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correction + march 85p - feb 85p

2-10-06 SOX sold my SOX 510 puts today for 6.20 + 4 510p @ 4.80 - 4 510p @6.20 PnL = 560 had I been able to re-enter I would have gotten back in immediately once I saw SOX continue to slide. But I could not due to the damn PDT rule! This is criminal that experienced and...

EBAY was short 8 EBAY Feb 45p was assigned today so now +800 EBAY @ (net) 42.50 (not including all the front month calls - that were sold and closed for ++) NB --- over many years my experience with early assignment on (deep) ITM options is that almost 80-85% of the time it...

can't wait to start trading pro with HAIRCUT margin later this Q after I pass series 7! we are going to produce some great returns. this retail options margining is absurd. just can't manage and/or protect yourself enough when things get skewed further than indicated.

adding to DNA positions managed my long March85 calls by selling Feb85 @1.90-2 and also re-selling Feb 90c (basis = 1.40) after previously closing them. I now also have a 85p time spread + march85 - feb95p -$1 risk on this --- is DNA being marked back to 80 --- rather...

APOL looks like another decent call - but again I did not do size, yet! Unfortunately I was not in enough long March calls to make much off this position today-- and my Feb 60c is underwater with 5 days to go. I was looking to add next week. I mean --- who would expect APOL to move higher in...

NDX although it is not productive to look for bottoms - I beleive NDX will st bottom today (or Monday) IMHO thus I am patiently looking to enter long calls on NDX/MNX

Neo did you PM or email me your name and contact/email info? I will keep you advised on status thereafter. thank you

newestmember if you haven't already- please PM me with contact info and an email - IF you want to make a difference! thank you

ditto

Uh-- ask your "mentor" why then did the same enactment allow a day trader with 25001 to trade 4/1 leverage in a retail account regardless of whether he was new or less experienced or skillful!? At least if he puts in 5000 and day trades more than 3 in a week - and loses - it's only 5000. But...

what I meant is -- when will the Vegas Gaming Board do this and/or the Illinois General Assembly in the case of the Illinois Lottery? etc. etc.

right ! but not only is it that agencies cloaked with governmental powers see fit to establish arbitrary levels on account size and number of trades without so much as any background check on the account holder whatsoever and/or any sound reason that is based upon empirical date therfor --...

FB thanks for the reply. What is the "reason" it is there, as you see it? I am interested in your take so I look at "both" sides in preparation, and get feedback from smart individuals playing devil's advocate. Personally, I don't see the overriding public purpose that it serves. It is...

I must have missed your reply from yesterday. Thanks for your input. It is the principle that here we have agencies who on their watch have witnessed some of the most blatant corruption and scandal yet these morons saw fit to bang the individual investor with an arbitrary law. All the while...

Bravo! good points. PM me with your email and any contact info you wish to give out. I will send you a copy of corresponence with the agencies !

You are right - I am up on position but I have some short 75p that I rolled into March at a loss but I closed a ton of short calls the past two weeks all the way down from 95c to 70c, and sold a lot of long puts for profit so I could be up more than I believe. Have to review my gain/loss report...

bravo ! I thought you were short the straddle. Look at a day like today - perfect example of what you are saying. Only you would have to be nimble, and able to ID reversal in very st trends. I'd keep XLNX puts if it were me and/or roll into March for cheap. Of course I am biased on...

what did Henry David say in Civil Disobedience? "government is best... which governs LEAST" That's a joke now --- since we have government imbeciles enacting completely unnecessary regulations like the PDT rule telling citizens who are much smarter than they --- how we should trade and...

PDT lockdown - DAY 2 well-- my broker for this account has the prison locked down for the 2nd day --- so I was unable to fill my order buying more March SOX 510 puts near today's lows. Of course they closed the day up 1.70-1.90 I am still long 4 SOX March 510 Puts @ 480 bought on the day...