Monday, May 24, 2010

Re: [TheOptionClub.com] RIG Trade

 

RVD...I believe "unwinds" refers to the closing out of a multi-
            leg trade (ie.  debit/credit spreads,butterflys,condors......
                                            Traderkip
 
You're never old, unless
you think you are; but it
IS later than you think!


kipwebster@yahoo.com


From: rvd <rvdidit@yahoo.com>
To: OptionClub@yahoogroups.com
Sent: Sun, May 23, 2010 9:48:26 PM
Subject: RE: [TheOptionClub.com] RIG Trade

 

what are unwinds?


--- On Sun, 5/23/10, Jack <jack@jackcpa. com> wrote:

From: Jack <jack@jackcpa. com>
Subject: RE: [TheOptionClub. com] RIG Trade
To: OptionClub@yahoogro ups.com
Date: Sunday, May 23, 2010, 4:59 PM



When TOS started it brokerage, they contacted the authorities and asked if they had to have levels for their customers and were told no, they did not.  You will never have to ask TOS for permission to place a trade.

 

In an IRA you can place any trade as long as it has a defined risk and you have the $$ to cover said risk.  What you cannot do is sell naked stock or calls.  After all, Berkshire went to over $150,000 per share. L

 

From: OptionClub@yahoogro ups.com [mailto:OptionClub@ yahoogroups. com] On Behalf Of chickbull
Sent: Sunday, May 23, 2010 9:59 AM
To: OptionClub@yahoogro ups.com
Subject: Re: [TheOptionClub. com] RIG Trade

 

 

These are what I can do in my IRA. I have no idea waht your idea requires. Of course I can research it.
"create a put condor, which would be basically a free trade, then wait till expiration with possibility to make more $$$."

Level Allows you to place
0 Covered Calls
Covered Puts
Buy-Writes
Unwinds
Covered Roll-outs
1 All of Level 0 plus:
Long Calls
Long Puts
Long Straddles
Long Combinations
Long Strangles
Cash Secured Equity Puts

--- In OptionClub@yahoogro ups.com, rvd <rvdidit@...> wrote:




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