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My short answer is that I would have locked in the 90 pt gain on the 460 calls by closing the position. If still bullish there are many things you could do while risking only a portion of that huge gain.

Wash sales aren't a problem in a single account if all positions violations are completely closed by the end of the year and you avoid re-entry for 30 days. My guess is that transacting in two separate accounts does not get around PDT rules or wash sales. Whether they are clever enough to...

For equities, you don't need two accounts to do this. You can be the best bid and the best ask at the same time. But that gets you nowhere unless you get a fill on both sides. This can work if dumb money is buying at the ask and selling at the bid. It gets better with illiquid stocks...

Got 2 more 900+ scores but haven't cracked 1000 yet :) What I mean by good box fills is that when the game adds balls, it places same color balls together (in line) rather than a blocking color. When that occurs a lot, a high score is more attainable. Apart from enjoying the game, it's...

I feel better now. My opinion of TD Ameritrade continues to be low :)

Send me $100 and I'll sign you up :)

From SFO magazine: Training programs and seminars have dangerous limitations "Though it is true that you may have to start somewhere, the mastery of strategies and knowledge comes not from a fast-track bunch of classes, but with prolonged, active day trading. Your chances of becoming a...

ETF's also seem to be the new frontier for no commission trading. Schwab, Fidelity and Vanguard have a small number of them. On Friday, TD Ameritrade announced a list of 101 commission free ETF's. And no, I don't trade there :)

If your looking for option chains, you kin find tham at a lot of free broker web sites. Here's one for OX and one for the CBOE https://www.optionsxpress.com/OXNetTools/Chains/index.aspx?SessionID=&Symbol=SPY&Range=4&lstMarket=0&ChainType=&AdjNonStdOptions=OFF&lstMonths=&FromVB6=True...

Not that you asked, but... Options are very complex in general, much harder to grasp and employ successfully. Compared to the underlying, the B/A spreads tend to be larger, iquidity can be low and they have inherent properties that can be confounding. Assuming that you're long, a delta...

BOOKS Read everything that you can get your hands on. Library, web. PAPER TRADING Many brokers offer it. Here's some non broker (have no idea if any good) http://simulator.investopedia.com/ http://www.cboe.com/tradtool/virtualtrade.aspx Not a pro. Started off 10 eyars ago...

It's as simple as that! You can do well with less than a 50% win ratio if your $ gain to loss ratio is good.

Trade anything that highly correlates with the SPY. Leveraged ETF's will give you more bang for the buck.

-------------------------------------------------------------------- Quote from crgarcia: I trade very long term, usually buying on bear markets/recessions. I made 6 figures profit from the market rebound. Now I'm on cash waiting for another plunge (double dip)...

My two top scores were 808 and 974. Needed a lot of good box fills for those. Have you noticed the occasional phantom move where you click the ball, unclick it because you see a better move and the game adds 3 bals?

The beauty of options is their leverage - you can get large returns from a decent move. What's hideous about them is the slippage. You can buy 100 delta options to particpate in smaller moves but that gives up a lot of the leverage and subjects you to gamma. If you have good timing...

The little guy (retail) who got clobberred in '08/09 hasn't returned and institutional money makes up a larger percentage of daily volume than several years ago.