QUOTE(danmooncake @ Nov 16 2011, 11:42 PM)
KP,
I trade both common stocks and options. Feel free to post your questions on options.
As for money transfer, the fastest way is via Wire transfer (using SWIFT code) to your US brokerage bank account.
But, if you are not in hurry, cheapest way is mail a bank draft or cheque (in USD) to your US broker via regular post.
Takes 10-12 days to get there, take another 7-10 days to clear. Use cheque from Bank of America, Citibank, HSBC, for faster clearance.
OK, I found the guideline to TT money into OptionsXpress :
1) Maybank (refer to my previous post)
- Enter "0" into the "ID/Passport" since the company registration number isn't provided
- Fill up "Fed Wire" with "ABA #". For OptionsXpress, it is "021000021"
- There is NO way to send a note together with this TT.
- Save TT receipt and send it to OptionsXpress email to notify them. Wait for their acknowledgement.
But it is 2009 post, may I know is it still valid ?
Added on November 17, 2011, 1:41 pmQUOTE(danmooncake @ Nov 17 2011, 10:22 AM)
I play weeklies if I want to day trade. Monthly if I want to position trade.
Leaps if I am bullish on the stock much longer term (eg. AAPL).
For weeklies, I usually sell 'em.
This week, I sold LVS calls and puts which expire this Friday. It is working because it is melting away..

Great strategies!
Btw, do you afraid that your sold options get exercise ? I heard that by putting a close order to your sold options may avoid it being exercise. It is because the broker will perfer to earn comission fees rather than exercise your options. Not sure is this is true.
Added on November 17, 2011, 2:08 pmQUOTE(danmooncake @ Nov 3 2011, 07:08 PM)
But, if the market stays still.. I will lose 'coz my option will burn.

Do you trade straddle as well ?
I tried many straddle during my virtual trade, and most of them lost money. Some earn but not much.
I notice trade straddle must make sure the stock price move, and with low Implied volatility.
May I know when you trade straddle ? at support or resistant or middle ?
This post has been edited by kevinpang: Nov 17 2011, 02:08 PM