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Look at the SPY/VIX. Notice SPY trading rangebound and the vix creeping up. That is the ultimate short alarm. Then notice the vix flatlining right past 15. Time to cover :) Anyhow always have a VIX/SPX/volume screen. :)

http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db20090325_626883.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis Reports of deep job cuts at International Business Machines (IBM) come at a potentially delicate time for the company—just as it is hoping to secure...

Amazing!

Maybe I read this wrong. 1 covered call and 1 naked calls and long 1 put?? What if it goes straight up to 148? (things have been wacky lately) No one can predict what a stock price will be at the end of the day. Not sure why if you are bullish why you would open 1 naked call...

If we reach a mad max scenario. Gold wont be worth shit. Stuff like women,potable water,food,medical supplies,guzzoline,bullets,etc.. Will be bartered. Gold only works if you have an economy with a market that functions. No economy, no functional markets you can forget gold. All those...

Well looks like OI on 9 calls slightly decreasing with an increase in the 11 showing the most strength with good volume But strong strength on the 8 puts for May. Probably looks like folks expecting a short term pop to the mid 11s for GE right around earnings and then a potential bias down...

I would say options for rookies and the natenberg book should pretty much be all you need. plus the free stuff you can get on the internet. http://www.cboe.com/LearnCenter/default.aspx www.888optionsnet.com www.redoptions.com www.optionplanet.com...

selling Penny options on friday right around 2:00 I am writing a book on the subject and starting a class.

Also with a type 1 account (cash) your shares stay put at the brokerage. Margin type 2 your security could be loaned out. So technically it is possible that your securities are loaned out to a short seller. The risk is what happens if your security is loaned out, the counter party who...

Write DEEEEP in the money calls 30 day out. That way you get dividend + some time premium and when you get stocks assigned away you end up with dividend+time premium. But taxman will be collecting.

That is why going long gold is smart when things are on top of the world. As a hedge. It just seems that when the masses and the telemarketers,admen and snake oil salesmen start touting a specific investment instrument it indicates dangerous territory. I have seen it with dotcoms,the...

Yes. You hear about them talking about buying gold eagles etc. All this smells of housing bubble when you had telemarketing shows on how to get in before it is too late, and average joes becoming house hunters and realtors. Sounds like a Herd trading pattern.

I never saw TV ads or AM radio ads telling people to sell all the equities in the 401K and stick it into gold? back then. Or soccermoms talking up gold as well.

I helped increase open interest today :)

It will fade out like all these bear rallies. I wrote calls on the morning. The whole thing will fade out in a few days. Nothing fundamental about are economy is better than last week. I would like to see some improvements in things like unemployment, earnings (good solid earnings not...

The problem is if you have a good profit take it, trying to grab the last 13 dollars is kind of silly.

I don't think he is a crook. Guy is a savvy dude. Madoff is a crook.

Interesting, lots of bids for the 9 strike call. Not much for the 8 strike put And bit less for the 10 calls I sold GEW DD 9 strike calls I had a bunch of orders sitting for opening that got filled for 1.71 GE options are nice, liquid and the spreads can get tight even for ITMs...

Google at 342.46, High of 344 It could have been a an expensive lesson in pin risk/position management. But cheaper than paying for an options course :)

No because if the dollar becomes toiletpaper then those assets Pimco holds will become more valuable. We would probably see homes selling at bubble prices again since it will take 3 dollars to do the same 1 dollar does today :) Pimco wins even more.