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Hmm that optionstrade for a lotto account sounds interesting :) So far GE is pulling ahead of the pack by .63th length of the track, all it takes is that one last hurdle and we are good to go. GE still has some life left, lets see if Thursday she brings a surprise. 13 will cross if...

I have not been selling options for a while. Premiums not enough for my tastes. I wish the old days were back.

So far Mine That bird is behind by 4 right now and not much time left for the end. Got in at 2 pennies. 100 contracts. Cost 200 dollars for this high stakes bet. 200 dollar + 10 dollars commision + (75 cents x 100) = total cost for this gamble 275 dollars. This is it folks. The...

selling puts you only have to do one transaction to open the position. Writing calls you have to do two transactions to open the position which means you pay twice the commission VS the put. Covered call is fine if you already own the underlying and want are willing to sell at a...

I should have covered earlier in the 8 dollar range but ended up covering in the 11 dollar range. I left a decent chunk of money on the table, Got too greedy. I shorted in the 17's I should have shorted in the 20's :) Oh well I was thought it might break down to the 7's

Goldman Sachs is one of the only two firms with Level 3 access.

Still on the sidelines but I find it odd that someone entered a synthetic long position in GE at 10 via selling a shitload of puts and going long a shit load of calls for jan 2010 21,000 contracts which would be the equivalent of going long 2.1million shares. Highly leveraged position...

I decided not to order. I did not get filled at 10.95 I put in an order at 10.50 but killed it and all orders. something concerning regarding earnings next week came up on my desk this morning.

I think it works out great, do not see any problem with it at all. I would like to see a reverse split on C

Something omnious regarding GE passed my desk, I wonder if other firms/traders got the same info and this is why GE is being dumped in masse. I am not putting in an order for GE today thats for sure.

Well it might happen sooner than later. If GE is forced to spin off the finance division on Obamas They would only be rated single A which would force collateral calls. The cascading effects on the market will be quite interesting though.

Pretty amazing. If anyone told those kids working in a basement that their website google would be worth more than General Electric, they would think you took too much meth. Amazing how times change.

Shit. I put it an order bid 10.95 in the last hour and at the last few minutes I missed getting filled by 1 cent :) Big order would keep getting in front of me. Oh well lets see how much lower it can get.

We need folks like him on Elite Trader to keep the Riff Raff under control. :)

New play, this one is General Electric. The last play was a winner (C options). Here is a super Gamble opportunity for you. Thanks to low IV Buy 20 call options on GE, Strike price 13 with expiration day of July 18. One day after earnings. GE announces earnings 8:30 on thursday...

:D :D :D :D :D :D

Americans seem incapable of grasping the possibility. Hey I do not want to see 18% unemployment but unfortunately things point that way.

A few simple reasons why you will see such an increase. #1 Our economy is tailored towards consumer borrowing and spending. and importing goods/services via cheap labor. money goes mainly in one direction, we are net borrowers. Consumers borrow money, they then purchase goods made outside...

I predict in the next 12-20 months we should peak at about 18% unemployment. I also see a deep dive in the markets come this fall once the new presidential hope fades and conditions continue to worsen. I will be posting more details later on why I see this happening.

1982, Unemployment 9.8% Factory output plummets. It was over 153 in April 1980 and down to 135 Aug. http://news.google.com/newspapers?id=Kd0VAAAAIBAJ&sjid=XRIEAAAAIBAJ&pg=2165,2709195