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    Short Netflix (NFLX)

    You misunderstood me, there are tons of digital download / ondemand services i agree, but none come close to netflix. I did quite a bit of research in the past actually. 1) All the instant movie download/rental such as amazon unbox, cable ondemand, apple, etc..all cost avg $3.99 for ONE new...
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    TRADE ALERT - UPS May 2008 70 puts

    but the 70 put is cheap at $1 for a stock trading at ~$71. And the technical looks pretty good for a short, ma10 just crossed ema20/30 on the downside along with cmf going negative. In for 10 contract at $1.1 for an earning bet. Will exit wed if it doesnt work out.
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    Short Netflix (NFLX)

    this is a good long investment when it drops a bit further. There is currently no service out there that can even come close to netflix. Their recently add new feature of watching movies online streaming places them well ahead of the pack for the future (5-7 years from now). Blockbuster is...
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    Synthetic straddles on pit traded futures contracts?

    Hi, can someone clarify this for me. Isnt a long synthetic straddle long underlying and long 2x atm put? If it's long underlying and short calls and the underlying gaps down due to a black swan, how are you covered on the downside? as your max protection is limited to the premium received for...
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    Options play for AAPL earnings?

    so basically you are looking for a 11+% move in 1 day after earning? and ignoring volatility? good luck.
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    Can I continue trading for living?

    What's going well for you: 1) You have enough capital to withstand what life throws at you 2) You have no mortgage and little to no debt (other than 1 kid's college tuition) 3) You sold your house, why do you think this is a bad move? With the massive layoffs on wallstreet, the impact to the...
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    Short Straddle Update

    my initial margin was around $15000 (dont have the stupid passcode card to access ib for exact number right now). So it's about 33% return on margin. Really not sure where the es is going, going to hold cash and wait to see what happens before opening up May...
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    Options play for AAPL earnings?

    keep in mind goog was also a better play because the earning was right before the april expiration, so your max risk and theta exposure is a lot less than opening a May position right now.
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    McCain: Example Seniors Shouldn't be allowed to run for pres.

    Want to quote this, so the next time someone asks how the fuck did you morons elected bush a second term. i can just point them to this post as an example of the type of intellectuals that voted for him.
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    Iron Condor

    tums, that's a lovely chart. What platform are you using to generate this.
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    S&P 500 - You make the call

    unless some major news comes out it will not break 1400 on first try. So expect sideway action / multiple retries to break 1400. But IF it does break 1400, expect a major move up, small resistence at 1420, then if we break that it's off to the races to the 200 MA. I would hate to be the...
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    McCain: Example Seniors Shouldn't be allowed to run for pres.

    jfk and bill clinton were two of our worst presidents in recent times? What fucking planet are you from douche?
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    IB Secure Device

    i finally got the secure access card from IB. It's painful, i dont want to match up some tiny number on a credit card sized paper everytime i need to log on, especially for webtrader. Is there any way to disable this? why is this forced on the customer? i understand pc security and promise...
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    Short Straddle Update

    crazy month, here's a log i kept for my review: 1) 3/20, expecting sideway action at around 1300, wrote IC: - Wrote 15x 1150/1200 put spread at 5pt - Wrote 15x 1400/1450 call spread at 4.5pt * Net=9.5 x 15 x 50 = 7125 max profit. 2) 3/25, sp500 gaps up to ~1355, panic & fear took over...
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    covered call options on es futures at expiration question

    Hi i saw this too, but i think there are a lot of tricks behind the scene that is ocurring. This is what happened today: 1) My 1340C this morning had BID:49.50 ASK:54.00 when the underlying was hovering around 1389.50 2) I thought what the hell, give it a try, put a limit buy to cover...
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    covered call options on es futures at expiration question

    My only position left is -6x ESM8 futures (long) -6x APR 1340 call (short) This was a left over from my iron condor(which is fully closed already) hedge, to make a long story short just wondering should i 1) close out both positions on friday (sell the futures, cover the 1340 call)...
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    covered call options on es futures at expiration question

    Hi, with today's rally my es covered april call option contracts are now ITM as expected. Can i just leave it alone and let my es futures get called away at expiration? Is there any disadvantage of letting the underlying getting called away vs closing out everything on the last day for...
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    Put Selling

    agree 100%. margin is a killer for anyone not fully aware of its implications and trying to over leverage even slightly, all you need is 1 big down day when writing naked and you are done. Doesnt matter if it was just a spike.....
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    Put Selling

    he's saying risk vs reward. Yes obviously if the underlying dropped this much, you are better off with the spread vs naked. But it also limits your profit on the flip side. You are down $16 vs $7 on the losing side vs gaining $14 vs $7 on the winning side. Assuming the trade was placed...
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    My own personal Goldman Sachs shorting program

    thanks for that, i thought as much. Added to ignore again.
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