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Hope you guys are right, especially about that target BluesS, very frustrated oil short here after seeing the move in the USD.

Don't know about the short oil, the $ gains 2c on the G7 currency and economy statements and oil barely budged. What is keeping oil so strong? I though it was because it was a USD proxy but based on the move in the $ it looks not to be the case, is global demand that strong still? If we hadn't...

I admit that the vix is not your fathers vix and I long ago soured on using it (I freely admit that that is probably because I don't get it anymore but I am apparently in good company on that score), as far as Dennis goes my advice was to exit the trade and take what he can get. Nevermind, I...

Regarding the GS investment: According to a Marblehead press release filed with the SEC , the GS Capital investment, which was announced in December, would be affected by the write-downs because the deal caps the total investment, including its initial $59.8 million investment, at 25% of the...

Sorry but I disagree, the point is that $8 per option is better than $0. Not sure how many he has but even pennies collected are worth something especially to a guy that works construction. You are talking about a lottery ticket. Say he has 50 of these things, that is $400. Are you suggesting...

Dennis sorry for the knee jerk reaction (jerk probably being the operative word, thanks lindq your more measured response made me see that I could have been more helpful even if my intentions were good), I didn't read your whole post before reacting to my own past and so many other newbies that...

Refreshing to see a smidgin of optimism from you EMR, I imagine that you must be quite relieved that the world isn't going to end after all :)

I don't know where to start... When you put on a trade, especially something like an Iron Condor, do you have an exit strategy or do you just hope you won't need one? Think the whole trade through, not just the part when you get to ring the cash register and go and buy your Ferrari (or are...

Thanks for the explanation of how it works. Given the expansion of the housing GSEs there probably isn't much enthusiasm in congress for expanding the student loan GSE purview as well and that should work in FMDs favor.

All good points but just to play devil's advocate for a minute it seems that the issue with FMD is whether the seconday market for private student loans rematerializes. Right now it is essentially non functioning and big players like Citi have said they are getting out of that game, so if FMD...

IMO short oil was the trade but OIL is taking on a USD proxy role. Were it not for the incessant USD weakness I think we would see oil give up a fair chunk of its recent gains, supply issues notwithstanding. If someone were to want to trade on a strengthening USD then short oil would be an...

take advantage of the high vol and sell the Bull put spread reducing your cost basis by the net credit. ie buy the stock at 4.04 and with the net credit you own it at 2.80 ish. Once the vol dies down (if it does as for all I know this thing keeps getting bought) roll the stock in to the now much...

Impressive, GS says they will buy less shares than previously announced and will pull access to $1B credit line and the stock rises. FMD says it doesn't need the CL, also positive. Price action tells the story here, clearly a lot of demand for the stcok at this level. Correction GS didn't...

Lets see how it holds up on this GS news.

I'm in 5000@3.33 and sold 50 Jan 09 5 puts against 50 Jan 09 2.5 puts for net credit of 1.5. Thanks for the heads up on this one ByLo. I have a call in to a freind who knows someone who works in their Everret office and will report if I find out anything useful.

Here's a scenario using the options. Short Jan 09 5 Put 1.90 Long Jan 09 2.5 Put 0.6 Long Jan 09 7.5 Call 1.2 Risk per 100 shares $240 vs. $463 buying the stock. So for the same money you can control almost twice the stock using the options strategy. Given that the stock has lost...

True enough ByLo and no one who has read your often insightful posts would mistake you for a piker (I have all of them on ignore :D ). As far as account size goes everything is relative. Some are comfortable trading a huge % of their net worth such that a large daily % increase or decline in...

After living with a bitch of an equity curve that looked more like a rollercoatser than a curve for 8 years I finally learnt to be consistent and mostly it had to do with reducing size. Most of the time when a trade doesn't pan out it doesn't matter much as long as the reasoning was good but...

:D Thanks BH, all in a days work. Mostly pissed because I lost money because my thesis was faulty, the amount itself was not great and well within money management parameters.

I didn't have time to look at this one today but wouldn't an option strategy be better than buying the stock outright on this one? Perhaps buy the june 7.5 calls for 0.65 (this way once the stocks starts moving up you collect on the rise in volatility as well as the rising delta and sell the...