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Hahaha, nice to have some comic relief while digging for the little gems of real wisdom on this board :D

I'll never forget that observation.

Apparently a quarter-century-old trend can flip on a dime, BECAUSE THE FED SAID SO!

Thanks for mentioning the good reason for using a synthetic call. Was going to argue that in the call scenario you can short and exercise, but there's the uptick rule and some shares are hard to borrow.

Being long and buying puts to hedge the position is the same as buying ITM calls alone. The second approach is better I think since it reduces commission costs, and saves capital for other investments. It works nicely as a stoploss at the strike price with absolutely no slippage. You do pay a...

I always thought an efficient market is one that correctly prices stuff at all times to balance future supply/demand. Based on that, my feeling is that you make money if you contribute to the efficiency of the market, your lose money otherwise. So in a perfectly efficient market, you could...

The free market can only do a good job at managing resources under its domain. Saying the free market did a horrible job at managing air pollution is like saying Warren Buffet is a bad investment manager because he didn't make me rich. He didn't make me rich because my money is not under his...

You can throw Japan into the mix too, but is it fair? The US is about 2.5 times the size of EU, and about 30 times the size of Japan. With the larger size, it's more expensive to move materials around. I don't know if this fully accounts for the difference in energy consumption, but it may be...

I'm very glad it's not politically acceptable here, because it's not economically acceptable. A tax on oil is just another "sensible reason" to increase overall taxation, which always has a cost on economic growth. The market anticipates future changes in supply/demand and adjusts prices...

Actually at 281 near close, he'd just sell the options. With "confidence" increased in the effectiveness of his "strategy", he'll keep using it aiming to build the IRA to $10M, and blow out in short order a few more trades down the line. Gamblers always end up that way, nobody has that much...

I think you guys are missing the main point by focusing on options mechanics. It's definitely a good idea to use IB's interface to stop exercise if the option is slightly in the money. However, would you stop exercise if GOOG closed at 281? What about 282? The original poster spent his...

So what's the worst that could happen? Based on your experience, I'd guess blowing out your risk capital and discovering that you can't make it on your own is the worst. So the question is whether you can get back into the workforce with your track record at the ripe "old" age of 42. I work...

I wish there was a "I don't know" option so I can see the consensus without lying and polluting the poll ;)

Thought about that while preparing the poll. One can still sub-divide further, a prop stock day trader is very different from a retail mid-term stock trader. It just gets too complicated. This will still tell us how risk tolerance ET readers are...

By typically use I mean the leverage that you use day-to-day, not counting times when you increase size big time to capture special opportunities.

What a beautiful upward price curve...until today...a great feat of price engineering if you ask me :D I thought insiders are locked in for six months after they buy, how could this guy dump today?

Technically the DJI, SPX and COMPQ are still in clear uptrends. NDX may have rolled over, leading the others, or it may just be "catching its breath". Who can say? Short term I see an uptrend. This may be the final hour of the echo bubble, it may not. If it is the final hour, bear in mind...

Thank you for sharing the story. Shows exacty why I should avoid penny stocks :D

All in all, fun to think about, but not really usable...like a lot of my ideas.

shark, I hope you're joking me. If you try to transfer a substantial amount of money with OTM options, and by some chance or mistake someone else jumps on your offer. You could lose a shitload trying to buy those options back, or you could lose a lot of sleep waiting for them to expire...