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    INTC: Earnings Preview with Options & Skew

    IV for GOOG April options up about 25% over the past 3 weeks with May minimally up. Anything interesting going on there?
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    Wash Sales for Taxes Question

    That's surprisingly good advice from the IRS (contact a CPA). I've heard (anecdotally) that when you call the IRS, they provide bad advice a fair amount of the time and if you follow that bad advice, the consequences are your responsibility. LOL. Talk about a rigged game! I contacted a CPA...
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    Tax filing with IB

    Sorry but I'm not customer support (never used the demo). Try reading the web site or any user documents that come with the DL (if there are any). If that doesn't work, E-mail or call them.
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    Tax filing with IB

    To repeat, Tradelog downloads directly from my broker IB in a matter of minutes. OK, maybe a few minutes per 1,000 transactions.
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    What's your Trading System??

    I find it amusing to watch how certain words used here such as "edge" are debated and argued until the cows come home. I used a fairly simple trading system in '08 and '09 that yielded 6 figure gains, which for me, is huge. Now I believe that I had an edge. Or perhaps I just noticed...
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    Exercise or sell to close

    AXL is 10.65 bid at 10.66 offer. The APR 10 call is 0.65 bid at 0.80 offer. Take it! The advice to work the middle of the spread is good but never lose sight that while chasing a nickel (or more) you can lose a lot more if the UL drops and a chunk of the gain is lost. Had the call...
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    Bull SpreadSpread on RIG

    Sorry, my bad. I meant to say equivalent not synthetic. The long 75/80 call spread is equivalent to short 80/75p spread that you did so if you do the former instead, your entire psoition becomes a long 75/85 call spread (10x).
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    Tax filing with IB

    Tradelog downloads directly from my broker IB in a matter of minutes. OK, maybe a few minutes per 1,000 transactions. For the first year, it requires that you enter open positions as of the end of trading on 12/31. I'm usually fairly flat on 12/31 so I had maybe 15-20 positions to enter...
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    Bull SpreadSpread on RIG

    I forgot to mention, why not just do the synthetic 75/85 call spread and save 1/2 the commissions, a pile of slippage and have a simplified combo order available for entry and exit?
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    Bull SpreadSpread on RIG

    What's does the big graph on the right have to do with anything? The word HELP in capital red letters on the bottom right over the profit numbers should be way to the left over the -12.50% column with a lot of exclamation marks. :) On a more serious note, with a more than 3:1 max...
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    What's your Trading System??

    If it works, it's worth something and is unlikely to be shared. Philanthropic gifts generally involve cash that achieve deductions not cash generators. :) Analogous to the brokerage argument is a system where supply is limited. A coupla f(r)iends or ET-er's could reduce available size...
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    Unsystematic / Systematic / Event Risk

    It's an option contract. If you're long, you have the right to exercise, If short, you have the obligation of assignment. You are not excused from gains or losses due to corporate events. If the UL is suspended from trading, everything goes on hold until the issues are resolved and trading...
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    dndn option play, looking for advise

    Everyone wants a position that costs very little, loses minimally if the UL drops, makes money from time decay if the UL goes nowhere and does very well if the UL gaps up. Would you like six pack abs and a super model as well? :) Risk and reward generally go hand in hand. If you want less...
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    Wash Sales for Taxes Question

    Yes and no. If the violation and final closing transaction occurs within the calendar year, it has no effect on one's return. But if the 61 day wash sale period overlaps the end of the year then the gains for the earlier year are increased as the incurred loss is carried forward to the...
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    What is the name of this position?

    Add the delta up... But you can't ... because it's theoretical? LOL. Feel free to peruse any of the nearly 3,000 optionable stocks and find one where the OP's position provides the same result as 2 long calls. Any way you cut it, a bull put spread is not a long call.
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    Are writing options profitable?

    Whatever you can do with 50g you can do 2x as much with 100g and 3x as much with 150g, etc. It's simply arithmetic and the return is the same, percentagewise.
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    Wash Rule

    EOY wash sale violations that carry over defer losses until the next year thereby reducing the refund. Those with Professional Trader status use MTM accounting and don't have to deal with wash sales.
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    Anyone who is upset with this market is

    I have been very upset with this market I have warned it to straighten up, fly right and behave ! If it doesn't, I'm going to take away some serious support levels !
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