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I just stumbled across this thread, I spend most of my time in the Options Forum. Glad to see there are so many guitar lovers here!:D I've been playing about 40 years, I'll be 50 next year. My early influences were, of course, Eric and Jimi, then Johnny Winter and Rick Derringer (don't you love...

Thanks everybody, I was just thinkin' out loud, sorry for the odd post. I guess I'm exposing my, ahem, trading style... I've watched OXY since 1980, and I'm not going to tell you how many shares I owned @ 20 years ago, ...ah, buy and hold, eh? Hey mo, 2 things, be careful, your next post...

I wanted to yesterday, but didn't.....:mad: So how about today? There ain't no way OXY is going to 95 this week, and I'm dyin' to write the July 95's............ I know, I know......

Put some spice in your life, sell the 470's while you can! Maximize dat profit! (just kidding :D )

You mean round up. Yeah, gas in multiples of a nickel, either 3.05 or 3.10 0r 3.15, with nothing in between. Everybody'd be raisin' a fuss on that.

I agree it can be a big deal, a very big deal... It's just that I wanted to point out the irony of the possibility of the penny being discontinued in our society. Could you imagine that, every thing being in multiples of a nickel? How many items in the store are 99 cents? What would they...

Funny thing, there's a bit of a buzz lately about doing away with the penny. allegedly, it cost's us $.013 cents to produce a penny. The TV news run stories of people walking past a penny on the sidewalk....We all probably have a jar or two full of them, and for what? Try and pay for something...

Thank you for that explanation. :)

Well, that's not true. I've had orders filled in splits before, and for example, if it was an order for 5 contracts, it will say 1 filled at $X, 4 filled at $Z. This one was not. I placed an order for five contracts, and it says 5 were sold for $.42. When I placed the trade, the quote was $.41...

The penny increments are already here. I placed a limit order this morning @ $.40, and got filled at $.42. I've noticed more than a few quotes at non $.05 increments for some time now.

Richard, PM sent. Arnie

Actually, I do have two positions on GOOG. Nope, I ain't tellin'! :D :p

:(

I sure hope I'm on the right side this time........ yeah, I know, if I knew greeks, I'd know for sure!

Or aren't there a lot of "Hi, I'm new to options, and I would like to know a 100%, no risk, sure way to make money in them for free and not do any work..." threads lately?

Struck a nerve, eh?

Translation; "Will someone do the work for me for free?".

I think it's the same reluctance that preceded the penny increments in stock prices. I know I thought I wouldn't like it, now I don't even think about it.

Uh oh........

Greed, overexposure, and failure to use protective positions taking the other side, "Just In Case"...