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Posts Tagged ‘thinkorswim’

Thinkorswim to be acquired by TD

January 20th, 2009

It is simple. The great thinkorswim company which I loved it with their great support team is now going to be acquired by TD AMERITRADE.

TD AMERITRADE will acquire thinkorswim for approximately $606 million.

TD AMERITRADE will retain key members of thinkorswim management. Mr. Barba will have an active role in the transition, and thinkorswim founders Tom Sosnoff and Scott Sheridan will join TD AMERITRADE after the transaction closes.

The transaction is subject to approval by thinkorswim stockholders, regulatory approvals and customary closing conditions. TD AMERITRADE and thinkorswim expect the deal to close within the next six months.

So if you want to get into the stock market, be sure to do it fast and get into it before the acquisition since the terms and fees might be changed after the acquision.

News in TD site

Letter in PDF

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Posted in Money

Tags: acquisition ameritrade scott sheridan six months stock stock market stockholders stocks thinkorswim tom sosnoff transition

Call Option

December 8th, 2008

Options are the second level of trading when you get into the stock market. You can simple sell call options on your owned stocks (some brokers allow you to sell options without having the stocks in hand thought, that way the risk is so high that you don’t want to take the risk as a naive person). The selling of call option is like renting a home and hoping its value goes up (or in some case goes down and you make money on your rent.). I have found a bunch of tutuorials online, videos, texts and much much more but I liked the one below a lot. After seeing this one I put my first call option sell order and hope to cash some money.

The first one covers the basic of call option while the second one helps you to handle more sophisticated ways of dealing with options and getting to know it better.