Well deeper in the thread it was stated the guy needed to do something with IB where you tell it to not exercise and simply let it go. He didnt do that therefor IB exercised and bought the stock (lol that is where I dont know how IB did that because the guy had a small account and he would have had to pay alot of $$$ to buy it). Anyways I think the guy had to pay out of another acct or something.
Forumites, While we discuss options play on this thread, let's share our past and present trading experience(s) here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=58867. Good job @Iceman1
UTSI keep an eye on this -- don't know if a trading opp. will present itself- I used to trade it years ago. stock halted
thanks-- but I'm pissed multi_ bailed out of BBY - and failed to sell enough 47.50c premium when it ws juicy- why can't we be perfect?
It did just that. It headed up on 15th higher (albeit a little higher than I thought it would go) than 14ths high and then headed back down and closed low. Shorting would have been the best play today however, money could have been made both ways.
Thanks for the offer, I will think about it and get back to you. Thats in US Dollars I assume, or is it in Italian Lira?
A couple of interesting threads to watch: Nasdaq cycles Swing Trade Play 11/11/05 These guys do amazing things.