sold this for 41.10... cumulatively i made a little money on earnings considering the broken wing fly.. i can't hate it.. realistically if they would have beat earnings with the way the stock behaved after hours on the miss.. i would have think there would have been a really good jump up.. so that broken wing was almost upside protection.
Carey's Journal
- Thread starter cdcaveman
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sold this for 41.10... cumulatively i made a little money on earnings considering the broken wing fly.. i can't hate it.. realistically if they would have beat earnings with the way the stock behaved after hours on the miss.. i would have think there would have been a really good jump up.. so that broken wing was almost upside protection.
Sup?
just transferred my money out of Think or Swim... they tried to make me jump through hoops to get rid of the ticket fee... they wanted statements showing a certain amount of trades faxed to them.. i would have had to cumulate a bunch of account statements and send them to them.. just to have them match IB's commission structure on OPtions only.. plus i don't like the platform.. its a christmas tree for retail traders.. i feel like a chump using it..
I've heard folks raving about the platform, never seen it myself, but yes sometimes less is more.
As for the statements, that is really strange. THEY generate the statements and issue to you, why ask you to send them what they should already have?
They've clearly had some corporate culture change since being taken over by TDA.
Anyways, the more I look at IB the less I want to use my other broker account, which costs more anyway. The only reason I have is for spreading funds around rather than concentrate in 1 brokerage account.
open sub accounts with IB ... to mitigate contagion in margin issues amongst different strategies.. just as an example.. if your aggressively selling puts in one sub account.. and you get a market crash.. you'll get called on only that amount in that account.. so you can blow up in a small way.. localize the volatility in your account.. kind of like a stop loss if your aggressively trading with margin..
I try to be very conservative with margin.
That said, I do worry about a Black Swan event.
I'm actually more concerned about the outfit doing an MFG/PFG. I know about the SIPC coverage, but how that will work in reality with forex, options etc all being traded in the same account is something I have to wonder about.
Before MFG/PFG the futures industry used to boast about how wonderfully customer segregated funds worked, and nobody ever lost money as a result. Put the guys who blew that trumpet loudest in front of a few hundred customers who have lost out and I'd love to see how they react.
Quote from justrading:
I try to be very conservative with margin.
That said, I do worry about a Black Swan event.
I'm actually more concerned about the outfit doing an MFG/PFG. I know about the SIPC coverage, but how that will work in reality with forex, options etc all being traded in the same account is something I have to wonder about.
Before MFG/PFG the futures industry used to boast about how wonderfully customer segregated funds worked, and nobody ever lost money as a result. Put the guys who blew that trumpet loudest in front of a few hundred customers who have lost out and I'd love to see how they react.
yeah diversifying by broker is good! in a short term trade.. on gld
+ BOT 1 GLD NOV 02 '12 + (1) 164 + (1) 169 - (2) 166 Call Combo 0.63 USD SMART 14:07:56 OptTrader 2.16 null