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Calpine Corp. Message Board

  • melvin10512 melvin10512 Mar 21, 2002 9:49 AM Flag

    To Dr. J

    This is only the second time i have traded options on stocks,but I have been trading options on futures for almost 20 years.
    Here is the trade I am trying to do in the june bond options..yesterday I was trying to do it for 2 credit(each 1 by 5)
    Today I am willing to do it flat.
    Buy 5 of the june bond 94/95 put spreads.
    Sell 1 june 96 put.I have an order in to do
    50 by 10.It is alot of commissions but a great
    trade..it expires in about 2 months.The june option expires in May.I think there is avery good chance that you could hit a homerun on this trade and I don't see the bonds freefalling.
    I hope this makes sense to you.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I understand. I've audited a number of b/d's and having to review some of the traders' books exposes you to a number of different strategies. I agree about the probability of bonds freefalling being pretty low. How do they calc. the commissions on those trades?

      On a side note, are you happy with interactive brokers.com? I visited their website, it looks interesting. What's their minimum for a margin account to trade naked puts & calls on stocks? I'd send them a check to try them out.

      Doc

      • 3 Replies to dr_jellyfinger_md
      • I know there are day traders out there, but I find it hard they keep getting the perfect highs and lows each day to turn the big profits they talk about on this message board. I did try one day to day trade and it cost me 700$ (.70 X 1,000 shares,)for being out for 1 hour. Now I'm just sitting tight and enjoying the ride. Good luck!

      • Subj: Re: To Dr. J - Melvin
        By: dr_jellyfinger_md
        Date: 03/21/02 10:10 am

        I understand. I've audited a number of b/d's and having to review some of the traders' books exposes you to a number of different strategies. I agree about the probability of bonds freefalling being pretty low. How do they calc. the commissions on those trades?

        >>I pay $5.00 a side

        On a side note, are you happy with interactive brokers.com? I visited their website, it looks interesting. What's their minimum for a margin account to trade naked puts & calls on stocks? I'd send them a check to try them out.

        >>>>I think the minimum is only 2 or 3 k.My futures clearing house(Speer Leeds)wanted 25k
        just to sell 1 april 5 put on CPN.That is more margin than selling a naked at the money put on S&P futures!!!!

        Doc

      • this kind of showing today tells me this stock is going much higher, easy double, maybe triple.

 
CPN
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