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In your application with IB, you said you had many years of experience at level 2 and maybe level 3 trading options (unless you lied). That will be the first thing they bring to a judge or an arbitrator...Now where do you stand??

I looked at FXI before. I just don't like the China banks...House of cards.

I've owned Alibaba twice...Did covered calls both times and it got called away. My wife doesn't want to pull the trigger again on it this time. She is very smart and a better investor than I am...Like buy and hold Lowe's and QQQ. If I had cash on the sidelines, I would buy BABA at about $225...

Billion dollar app and I mean billion!! Create an app (sound, smell, or sight) that can find the mosquito in the room...

Talk to people who are smarter than you, who you trust. If you ask ten people and the same name pops up 3-4 times they are probably good. Not cheap, but good. If they are a good CPA, they should be interviewing you as much as you interviewing them. They want to see if they really want to...

Sad...It's the end of closed end funds.

It happened this year to the Royce Family of Funds. RVT, RMT, RGT...I must have got 5 proxies (and 2 or 3 phone calls) each because of those stupid corporate raiders!! They hurt the value of the funds by having to defend their investment style. The funds are then unable to reinvest in...

It is not for the average day trader. But for the average investor, they may not understand the process...

On the website...At the bottom in the fine print. Non-marketable limit orders that become marketable during the routing process may be re-routed to one of our liquidity providers.

I got a Schwab disclaimer in the mail today. I read the fine print on this stuff. I'll share a link on their order execution. I think they worked on these pages for months (years)...So customer service doesn't have to spend hours on the phone with people. I'm also sure legal went over this...

This is how I hedge it...Others may not consider it a real hedge, but it works for me. I will buy stock in RING...Both in my trust account and Roth IRA. It is in gold mining stocks. It also pays about a .8% on the dividend. I then will do a covered call on the stock. If it get called away...

Many CEFs will buy back shares, depending how much cash they have on hand and the NAV situation.

I might be wrong...The stock drops 20%. In order to cover, your covering position is at another broker. It takes 2 days to clear the trade. Then you have to wire the money $$ to the other broker. Could this be a problem??

I can tell you what most millionaires do (backed by research). They will go to a specialized accountant/attorney. If you are serious and ready to pull the trigger, finding and retaining a knowledgeable accountant and attorney in your specialized field pays for itself very quickly. I will not...

Happy New Year!! We have just been played...

Like I shared on another thread... Unless you are an airline or Exxon Mobil, the judge may ask you (class action group) why were you in this commodity?? Same with USO... Judge to class action..."When did you consult your specialized commodity attorney"??

Yeah, you are correct...I'm wrong. It just seems when a company declares a special dividend, the markets (individuals, pensions, mutual funds) wake up and take notice. I've never had a covered call on a stock, declare a special dividend, that didn't get called away... Also some of my value...

You are correct...So my option that was out of the money, is now in the money and getting called away at/near the close. The buyer of the option gains from the special dividend...Not me. But I knew what could happen when I sold my call... That is why the special dividend would more likely...

One of three things...You are delusional on your projections (20%, being a new trader). You are misinformed about what is normal in the option world. OR you are trying to put us on...Sit back and laugh. If it is not the third one, I will give you some good advice...If you choose to take it...

"Apple will pay their special dividend"..."Krusty is coming, Krusty is coming". About the same...