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    Don't believe in option exp pinning?

    With approx 2,800+ optionable stocks, the law of averages dictates that some of them are going to to expire very close to a strike price and some will expire right on the strike. If you really want to impress me, tell me which ones will be pinned a week before expiration. Then I'll believe.
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    Backspread a de facto free hedge if you are short?

    This is an challenging puzzle that's tough to specifically answer because there are so many variables involved and possible results. Here are some considerations but in the last analysis, you're going to have to put the pieces together and act accordingly. On the equity side, you have a...
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    IB combo/generic combo orders

    We don't wanna share no visibility with you peeps :) Heh, heh... funny stuff!
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    Option IV for stock

    Just a guess.... Are you sure that you are comparing identical critters? If you were comparing two vendor graphs of the same option, I'd expect identical results. If you are comparing the average IV of a stock, either vendor may be including/excluding peripheral OTM options and that...
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    delta nuetral scalping?

    In order for this to work, you need the stock to really move away from the strike of for implied volatility to increase or some combination of both. If the stock doesn't move much, time decay gets you. If IV contracts, premium disappears. And then there's B/A slippage and...
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    What do you think about ETFC?

    Didn't you know that losing money is a business model for making your company look more undervalued and attractive?
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    What do you think about ETFC?

    And if it gets bot out for $6.20, the $5 call will break even and the stock holder will nearly double. Betting on a $5 call is a long shot. Betting on a $10 buy out is a fool's lottery wish. Could happen but that's a terrible way to deploy money.
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    What do you think about ETFC?

    Are you investing in ETFC to make money or not to lose money? 2010 $5 call has a delta of approx 2/3 with a 20 ct spread. Stock must go up 30 cts to break even. Stock has one ct spread. If I were bullish on this POS, with a one cent spread in the stock, I'd trade it silly for the next two...
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    Which options exchanges trade your options symbol?

    You can generate a list at the OCC. Unfortunately, sometimes it doesn't provide exchanges for all of the stocks. http://www.optionsclearing.com/onn/issues/download.jsp
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    Job Employment Schedule Release Date

    http://www.thestreet.com/_tscnav/markets/databank/10396444.html http://biz.yahoo.com/c/ec/200802.html http://www.bloomberg.com/markets/ecalendar/index.html
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    What do you think about ETFC?

    If you're bullish, buy the zero strike call (trade the stock).
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    Pattern Day Trading

    It's all clear now. I got a little squirrelly last Monday as my intraday trades approached what I thought was 3.5 times my account value but now I see that it was much ado about nothing since I had cash available at all times and the closed trades were not part of the margin calculation...
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    Pattern Day Trading

    Thanks for the reply. Your comments make sense but something still troubles me. From the 2520 rule: "Whenever day trading occurs in a customer's margin account the special maintenance margin required for the day trades in equity securities shall be 25% of the cost of all the day trades...
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    Pattern Day Trading

    I was speaking to a rep at my broker about a few things and asked for some clarification about the Pattern Day Trader rule since recently, I had traded equities heavily and was bumping up toward what I thought was my 4 times limit. She stated that if one had the $25,000 minimum in the account...
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    using options to do this...

    Under certain circumstances, I also day trade pairs... sometimes even holding a few days. With these, I'm looking to squeeze out 20-30-50 cts net. Options are not viable for this because of larger B/A slippage and a generally slightly higher commission rate. However, if your gains are...
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    Options, long stock, wash sale

    Hey Don, The IRS has put the kibosh (sp?) on selling against the box or what you indicated as "you hold long stock while simultaneously selling short (say in a different account)." As CB surmised, I was referring to being long a stock, taking a loss at the end of the year and then trading...
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    Options, long stock, wash sale

    As previous poster mentioned, they are considered similar secutities (see IRS publication 550). I have a tax question... If I take a loss on a long stock position, I'm faced with the wash sale rule for 30 days on either sale of that closing transaction's date. Can I still trade the shares...
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    Ratio call spread question

    What you're missing is that these two strategies provide different risk/reward spectrums. Just because there's one naked call in each position does not mean that they provide similar results. There is a possible advantage to everything that you do just as there is a possible disadvantage.
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    Stock price changes while options stay the same

    Implied volatility contracted, dropping the premium in the options.
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    ETFC triple play

    I'm missing the point? LOL! Who's talking about early assignment? By selling the Jul 5/3 vertical put spread for a credit of $1.20, you are entering into a contract to buy the stock at $3.80 if you are assigned. You can buy the stock for $3.55 (Friday's close). Where's the edge in that...
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