I bought 2 Aug $145 puts on AAPL earlier today at $2.82, for a gameble, representing my maximum loss position on my trades, roughly $500-$600. I was prepared to lose it all, but who knows, they may be in the money tomorrow! any idea what those options would open at tomorrow Wall? say if AAPL opened at $148 where it is now? I could have gotten them later in the day for $2.20 or so as well, but i won't be complaining about that.
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I bought 2 Aug $145 puts on AAPL earlier today at $2.82, for a gameble, representing my maximum loss position on my trades, roughly $500-$600. I was prepared to lose it all, but who knows, they may be in the money tomorrow! any idea what those options would open at tomorrow Wall? say if AAPL opened at $148 where it is now? I could have gotten them later in the day for $2.20 or so as well, but i won't be complaining about that.
I'm more than likely going to sell them on the open, unless the market is looking terrible as a whole.
But i decided to buy the puts because of the mantra that News follows the already established Trend of the stock. AAPL has been in a down trend since May 14th.
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I'm more than likely going to sell them on the open, unless the market is looking terrible as a whole.
But i decided to buy the puts because of the mantra that News follows the already established Trend of the stock. AAPL has been in a down trend since May 14th.
I filled my aaple strangle at 15.00 about 8 minutes before the close. I got the 170 call at 7.42 and the 165 put at 8.58. Should be decent....with the time premium too. Will probably sell the put right away tomorrow if can 19.00 or so. not sure if worth selling the call, may wait it out to see if can get lucky on that side. hopefully take a 300-500 profit right away and not get greedy.
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I filled my aaple strangle at 15.00 about 8 minutes before the close. I got the 170 call at 7.42 and the 165 put at 8.58. Should be decent....with the time premium too. Will probably sell the put right away tomorrow if can 19.00 or so. not sure if worth selling the call, may wait it out to see if can get lucky on that side. hopefully take a 300-500 profit right away and not get greedy.
Grinder, if those calls were going for next to nothing I might let them roll..Ive seen the low end of a strangle come back, looking over my last years trades when I did taxes.
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Nice job fellas.
Grinder, if those calls were going for next to nothing I might let them roll..Ive seen the low end of a strangle come back, looking over my last years trades when I did taxes.
Grinder, if those calls were going for next to nothing I might let them roll..Ive seen the low end of a strangle come back, looking over my last years trades when I did taxes.
yeah, thats what i'm leaning towards.... big moves on ISRG on earnings day. Might do something tomorrow....any thoughts?
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Quote Originally Posted by wallstreetcappers:
Nice job fellas.
Grinder, if those calls were going for next to nothing I might let them roll..Ive seen the low end of a strangle come back, looking over my last years trades when I did taxes.
yeah, thats what i'm leaning towards.... big moves on ISRG on earnings day. Might do something tomorrow....any thoughts?
With so far from expiry, these strangles/straddles on higher priced stocks just dont pay. If I were playing a side I would go with puts, but I would probably sit pat and not touch it.
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Grinder,
With so far from expiry, these strangles/straddles on higher priced stocks just dont pay. If I were playing a side I would go with puts, but I would probably sit pat and not touch it.
With so far from expiry, these strangles/straddles on higher priced stocks just dont pay. If I were playing a side I would go with puts, but I would probably sit pat and not touch it.
yeah, was running different scenarios and all seemed like high risk low reward. here are some other companies reporting.....a few stand out.
22nd
ILMN, VMW, YHOO
23rd
CMG, BIDU, FFIV, IRBT, WFR, NTRI, NTGR
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Quote Originally Posted by wallstreetcappers:
Grinder,
With so far from expiry, these strangles/straddles on higher priced stocks just dont pay. If I were playing a side I would go with puts, but I would probably sit pat and not touch it.
yeah, was running different scenarios and all seemed like high risk low reward. here are some other companies reporting.....a few stand out.
Well CMG has come down a ton, I would go long side on them even though I think fair value is 20 pts from here longer term.
YHOO has no reward to me, I cannot see them moving 10% come earnings
BIDU options will be priced high and I think they keep floating it for a while, meaning it wont get killed YET, but I really think longer term this is a sub 100 stock..maybe 50 bucks eventually.
NTRI I would love a retest of the lows and pick it up for a longer term hold.
Most all the names have been zapped so far that that a straddle seems pointless. The only one with juice on the downside MIGHT be FFIV, but I dont see value in many here. The stocks with downside potential are the solars, ferts, coal and steel stocks, ones still flying and probably likely to fly more but WILL pop at some point.
I wish BIDU options werent so expensive.
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Well CMG has come down a ton, I would go long side on them even though I think fair value is 20 pts from here longer term.
YHOO has no reward to me, I cannot see them moving 10% come earnings
BIDU options will be priced high and I think they keep floating it for a while, meaning it wont get killed YET, but I really think longer term this is a sub 100 stock..maybe 50 bucks eventually.
NTRI I would love a retest of the lows and pick it up for a longer term hold.
Most all the names have been zapped so far that that a straddle seems pointless. The only one with juice on the downside MIGHT be FFIV, but I dont see value in many here. The stocks with downside potential are the solars, ferts, coal and steel stocks, ones still flying and probably likely to fly more but WILL pop at some point.
Yep, music to my ears. Sucker's rally.....nothing but short covering.
CANNOT WAIT until first thing Monday morning when I will get short C--------nothing but garbage.
Then, will cover at 10-12...............
Well, did what I said. Opened a 1000 share short position on C at 19.40 (Mon Jul 21's open).
Not a believer for one second in the latest financial hoopla cause to me, not a damn thing has changed fundamentally, and nothing good is going to fundamentally happen any time soon. I do not see any "value," either, in the financials. The latest hype is short covering. Smart money is selling it, and I don't even think the dumb money is buying. It's all short covering.
The only thing that works in favor for the disamal US financials is the weak dollar, and that only applies for takeover purposes. The takeover rumors could keep these horrible ticker symbols afloat by goosing the shorts.
Anyway, will look to cover this thing 10-12ish.
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Quote Originally Posted by claycourtlesson:
Yep, music to my ears. Sucker's rally.....nothing but short covering.
CANNOT WAIT until first thing Monday morning when I will get short C--------nothing but garbage.
Then, will cover at 10-12...............
Well, did what I said. Opened a 1000 share short position on C at 19.40 (Mon Jul 21's open).
Not a believer for one second in the latest financial hoopla cause to me, not a damn thing has changed fundamentally, and nothing good is going to fundamentally happen any time soon. I do not see any "value," either, in the financials. The latest hype is short covering. Smart money is selling it, and I don't even think the dumb money is buying. It's all short covering.
The only thing that works in favor for the disamal US financials is the weak dollar, and that only applies for takeover purposes. The takeover rumors could keep these horrible ticker symbols afloat by goosing the shorts.
Watching Paulson and listening to the lies falling from his face.
Another hideous open for the US stock market. We'll see who tries to lie it up and force shorts to cover.
Nothing has fundamentally changed to make last week's sucker's rally anything but............a classic bear trap sucker's rally in a dismal economy that is NOT getting better, but getting worse, much worse.
Am "comfortable" with my Citibank (C) short, cause there is nothing that fundamentally changed to make it go from 14ish to 20ish in 5 trading days, and I don't think it was undervalued at 14..........it was OVERVALUED.
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Watching Paulson and listening to the lies falling from his face.
Another hideous open for the US stock market. We'll see who tries to lie it up and force shorts to cover.
Nothing has fundamentally changed to make last week's sucker's rally anything but............a classic bear trap sucker's rally in a dismal economy that is NOT getting better, but getting worse, much worse.
Am "comfortable" with my Citibank (C) short, cause there is nothing that fundamentally changed to make it go from 14ish to 20ish in 5 trading days, and I don't think it was undervalued at 14..........it was OVERVALUED.
Well, did what I said. Opened a 1000 share short position on C at 19.40 (Mon Jul 21's open).
Not a believer for one second in the latest financial hoopla cause to me, not a damn thing has changed fundamentally, and nothing good is going to fundamentally happen any time soon. I do not see any "value," either, in the financials. The latest hype is short covering. Smart money is selling it, and I don't even think the dumb money is buying. It's all short covering.
The only thing that works in favor for the disamal US financials is the weak dollar, and that only applies for takeover purposes. The takeover rumors could keep these horrible ticker symbols afloat by goosing the shorts.
Anyway, will look to cover this thing 10-12ish.
so far so good CC. Nice start! 18.90...
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Quote Originally Posted by claycourtlesson:
Well, did what I said. Opened a 1000 share short position on C at 19.40 (Mon Jul 21's open).
Not a believer for one second in the latest financial hoopla cause to me, not a damn thing has changed fundamentally, and nothing good is going to fundamentally happen any time soon. I do not see any "value," either, in the financials. The latest hype is short covering. Smart money is selling it, and I don't even think the dumb money is buying. It's all short covering.
The only thing that works in favor for the disamal US financials is the weak dollar, and that only applies for takeover purposes. The takeover rumors could keep these horrible ticker symbols afloat by goosing the shorts.
We could possibly "grind" a while up in this latest round of short covering, which is why I only did 1000 to start.
C could technically hit 23-24ish sometime in August, and then when "the analysts" realize that 3Q will be worse than 2Q, C will get shellacked into October.
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Thanks AZ.
We could possibly "grind" a while up in this latest round of short covering, which is why I only did 1000 to start.
C could technically hit 23-24ish sometime in August, and then when "the analysts" realize that 3Q will be worse than 2Q, C will get shellacked into October.
How the hell can any banks make enough money in 3Q to justify their present overvaluations?
From where is this money coming?
1) A laid off consumer?
2) Deals?
3) Santa Bernanke's printing press elves?
The only way banks can be supported for 3Q is takeover speculation, but if Europe/Asia has any brains, they won't intitiate any buy-outs until symbols like WB (5) and C (12) hit rock bottom.
Why pay now when you can pay on the cheap in 3 months' time?
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How the hell can any banks make enough money in 3Q to justify their present overvaluations?
From where is this money coming?
1) A laid off consumer?
2) Deals?
3) Santa Bernanke's printing press elves?
The only way banks can be supported for 3Q is takeover speculation, but if Europe/Asia has any brains, they won't intitiate any buy-outs until symbols like WB (5) and C (12) hit rock bottom.
Why pay now when you can pay on the cheap in 3 months' time?
thanks for input ws, not sure if i will mess with any or not. Kind of disappointed in apple puts. I guess thats the nature of the put side with not as much time premium in them as i'd hope. stock at 150 and 165 going for 16.00.
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thanks for input ws, not sure if i will mess with any or not. Kind of disappointed in apple puts. I guess thats the nature of the put side with not as much time premium in them as i'd hope. stock at 150 and 165 going for 16.00.
Yeah, take money and run, man. Smart short money could cover all day today and look for other slaughters, even though AAPL should be priced around 100.
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Gunners-
Well in shorting Steve "Icehole" Jobs.
Yeah, take money and run, man. Smart short money could cover all day today and look for other slaughters, even though AAPL should be priced around 100.
I hope you closed the puts and kept the calls. You could have REALLY made out with the approach.
Did okay considering....I was watching every tick this morning and had to leave for the grind so put in limit order at $15.25 and it filled which covered the cost plus commissions and basically left me a free call at 170 which is working out as good as I could hope. Gonna let the call ride a little bit. Didn't do anything else today trading wise.
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Quote Originally Posted by wallstreetcappers:
Grinder,
I hope you closed the puts and kept the calls. You could have REALLY made out with the approach.
Did okay considering....I was watching every tick this morning and had to leave for the grind so put in limit order at $15.25 and it filled which covered the cost plus commissions and basically left me a free call at 170 which is working out as good as I could hope. Gonna let the call ride a little bit. Didn't do anything else today trading wise.
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