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It's never a good idea to hold on to stock when it's dropping, particularly for an ATM CC writer whose risk/reward ratio stinks. Here's what I posted: "If you're disciplined and nimble, you can also trade the stock component of a covered call (or covered put) intraday." Did I write trade...

The risk / benefit of rolling up my covered calls is simple... It's a neutral to mildly bullish strategy where you collect premiums and you do well as long as the stock doesn't drop. I'm risk averse so if I were in a similar position and felt that BAC had more upside potential, I'd collar...

If I had $163,000, I'd spend 90% of it on wine, women and drugs and then I'd waste the rest of it :)

Some people call the lunch time area the Dead Zone. Unless there's specific unsettling news, it tends to a less active period of the day. I call the first hour the Money Hour since it's often the best action of the regular trading session. I only wish that I could find a number of markets...

drcha, No need to apologize for emphasizing the risks of naked options. Noobs need to understand ut BEFORE they dive in, not after. Your post about 1987 is on the mark. I remember quite clearly the empty feeling in the pit of my stomach as the day unfolded... kind of like when a plane...

Margin and leverage are for experienced traders who understand the risk and can deal with the consequences. It's NOT for noobs.

Most of the time, if it looks too good to be true, it is. But once in awhile it's not and you have to be on your toes since a conversion/reversal opportunity is fleeting. Yes, you have to be pretty nimble to take advantage of a conversion. I use IB for trading. They have a combo order for...

How many times do I have to remind you that when calculating option possibilities, use all ten fingers when counting! :) And lay off the space bar :p

Because the window shades are open? Everybody also screams buy and hold, shorting has unlimited risk, dollar cost average, etc. D'ya think that they might have it wrong??

Let's see. The CBOE is in the option business. IB is in the business of letting you trade options. Yahoo and Morningstar are in the business of providing general financial info. Take a wild guess which would be more reliable when it comes to options.

There are several problems with your strategy. If earnings are coming shortly, more than likely, you're paying a volatility premium for the options, Once earnings are released, IV contraction will cause the premiums to drop. If there's a lot of pre-earnings expansion as well as post...

If IB and the CBOE do not show the option symbols then Morningstar is providing bad data.

IB shows ZERO lenders with available inventory with an indicative rate of -109.62%. That kinda puts a crimp in the idea :)

And yet they feel comfortable buying a $50 or $75 stock because it can only go to zero :)

You''re paying way too much in commissions. Try InteractiveBrokers (or anyone else as low) at 1/2 a ct per 100 shares (minimum $1 per ticket). That extra $9 per trade that you're giving up will really add up if you're active.

That's true but as others have pointed out, you don't want to get near your intraday limit. If you do, your account will be issued a margin call. You'll then have five business days to deposit funds to meet the call. Until then, your account will be restricted to an intraday buying power of...

LOL, So kind people are liberals? Heh! Yes, the writing was on the wall over a year ago, I went to cash in all of my retirement accounts b/t Jan and March of 2008. But normal people aren't tuned into to every twitch of daily market events. I bet that 90 something percent (if not more) of...

Yes, trading requires years of practice and dedication. It also requires that you master your emotions and reactions since give or take, you're going to be wrong 1/2 the time. Some of the positives of trading: easy commute, no boss or employees hassling you, minimal work expenses (clothes...

4:1 is the intraday margin for pattern day traders 2:1 is the Reg D overnight margin for everyone

Rather than debate whether we're going to have inflation or not, I'd like to go back to the OP's question. What sectors will do well IF gubbermint reports indicate inflation? Stocks tend to do OK if inflation is less than 4%. Above that, nyet. Other than precious metals and oil, what's...