If you trade mostly US instruments, you should specify USD as your base currency. Your commission should be same as for US traders, $0.75 per contract. So for the above scenario you should pay only $15 for the round-trip, a savings of $55. That could make all the difference for long-term profitability
Thanks yip1997 and neke, I got the fee for Canadian options mixed up with Canadian accounts and thought I would be paying $2.00 per contract, looks like it is only $0.75. My $88.00 profit would have been a $145.00 profit with IB.
For a couple of earnings plays, NILE and DRYS are scheduled to report after the close. Should be interesting. AZD
Very interesting action in NILE. Closed at 74.68. In extended hours, traded in the 60s, came back to the low 70s and then ran to almost 90. Now it is around 82. As NILE fluctuates and as IV fluctuates, there will be creative opportunities for those wishing to gamble tomorrow AM. Good luck to all. AZD
It upped its internal guidance for next quarter, and all the shorts who have piled in since it hit 100 are scampering to cover. Not a remarkable earnings or guidance, but that is the problem with this stock. I was burned heavily shorting this in Feb. 2006 after its earnings release with lacklustre figures (after hours) at 30.00. Forced to cover the following day (8 Feb 2006) at 33. The PE was as high then as it is now (>60). Interesting market. I am not attempting the same again on it.
Cisco is going to blow the top off earnings goldman states this has significant upside. I'm in the puppy at 31.50 X 3000 shares...... up 7,500 if history dicates will will run up tomorrow then pop gap thurs into friday.. This is a screaming BUY.. I would pick up calls in the AM...
SBUX at 24.95 Earnings November 15, 2007. Nov 25 calls are $0.60 , last day of trading November 16. I might buy 10 contracts, will post if I do. Starbucks are as busy as ever in my area and I see no reason for a 35% drop from its high. SBUX 1 year chart
Neke, I was thinking this was your kind of stock. Not attempting the "same?" Will you attempt anything tomorrow morning? AZD
Decided to buy 1 contract SBUX Nov 2007 22.5000 put @ $0.45 I like SBUX but the trend is down, might be late on this one and that's why I bought just 1 contract.