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  1. J

    Personal note

    Mark, I just saw this thread now. Congratulations! It is quite a feat to have a #1 in any Amazon category I think. JJacksET4
  2. J

    Finally, leveraged ETFs are preferable to margin, for long term?

    crgarcia, That is another way to do it of course. McMillian goes over that quite a bit in his main book OSI - He mentions the 90/10 idea of 90% of your investments into T-bills and 10% into long options, either calls or puts. Of course, like he says, if you have several years in a row...
  3. J

    Finally, leveraged ETFs are preferable to margin, for long term?

    If you wanted a safer way to leverage something like SPY other then Leveraged ETFs OR using margin, you could put 80% into the SPY and 20% into SPY calls (or some other ratio) - yes there is time decay there, but you can buy LEAPS and even if the calls all go to 0, that part will only cost you...
  4. J

    Free money from wall street

    From what I am seeing, I think the bid price is .02 - is that correct? So you would only get $2 per contract, not $20. So, I'm not sure you would make very much if any real return on your money anyways. Anyways, if DNDN failed as a business for any reason before Jan 2010, you would stand to...
  5. J

    I sold a big call credit spread.

    It looks like that 16/17 bear call spread would not be doing so good now either. Lets face it - if your on the wrong side of price movement, you can get whacked even if the stock will eventually go the other way. JJacksET4
  6. J

    microsoft earnings disaster

    That has nothing to do with Linux. I have done my tax returns online on the Intuit website for a number of years on Windows. And mine are moderately complex (stocks, investments and real estate stuff), but you can do it online and have complete unlimited access to the software. You just log...
  7. J

    Excercising = Buying/Selling shares?

    That is correct. If the puts at the time were worth say $100 each (which is quoted in options as 1.00), you can sell them for the $100 - you don't need money in the account to cover anything. The money and spending power in your account will go down when you buy and then when you sell it...
  8. J

    Excercising = Buying/Selling shares?

    Cash, Sorry, but you are really confused here. In the first place in the example, you BOUGHT TO OPEN both CALLS and PUTS. Now, if the stock is over $11 or under $7.5, you would SELL TO CLOSE either the calls or puts. I think you are getting confused thinking that you need to buy the...
  9. J

    I sold a big call credit spread.

    Don't mean to rub salt in the wounds if this position is still open, but here is a good example of some dangers of trying to take "easy" money with a directional credit spread bet. And like a prev poster referred to, now a lose could be taken, or just hope that the next few days reverse and...
  10. J

    Just an idea

    Quickly, the following thoughts come to mind - if the stock is fairly volatile, the option won't be .05 in the morning most likely - it might still have .50 value easily - if you wait until late in the final hour or so, then maybe it would be .05, but you better be quick on the trigger then and...
  11. J

    yahoo options

    I will check Yahoo sometimes for a quick glance at a chain since it's so simple when getting stock quotes, but if anything looks funny I will check it in my brokers website, OptionsXpress. Remember that Yahoo is completely free to use and they don't have much/any? incentive to make sure every...
  12. J

    Excercising = Buying/Selling shares?

    Why would you necessarily want to exercise the calls or puts? If the stock moves enough in either direction for you to have a profit on the options, you can just sell to close the position. If you exercise the calls you will get the stock at $11 - if you exercise the puts, you will sell the...
  13. J

    Why can't I get a job? Recent Grad, 3.7 GPA, Good Exp, Year and a half of searching..

    OK, few more quick ideas for OP if he is telling the truth about his situation. - Check with your college and see if they have any companies interested in hiring grads with 3.7 GPAs in your field. Consider talking to current grads and seeing what they are doing. Make a few friends in the...
  14. J

    Why can't I get a job? Recent Grad, 3.7 GPA, Good Exp, Year and a half of searching..

    There is no doubt PIMCO probably gets alot of resumes for a job like that, but they certainly would interview people as well, right? So, what is the OP doing wrong then - that is his question as well? They are finding some people to interview I'm sure, but the OP isn't even getting calls back...
  15. J

    Why can't I get a job? Recent Grad, 3.7 GPA, Good Exp, Year and a half of searching..

    It has been a while since the OP posted here and no response from him yet that I've seen responding to anyones questions or comments. No one is hiring - so I guess ALL of the job posts are just lies for some reason??!?!?! Just for the fun of it I went to efinancialcareers.com (I found the...
  16. J

    Why can't I get a job? Recent Grad, 3.7 GPA, Good Exp, Year and a half of searching..

    I was thinking the same thing when I read the post. To the OP - so you have sent out maybe an average of 30-40 resumes every single week since you've graduated? And not even ONE callback? I have a hard time buying that. Where are you getting job listings from? Do you send out cover...
  17. J

    National Shame: # of Homeless American Schoolchildren Rises to at Least 1 Million

    Well, aren't we just Mr. Sunshine? Seriously, why don't you EVER post articles that have good news such as all the good things happening in many midwest cities such as Tulsa and their Union school district that has flourished in recent years? You just seem to simply ignore any good news in any...
  18. J

    Covered Calls Questions

    Others might be able to give more detailed answers, but I think you would have to consider your feeling on the stock at that time. If you were still at least modestly bullish or neutral on the stock, you could certainly keep the positions open and let the time value drain out of the covered...
  19. J

    Covered Calls Questions

    The general answer is that the option won't be exercised in most likelyhood if there is still any time value. This might not always be in the case in a dividend situation however. Generally, if a stock is at $48 and you sell a $50 strike CC for $300 and now the stock goes up to $51 and the...
  20. J

    Partial Iraq Withdrawal Could Save $1.1 trillion

    I won't comment too much on the overall issue, but I think it's amazing how articles continue to do things like this: The title says "Partial Iraq Withdrawal Could Save $1.1 trillion" And then the text says "A....withdrawal of U.S. troops from Iraq and Afghanistan would shave $1.1...
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