It's $9.45 x 100 (shares/contract) = $945 per contract. You need 100 contracts to cover your 10,000 shorts. (A total of $94,500)
overland, Drop me a PM with your email address, and I'll try to help. I can recommend a few good books and try to help construct a conversion...
I suppose, but you might want to take a look at the Probability of Ruin formulas. The more you demand from your money, the more likely you are to...
OptionTrader: I'm not being critical, just curious. Why keep the name of your broker secret? Surely they wouldn't mind the advertising, and...
IB is now $.75/contract with a $1 min per trade. IB has no fee for executing an option. I vastly prefer Tradestation's platform, but they...
In my experience, if I submit a non marketable order, it appears on BOX, PHLX, or CBOE. I've never had a price appear on Tradestation that I could...
Nope. Think about it--"unlimited" risk (as the stock can go to 0), limited gain (the most you can collect is your premium for the sold call....
A covered call is exactly the same as a naked put (except with higher margin requirements). If you're comfortable selling covered calls, you...
I wasn't aware TMBR did market making for options? Are you sure they do?
Don't forget InteractiveBrokers. $.75 per contract ($1/trade minimum). They will also let you do combo trades natively. I'd been using...
I think you (like most people looking at options) have been turned off by the "earn 300% overnight!" hype. It's simply not true. Sure, I've had...
Separate names with a comma.