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what about a "Pause Execution" -- [I think that's what it's called] is that treated the same as a Cancellation, at IB? marc

I will have to look it up, probably Monday. marc

funny, IB has just started accepting .01 increment orders [for me], on options I wasn't previosly able to the screen still only shows nickles, but I got a fill at .31 cents marc

please clarify could you be talking about the 0.05 spread only contracts? 0.20 bid x 0.25 ask - no pennies in-between accepted? marc

a better example, or more common, might be the flip side, 5 naked short puts, and bad news right after the market closes. marc

hypothetical: let's say the UL stock is trading around $18 Friday afternoon, and I have 5 naked Short Calls [$20 strike], and I can close them out at 0.01, but why give up the $5.00? now, immediately after the market closes, there's some big announcement, and the stock shoots up to...

Since I use Options Oracle at least once a week, I sent them a [small] donation. I wish it were more up to date [supported], but it's still useful. marc

this has probably been asked, but... do options decay [theta] over the Weekend, all the other greeks remaining the same? and maybe it's not that important, but if you are selling theta, 20 trading days "sounds" better than 28 days, to expiration, with 4 weeks to go thanks marc

I guess I was thinking - how do you "risk a little" with any stock over $500? marc

I don't know how you can expect to spend/risk "a little" doing much of anything with AAPL unless you buy some far out of the money [cheap] Calls marc

are some of these posts just "theoretical" trades? I ask because, looking at the option pricing for SGG [for example], the spread is very very wide, and doesn't appear very liquid. don't get me wrong, I enjoy reading your posts marc

I'm thinking of opening the PaperTrader account with IB, just to compare options capital requirements. I have a margin account with them, but I'm interested in knowing how much capital is used - with short naked options VS verticals, calendars, spreads etc Do you think this will give...

danshirley, I assume your "annualized %" takes into account Capital Used? I've been using the Options Oracle software, and I find it very useful. Is there anything similar or better, I can pay for [or free]? Or even a website. thanks marc

people do Strangles - don't they? a naked short call, is just 1/2 of a strangle, and the better half - in my opinion sure there's risk, but where is there no risk in trading? marc

I have a few May JCP naked short calls, but Earnings is coming up on Tuesday, and I was looking for some hedge ideas, since JCP has been volatile. I'm looking for something like a 50% hedge - vertical, or horizontal. Instead of a near 100% hedge, would I be better off just selling...

I'm only familiar with [tried] cash neutral, correlated pairs trading. Non-guessing, if you will. Here, I would be concerned about AAPL volatility, but here I'm just guessing. And I forgot, Apple makes computers don't they?! Look, I don't know how to trade, so I just try to teach...

true Is that pair trading, or a hybrid of some sort? marc

I forget, but I think the professional pair traders want to keep the prices within 5-10% or so of each other. You could ask Don Bright; he's always helpful. That's one of their strategies. If you have a big move in Dell [in the wrong direction], you could be in trouble. You would have...

do DELL & AAPL have some Historical Correlation? not to mention a Huge Price difference...yikes marc

others have mentioned the OptionsOracle software. I've been using it, and it seems to be decent for comparing different options. It appears to be non supported, or non updated. Is there anything comparable to it, or better, pay or free? thanks marc