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Gee, like I haven't heard that one before! :D :eek: :)

Yeh, TITANIUM is another first time poster who showed up to bash IB. You're in good company (smirk)

Oy, get a broker that doesn't make you broker. Capiche?

YEh, I knew that but I worded it incorrectly. Meant naked not short. Can I still stay here ? :)

madbrain, Consider asking fewer questions per post :) Best broker depends on the tools you need, the frequency of your trades and the size of your trades. A fee per contract/share is better for the small positions whereas a flat fee commission tends to be better for larger psoitions...

Thier lack of real useful money management tools is why you took big losses??? ROFLMAO at you.

Pretty good idea, huh? I feel like Newt Gingrich! :eek: (without the jewelry bill)

Here's anther way to look at all of this. I buy a long call. You buy the same long call but you also sell the next OTM strike against it (a vertical spread). The difference b/t our P&L will be the short call's performance. We all know that a naked call is profitable below the total of...

Try some soap and water :D :eek: :p

Maybe you should buy the unsuccessful ones that I sell and I should sell the unsuccessful ones that you buy.

Unless here's some strong chatter about someone coming in with a higher bid for the company, 40 strike calls with a buyout offer of $25 to $30 will be worthless. And even with it, still close to worthless. You'd have to get a lot closer to $40 for anything significant to occur.

Your account value will always show the the net effect of paper gains and paper losses. One of the many problems with your premise is that whatever the further OTM short leg decays, the long leg will decay more. That means a net loss of account value. Only a cooperative underlying will...

As a general rule, spreads do not give you more bang for the buck than an outright long except in those infrequent instances where the UL goes right up to the short strike or you make some ideal, perfect timing adjustment. In reality, that does happen but in the big picture, it's a small...

I'm at the track and one horse has one its last 4 races and the other is 200 to 1 and has never placed in the top three. Yeh, either bet is a gamble but one is a lot more likely to pay off.

I'm very successful with the ITM options that make money.

If the long call is ITM, it may trade below parity and the only way to avoid losing that negative intrinsic value is to simultaneously sell the UL and exercise the option.

There are problems with your premise. You're selling OTM calls to reduce the cost of your long calls. Therefore, you can buy many more lower priced vertical call spreads than higher priced long legs. Yes, the entire position can take a loss quickly and it is nothing in compared to if you were...

Not necessarily so. If assigned and if GLD heads down during the pre-market, the risk could be a lot more. And conversely, a nice profit if assigned and it rises. To the OP: Deal with it in the pre-market if you're long the shares.

Assuming it's the same strike, compare the time premium per day for the respective options, taking into consideration the commission costs.

Anything that improves your position is feasible. The repair strategy for long stock involves involves a ratio call spread. You buy a lower priced call and pay for it by selling 2 higher strike calls (per 100 shares). Ideally, it's put on at no cost. B/T the strikes, you recover $2 for...