...no doubt about it. They are also getting sued by many employees as well because they locked them out of their 401Ks when the stock was around $20...so they were unable to exit ENE stock. I have a friend there as well and was advising him through this. I had him...

I've never seen a 2.5 in the years I've been trading. I had no idea whether ENE and DYN would pull it off or not. There were so many variables, competing interests and angles that it wasn't worth the time to get all the way into it. I didn't think it would work out as well as it did for...

I wound up straddling ENE, taking the 7.50C and 2.50P for .70 total. It looks like the downside will play out as it is now halted at $1.20. I wasn't paying much attention and missed the drop. I'll close the puts out if it reopens today. Hope you made some $$$.

I see a bit of volume on Friday...30-40 contracts or so. There are some very interesting spread possibilities from here. The December 5 strangle is under 2.50 as well. I would gather this whole thing should be played out before December expiration. There are definitely some opportunities...

The chain is EMKLZ. This link should work. I've seen some drastic stuff by big co's that have dropped like stones (under 5) with 10M+ in vol per day, but never a $2.50 contract. I think it's a great thing...I just wonder where it came from...and if I'll ever see another one...

I understand the INTERVAL is 2.5, it's the actual contract for $2.50 that I'm questioning. ENE hasn't split this year and the open interest on the listed contracts is zero. It looks as if they just rolled them out after the close on Friday. I checked a few other heavily traded stocks under...

I was reading the other recent thread here on ENE options and thought I'd check out the available contracts. Both CBOE and QCharts are showing a DEC (and beyond) 2.5 contract. Does anyone know if this is a policy shift or just special circumstances. I have never seen a contract below $5. I...

Gene, I agree. Thanks for the discussion. Best of luck to you and your firm. Don too...:p

I love watching the analysts. You guys are right, they are generally clueless. You have to keep in mind, it's all about the M&A and Investment Banking. The analysts are there to support that function. Aside from that, they are an excellent contrarian indicator. Last May, some clown was on...

I have 4x margin now that I rarely use. I have spent years accumulating the right data mines and tools to bring my setup to optimal efficiency for my personal style. To be forced to pay $600 a month minimum, then be given different tools and software and have to travel to an office every day...

I take issue with this nonsense as well. Don acts like there is virtually no limit on the amount of stock his traders can purchase. I'm certain each of your traders has a dollar limit they can work with (try adding 10 zeroes and see if that goes thru) just as retailers do. This...

I have not specifically tried this at IB, but at every other broker I have used, it has been treated as a new order when the parameters are changed. By your example, it seems as if I could buy shares almost endlessly (at .5 cents instead of 1 cent) by just moving the price around. I start...

In your example it would be $10. Had you not changed the price (or tampered with the remaining 500 shares in any way), it would have been 7.50. When you change the conditions/terms, the old order is cancelled and replaced with the new one.

punter, I'm happy the basics now seem to be working at IB (stops). I don't understand the purpose of relative orders, why would you use an order like this? Thanks

They have no idea where it's going. Not today, not tomorrow and certainly not a week or month from now. Every day, they must attribute the rise or fall of the market to some event. "The Dow lost 67 points today after consumer confidence numbers fell .3%". If it went up...find something...

I understand. I needed the order confirmed cancelled before I could place another. I tried to shortcut the system last week with a frozen pink order and it wound up executing 2 hours later leaving me with a naked call. I wanted the "chat help" person to contact the exchange to get it pulled -...

I'll tell you what happened to me today...and you can tell me how "keep trying on my own" would fix this. Today, IB sent my BEST GTC order (to sell a call) to the PHLX. Well, the PHLX was not making a market in that option contract today. At 11am, my offer was better than the best National...