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    Freedom of Religion gets the axe

    This is truly shocking. I thought freedom of religion would be one of the last freedoms to go. I guess the government feels they've safely and completely dismantled the Second, Fourth, and Sixth Amendments- time to trash numero Uno. In 2000, would any of you have guessed we'd see such a news...
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    Market Calls

    While this trade worked out well today, and I got out of most of it at the close, I'm not as comfortable holding the rest tommorow as I was a few hours ago. Reason: the news isn't all good, the bill isn't exactly a done deal, and the the drama isn't quite over. I'll be pretty quick to cover the...
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    Market Calls

    Shorted the living shit out of USG when the asbestos bill passed, and think there's alot more downside to come today and tommorow.
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    Option special situations (no earnings before expiry)

    Shorted the living shit out of USG when the news broke, and loving every second of it so far...
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    Opinions on Briefing.com

    I use the platinum service too, and used to use reuters. Briefing is actually much <b>better</b> than reuters despite the lower price. Reason: Reuters news is way too cluttered with news items no trader cares about, while briefing is great at getting to the point.
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    Can an OTM option ever be profitable if it never goes ITM?

    Yes, I saw it happen just last month in USG. When it spiked up huge one day, the deep OTM puts actually closed higher.
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    Can an OTM option ever be profitable if it never goes ITM?

    Not only can it be profitable, it's value can multiply by tenfold, or even much more. Ask those who bought GOOG 300 calls last week...
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    IV plummeting?

    This is very basic Greeks stuff. The theta on the Jun 121 Put is -0.0247. Meaning it is <b>supposed</b> to lose 2 1/2 cents from today to tommorow, asuming SPY stays in the same place. (Yes, I know that if it doesn't move at all, IV probably drops and the option declines by more than 2 1/2...
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    Market Calls

    Short HON May 42.50 calls at $0.25---> Covered all at $.10 Short HON May 40 calls, ave price: $0.53----> Out, ave. price $0.23, if anyone cares.
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    front-month or next month ATM

    OX has thetas (And the other 4 greeks too): http://www.optionsxpress.com/quote_option_chain.asp?SESSIONID=&IsSubmited=true
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    Market Calls

    Quote from Rearden Metal: Short HON May 42.50 calls at $0.25---> Covered all at $.10 Short HON May 40 calls, ave price: $0.53---->Holding, waiting for a better price.
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    selling calls/buying puts on stocks w/ unavailable shorts

    Time decay isn't much of an issue for <b>daytrades</b>. (Excluding front month during expiration week).
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    Forbes article on Steve Schonfeld

    Use Username: forbesdontbug Password: forbesdontbug Supplied by bugmenot.com, which has usernames and passwords for all the registration sites.
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    selling calls/buying puts on stocks w/ unavailable shorts

    Sure, I short synthetic all the time for daytrades. Just make sure the options are heavily traded, so the liquidity is there.
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    Market Calls

    GOOG has displayed very little correlation to the market lately, so I'd be very careful in reading too much into any any relative strength or weakness this stock may exhibit...
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    Florida Real Estate - Two 110-storey condos for Miami

    I bet anyone who's been to Israel recently, thought of the Azrieli towers the second they saw this picture.
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    Westcoasters, What do you think of NYSE moving trading up 1 hour

    Why are some of you acting like this is a foregone conclusion? The NYSE floated a trial balloon in January, and their brilliant idea was met with nothing but hostility from securities professionals. In 1991, NYSE chairman William Donaldson tried to advance the open by just half an hour. The...
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    Market Calls

    Ok, you're right, and you're wrong on this one. On the evening of Thursday, Sep. 25, 2003, JHF executives deliberately leaked the impending merger directly to the press: http://tinyurl.com/cug7f That Friday, JHF shares traded up 7% on the rumor/ unofficial leak. Now comes the good part...
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    Market Calls

    Sure is.
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    Market Calls

    Short HON May 40 calls, ave price: $0.53 Short HON May 42.50 calls at $0.25 Has anyone ever seen a stock run up on a Friday on takeover rumors, and actually announce the merger on Monday morning? In ten years of trading, I can't think of a single example. Once again, Joe public is...
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