Options Trading Tutorial - Has Wall Street ever closed option trading on you? This happened to me see details.?

Has Wall Street ever closed option trading on you? This happened to me see details.?

I had some very good (hint, hint) information for a put option on a fourtune 100 company. at .38 per share with with a 14 day window to exercise on a $60/share stock with a $1.00 line. I'm not a trading wizard so excuse me if my lingo is a little off. I immeadiately went to certify with which was once Water House Securities to qualify for this type of trading. I kept a low profile and invested with caution. I bought 50 contracts and made a killing (you do the math) because the stock opened at $12 under. I again (2) quaters later tried to do the same thing thing. However, I found out that I owned 75% of the put options on this stock word wide I was scared that the S.E.C. would investigate. Once again the stock opened at $11.00/share under, instead of investagating they closed Option Trading until the stock stablized. I still made $3.38/share at closing and took the money and ran, but to this day I still bothers me that they could do something like that. Is this leagal on their part? Ryan S. Welcome to the real world. I have hope's for you son. (Remember this statement as long as you live.) In 20 years you're going too view everything you know about the real world in a different perspective.

Public Comments

Trading based on "some very good (hint, hint) information" that the rest of the world does not have is illegal on your part.
nope never happened to me. are you really asking "is it legal for them to disrupt an illegal activity?"??? uhhhh yeah......i would hope so.
Ever seen the movie 'Wall Street'? Do you know what a no armed investor is? An investor with his hands cuffed behind his back.
"Is this legal on their part?" Are you for real? The question is was it legal on YOUR part?! Don't give me your 'welcome to the real world' BS, you broke the law--apparently well aware that you were breaking it--and it bothers you that they caught on to your game and shut you down? It's funny, I suppose, in a sad sort of way... Yes, what they did was legal. It was legal and it was proper. You should just feel lucky you got away with it as much as you did, and leave it at that! But you're just making this stuff up anyway, aren't you?