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Thanks Spin.. I wish I had asked myself that when SIRI went from 9 to .15.... To this day, I still can't sell it until it recovers or goes bankrupt.. I'm sure there is some cardinal rule broken about that... Some canonical quip with the word hope in it.. TAK

So what is an acceptable range for risk/reward? In the example, it would be 802/198, or 4-ish, right? Is that kinda high, or is this one of those subjective moments, whatever the trader feels comfortable with..

I thought "not traded" just meant that you were trying to buy or sell an option that didn't exist. Maybe you were trying to make an adjustment, and not close out the position?

I didn't see the p/l.. Here it is again just in case..

Hey, I am just getting the hang of this, if anyone cares to help educate me, I'd appreciate it...Most of the books I read don't seem to be able to answer my questions.. Attached is a the risk profile of an iron condor (AAPL) with a 40 wide body. I am Long Term bullish, and I understand that...

I am not an E*Trade customer yet...But I will read up on it, and take the information seriously...Thanks for the info, I have a hard time understanding how two accounts have the same acct #.. Any chance with the other two questions anyone? Todd

OK, it looks like they have finished the margin paperwork, thanks to all for your advice. My account is now a margin account. I have decided to wait until the smoke clears and all HD accounts transfer over to Etrade on Jan 6 before I decide on making further changes, and risk a big mess...

So I am reading outdated material then...Thanks for the info, it looks like just what I was looking for. Todd

Yes it does help...So what has happened to the specialists spread? I assume he must still make the market fair and orderly, and I doubt he doesn't make as much as he used to. Is he forced to do his job now for pennies per share and volume makes up for it? Todd

Thanks you're right, they were there. Do you typically use Dec or a later date to trade with?

Heh, yeah, good point. Right now I am using Marketport by Harrisdirect, but they were acquired by E*Trade and will be converting over to Power E*trade in January.

Being inexperienced, I have been reading alot of books to help my trading. Most of them refer to a bid-ask spread, and techniques on how to make a quick in and out. However, most of these books were written before decimalization, and refer to "teenies" or 1/16's, perhaps 1/8's. Well, my...

My software, or maybe it's my broker, doesn't have sS&P futures quotes. Can you tell me how you all follow the S&P Futures? Is it a special symbol, or can you physically pull up the Dec ( Jan) S&P 500 options as an alternative? Any suggestions? Thanks Todd

Thanks... I'll jump on it Monday morning.. Hey, do you mind if I go off topic a sec and I ask you what you use for trading software. The Marketspeed doesn't do it for me ( which will probably be obsolete once E trade finishes the aquisition, probably to be replaced by Lightspeed) but it...

I am a little confused...I have been using Marketspeed by Harrisdirect, which was acquired by E Trade. I am not very excited about it....Hammertrade Software looks great from the ad. Is there a demo I could test out? Could someone explain to me if it is a broker, or just software or both...

Yes, this is what I plan to do if I don't get anywhere with a phone call on Monday. Peil pointed out the fact that the broker has the authority to grant me a waiver, which would be mighty large of them. On Friday, the rep told me that I could not sell any of my existing securities to cover...

Thanks for your excellent advice...I felt the whole time it was a little strange that they temporarily restricted me after the fact, and allowed me to trade 4 or 5 times before settling. Hell, they even let me trade the next day..What's deceptive is that they debit and credit the cash balance...

Hey that's great info..Thanks for the advice... Todd

I called them tonight and the support guy kind of tried to explain the Reg T rules to me. He admitted that the lights were out and he was trying to figure it out on his calculator, but in the end it kinda made sense to me, even if I wasn't technically trying to freeride. I think you are right...

So, what you are saying, is that, if you bought and sold stock once a day, every day for a week, you will be flagged as PDT? And then what? What happens if you get flagged PDT, just the 25k floor kicks in and the 4:1 margin? Is that a bad thing? Thanks Todd