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    BAC-what a joke-

    Most bank to bank ACH's take 3-5 days. Whenever I have used IB, I have wondered how they do it overnight without a fee. A lot of banks don't want customers who are going to be ACH transfer active. Some ask about intended frequency when you open the account. Some charge fees and/or limit...
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    BAC-what a joke-

    Actually, they are doing the credit check - you just don't know it. I was a victim of identity theft a few years ago (2nd time). After they clear things up, they offer a free 7 year fraud protection Sadly, you have to be a victim first. The point of this is that every time I open a new...
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    Dendreon (DNDN) Tuesday. Cure for Cancer? Does stock go to $0, or $75 after Tues.?

    My take was that he could have captured the gain since he said that when the stock ran up, his calls which cost $1.40 were worth nearly 8. I assume that was before the plunge. I don't know about other people but IMO, steps should always be taken so that no matter what happens, a good chunk of...
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    Why Do We Choose To Ignore Black Swan (Pig) In Front Of Us?

    The threshold for fear and panic is not quantifiable. All you can do is watch for the signs of something that could but might not occur.
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    Concentration

    30 years ago I was a USCF chess player. It was not unusual for a 3 game quad to involve 4-6 hours of play. Now I can barely manage a 45 minute online game with 1600+ players. That's the way of the world. You age, you get wiser, you get slower. Now don't get me wrong. I think I multi-task...
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    We Are All Going To Die From The Swine Flu

    Fabricate an aluminum foil helmet and wear it 24/7. You'll be safe! And as a bonus, the voices will stop.
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    Dendreon (DNDN) Tuesday. Cure for Cancer? Does stock go to $0, or $75 after Tues.?

    If you're up 1500% on your calls, you should be taking some money off the table (roll or close some) or hedging the gains (buy puts, convert to spreads, short some stock) etc.
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    Dendreon (DNDN) Tuesday. Cure for Cancer? Does stock go to $0, or $75 after Tues.?

    Your options crashed because implied volatility runs up prior to anticipated news releases and collapses afterwards.
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    option strategy needed on FDA approval drug stock

    LOL. I too used a cassette recorder tho I think that I tossed it 20+ years ago (g). As for DNDN, I've been scalping the stock intraday but yesterday's action makes me feel a bit squirly about it. Oh well. C'est la vie, c'est la guerre, c'est no more.
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    NFLX chart

    LOL. People don't refrain from spending because of what they hear on TV. The money in their pocket is the determinant.
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    Mining stocks vs underlying commodities

    ETF's, indexes and mutual funds are less volatile than individual stocks.,, and individual stocks are more susceptible to bad news.
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    Closing naked put positions

    Write June puts
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    option strategy needed on FDA approval drug stock

    Lordie, lordie, DNDN now trading at $26.50 in after hours. The Market Manipulators had a field day today :)
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    Simple question about bear put spreads

    The answer is still the same... The higher the IV, the more the underlying will have to go ITM in order to approach the maximum profit. So that means the number will vary from spread to spread. The bonus points answer is that you need a web site or stand alone program into which you can...
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    DNDN Option Help

    Anyone know if ET provides a jibberish translater?
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    option strategy needed on FDA approval drug stock

    The C-64 was my first computer. I wrote a routine for it where I inputted the closing prices of the Fidelity sector funds and it calculated various ROC periods for them. The fun part was the hand drawn graphs of that info hanging on my bedroom walls :) Looks like the boogie man put a hit...
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    Swine flu are you prepared?

    I'm giving ZICAM to all of my hogs in order to build up their resistance!
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    Why real traders do not discuss gains or losses...

    And that will be the day that you can safely have a mistress :)
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    Simple question about bear put spreads

    As posted by MTE, maximum profit at expiration occurs when the short strike is ITM. Before expiration is a different story and will depend on the IV of the options. The higher the IV, the more the underlying will have to go ITM in order to approach the maximum profit.
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    Closing naked put positions

    Coach offered a good answer from a risk viewpoint. In terms of profit, wouldn't it make sense to close your current 10 to 15 cent-ers and open some new ones with higher premiums on other stocks that meet your criteria?
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