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A little off topic, but I couldn't resist. Your reference to racial profiling brought back memories. I used to fly for a major airline...retired not long after 9/11. Pilots coming through security checkpoints were pulled aside to have their shoes removed and checked, belts and hats were...

A scientific approach to TA implies that the results (presumably making money) will be repeatable by anyone who uses the agreed upon scientific method. I haven't seen the formula yet. You can't invoke science to achieve results using TA. TA is an accurate historical account of what has...

My thought for the day, speaking of Asians... The US population is made up of about 4% Asians, yet they make up over 20% of the student body population in our colleges and universities. Now, what are the odds for that? This information is put out by greatschools.com.

Thanks for that advice. After years of working with options, I have never heard of a buy/write unwind order...just when I thought I had learned something along the way. I will look into it and will let it ride until I find out more. The securities are bouncing around so much today, I would...

Thanks for your input...point well taken.

Panzerman, The cost basis is down to around 29. I've never had SMH run away from me like this before, it has always been so range bound until now. I think I'm going to closeout this transaction. I got what I needed from it. Thanks for your reply. Good trades to you.

That does keep it simple, but I don't mind telling you that I did a double take at seeing the name Terry Allen. Be careful...I suspect you already know that story by now. Thanks for your reply.

Which is to say, SMH covered calls. Only recently did I sell SMH MAY 35 covered calls for a 75 cent premium. It seemed like a good idea at the time, when the .75 premium was still well out of money. What a difference a few days can make. SMH is now at over 37. The options remaining time...

The spread is a nickel in each case. Perhaps I didn't present this in the best way. As I hope to sell these as short options, I thought the bid price was the factor to consider. After reading your replies, this isn't so unusual after all. Thanks again for your clarification.

I found a stock that is taunting me with its' rich premium. It closed today at 7.57. The Jul 7.50 call is bid at .95 while the same strike put is bid at .75. I understand how the risk profiles should be the same, but it would seem that that is not the case in this situation. At the surface...

Thanks for taking the time to sort that apart for me. Only market values are shown to me on my trading screen. Where does one locate a readout of the NAV without doing the computations longhand? Your reply suggested that you have seen the values for comparison. I'm just curious, is all.

Let's take SMH for example. It is an exchange traded fund made up of 12 or more components. Today, some of those components are down while others are up...a normal situation I suppose. SMH is up very nicely overall, however. How then, is the value of the ETF determined? SMH is subject to...

Tiffany, I would never be comfortable with an arrangement like that. Take a moment to google Terry Allen, who once operated (perhaps still does) Terry's Tips. This so called "reputable" advisor destroyed many of his clients' auto-traded accounts. Be careful. Nobody is more interested...

I think there are lots of people doing just that (I mean trading using planetary astrology). On another board I read on occasion, the astrology based "Bradley Stock Market Timing Model" is being spammed by some guy. What a sure way to turn your money into someone else's money...like mine, for...

Did I read that correctly? Are you basing your investment decisions on the phases of the moon? Sie machen ein witz, Ja?

Quote from ByLoSellHi: "It's a valid point. I'm ashamed to admit I ever even bother with a glance at the screen when this clown's show is on." Don't be too hard on yourself. I don't believe in horoscopes but occasionally glance at them in the paper. So it is with Cramer. It's just for...

Not a very good Market Timing model in my estimation. I wouldn't bet on the "Wavers" getting it right this time either. :D

I haven't had that many screens staring back at me since I got off the 777. I consider myself a professional trader, running a business as well. Every trader MUST look at it that way or he won't be trading very long. The dialup just isn't a limiting factor. Good luck...

"The Need For Speed" When I was still a young AF pilot, speed WAS an important consideration. Now that I am retired from flying and trade fulltime, I'm here to tell you that the lowly "dialup" is plenty fast to execute anything I've ever needed. My dialup handles 2 javascript trading...

A politician?! :D