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rmorse, Are your posts defending Penson your firm's position. This is a public forum. Just asking.:confused:

Look at Millenicom's advanced plan. They use Verizon's network and have a 20G limit for $59.99 with no contract. This is a 3G service. I went the Millenicom route in June after using Verizon for many years. I don't see any difference. The member's forum "Internet Access on the Road" on...

The IRS has published a very clear instruction on the issue. See IRS Topic 429 Traders in Securities. Anyone reading the above should refer to the IRS instructions and/or seek professional advice before taking action.

IB does have an options desk for large or complex orders.

See the PM I sent.

For history buffs, In the mid to late 90s, the SEC was pushing to force listing of options on multiple exchanges. Up to that time, each exchange had a monopoly on "their symbols". At the same time, anti-trust considerations prevented hand helds on the floor and generally restricted the...

The Java deal is cash at $9.50. If you don't have a clue, why confuse the issue. This is not the role of a moderator. :confused:

The regs do change from time to time; however, I believe this restriction is still alive and well. CBOE recently amended this rule in May to lift the prohibition for certain classes of professionals. Using multiple accounts with the same benefucal owner is also restricted (tough to enforce)...

The option exchanges prohibit you from "acting like a market maker". Thus, you can't make a market on both side of an option contract at the same time. This is a long standing policy.

The Army went away from the 45cal in favor of the 9mm for a reason.

I have a Springfield Armory XDM 9mm. It loads 19+1 in the magazine. Magazines (not the necessarily the weapon) over 10 rounds are illegal in some states (like California). My second 9mm is a baby Glock 26. Both will do the job; however, the Glock would be my choice for concealed carry and...

For you arbs, CIT-C is convertable at any time into 3.9526 shares of CIT. You may want to look at the spread.

Perhaps because they are in the money. AIG = $36.00 post reverse split; therefore, AIG = $1.80 pre-reverse split.

The multiplier doesn't change. You pay $163 for the contract plus 10*100 = $1000 for the exercise or $1163.

What reverse split. The 1% equity in GM for current shareholders and the reverse split went away with the Chapter 11 filing. The new GM stock will be issue via an IPO. GMGMQ will likely be cancelled as old GM goes into Chapter 7 liquidation.

There is some press out there claiming these options will be cash settled. I believe this applies to chapter 7 BK and not chapter 11 reorganization as the stock willl not be settled for years.

These things tend to trade for years on the OTC market. Look at LEHMQ. When you exercise your long put, someone is assigned and you have an obligation to deliver the stock to the individual/account. Thus you are short the security unless you purchased it before exercise. The OCC is not...

This guy is a lost soul - he mistakes this for a Yahoo message board. Not that elite is all that much better sometimes. The puts will continue to trade in a closing only status. If you're short, you can buy. If you're long, you can sell. Additionally, you can exercise a long option...

That's also my reading; however, things can change. We need to see the formal exchange offer. The 1% never made any sense anyway.

Great observation. The casino does tend to win; however, they aren't always good in unusual situations. Take your money from the uniformed. Good trading.