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    What is this strategy called?

    It's a call backspread. You can also do a put backspread. Limited risk and potentially unlimited gain. If you sell more than you buy it's a ratio write, and some will be naked (i.e. unlimited risk).
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    The ACLU demands an end to separation of church & state

    Do you have to be a Muslim to use the foot baths? I think if public money is used then everyone should be able to use them.
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    Optionetics course worth the money?

    Maybe because I went to one of their 2 hour sales seminars last year and haven't signed up yet.
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    Optionetics course worth the money?

    I just got an offer to take the 2 day course for $2495. BTW, they also push their software and data service, which I think is about $60/month. I forget how much the S/W is, but it's probably in the hundreds of $$$.
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    Selling Naked

    I am surprised that no has pointed out that selling a naked call is considered the riskiest option trade. Your loss is potentially unlimited. Like the coach says, read a book or two first. Also, you first need to fill out your broker's form for adding option trading to your account. If...
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    Married puts and Collars Strategy

    The Hamernik study makes sense. You would participate in the long term bullishness of the market (S&P500 is about 12% isn't it?), plus you can make interest on the money you didn't spend on buying the stock. Of course there is always the "short term" risk of a bear or stagnant market, which...
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    Cramer calls chinese "chincs"

    And Japs is short for Japanese.
  8. E

    The best steak in the world?

    Corn-fed - yuck. Prices seem a bit high.
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    Iron Condor When/how to adjust ?

    Unfortunately they only support a closed proprietary format.
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    I just got an assignment...HELP

    It doesn't appear that you understand what has happened or that you have learned anything for your next trade.
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    I just got an assignment...HELP

    I'm surprised no one has pointed out yet that a naked (or cash-covered) short put and a covered call are equivalent positions. You should be familiar with the P/L graph of your trades before you execute them.
  12. E

    Broker reco wanted based on 1099 tax forms

    How is TOS as far as dividend-paying bond funds? I still make most of my income with those. BTW, a friend just noticed that Ameritrade (IIRC) just raised their fee for trading no-load mutual funds from under $20 to like $60 or $70.
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    Broker reco wanted based on 1099 tax forms

    I switched from Schwab to Fidelity last year. This was mostly based on recommendations here and other places. However, after dealing with Fido's horrendous option trading reports for tax filing, I've decided to look around for yet another broker. I have hesitated making any trades for the last...
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    CUSIP lookup for options (Fidelity gripe)

    Doesn't work for options.
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    CUSIP lookup for options (Fidelity gripe)

    For some reason that Fidelity can't explain, when I download my trades from last year most of the option trades only reference the CUSIP number, not the the trading symbol or a description. Makes it kind of difficult to figure out what it was. Does anyone know of a website where I can look up...
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    Charles Cottle's educational material

    I think TOS had a limited number of copies and gave them all out. IIRC Cottle was one of the founders of TOS.
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    Tax help - Schedule D from Genesis, Penson

    Here is a link to some free programs (scroll down a bit). The only one I clicked was TradePair and it does appear to be gone. Maybe that's because it was free. http://www.traderstatus.com/doingyourowntaxes.htm I tried TurboTax online and it is extremely tedious. Each field for each trade...
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    Reverse Collars

    I am definitely interested in seeing your adjustments, on both sides. 1) I was a bit disappointed to find that my broker (and I think all of them do this) keep the cash from shorting separate from my regular money market cash, thus I don''t earn any interest on it. 2) I believe this is an...
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    GM Boss: Toyota better be ready for a fight

    I just read a review of the Saturn hybrid small SUV in Consumer Reports. I can see the Toyota execs shaking from fear. No wait, they are laughing so hard they are falling on the floor.
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    Home sleep aid/remedy

    I found the same with those herbal sleep aids. That's why I take them a couple of hours before going to bed. I also use 5-HTP. http://en.wikipedia.org/wiki/5-HTP Has anyone here tried the Tempur-Pedic bed?
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