I trade options on optionshouse and their systems were unable to place trades this morning. It was actually a very fortunate problem for me in this case because I was going to sell my calls (which are up 350% right now) first thing during open for only a 200% gain to cover the straddle I ran yesterday with a small profit. Now I'm sitting on green, and it's because I had the BALLS to run a long straddle yesterday with options that expire today.
Have a nice weekend fellas (PS, optionshouse is going to lose an enormous amount of customers next week)
fesishandsome: you can call in and manually place trades over the phone with an agent. thats how i just sold my calls...had to wait on hold for 8 agonizing minutes but luckily FSLR held firm in the upper 58s
I am thinking of pulling my account as well, but honestly..where else can you go to get commissions like this? 2.95 stock trades and 15 cents a contract on options...I've been with them for several years and this is the first time something like this has ever happened. I think I'll give them a break this one time.
Reminds me of my Waterhouse Securities days in the 90's when we had 200 people on hold and 1/2 hour hold times. System was down all the time so I'm thinking the little guy might be getting back in the market.