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It was 2,000 contracts.

What is your strategy for trading options?

I have been trading stocks and options for 14 years successfully. I know what I'm doing.

How would I make a 5% return in 2 1/2 weeks in a muni bond fund?

I see the GE puts are at $1/contract today. I just want to thank you for buying my puts and taking the opposite side of my trade. I'll be sure to think of you when I'm travelling around Italy and France this summer and spending some of the $50,000 that you gave me.

Who are you talking to?

Maybe at Lehman Brothers or Bear Stearns they would have.

You are a financial advisor? And you do not know that writing puts offers a limited downside, which is the strike price minus the premium collected. Selling naked calls and shorting stocks have unlimited risk, not writing puts.

Let me guess...you must work for a hedge fund or a mutual fund or sell mutual funds right? How much time does it take to click the buy button or call up your broker and say buy me 1000 shares of ABC company or a bond. A whopping 10 seconds perhaps? Not exactly brain surgery.

The health insurance business is one of the most corrupt businesses out there. Go rent the movie Sicko if you haven't seen it already. This whole country should boycott and cancel their health insurance and put them out of business. We need free or really cheap government provided insurance...

I would rather make the extra $10,000 for 1 more week of waiting, as opposed to covering now.

I haven't been daytrading stocks that much lately. Out of curiosity, does the short sale rule exist for nyse and nasdaq stocks? Also, what happened to the american stock exchange?

GE at $8.86 as I'm writing this. The puts are at $4/contract. I think I'll pat myself on the back for a super trade.

I don't know why hedge funds and mutual funds need to exist. People should just invest in ETF's or individual stocks and bonds themselves.

I can't stand most accountants. They think they're god almighty.

It is naked covered by cash.

GE up 3 cents as I'm writing this with the dow down huge. Woohoo!!! Only 11 more sleepless nights to go and I can hopefully then celebrate.

I'm hoping that over the next 3 weeks, it stays above $5/share, otherwise, it will turn into a long term investment for me.

Sure I did.

I sold 2,000 put contracts today of the GE March $5 strike at $25/contract for a total of $50,000 in premium collected. I just wanted to get some opinons on if you guys think GE will go below $5 by March 20th.