RumblingRosco
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
I might start participating in this thread actively, as trading is my number two hobby after gaming.
My major transaction last week was buying some calls on Ford, 2010 with a strike of 10 for 58 cents. Chances are I will lose that money, but there is a small chance for a large payout. I will take that any day.
Question: Anyone know in general what the online brokers require you to have to trade uncovered options? I thought I was guaranteed to be approved, but they denied me. If I have to hold in cash the amount to cover a sold put, I might as well just buy the underlying stock.
My major transaction last week was buying some calls on Ford, 2010 with a strike of 10 for 58 cents. Chances are I will lose that money, but there is a small chance for a large payout. I will take that any day.
Question: Anyone know in general what the online brokers require you to have to trade uncovered options? I thought I was guaranteed to be approved, but they denied me. If I have to hold in cash the amount to cover a sold put, I might as well just buy the underlying stock.
Ether_Snake
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Nikkei up too.
RumblingRosco
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Ether_Snake
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Hmm, it's an American car manufacturer. That's my reason:lol
RumblingRosco
Member
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Soka said:
Buy some calls like I did. Take the loss upfront, and have a potentially large gain later on. I think the market is overly pessimistic.
Edit. There is a definite chance for failure, they have already put up as collateral all their physical assets to obtain financing.
Ether_Snake
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It's not just Ford itself that makes me wary, I agree the price is very low and tempting, but it's the world economy. We're in difficult times, so markets have been brought down, and unless you have a lot of money other than your safety cushion it becomes extremely risky to invest, no matter how tempting. And yeah, it is VERY tempting right now to invest in big companies that have fallen a lot recently. I've got my finger on the trigger, but if I shoot I'm eating in my safety cushion, and the worst the economy gets the bigger that cushion needs to be.
I've been hit by NVDA, hard. I'm not sure I can handle more investments until I have more money in my pockets. Too bad this opening in the markets is happening at a time where I lack funds, just like in March
I'm really interested in investing in STP, ERTS, BA, and PTR (Petro China). I could only buy one or two of those, because of transaction fees.
EDIT: More Banks will fail over the next year: http://www.nytimes.com/2008/07/14/business/14bank.html
I've been hit by NVDA, hard. I'm not sure I can handle more investments until I have more money in my pockets. Too bad this opening in the markets is happening at a time where I lack funds, just like in March
I'm really interested in investing in STP, ERTS, BA, and PTR (Petro China). I could only buy one or two of those, because of transaction fees.
EDIT: More Banks will fail over the next year: http://www.nytimes.com/2008/07/14/business/14bank.html
HOT! AAPL way up in premarket thanks to iphone. Hoping that translates over to T!
Looks like all good news today. Fannie and Freddie are soaring. Hopefully can change up some positions today. Interested in MMM and GOOG options now. Considering a big out-of-the-money straddle play with GOOG earnings coming up this Thursday.
Looks like all good news today. Fannie and Freddie are soaring. Hopefully can change up some positions today. Interested in MMM and GOOG options now. Considering a big out-of-the-money straddle play with GOOG earnings coming up this Thursday.
Ether_Snake
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Bought 35 x STP @ 34.50 (US) and 100 x CGT at 10.10 (CAD).
Ether_Snake
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Yep, tought times. But I haven't sold anything, even NVDA.
RumblingRosco
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Ether_Snake
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sonarrat: How much do you expect to make? Don't you get your profits eaten by the transaction fees at that price?
BTW ATVID boosted their forecasts, up nicely in AH
EDIT: Trading halted in AH
NVDA, IMMR, CGT, all down today. Ugly ugly ugly.
BTW ATVID boosted their forecasts, up nicely in AH
EDIT: Trading halted in AH
NVDA, IMMR, CGT, all down today. Ugly ugly ugly.
Ether_Snake
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ATVID up almost 5%
And CGT just announced a bunch of new contracts! Woot, added just in time yesterday
# CAE signs C$78 million contract extension with Commonwealth of AustraliaMarketwire(Tue 7:39am)
# CAE wins contracts for four full-flight simulators valued at more than C$50 millionMarketwire(Tue 7:32am)
# InPlay: CAE announces more than CDN$128 mln in contracts at FarnboroughBriefing.com(Tue 7:31am)
And CGT just announced a bunch of new contracts! Woot, added just in time yesterday
# CAE signs C$78 million contract extension with Commonwealth of AustraliaMarketwire(Tue 7:39am)
# CAE wins contracts for four full-flight simulators valued at more than C$50 millionMarketwire(Tue 7:32am)
# InPlay: CAE announces more than CDN$128 mln in contracts at FarnboroughBriefing.com(Tue 7:31am)
thegreyfox
Member
Wow that was a big turn around in the market.
looks like the shorts just left the building.
WSJ reports the U.S. Securities and Exchange Commission (SEC) has sent subpoenas to more than 50 hedge-fund advisers as it investigates whether individuals spread false rumours to manipulate shares in two Wall Street firms. The subpoenas, sent as recently as Monday, are seeking trading and communications data related to short-selling and options trading in Bear Stearns Cos or Lehman Brothers Holdings Inc (LEH), the person told the paper. Rumours have been blamed for the collapse of investment bank Bear Stearns and for the 40 percent slide in Lehman shares this month.
looks like the shorts just left the building.
WSJ reports the U.S. Securities and Exchange Commission (SEC) has sent subpoenas to more than 50 hedge-fund advisers as it investigates whether individuals spread false rumours to manipulate shares in two Wall Street firms. The subpoenas, sent as recently as Monday, are seeking trading and communications data related to short-selling and options trading in Bear Stearns Cos or Lehman Brothers Holdings Inc (LEH), the person told the paper. Rumours have been blamed for the collapse of investment bank Bear Stearns and for the 40 percent slide in Lehman shares this month.
Ether_Snake
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CRDN +4.39% (I don't own it but have been staring at it for a while)
ATVID +6.74%
IMMR +5.33%
ATVID +6.74%
IMMR +5.33%
bggrthnjsus
Member
ohhhh man my portfolio has lost about $30k in value over the last month. awesome.
crussher said:
Yes, most brokerages allow trading after close until about 8PM, and trading an hour or two before open as well. My brokerage at least (Scottrade) does not charge extra for it. But there are risks associated with trading in that time frame. See the SEC's page on it -
http://www.sec.gov/investor/pubs/afterhours.htm
Yeah, really great day so far. Bought my GOOG calls at $3.20. Already up to $4.10! Holding for now, might kick myself later...
GE ask is creeping up penny by penny. Blah. Needs to creep up by about FIFTY pennies for me :lol MON, T, and UNH still negative for today. What the hell?
GE ask is creeping up penny by penny. Blah. Needs to creep up by about FIFTY pennies for me :lol MON, T, and UNH still negative for today. What the hell?
Ether_Snake
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STP +6.57%
CGT 10.64 +4.19%
CGT 10.64 +4.19%
Too bad I didn't manage to have enough funds to buy ERTS this week, sadly. Might sell something eventually to buy some.
CGT 10.64 +4.19%
CGT 10.64 +4.19%
Too bad I didn't manage to have enough funds to buy ERTS this week, sadly. Might sell something eventually to buy some.
Ether_Snake
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I would think that there would be a lot of selling tomorrow. There must have been a lot of buying at around the 10,900s (saw some resistance during those days), probably in the hopes of making up for losses. So unless oil drops further tomorrow, I would expect some strong selling as people run with their money, or lessened losses.
Just a guess tho.
I want ERTS
Just a guess tho.
I want ERTS
Ether_Snake said:I would think that there would be a lot of selling tomorrow. There must have been a lot of buying at around the 10,900s (saw some resistance during those days), probably in the hopes of making up for losses. So unless oil drops further tomorrow, I would expect some strong selling as people run with their money, or lessened losses.
Just a guess tho.
I want ERTS
Options expire this Friday. With all the negative sentiment of the past weeks, I think a lot of people will be unloading unprofitable puts and that will send the stock market soaring.
CharlieDigital
Banned
sonarrat said:
Please please please please please...
please!
sonarrat said:
I think you're confusing selling puts with short covering.
Anyways, tomorrow and Friday really depend on three things: oil, Merril Lynch (tomorrow), and Citigroup (Friday). Wells was a good sign. MER is up after ours after it announced its Bloomberg sale. We'll see. Could be another little fake out, although the market has been oversold for a week or so (according to the RSI).
sonarrat said:
What I'm saying is that unloading out of the money puts won't create any buying pressure in itself. These puts are just sold out in the market.
The basic trade all year long is short financials and long oil. The last couple of days has seen a complete reversal of this trade. Hedge Funds that have been short financials (I can't think of one I know that isn't short either the regionals or ibanks) may look to cover their shorts and pare back their oil exposure (this has clearly already happened to a degree). We could see massive buying pressure from this short squeeze. Look at Wells. You're fucked today if you're short. You'll be forced to either put up margin or exit the trade. Now imagine a thousand hedge funds doing the same thing at the same time.
Ether_Snake
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For some reason, after E3, I feel like EA will drop its offer for T2. Even after the loan they took, I get the feeling they realize it's just not worth it. That's how I see it. They are better off continuing to work with third parties like Valve and Id Software. T2 is not worth it, the quality of their portfolio is unpredictable, and I think that the industry is getting competitive enough for GTA to no longer be the series above all series.