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  1. J

    Obama's Wealth War--500k is PEANUTS

    That's exactly what I was thinking. People don't have to be idiots you know. For one job, if you are offered say $300K a year in a place where it will cost you $290K/yr to live, but you are offered another job for $150K per year where you can live well for $80K, no one is forcing you to...
  2. J

    Want to work with live/delayed option chains in MS Access

    sync, I don't have the program with me on this PC, but in the past I have used the Internet Browser control that Microsoft used to have with Visual Basic 6. I think they got rid of that control for later versions of VB, but there might be third party controls also. You could use something...
  3. J

    Looking for a good mentor for option trading...

    Mark, Thanks for the good, detailed reply. I think we are basically on the same page here. I guess a person could either call it a prediction or just playing the hand over and over. For example, if you could go to Vegas and get 3 times your money for each correct call on a coin toss...
  4. J

    Looking for a good mentor for option trading...

    Mark, I just want to ask - it seems like you have to predict something however, right? Maybe not the market, but something. From what I understand, you do alot of Long Iron Condors on the market overall, right? Isn't that like making a prediction of limited change and/or lower IV in the...
  5. J

    Reverse Iron Condor Spread

    kjb1891, Yes, I have done them before. Funny you should mention them as I agree they are rarely ever talked about. In general, I think they are best for when a stock is not likely to stay in a range for a long time and then you do this spread with quite a bit of time left - remember that...
  6. J

    Impeach OBAMA now!

    Are you saying there should be? No-one but liberals on here mentioned any kind of lynching - just impeaching which liberals have been saying about Bush for years. Seems to me like libs can't get over the past and realize we aren't there anymore. JJacksET4
  7. J

    berkshire hathaway options?

    That's what I thought at first, but then I looked at the historical quotes pages on Yahoo and it shows about 2-5 million shares traded daily. Just goes to show you can't trust one source. Yahoo seems to show the daily volume correct in the summary page, but the historial prices shows it wrong...
  8. J

    Impeach OBAMA now!

    Obama shows why/how people fell for Madoff - all talk and no action (or no good action at least). If you are a good speaker, you can go out and tell people you will help them with jobs, health care, economy, make foreign countries like us more, help us use less oil, etc, etc. But, then he...
  9. J

    berkshire hathaway options?

    Maybe, but the potential return on that would be awful - $200 gain if BRK-A goes under!?! I understand buying puts, but that would be nuts IMO. JJacksET4
  10. J

    berkshire hathaway options?

    One more quick thought - The opposite of this that would actually stand to make the exchanges some money would be to create options for some true penny stocks. Only very liquid ones of course. And, I don't mean way out of the money options either. The standard could change for each option...
  11. J

    berkshire hathaway options?

    I'll sell a 2.5 strike put on class A for Jan 11 for $50 lol. If that goes through, we're in big trouble. JJacksET4
  12. J

    Bought new (slightly used) car today.

    Well, it's no big deal. Whatever I say it was people don't know if I'm lying or whatever anyways, right? Just like people who go on to Yahoo message boards and claim they lost $10 million dollars investing in ETFC or something and they don't know how to tell their wife. The debate usually...
  13. J

    Bought new (slightly used) car today.

    2006 Pontiac G6. Wish me luck with it. I really like Pontiacs, but they do seem to have issues sometimes. I'm hoping the quality has gone up since they made my old 2001 Grand Am. My Grand Am was pushing 100,000 miles and starting to have some serious issues. I had no problem getting...
  14. J

    Even if banks receive bailouts, why are they pressured to lend?

    I can see it from both sides being the reasonable person that I am.:) Banks IMO should NOT be required to loan money indiscriminately, or we find ourselfs in the mess that we do today. On the other hand, if a bank doesn't want to loan money at all, we should ask they why they are in that...
  15. J

    berkshire hathaway options?

    Well, first of all, Class A shares cost $80000+. That would make premiums quite large for almost all investors. The real reason I would assume is volume and liquidity. Class A today traded about 600 shares according to yahoo. I don't know of any company that has options that trades that...
  16. J

    Are we next?

    That's a great one - reminds me of a Simpson's episode where Lisa is seeing her future, and has warned her finance about her family. The dialog goes like this: Lisa: [laughing nervously] Just a couple more blocks to my house! Hugh: Lisa, darling, don't worry: I'm sure I'll get along with...
  17. J

    Simple Options Question

    urrterrible, I am going to assume your numbers are right first of all (They look reasonable). If AAPL moved up 6.68% and the calls jumped 40%, that is fairly normal - that is the leverage that calls offer. Also, when a stock doesn't move, calls are likely to drop somewhat as time value...
  18. J

    something going on with ITMN options

    Mark, I have no idea either. Of course, if the stock shot up to say $100, it would look like a good move then. My point was that where a straddle normally helps one to profit in a big move up or down, in this case, your big move down would be shot as even the stock going to 0 would do no...
  19. J

    something going on with ITMN options

    The bid/ask spreads on those July 12.5 calls isn't exactly good: $360 bid / 610 ask That's one reason the straddle is so expensive, just viewing it at the ask price. If inbetween prices were used, it would look somewhat cheaper (still expensive though) BTW if one were to buy a 12.50...
  20. J

    Small Taste of Future: 21,000 Jobs Worldwide Erased Frday as Recession Chokes Demand

    I don't mean to sound mean or anything here, but will this make businesses smarter in the future? I have always worked at companies that don't have that many employees and often when other companies see us, they are impressed we do with so few people. I mean when I hear AT&T is laying off...
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