Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (32256)	5/10/2000 3:08:00 PM
From: KeepItSimple	Read Replies (3) \| Respond to of 42523

I got a call from a Schwab Platinum team broker about a month ago, because they had been reviewing my account and were "concerned" that I had such a high concentration of options in one stock- particularly a ASSLOAD of Intel puts. He gently suggested that he was certain we were still in a bull market and that such a position was unwise and that they might have to re-examine my options authorization status if I kept such a concentrated position. I asked if he was threatening to blow me out of my position. He simply repeated that if I kept such a concentrated position that my account would very likely be "re-evaluated". I told him if he blew out my options that I'd have him personally in court until he finally grew chest hair. Fast forward to the present and those puts are up nearly 500% in value. My only explanation is that someone at the schwab trading desk had sold that garbage to me naked and they were panicing. I've got a low 7 digit profit on those puts right now. Anyone ever have this kind of experience? What are the chances that that particular call was NOT recorded for quality assurance purposes? :)