My Schwab Christmas 2011 wish list

Update:  Schwab has added weekly and quarterly option support to all of their trading platforms.  See here for more information. Schwab has provided a peek under the tree for the account holders they think have been good: Stocking stuffers (not available until January): A 35% discount for TurboTax.  In your Schwab account online look for “Tools and Calculators” under “Guidance”, then look for “File with …

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Get weekly updates on the Weeklys

The CBOE has announced a nice new email service for people wanted to know what weekly options are going to be offered each week.  While the list has been relatively stable the CBOE recently extended the list to 35 offerings and they usually make a few tweaks each week.   For example, they recently dropped USO in favor of NDX—something I’m not happy about. They …

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Saving money with combination orders

If you ever plan to trade more than straight long options you should learn to use combination orders, specifically debit and credit orders. . A combo order allows you to execute multiple trades simultaneously at a single integrated not-to-exceed price.  Some examples: Creating a simple covered call position, buying the underlying equity and selling-to-open calls Creating a call bear option spread, selling the lower strike …

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