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No! No! No! You've got it all backwards. If you have a lot of money (like a lottery win), you spend 90% of it on booze, drugs and hookers and you waste the remaining 10% :)

He claims that he didn't inhale but I'm not so sure :)

Your 3.25 offer might facilitate the fill of someone else's spread order that's cts away from a fill... or it could be 10 cts away and the MM is taking a nickel off the other side as well, etc.

Geez, no. I was talking about how difficult the sprint is in Denver in the fin air. :eek:

Look into my eyes... You are getting sleepy Feeling like a chicken yet?

My good man... At what point do you consider that we're being jerked around?

LOLOL. What a wanker chain this is!

Two suggestions: 1) Use a simulator 2) Buy sheep, sell deer

I'm not too sure that you have a lot of friends here but I sure do think that's a counterclockwise answer. :) There is a cost of carry in options. That's what makes calls more expensive than puts. If there wasn't, the respective calendars would cost the same since they're equivalent...

Is that 90 dollars or 90 cents :confused: :confused:

Strategies limited by an IRA account can often be done outside it. For example, buying protective puts in a standard acc't to protect IRA stiock would be claimable on your return if they didn't work out. So spreads might not be out.

When you run in circles, do you prefer clockwise or counterclockwise?

Thanks for the pointer. that will do the trick as long as there's an ability to set a price limit. Otherwise, NG. Not a problem at all That WOULD be a problem

You've received a number of suggestions, some good, some bad. What you should do depends on your risk/reward aka fear/greed. Under all scenarios, I would remove risk. How you do that depends on your objectives/tolerance. Neutral to bearish is easy. Close the position. Buying...

What anyone makes per day is irrelevant. Whether I make $10 a day or $1,000 a day has no bearing on what you can do as a trader or how long you'll last. In addition, how will you discern honesty from BS? This is the internet where most stories really are BS, perhaps even mine :) What I...

Suppose a stock is quoted at 32.20 by 32.40 and I place an order to buy at 32.21. Now I'm the best bid. Is there an order that will allow me to specify that if someone comes in a penny better at 32.22 then my order will be increased to 32.23 and will continue to be increased by a penny up to...

The example is fine. The data considered may not be... I don't know the ex-div date. I made an assumption based on the link that you provided, perhaps faulty, that it would be 9/18 and therefore before Sep expiration. If it comes post expiry then I change my testimony to be in agreement...

No, it's not the dividend causing the difference in the cost b/t the two spreads. The short answer is that 5 cts of the difference is due to market pricing. The pending dividend lowers the value of each leg of the call spread and raises the value of each leg of the put spread. Since they...

Someone puts up real numbers. Thank you! Voila! and QED!

You must maintain the margin requirement in your account. If there's excess cash, it's yours for the taking. For example, stock is 50 and call is 2. In a covered call, there is no margin requirement on the short call. It's 50% on the stock. Your margin requirement is $2,500 and since the...