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spot on MTE ! I already hold on the stock for long time with long term put option (9 months-12 months) as protection. The dividend for the company more less pay for the put (so like 'free' capital guarantee). Very-very handy during the rough patch like last year. Then I just do covered...

I have created a summary of what happen on below link: Covered Call & Suspension: Does ACH Know What They Are Doing? I will see if I make a bleep on their radar. Thanks for all your support in this matter.

I have IB account (well, the account is with other local company but the statement account is from IB - so practically I am using IB isn't it ?) - but the charge for option in US is $15 per leg. Not as cheap as IB direct (less than $1). The problem with direct account is the hassle of...

naahhh, he is not Aussie.. 13 out of 14 trades correct (see his profile) is too good for us... :p

I fully agree that those seminar/workshop/bootcamp/whatever the name is simply overprice. If you looking for some interactive question/answer, usually they don't have or have very limited time anyway. Some people are autodidac so they can pickup any book and learn from it (and most importance...

Yup you don't need to. just a habit of me to have predefined plan (pdf format usually) to refer to during the months of the option. Agreed!! :-) Unfortunately, that's we have here. The "full service broker" will charge at least $75 + $1.1 each contract for clearing house fee. The...

Below is my trading plan in regard to option spread. If you follow it and make small fortune, buy me a beer someday...:D All comment welcome ! (I attach my excel spreadsheet if anybody interested) 1. Determine the maximum loss and maximum profit. 2. Set your target on the range from (1)...

It appear it's some kind of 'standard operating procedure'. (see the content of the letter I demand from the broker) Gee, I guess I have never across a covered call that being suspended before. This is one of those 'silly' rule that need to be removed. There is no implication whatsoever for...

Sorry, I should be more explanatory for worldwide audience. My apology. The stock OZL is OZ Minerals and listed in Australian Stock Exchange. ACH is Australian Clearing House. And covered called is a.k.a Buy Write. The broker at the moment seems not at fault (it's CommSec) because I did...

that's exactly my argument. I thought if the stock is being suspended, status quo will take charge. It's really strange policy by ACH. I just received the 'release of securities from option cover' letter, so the broker was not playing around. it's real...

Hi all, I just got the weirdest call from my option broker this afternoon. I do covered call among other things. Currently I have written December Call for OZL. As you know, OZL has suspended themselves from trading and now the stock and option is not moving (non-liquid) The broker said...