Search results

The old stock is going to be cancelled and you will get a Trust Recovery security. --------------------------------- For questions regarding this memo call 1-888-OPTIONS or e-mail options@theocc.com. Memo #18875 APRIL 28, 2003 KMART CORPORATION - ANTICIPATED ADJUSTMENT OPTION...

Actually, it is the option exchanges and not the OCC that prohibits this to protect the interests of their own member firms (i.e., the market makers and specialists).

I had similar problems with the OEX/XEO pit trying to take an offer on April expiration Thursday.

Background on your right to receive electronic communications HOLDRS represent an investor's undivided beneficial ownership in the common stock or ADRs of specified companies. Accordingly, owners of HOLDRS have the right to receive all shareholder disclosure materials and proxy materials...

TD Securities Continues Paring, Will Leave Philadelphia Market By KOPIN TAN DOW JONES NEWSWIRES NEW YORK -- Continuing to pare its option business, TD Securities will pull out of the Philadelphia Stock Exchange following its exit last week from the Pacific Exchange (see article)...

Toronto-Dominion Cuts Back On Option-Specialist Business By KOPIN TAN DOW JONES NEWSWIRES NEW YORK -- Fifteen months after its splashy entrance, TD Bank Financial Group, also known as Toronto-Dominion Bank, is paring back the scope of its option-specialist business and will shutter its...

Cannot borrow the stock

I wandered over the Haas Business School library at Berkeley the other day and noticed that they do have a copy of Options Perception and Deception in their shelves. Unfortunately, the book was checked out until May.

I believe that any money that is needed to meet margin requirements for the futures account would be moved to the commodity side. All the remaining money would be kept at the security side which would then get SIPC insurance coverage.

This Friday (option expiration day) wait for the OEX to settle (around 4:05 or so). Then buy out of the money calls and puts during the last 10 minutes of trading.

Cash deal worth $10.50 a share. Thus, unless the deal falls apart or another bidder emerges, this stock will continue to migrate toward $10.50

I e-mailed IB-Ernie during the first week of January regarding the missing option quotes. At first they were missing some of the exchanges along with the prices (most of the AMEX quotes were missing). They were showing up on the market depth though. I was told that this was a server problem...

If the stock has listed options, you may be better off doing something there (i.e., buy puts, create a bear spread)

One good thing about IB is that there is no minimum. Thus, you can trade a 1 lot and will be only charged $1 commission (SMART routing).

You probably would have to register with the SEC (Form BD I believe) and the Boston Stock Exchange as the SRO. You may want to contact the Boston Stock Exchange's membership department and get the forms to see if it is worth registering as a market maker.

Since a covered call position has the same payoff structure as selling a put, you may want to enter a stop to buy a put. This should offset your loss in the covered call position.

Yes. If you trade after hours, you want to double check the broker's settlement policies (i.e., if it is still T+3)

As long as you have enough margin to meet margin requirements you would just ride out the short calls until expiration.

UAL?

Cooper Neff is owned by BNP Paribas. So if you interview with them, check out the parent company, too.