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We used to have greenbacks. There is no need for the FED. The US could directly issue bonds and print money. Unfortunately the masses think the FED is the US govt.

heheh I hope you double check your math there regarding an options contract and the underlying shares they represent :)

I agree. We are not a true capitalistic economy. A lot of people blame free market but the truth is we created a Moral hazard a long time ago. All these banks figured out way back when that they would always be to big to fail. Look at LTCM, If we would have let them failed the problems would...

heheh Wow the 65 puts closed at 1.09 volume 28507 50 puts are 12 cents 500 contracts would net you 6000 buckaroos. I wonder how bad the economy will have to get for S&P to drop to 500 by the third week of march.

Well last I heard, they want housing prices back up so that homeowners can take more equity loans to fund the economy. I never said new mortgages cannot be had for 2% only that existing holders get the same breaks. Getting rid of the banks will make money cheaper since there is less...

Let the public directly borrow from the discount window instead? Convert the branches to Federal Reserve Branches, ATMS etc.. Take the middle man out of the equation which means less slippage,friction,overhead,Bonuses etc.. Grandfather all existing mortgages to 2% No worries about a...

You guys are right, terrible Idea. Forget I mentioned this penny idea.

I would rather sell the penny put :)

NOT AGAIN. Always the short seller who is blamed for the mess.

GE at those prices. Holy shit! If you notice The markets follow GE. You see GE go down more than the S&P but then weeks later the S&P catches up but GE is always one step ahead. So if GE is trading at 1995 prices. S&P will eventually be at 1995 levels.

Why not open the markets on saturday and sunday for ECN trading ala after hours? With fully computerized systems now and the DTC with its virtual certificates etc.. I see why not. Can anyone point out the reason the stock market cannot be open Saturday and Sunday?

That makes absolute no sense. Why would anyone sell options for 1 penny if it has 2 months of time value?

Wow Nationalized banks and Auto industry. Holy shit! What is happening to this country. I guess empires fall. Look what happened to the Soviet Union.

Got a link to the blog. Would like to take a read.

I always cover before 1 or 1ish due to this PPT risk I keep hearing about. Interestingly enough you see these spikes around the later part of the day. So what the heck is this PPT and does it have anything to do with Tacgnol?

GE 7.50 put is still out of the money, way out and its 6:48 FYI.

Laugh it up guys. But wait till I offer my 5,000 dollar options course. "The secret penny no one tells you about" I will be laughing to the bank as I teach my class filled with high net individuals such as doctors fat with money etc.. who are looking for easy risk free money. (former...

In 1995 The CDO market was less than 3 billion dollars. The DOW was in the 4000's range in 1995 The S&P in the 550's GE was trading at what it is today Homes were way way much more affordable in terms of price. Consumers had much less debt Our country was less in debt...

Well the more conservative lowest risk would be the naked put. it has a more limited loss risk. (but extremely unlikely to happen) With commissions it would net 9,000 dollars selling the 10000 7.5 feb puts for GE Do this 12x a year = 108,000 dollars only tie up your money 1 day a...

On Expiration fridays sell way OTM calls or puts for 1 penny. 10000 contracts will net you 10,000 dollars For example GE strike 13 call for Feb. GE is no way in hell going to 13 by saturday. This is a secret no one ever dare speak. You make money allowing people to close contracts...