Lee---


I have traded options for years on Scottrade, however, am going to switch to Think or Swim. I have some questions. My option trading has been buying calls and puts so obviously I either win big or lose big. When you enter a vertical spread (to reduce risk) how does that operate?
For eg Lets say I have $1000 in the account

lets say I buy 1 in the money call and sell one out of the money:

in the money= $3
out of the money= $1

Question # 1: Is this a leg?
Question # 2: What is the commission on this? For straight buys and sells of contracts Scottrade is very high.
Question # 3: The net is $200. Is the leg executed together?

Lets assume in 2 weeks the stock goes up so the out of the money is now in the money. In the leg do I set two stops or does a leg execute automatically when the out of the money becomes in the money? Am I required to set two separate stops and each is executed separately or are two stops set and the leg execute all at once? Do you have to have margin (or cash in accout) in case the stock runs like crazy and you are at loss if there is no stop? I know this is alot but would appreciate your input. Thanks, Tubber

Thanks much.

3x--OT

Is there any site where you can get the implied volatility for a specific option? Thanx Tubber

Raw: TBT

What month and strike did you buy? Tubber.

Brinker



Curious to know if anyone knows whether Brinker is currently bullish or bearish?

Anybody know why Richard Russell did not post his comments on Friday?

Anybody know why Richard Russell did not post his comments on Friday?

1 pm eastern?

When does the market close?? TIA

VBDG--Researcher--Aren't they releasing earnings on Monday? Do you know how many shares they have outstanding including the recent dilution? Thanks, Tubber

How many shares outstanding now with the dilution? TIA

http://www.globeinvestor.com/servlet/story/GAM.20071101.RSAXON01/GIStory/

SSP:

Looks like TELK lost some of its MOMO. You still in?

Len:

The most important thing is to be happy. Market timing is merely a stab in the dark, a rough map because the market can do anything at anytime. We agree that it is always best to try to be as prudent as possible all the time.

Rogue:

Russell is bullish, he is advising purchasing DIA correct???????????????

Len:

I know you are stubborn--I am too. However, how can you be so pessimistic on the market? I subscribe to Richard Russell who up until this summer was advocating a bear market from 2001 until 2007 with cyclical bull markets. He switched his opinion!!!!!! The current 83 year old master of the Dow Theory says we are and have been in a bull market sinced 1982 with a cyclical 2000-2002 bear market. His thesis is that the third phase of the bull market has yet to occur and that it is fueled by the excessive liquidity (provided by the indiscriminate creation of fiat currency printing press by the Central Banks of the world) plus the fact that there is now a world economy caused by the fall of communism and the spread of capitalism (albeit in various stages of development). In addition, the third blow off specualtive phase typically involves a large influx of retail investors/speculators which is not presently participating in the current market. In addition, he believes the housing situation will not cause a out and out recession even though it will involve pain for the homeowners. What is your response to this?

?? Cramer calling for $700???

IVOT

Got a big move coming based on IVOI.

IVOT/parent= 53 million O/S
IVOI/subsidiary= 70+ million O/S

IVOT half the price?

Ditto

Whats up with IVOT?

IVOT

Whats with the bid/ask spread?

CC bounce play?

Wang: Still in PVNC?

THANKS bob3.

Thanks--I made out on my calls!!

Is the market open Monday?

Is the market open Monday?

CC a runnin

WANG--

Still in CC?

W@G2 QQQQ 10/03/07 for a 10/05/07 close


52.50 tubberclare

W@G1 QQQQ 10/01/07 for a 10/03/07 close

52.15 tubberclare
51.50 bob3
51.41 DrWorm
51.00 rayrohn
50.63 frenchee
50.53 Farooq

Thanks for your input.

Do you mean today and tommorrow or do you mean next month. Doesn't a pull back normally occurs after the window dressing?

Any theories on end of quarter mark-ups. Disclosure: Long Qs. TIA

Thanks

How much do they charge for commissions? Is it a flat fee? TIA

Do these guys also deal in options?

What happened to Irishbull?

Dr Worm:


It is the link you gave me in your reply to me (post #53191)on page 2 of 8:
http://www.sec.gov/rules/sro/cboe/2007/34-56276.pdf
Tubber