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http://www.latimes.com/news/politics/mc-dc-toomey-debt-20110216,0,1127935.story "Toomey says the ceiling can be hit and the United States would not default as long as it prioritizes spending by using the steady stream of tax revenues to pay its debt obligations before any other government...

Well, this is confusing... http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/DayTrading/P005906 "Day trading in a cash account is generally prohibited. Day trades can occur in a cash account only to the extent the trades do not violate the free-riding prohibition of Federal...

Well, since the PDT rule is for margin accounts and not cash accounts, this isn't as restrictive as I thought it was, but then again I prefer options, and they settle the next day (to avoid free-riding)... Plus, I prefer strategies that daytrade about 1 to 3 times a day. That being said, I...

Well, I just wished that my broker made it more "efficient" to not exercise an option. On my broker's web platform, I see no way to opt out of auto exercise. I assume I would have to call them to opt out. I also wonder if you have a long put, then the stock goes bankrupt and gets delisted on...

Well, Mister Black Swan himself, Nassim Taleb, is very biased towards long options. His firm Empirica used only long far out of the money strangles (with dynamic hedging no doubt). He does admit this is quite an aggressive strategy.

Care to mention them or was that just a tease? :p

I'd like to revisit this topic. I remember reading here about an option owner being forced to exercise his long options. On expiration day, he tried to sell but there were no bids. Then the options went into the money after the closing bell. Original thread...

I would agree with the renminbi, but how liquid is the renminbi? Also, what does he mean buy the panic? No one in their right mind would buy into a market at the start of a panic...

So are the new prices just for new customers or everyone?

Well it's not too bad, Japan has a higher debt/GDP ratio of almost 200%. The US just have around a measly 100% of gdp. :p

Does anyone remember Friendster?

For what it's worth, I thought the original post was about self trading doubt and reassessment. I didn't really see anything arrogant about it. I also read the Ferrari in the context of fantasizing. I think in this business, we all fantasize about potential wealth. It's just matter of keeping it...

I wondering where in the SEC's regulation specifies that this is illegal. It's also hard to prove that someone cancels an order to manipulate the market. Who hasn't ever canceled an order? I'm not saying I condone this, but I'm not bothered by matters of a penny because as a retail trader there...

Thanks for the clarifications. I think I would rather side with the old timer's dual usage of the term "naked". :)

For some reason, I thought any single option position is considered naked whether long or short... :p Perhaps someone should tell this guy that he is confused as I am: "long-only puts & calls subscription service" http://www.nakedoptionstrader.com Anyway, I just don't understand why many...

I am pretty baffled with the profit to loss ratios on long spreads and long naked options. Example: XLF (currently at $16.51) Jan 2012 puts: $11- .35 $12 - .46 . $15- 1.16 $16- 1.57 For a long naked $12 strike option, it is about 3.4 times at $16 (1.57 / .46 = 3.4). If I bought a long...

When I was mixing and matching options like chess pieces, there were a few times I thought to myself I was a millionaire! Luckily, I kept my silly thoughts to myself, but what a high! I assume this is what crack feels like. :) Now, I am skeptical of any idea that even hints of making a living...

13000+ would mean almost a 100 percent gain in roughly 2 years -that would scare the beejeezus out of me. When was the last time something like that happened?

Is there a third party program that allows you to download intraday historical quotes from TDameritrade, preferably as a csv file? Their programs don't do this --at least not that I am aware of.

Ah, I figured out what happened at the NYSE on Thursday. It went into "slow mode" on certain stocks, but those particular stocks continued trading elsewhere and I thought the NYSE halted trading on those stocks...