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Well there could be. but you do know you used the number 2 million right? That's not much more than a medium sized apartment building over there....lol (just kidding of course but it illustrates the point). China I believe has something like 1.4-1.5 billion (give or take about 1.3 officially)...

your good to go. unless you have a broker that is very slooooooow in reporting to you. then of course all bets are off. To bust a trade the person wanting the trade busted has a very short and small window to ask for the trade to be busted as I understand it. When I asked for a trade bust...

Isnt past your bedtime young lady???

I wonder what the dead sailors of the S Korean ship that sunk recently think about the cease fire........ but there is a de facto end of the war. Kinda like with the native American tribes that are still technically at war with the USA I have never been to N Korea but I have thought about...

yes I do and I been to Korea and even had a gun pointed at me (I dont recommend you add that option to your tourist package if you go over and visit) and the post was about the Won falling and my total disgust with America giving the bastard aid which allows him to stay in power and abuse the...

Good use of numbers, looks like a zero sum game. No such thing but interesting non the less. Maybe you can answer this. Who DOES own stock and options that we are buying and selling? Do you think that when you "buy" a stock that you own it? Most likely you do NOT and your nothing more...

Thank you for your post. I have not had an out of the money at 3:31P CT option get exercised on me but I rarely will allow an option to remain short if I can close out cheaply. It would be interesting to know how many IF ANY options that are out of the money at 3:30 but go into the money...

BP continues its seemingly never ending losing days 14 days, 14 days in a row that is. 14 days in a row BP has closed at a price lower than the previous close and it even went lower in after market trading tonight but at least did not close at the low of that. Not really much of a prize that...

king jung II ordering solders to get ready to combat. Makes me real proud that America has given all that taxpayers money away in aid to win the hearts and minds..... I think we stop the aid and see if the people get hungry enough to make some change you can believe in over there.

"we sure went down with that ugly bitch" or something like that in Wall St. I took a hit in after hours with BP because it just looked so heavy with the bids getting whacked over and over. also closed my short with the 30yr fut option I had. Thinking that saying "a small loss is a good...

yes had I held over the weekend but that misses the point completely. I am long BP both in stock and short puts but I would have covered and exercised at the same time so actually no money was saved it was lost. Although I no longer have a belief that IB was the resulting factor or did...

From the CBOE website - http://www.cboe.com/learncenter/glossary.aspx#expirationtime Expiration date The day on which an option contract becomes void. The expiration date for listed stock options is the Saturday after the third Friday of the expiration month. Holders of options should...

Thanks John It is interesting that based on that website the OCC is jointly owned by the exchanges and they set a time limit of 4:30P CT as a cutoff time to exercise an option that does not expire until Saturday Your link website also says that the OCC is the counter party to all...

They did around 1776 and kinda became tired until in the early 1900s when they totally fell asleep again.....

Thanks Def, That ends it for me in terms of what is happening and thanks for clarifying the issue.

Swan, Great post and I too remember negotiating commissions from $35 per ticket down to $25 which back in the mid 80s was not bad for retail and my 50 cents I had invested in the broker account. In the world of electronics and a competitive landscape I may not fully agree that it is all...

Trade2live, Respectfully, you are missing something but I do not mean it in a rude way. Trading does not stock at 4PM actually. Trading for most stocks on any given day ends at 8PM. regular trading hours may end at 4pm ET. For example, BP ended at 4pm ~39.83 but in after market...

Def, Does IB have to go through the OCC to exercise an option is is there any other method/way to exercise without the OCC? Having this one question answered would clear this up for me quickly. Thank you Robert

Could you please show the source of your information? I am not saying your wrong but it would seem that clearing firms could close out their own books without the OCC if they wanted to.

"This is a silly complaint, IB is doing nothing wrong here." - Why? why is it silly to want to be able to exercise an option that is still within the life of an option? How do you know clearing firms (lets take IB out of this) is doing nothing wrong? do you have anything at all I mean...