Boiler Room: The Official Stock Market Discussion
Tha Sircus
Pro
Ridiculous
Tha Sircus
Pro
Sheet thats all I am holding after a horrible year trading futures.
Actually I forgot I have been holding OLBK for years. They pay dividends, and the swings are small.
To put it in perspective, I lost around 20k this year. shyt happens, but I killed it from 12-14 so
I shifted most of my mutual funds into short term bond accounts to keep the risk minimal. I think I lost around 5K but no big deal based on last couple of weeks. This went against many financial advisors (family/others) who said to stay put.
I may just sit and keep it there based on what I am seeing. The rollercoaster left the track and here we go.....what happens when the ride ends is the big question.
I may just sit and keep it there based on what I am seeing. The rollercoaster left the track and here we go.....what happens when the ride ends is the big question.
Domingo Halliburton
Handmade in USA
futures way down. so now a falling USD is bearish for stocks? guess we're getting some 'sell the news' action
someone really likes the November $4 calls on SIRI
someone really likes the November $4 calls on SIRI
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calixprynce
...
All 30 DOW components in red . Let's go!
88m3
Fast Money & Foreign Objects
ADevilYouKhow
Rhyme Reason
Sohh they didn't raise interest rates and the dollar fell along with the market...
Learned another hard lesson today...
Bought those MCP puts hoping they'd be bankrupt and at 0, but traded today around 9 cents. I thought, oh well, I'll trade out of my option contract. I've never held a position into expiration, so didn't know what to expect.
You would think my $0.50 put would be worth $0.41 because the stock traded at 9 cents. Not so fast, my friend. Those who sold the puts to people like me must have just said fukk it, let them exercise the positions. The best bid was $0.22 per contract, which would have lost me money.
I called Capital One and they said because I didn't physically have shares of MCP, they would just liquidate my options position at market value at $0.22 if I didn't close it out myself.
They weren't even offering the ability to buy shares of MCP because it's a bankrupt OTC stock and Sharebuilder sucks... but they did make an exception and let me buy the 1,000 shares I needed to cover my 50 cent put.
Of course though, I couldn't do that without paying a fukking surcharge for low priced security.
So much L on this position. I'm anticipating some more unanticipated charges.
Luckily only lost under $200.
Bought those MCP puts hoping they'd be bankrupt and at 0, but traded today around 9 cents. I thought, oh well, I'll trade out of my option contract. I've never held a position into expiration, so didn't know what to expect.
You would think my $0.50 put would be worth $0.41 because the stock traded at 9 cents. Not so fast, my friend. Those who sold the puts to people like me must have just said fukk it, let them exercise the positions. The best bid was $0.22 per contract, which would have lost me money.
I called Capital One and they said because I didn't physically have shares of MCP, they would just liquidate my options position at market value at $0.22 if I didn't close it out myself.
They weren't even offering the ability to buy shares of MCP because it's a bankrupt OTC stock and Sharebuilder sucks... but they did make an exception and let me buy the 1,000 shares I needed to cover my 50 cent put.
Of course though, I couldn't do that without paying a fukking surcharge for low priced security.
So much L on this position. I'm anticipating some more unanticipated charges.
Luckily only lost under $200.