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If you are using directed trading (i.e., routing to a specific exchange) and trade over 7 contracts per time then Fidelity's pricing is better than IB's. In addition, Fidelity does not charge cancellation fees. However, IB is better for small lots or if you trade through SMART. In...

Kerr-McGee Announces Final Results of Its Modified 'Dutch Auction' Self Tender Offer Tuesday May 24, 1:30 pm ET OKLAHOMA CITY, May 24 /PRNewswire-FirstCall/ -- Kerr-McGee Corp. (NYSE: KMG - News) today announced that it has accepted for payment an aggregate of 46,727,763 shares of its...

You could sell 12.5 or 15 strike calls

DATE: MAY 19, 2005 SUBJECT: KERR-MCGEE CORPORATION – DELAYED SETTLEMENT/EXPIRATION PRICING CONSIDERATIONS OPTION SYMBOLS: KMG/YNK (06)OGM (07) DATE: MAY 19, 2005 The Options Clearing Corporation (“OCC”) has been informed that the Common Stock of Kerr-McGee Corporation (“KMG”) has...

If your short options were not assigned then yes it would have been a layup. In fact, the open interest this morning was 116 so somebody was napping.

Rule 14e-4 -- Prohibited Transactions in Connection with Partial Tender Offers -------------------------------------------------------------------------------- Definitions. For purposes of this section: The amount of a person's "net long position" in a subject security shall equal...

I believe that you can tender shares that have been hedged by buying puts or short out of the money call options. ______________________________________ SHORT TENDERING Questions concerning compliance with the SEC's "Short Tendering Rule" - SEC Rule 14e – 4 should be addressed to the...

UPS Adds Ground Freight Options by Acquiring Overnite Corp. Monday May 16, 7:30 am ET ATLANTA--(BUSINESS WIRE)--May 16, 2005--UPS (NYSE:UPS - News) and Overnite Corporation (NASDAQ: OVNT - News) today jointly announced a definitive agreement for UPS to acquire Overnite for $43.25 per...

United Technologies' David Says `No Way' on Honeywell Purchase May 17, 2005 14:57 EDT -- United Technologies Corp. Chief Executive George David isn't planning to make another offer for Honeywell International Inc. after being outbid by General Electric Co. in 2000 in a transaction that was...

Wrong, it is the SEC and not IB which prohibits individual investors from trading these products. Qualified institutional investors can trade these products, though.

What BS. Then I wonder what this press release is all about: Press Release Source: Tracinda Corporation Tracinda Announces Tender for General Motors Shares Wednesday May 4, 8:30 am ET LOS ANGELES--(BUSINESS WIRE)--May 4, 2005--Tracinda Corporation today announced that it intends...

CME Announces Latest Expansion of Equity Index Product Line 2005-05-05 07:30 (New York) with Futures on the Highly Successful ETFs - NASDAQ-100(R) Index Tracking Stock; S&P 500(R) Depositary Receipts; and iShares Russell 2000(R) CHICAGO, May 5 /PRNewswire-FirstCall/ -- CME, the...

This came from the OCC adjustment memo for KMG: POSSIBLE DELAYED SETTLEMENT After the Offer expires, it is possible Kerr-McGee Corporation (“KMG”) Common Stock may begin to trade on a when-distributed basis on the NYSE. Should this occur, OCC may delay settlement of KMG/YNK/OGM options...

No clue about when the stock will or will not be called in. I just know that it is not optimal for a person not to tender. Thus, I would expect that most of the float will be tendered before the tender expires. The when distributed stock will convert to regular way KMG after the depository...

Agreed. The average price of the tender price plus the aftermarket price will be close to the current market value of KMG. But, if you do not tender, then you are left with stock that is below the price of the current value of KMG. Thus, you must tender in order to get the average value...

Well, you have to figure that anybody who does not tender is an IDIOT since the lowest tender price is $85 and the current stock price is $77 and change.

Also, another claim to fame was being part of the Chicago Bears football team (but he never was on the active roster).

It could help you with investment management or equity research. Also, if you plan to become a portfolio manager, it could also help. Best of luck in June.

You are probably right. Since the options do not open before 9:30 am it was hard to see how he could make money with only a change in the underlying.

New China ETF trading on the NYSE. Symbox FXI.