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Wow, I will admit I had to think for a moment to provide a response. So far up to now people have said "congrats" or "nice house" or some other equally pleasant comment. Yours is the first to question my personal finances. So congrats to you for being the first to do so. Coming to a...

I just wanted to follow up that I sold my BP shares in pre-market (+$912). I use the actual stock for day or overnight trading. I use options for swing or longer (writing naked puts) and I have 14 options including ITM and OTM wrote. I will remain net long BP at this price level but...

You could sell calls and buy puts with the proceeds. Of course dividends are somewhat factored into the price of options at any given time but you could "buy some time" for say a month and see where your at. Or maybe get through Aug when the relief well should be online line and the oil will...

A new month begins I knew it was going to be a crazy day with BP trading in Germany down as much as it was. I was not very long going into the weekend but enough to feel some heat. 2 50Puts and 2 40 puts held my head underwater as the market opened up but I also started buying and trading BP...

There are few sure things with trading but when the public can't afford for their stocks to go down anymore than they have you should be thinking that they will IMHO.

Hello Henry, I am unsure what context this is in so based on my best guess I would say that a 52 week high is for me (and most everyone I believe) an intraday high at the time that is higher than any price in the preceding 52 weeks of trading and a close that is a higher close than any in the...

I traded it today and closed a gain although the gain was smaller than it was earlier in the day before it fell apart into the close. I wrote some more OTM puts that are far dated as well. I ended the day with a few thousand shares of BP but I can't say I really like it a lot at this level...

I saw where you said IB has in the past made an exception to one of their rules, so you expected them to do it again. They didn't and you won't stop crying.- If you read it why would you need to ask the same question again? didn't you understand it the first time? I guess maybe you need a...

Hey Banjo, I hope your doing well. Stop in the chat sometime if you feel like it. I am not sure I understand your point of the credit-card COs. or the media story. It seems like good business practice to figure out who is most likely to pay and who is most likely to not pay their bills...

payment for order flow is something totally different. - Yes you are technically correct I used the wrong term. I meant to say what the CBOE charges before discounts to MMs. Sorry I was not clear you can bid & offer at the same time, just get yourself a seat on the CBOE.- Yes but that makes...

Last day of the month and I was able to add a little to account For the most part I had a good day. My BP puts took a little bit of a beating but I am still comfortable holding but I did not add to them today waiting to see how the market shapes up on Tuesday. I expect up and especially down...

Trading results 5/27/10 Endless hours of watching “Mud” come out of a broken well in the Gulf By the end of yesterday I had built up the largest long with BP to date. I was short Puts in various strikes and months and long BP stock. Although I did get shaken out of about half my shares...

Well we dont have water lilies or nice calming willow trees or even a lotus but we do have a screaming baby and two young boys trying non stop to get into trouble......... Lucky the house is a lot bigger and maybe I can find a place to hide once in a while

The more I am learning the more I agree that your right about the lame part. Seriously, is IB needing more than 1 second buffer to process and cofirm receipt of the instructions? How can any order be as quick as they are with IB if anyone other than a computer is doing the confirming and...

Your not alone in your thinking. If you do some Google searches there are quite a few papers that have studied the tendency of prices to be at or near a strike price dead on. Of course most strike prices are whole numbers so that could be part of it also. But it surely makes sense for someone...

Order cancellation fees are the only rule that would favor the MM's. - I am sorry but I can not agree with that, others are not able to bid and offer at the same time. This is maybe the biggest disadvantage as it keeps the spreads wider and lowers flexibility for traders. This is a VERY big...

Yes Def, I do imply that the rules are in favor of the market makers. There are lots of rules that are in favor of the MMs including a ban on non MMs to make a market which means wider spreads and a license to print money at the expense of all the other market participants. The charges...

Trading results 5/26/10 Frustrating end but a good day I actually ended the day if you consider after hours trading in the good but I am running a day behind so I am using the statement for yesterday’s results. I had a pretty good day until I went long BP into the close and it...

Trading results 5/25/10 Pretty good day and this month is wrapping up nicely I am running behind in posting so I will just give the facts. BP + 1429.57 BP Jul 35P + 25 GS Jul 125P + 34 + 1535

Sorry to be a buzz kill but you would prefer to have it closed than open all else being the same. There is a reason why computer cases are made of metal or have metal sheets on plastic inside of them. EMR may be an issue EMR = electromagnetic radiation Pretty low dose so I think its up...