WARNING ABOUT THE NEW JAN 2011 LEAP CALLS

For some reason the specialist are trying to rip off investors.

the spread between the bid and ask of the Ibm jan 2011 leap calls is almost 3 bucks.

that is a ripoff

the spread should be no more than a dollar

I have looked at the prices and just followed my own experience

the vibah option for ibm was bidding 380 and asking 660

I placed my buy order at 440

thats 60 cents above the ask

if it executes

I can make money
If it does not

then they dont make a sale

as I will never pay more than 80 cents above the bid price to buy an option

its a waste of time and money

the oex and how I play it

At All experts I was asked how I woul play this oct 08 market using an index option

here is my answer


In my opinion the oex and other index options are like playing poker.

so lets answer the question based on texas holdem poker

you have 3 of a kind and there is a possible straight on the board

the pot is 100

is it worth 8 bucks or 16 bucks to see if you can bully the person playing for the straight

out of the hand

now for the market

I recently bought oex options

I made a value bet

I bought three 600 buck jan oex

and I am planning to be out in nov no matter what

I spent 300 a contract on 3 contracts

they are already worth 400

the dow at 10,000 will have the oex at around 520 best case

oex is at approx 477 on 10/14

now the 580 oex jan option the oebap,is selling for 500

so a 20 buck move in the oex is gonna give me 100 more in profit

based on 5 -10 oex points per 100 dow points

I see 9900 on the dow as being 497-505 on the oex

that will be my out point, most likely

the jan oex call is oebap for the 580 strike

and oeyat for the jan 600

I suggest you base your buy on 20% max of your earned profit no more

I only spent 10% as ITS A GAMBLE

look at the oex jan 540-580 as each bid ask

will tell you what you can make

IE

the 540 is say 1000 bid and the 560 asks 850

so if you get a 20 buck move in the oex or 400 dow points min

your 850 buy becomes a 1k sell or 150 per contract profit

ie 18%

THIS IS HOW I VALUE THE OEX

Its your choice how you play

good luck

GlobalTestMarket SURVEY SCAM

This is my experience with global test mareting.

I feel they are a scam due to the fact that they do not follow up their surveys.

You are supposed to be paid 5 points if you dont qualify for a survey.

this only happens half the time.

you can get completely through a survey and be doing the final questions about age race and income

and the survey will switch to the do not qualify page

and you get only 5 points if that

as global may credit you for the 50 points you were owed. and then a week later they will pull the points.

this is exactly what happened to me on 5 oct 08 and why I refuse to deal with them anymore


We’ve got a new chance for you to earn 50 Market Points!! Please check out our new survey as soon as you can!!
Wednesday, October 1, 2008 8:24 PM


charles weber Account #: 9967819 MarketPoints Balance: 1090

Dear Mr. charles weber,

We are currently conducting a new and entertaining study of which your participation is requested. This survey will only be open until this Wednesday as possible for a chance to earn 50 Market Points!!!
Survey Details
Study Number:
MarketPoints for this study: 121102
5 - 50

Or copy the following into your browser to go directly to the survey:
http://globaltestmarket.com/common/api/launch.phtml?id=E/121102/7DC59767A66272A9/2224

If you wish to view all studies for which you are currently eligible, please login to your account, and go to the 'Survey Activity' section under 'My Profiles.' Forgot your password?



Flag this message
A new survey from GlobalTestMarket
Sunday, October 5, 2008 3:38 PM
From:
"frontdesk@globaltestmarket.com"
View contact details
To:
tbaarr@yahoo.com

charles weber » Account #9967819 » MarketPoints: 1040

GlobalTestMarket is looking for your opinion.

A new survey is available
Survey Number: 121214
MarketPoints for survey: 5 -50
Start Survey »

You can also access the survey by copying the following URL into your browser:
http://globaltestmarket.com/survey/s.phtml?E/121214/0a88366d43569fd33732c203a8847bb7

Best regards,
GlobalTestMarket


these people will rip you off for points whenever they can

if you deal with them be ready to file BBB complaints


A FINAL NOTE

IT WAS ONLY AFTER I WROTE THIS POST AND FILED ANOTHER BBB COMPLAINT

DID SARAH CANNING agree to pay me the 1090 points I am owed ON 10/7/08

for what its worth

1 point is only worth 5 cents

DON'T ever believe that you will make 300 an hour for doing surveys