ammarmalhas

Try TD Ameritrade who are now being merged into Charles Schwab (https://www.schwab.com/), I have been with them for several years and they are good.

I have placed orders the night before several times (I live GMt+3, EST +7) with TD Ameritrade and others. Orders placed starting midnight EST will work for the day. So if you place orders after midnight EST (9:31pm PST your time) they should remain intact for the trading day. Moreover, you can always place GTC orders and give them expiry the day you want them expired; place them anytime today and set the expiry to tomorrow. If you place orders after hours you will have a one day working order for the next day, if you place them before market closes you will have an order expanding the remainder of today and tomorrow. I hope this helps. As for "safety" of placing orders while markets are closed, well it really depends on what you feel the option will trade for on open while you are asleep. I have often placed buy orders at lower than market anticipating some downward move in the stock and I got filled, and i have done some sell orders at higher than market! The more volatile the stock is the less advisable you place such orders "in the dark". Good luck with your trading.

Interesting subject. I am following u to learn of these strategies and how to apply them in real life. Pls post details of what u will learn and do. Thanks and good luck.

So your dark hair gave you away? You are one of us Middle Eastern "somethings" who know nothing about the USA, as opposed to all other World regions who are VERY FAMILIAR with the US workings!? Obviously this guy is very mad at you for some reason! Work it out with him, nothing is worth bad vibes, definitely not on your good site and well appreciated service. Good luck.

I think I wasted enough of you guys' time. Good night from Shanghai (1:30am).

I have to agree, somewhat, with the fact that great names have faded and will continue to do so, EVOLUTION and SURVIVAL OF THE FITTEST. Nokia, Motorola, Siemens, Walkman, Blackberry, i-Mate, PC Phone (?) ..etc, all faded because another was more innovative and as far as I can see, and I could be short sited, Apple is by far much more innovative than the rest combined! Another important point to think of, is in the good old days, pre-iPod age, of a walkman most of the world was busy looking for a radio to listen to a piece of music or some news. The market has changed drastically and the US is no longer the dominant user. Please keep in mind there are 1300 million Chinese, 1300 million Indians and another billion or so in South East Asia and they seem to be loving Apple so far! If %10 of these people end up owning an Apple gadget, that would be like each and every man, woman and child in the US owning an Apple gadget, or don't they already?

I fully agree with you. But Apple is about more than iPhones. As you noted, the iPads are great and have no real competition so far. The MACs are just superb machines and who knows what next they will cook up! They have managed to make owning an Apple product a "status" thing, and in this naive and lost world of ours, millions are seeking recognition in owning gadgets they most probably never really need! Good luck to us all and may Apple hit $1000 and we all smile. Bless you all.

Well, I will not be happy if it does drop to $400 let alone $150. I hold $400 leaps Jan 2015. By the same arguments is this not true for Nokia, Samsung, and the rest? There is still something "nicer" about an iPhone than any other I have tried, and I can say I have tried and owned all the top ones, I am not boasting! Why do you all love to hate Apple? Why do you all chose to be so pessimistic? Better yet, why don't you short the stock or buy some puts and when Apple hits $150, you can really make a bundle. I am not advocating buying or selling the stock and I do not much care if anyone does or doesn't, i am responding to an article wrote by a "genius" who obviously rides the waves and follows the trend, and the trend now is to hate Apple! By all means, HATE it as much as you LIKE.

The iPhone 5 is around $700. How many can afford one? I really cannot tell EXCEPT the number of iPhones that are in use is ridiculous! It really looks like every Chinese (of course in Shanghai and Beijing and big cities) has an iPhone. Mind you the SS G III is almost $600 and an SII is $450 (same as an iPhone 4/4s) and the Nokia 920 is $800, so the question is also valid on how many people in China can afford an SIII or a Nokia 920 or ...etc! I'll be really happy if AAPL hits $800 and joyous if it hits $900. At $1000, well ...

I have been on a business trip to China (Shanghai and surroundings) and for the past four days I have only seen iPhones 4/4s/5. I have seen crowds cramming in Apple stores all over. Sure some people still carry an old Nokia but NO ONE I saw carries a Samsung Galaxy SII or III (except for my son and I)! Hmmm CHINA vs. Me and my son? I'll take Apple at such odds ANY DAY. Seems every Chinese carries an iPhone or must have one, and that is what I call proper MARKETING. C you all when AAPL hits a $1000 :-)

I remember reading similar "analysis' on BAC, on C and on FB! Look where they are now! After the infamous 2008-2009 crash and my analysts' and financial advisers' drastic failure in realizing what the heck was going on and finding out that people's sentiments stand much more influential than technicals and fundamentals, one is left a little confused at how valuable these 'analytical" articles are! For someone so sure of AAPL going down (crashing down) to $50, I believe he should be shorting it BIG time and becoming a BILLIONAIRE instead of writing about it and scaring people off! The important point he missed is the China market and the 1.3 billion people who want to own an iPhone and the "status" of owning one! AAPL is moving in there at steady pace, if i am not mistaken! No one should under-estimate that market, it is equal to the rest of the world put together! I personally own an iPhone 4S and a Galaxy SII, the iPhone is ten folds more superior in its make, its touch, its handling and ease of use. I still want tens of modifications to it but it is by far a more superior and much better built phone (smart or dumb). Just my thoughts, whatever they may be worth! :-)

Very interesting. it seems to me that everything around us and all we are, are mathematical formulas of a higher order. A fifth of something cause 4/5th of the effects. The 5th (%20) number is part of the Devine Proportion! Hmmmm!

First time I hear of this rule, but I really agree with it. Damn it is so right. Maybe I had a feeling this was the case when I decided to make a yearly subscription at SO :D

cwerdna, you are an "options amateur"? Hehehe, I wish I were an amateur like you!

Guys, Reading along your comments i thought of selling 1/2 the shares I own in GE and buying an equal number of contracts (shares/100) of calls DIM and with delta close >0.9 with ample time. I am considering 2014 Call LEAPS strike $15. This will give me about $15 per share in cash which I would like to "park" for a while and wait a drop in the market to reinvest it, in GE. This strategy will allow me to benefit from price hikes, and suffer the same from price drops. As long as GE does not fall seriously close to $15 and we are not any time near Jan 2014, I think it a good play to carry out in preps for market drop, if it happens soon. Am I correct here or am I confused and missing something?

I second what Richard is saying. Kim is doing a wonderful job and is showing unprecedented professionalism, genuine care and real responsibility that is seldom found in trading services and financial advisers. There are no miracles in trading and loss is just as probable as gain, we all try to gain more often than we lose and that is when we win. I am still learning and believe you me, what I have learned so far is far more valuable than the fees i have paid you Keep it up Kim, I am with you all the way. More power to you. :)

cwerdna, looking at $DJI, SPX, RUT and NDX (in TOS) and using your 200 day SMA and the 30 & 50 SMAs, it appears that all indices (the market as a whole) are on an upwards roll with no indications of any turning down soon. Now, if I have read these charts correctly, everyone is saying that a correction is overdue and that the charts and technical indicators show that the markets are overbought and a downward movement is expected. Who should I believe? This is confusing. What are others looking at to say that a correction is over due? Another question, please, does the 200/30/50 SMA analysis work for individual stocks? I mean can I chart say C and analyze it as you did SPX? Thank you.

cwerdna, Thank u for the detailed and informative post, I appreciate it. listolyman, can you elaborate more on "setting trailing stops"? Why and how?

I closed at 1.2 with 0.3 loss.

Your prices for the roll and the calendar?

Chris, What is "double calendar"? Did you open Sep 22nd calendar at 162? You rolled to Aug 31st (Aug4) right?

I don't think this 158 is working. Should we just close and take the loss or roll for a mere 0.2-0.3?

The next week options r out. We can roll the 158 for around 0.3-0.4 , should we?

Yes I have read all about the EB5 program but in the end it is investing $500k in an non-guaranteed investment that needs to show the creation of 10 permanent jobs in two years. There can be no security or guarantee that the money will be refunded nor the jobs created. The US government does not guarantee anything and one can lose all or some of the invested sums. If the project fails and/or does not to prove the creation of 10 jobs (per investor) then the temporary residency (Green Card) will be revoked and the investor will have suffered tremendous losses. To me this is a too risky, especially since the housing and development market in the US is still showing weakness and uncertainty.

Yes but the expiry of the short side is day after tomorrow (Friday), do we let it get filled (which I do not like at all) or do we roll to next week's weekly call options or close the whole trade by Thursday? Do you have a price target for the Calendar by Friday? Do you see it close to $2?