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I'm in a very similar situation, where are you located?

C'mon, anyone have any idea? Room full of traders and no one has even gone short against the box?

That is what I thought, originally except that, if you read the law there is that loophole tagged on the end that I don't quite understand. I asked a local tax advisor and he seems to think that if I don't give up the title to the long shares then I won't have a reportable transaction in...

Hello, wondering if anyone can help with this question. The way the tax law is written is a little confusing so I haven't been able to figure out the answer on my own. Here is the situation: If I hold 50 shares of stock (short term <12 months) and go short 100 shares of the same stock in...

How about us Norcal guys?:)

That's the truth. If you've been at this for 7 years and you claim you make 5-20% per month, you should have more than enough to trade with. Does it go something like this: ET User gives you log-in info > You change password + wire $ out of ET User account > ETer can't track you down > You...

I have been looking to go full-time and live in SF. I'd love to be in an office as well but am not in love with the options in the city. Are you trading retail or thru a firm?

Thanks. Can either of you post charts? I'm not that sophisticated :confused: Also, are you trading this right now? I don't feel comfortable holding over the weekend for this right now...

Looks it to me. Can anyone post a chart?

Don, just saw you are in SF. Any seminars or anything going on for us Bay Area guys i'm not aware of? Thanks

So which firms, that command no capital, do you guys recommend? I'm in SF btw. Thx

I agree, don't take it for granted. I studied for a few hours, took like 5 practice tests and was in the 80's on all of them, then went and took the test and got a 69. The practice tests were nothing like the real test, the wording was totally different. Studied more and went back, took it a...

Only smart guy in this thread. I can't believe how some of the rest of you talk out of your a$$es. Just make up some numbers or pull them out of the air, they don't have to be relevant to anything. Knuckleheads. Please dont post if you're that ignorant.

You're right, it's not unlimited risk. The risk = the Strike - Premium taken in so in your case, about 43.70 depending on commisions. That said, how did you get naked options approval and why do you think selling a 30 cent Put on a $44 underlying is a good idea? Do you realize you are...

Would you mind expanding on this question? Would like to ponder it but want to make sure I understand what you are asking. Thanks for the replies, guys.

Not sure if this is in the correct section, if not Mods please move it as you see fit. I've been trying to figure out how some of the serious daytraders out there trade. Since I work in the industry, I have to trade with either Schwab or Fidelity, I chose Fidelity. That said, I can seem...

So, because of my work I have a 30 day minimum hold. I own 5,500 shares of SIRI and last Thursday I wrote 30 contracts of the April 08 3 dollar calls (not expecting the DOJ to make a decision until summer). Since then, Siri has moved up over 10%, I'm locked in with these Calls and since the...

Interesting, so there are no offices in San Francisco at this point? Still have offices outside the city?

Up. Don, can you tell us where your Bright offices are?

There is an Assent office, south of market someplace. Bright also has offices in the Bay Area, does anyone know if they have any in the city?