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What you describe is not a covered call -- it is naked, and has ramifications with regard to (newb's) trading permissions, as well as significant margin impact.

The "coverage" of a covered call occurs within a single account. You sell a call, and the margin requirements are covered by the stock you already own. If you do not own the stock yet, then you are pursuing a "Buy-Write" where your contract line includes a purchase of stock net of a sold call...

Nope. Not missing that at all. Here's another little statistic for you -- over 45% of those who contract the CoVID-19 virus will remain asymptomatic over the duration of their infection. These are not numbers getting a lot of play. They're not shocking. They ARE early -- and bear close...

It will not be a treatment that swings the market, but actual data. The U.S. loses ~30,000 lives annually to influenza in the average year. (It's between 20k and 55K in recent years, with the mean closer to the bottom.) Over a five month flu season, that's nearly 200 souls lost per day. And...

Isn't this the same thread? https://www.elitetrader.com/et/threads/cant-believe-it-total-p-l-missing.341565/ I suspect that the IB support crew are too polite [:wtf::rolleyes:] to tell you that what you wish for is impossible. It's why individual growth rates have issues adding up to CAGRs: as...

Go to IB's webinars and distinguish between TWS and the Mosaic interface. Don't try to short-cut this. FWIW, I don't know of a serious trader who uses Mosaic. TWS has as many different set-ups as can be thought up. A thoroughly tweaked TWS takes me a good 2 weeks to finish -- and I don't know...

Pyramiding is a tool by which to average into a position; it is not a tool by which to mitigate risk via the escape of a bad outcome from a first/only position. Risk mitigation is an added bonus, but if it is the primary goal of pyramiding your trades, you are pushing a Martingale, and as the...

Just wait until a reliable source sez the crisis is over -- then you'll see a pop of limit-up snaps that will go for days in one direction.

Absolutely. I don't buy gasoline by the average price in my state -- I buy it from the station in front of me.

in 2020, there is no more greater example of "social distancing" than the global financial markets. There is no reason to close a financial system which allows capital flows into and out of business entities to fund the economy. There are 10,000 reasons not to fuck with it.

First, I really don't understand the FED hate that pervades ET posts all the time. I don't get it. They have two aims -- *mandates* -- and they consistently address them better than perhaps any other governmental agency aside from the armed services. Second, regarding this weekend drop: I'm...

I mean, really. Anybody notice the >70 VIX last trading day? Eh? If YOU were IB, what would you do? :rolleyes: We're down almost 5% more than Friday's close. WHAT would you do? :rolleyes:

Technically, I'm not convinced we'll go far enough to *have* a "recession" -- but for a single quarter, I think a drop of 11%-25% is easy.

Recognizing BSM' volatility as an agglomeration of individual strikes' IV, I have always been more interested in the individual strikes, or at least the behavior of the local neighborhood. This means that I care less about skew, and allows (perhaps) more attention to unexpected differences...

Take a deep breath, folks -- a run on staples (which we have seen) is not the same as a break in the supply chain. Big ol' difference. The first (which, again, we have actually seen) is *extra* demand -- demand beyond the ordinary. It will consume some disposable income, but that will affect...

Well! That will certainly lend calm and stability to the financial markets. :confused: Stable Genius strikes again......:cool:

Break out your ol' dcf notes: this is all nothing more than a call on future earnings. Some thoughts: • Two things caused this de-valuation: the CoVID-19 and the Russo-Saudi oil upset. • Humans are a social species -- gathering together is instinctual. • The majority of world economic activity...

Dude, YOU don't understand the Quantity Theory Of Money. (Nor, apparently, can you write it.) Hey -- we're done. (I'm done.)

Holy COW. o_O You have no grasp of the subjects about which you write, nor (apparently) do you understand the internal contradictions you write in a single sentence, nor the contradictions you write into one post versus another. Again, rather than write blather, put your ideas into a simple...

Good for youuuuuu! Great! Marvelous. May I suggest a perusal of The Structure Of Scientific Revolutions though, before you compare notions and preferences to theories and science? https://en.wikipedia.org/wiki/The_Structure_of_Scientific_Revolutions