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Thanks for taking the time to reply Def I can think of no reason why option exercises need to be done by 4:30P CST (they are located in Chicago I believe) on Friday other than it is to the market makers advantage to have the limit in place for an item that has not yet expired. This is...

The day started out early again today I didn’t have any trades that I needed handling although I have been gaining greater exposure to BP this week. First thing I did was check to see if the hole had been plugged. No luck with BP stuffing a rag or something in the pipe so it was on to see...

I ran into this document and while I am unsure of the date or if this is the current rule as of this post it does agree with everything else I have read. I am making this post for anyone else with this issue and hopefully save someone else from the same frustration...

Thanks for your reply. You very well could be correct and I have no reason to doubt your answer and appreciate the time you took to provide the answer. I am looking at the rule 805a and it appears I have to dig further with the OCC to actually see the rule as 805a states in part "At or...

Firstly, I am not a newbe. Secondly, I did read the IB rules and because I am not a newbe I know that what IB has printed, and what IB customer service says does not make it so. IB has some really great things about it and some things that are really piss poor. I think of IB like...

Thanks for your reply. I did a google search and on the options industry council site it does also say 4:30p as the cutoff It does not make sense for IB to have a cutoff time of 4:30p CST if the exchange cut off time is the same (ok, it does make sense but it doesn't allow for the sending...

I went to the OCC site and also sent an email with the question of cut off time and it's very clear that IB is not "calling in" exercises as its transmitted electronically(no big surprise there). It also appears (but I did not find the official time yet) that it is much later than 5:30P EST...

Yes if you believe that IB / TimberHill being a very large option trading operation has not figured out that if they cut off customers at 4:30p and the options don't expire until Saturday there is a window for IB/TimberHill to exercise if there is a bid that will allow for a profit. It would...

anyone know of a broker that allows exercise for retail traders beyond the time that IB allows (15:30EST)?

I own some BP 44 May calls and BP closed at 43.82 so the options would not automatically get exercised as they were OTM at closing of normal trading In after hours trading BP climbed above 44 about 17:28 EST and IB response to me getting an error on TWS was that "we do not allow for exercise...

Trading results 5/19/10 Busy day today all day long buying and selling CHS back and forth. IB is the one that made the most on it. Started out great with CHS as I traded the stock back and forth and then it went from oversold to way oversold and really did go further than expected. Even so...

Trading results 5/20/10 Some days its easier than others to be a contrarian and today was not one of them with BP or GS. I did get a chance after the close to watch the live video of the oil and nat gas coming out of the pipe on the bottom of the “ocean” of the gulf of Mexico. It has...

I would like to run some testing on a strategy I have been thinking about and would like to get a list of stocks that meet the following criteria: top 100-200 stocks by option volume > 30 price for stock and since I am asking I might as well as for everything including the kitchen sink...

Shouldn't?? not sure. If you mean what do I think the odds are then I would say it is more likely than not that if it goes under 40 it does not stay there long absent some other thing changing the field of view. BP is getting hammered due to the bad PR and removing that will IMHO give a big...

Everyone that believes GS has a risk free way of making money and has the game rigged is long GS because its a sure thing right?? Seems like I can hear the sound of crickets in the background.....LOL I believe they have a license to print money (mostly because they are that good) and I...

Trading results 5/18/10 Busy day as I was trying to do several things at once. I was trading BP for much of the day to be able to get a better cost average and that worked out well. While I took a realized loss my average price dropped to about the current price and that allowed me to...

Good time to get fired. Collect that 99 weeks of sit on your ass pay from the government and hang out with us and trade for some cash. Better take it while you can because the debt load is going up so fast. I guess we just had another record deficit so you know this panzi scheme will not...

One would think that the price should have doubled after that release : o ) I don't really think its a level playing field (well even less with equity options than other markets) but at some point I think the leak will get fixed and price should see a nice bounce. That is why I like the...

Someone who gets it. China wants to regain the number one spot in the world which they held for a long time and appear to be setting up to take the spot back I hope your teaching your kids zhong wen......

Was able to get most of what I wanted today TIVO bounced back giving me a refund of the trading from Friday after it lost 40%. I traded it with options to cover as it moved towards and into 11 so that I would have some downside protection if it failed at 11. That turned into a good move...