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What's moronic is your statement and it reflects your lack of market understanding and inability to trade.

Yes. it was Sept '08. My bad. Except that for several weeks, no shorting was allowed. At that time, the indicative rate for many of the financials was over 100%. That was insane!

No, you cannot use the short sale proceeds. However, if the stock declines in value, your margin will increase and you will be able to use the excess loan value (take cash, sell more stock, do nothing)

Clamping down on short sellers... another scapegoat for the gubbermint's ineptitude and Wall Street's malfeasance. Deregulation (Gramm Leach Bliley) Failed SEC regulation Self regulation of investment banks Sub prime loans ARMs (option adjustable, balloon-payment, interest-only)...

-------------------------------------------------------------------- Quote from spindr0: If I don't like how the trade is behaving, I cut it loose regardless of the profit or loss. Fixed arbitrary numbers don't work for me...

Are you Jack Hershey in disguise ??? :)

clambill, All the technical analysis in the world means nothing when news hits. And news can be meaningless based on expectation (bad news can be good). Just go with the flow :)

Small detail but you're selling puts. Typo or change of strategy? The Goonier's suggestion of scaling in is fine if you have some sense of market timing or want to leave your purchase price up to chance (hoping the price will decline so you can get higher premiums or sell lower strikes)...

I sure hope so. Volatility is good. Range trading be bad! Loooooook ooooout beeeeeeeee-lowwwwwww (I hope)

Black Monday ??? Are we expecting an eclipse?

If I don't like how the trade is behaving, I cut it loose regardless of the profit or loss. Fixed arbitrary numbers don't work for me.

How does this help the OP if the underlying keeps dropping? He realizes his current loss on his long calls as well as add'l loss on the verticals and that might approach the original spec money total.

I'm not sure whether it was your former objective to write calls against the stock or a current one to write them against long calls (verticals). Either way, they should have been written before now rather than just riding your long position down. Sadly, there's no simple way to recover the...

Which strike to sell is a more complex decision (profit potential versus downside protection). But given that you have decided that and wonder which month, it's a bit easier. Under normal circumstances, near term months offer more premium per day than far month even tho the total premium for...

LOL> These are the days when it's great to be a day trader :)

Yahoo is notorious for unreliable quotes. OX is pretty good: https://www.optionsxpress.com/OXNetTools/Chains/index.aspx?SessionID=&Symbol=RUT&Range=4&lstMarket=0&ChainType=&AdjNonStdOptions=OFF&lstMonths=&FromVB6=True

AFAIK, the Webtrader offers the same symbol features that the standalone platform does. Assuming that it does... Type your symbol and then hit ENTER. A menu opens up and under and it will list: STOCK FUTURES OPTIONS COMBINATIONS Click COMBINATIONS and from there you should be able...

The best week to trade options is the week that they move in your favor :D

If tracking means tax preparation forms, I used TRADELOG last year. For a long winded explanation of the mess I had last year, read this: http://www.elitetrader.com/vb/showthread.php?s=&postid=2295678&highlight=tradelog#post2295678 And FWIW, I'm not a 10 post noob pushing a product in...

It's really quite simple. You sell the covered call when the stock has reached its highest price before turning down. Polls won't help you with that determination. In reality, the top can only be known in hindsight so you have to assess the risk vs reward as price fluctuates and sell the...