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I'm trying to follow you here too but not quite sure....I've tested on "condors" I think that's what they are called with debit spreads on puts and calls before earnings. That's about as wild as I have gone I think.....Other than that just straight strangles/straddles, spreads so far. Nothing...

Sold to open AAPL mar 580 put at 12.60, setting up that spread of 585/580 put to $1.40. $140 risk for $500 gross return. I think that should work out positive for me. I did this so I can set up an April put position in AAPL shares. Should work here. Sorry forex, just can't seem to follow the Qs...

Hey Jeff, Optionsxpress allows a strangle to be played with 1 commission cost only.....saves half the commission cost right there. But, you're right. The stock has to make a strong move in 1 or the other direction, and with something like CREE, I don't think we'll see that in 3 days. It might...

Yeah, I'm testing AAPL puts again.....I'm making it up too....but just bought 1 AAPL March 23 2012 $585 puts at $14.00. I just feel like the correction in AAPL is coming, putting a stop at $8.75 though and going to watch it closely again.....Funny you mentioned that they don't make sense, hell...

I noticed PCLN making big swings too lately, but that just maybe due to the market.

There are a lot of losses along the way too....It's not as pretty as it looks lol. There's been some stressed out days. Like me trying to fight AAPL the past few days losing about -1600 along the way, before making it all back this morning. I'm not touching AAPL again for a while though. I...

Alright, can't stay 100% cash for long, added 2 CREE Apr 30 call at 2.34. Small risk here, earnings are in April and I hope it occurs before expiration too. Just can't sit and watch it as it bounces of the lower end of its uptrend channel anymore.

It sure smells like the start of a correction here, even if its 1-3% correction instead of 5-8%.

Yea, made it there on the two GOOG put spread I had. I was actually back to $8300 yesterday on AAPL and possible GES loss, actually lost -625.9 on the AAPL puts and expected to lose -462.95 on the GES call, but just locked in +1,669.10 on the 3 AAPL 590 calls I added yesterday afternoon....I was...

THERE IT IS ..... AAPL HITS $600 AT THE OPEN LOL. I was set up to close out those 590 calls, and I'm out....13.40. Freaking made my money back....leaving this one alone until I'm sure the correction is in.....lol

Oh just read this sorry, too many posts pushing the pages on this thread, just noticed this post. But I did answer it.

Oh yeah, I watched minute by minute yesterday....lol, I clearly sold on that last leg back to 590 or so....I had hard stop loss at 5.50, but I overrode that and sold at market. Even jumped into the 590 calls. Like I said earlier, they are going to push AAPL to $600 before all is said and done...

From experience, most earning trades move by 10%, with exception of the few large slow growth caps like MSFT and INTC. After so many trades this year, I've started to notice that ATM options priced 5% above the current underlying price is considered fair value. Anything above that and the...

I knew those traders were going to push AAPL to $600. AAPL was about to get crush yesterday going from 595 to 575 in 20 minutes, then gets push back to 590 to close out. It was as if the traders wanted to see 600 before letting the correction occur....I think today, all the pig traders are...

Just realized how tuned in I've been to this AAPL trade.....I figure, if it traded above 590 again yesterday, then I'll grab them calls because we'll probably see 600 by Friday.....AAPL is up 40% in 8 weeks, way too fast for any stock, especially for the largest cap....I mean this thing is now...

LoL, I joined the crowd at the close yesterday.....closed out the 585 puts 6.00, and bought 3 march 590 calls at 7.75. Took a loss on those puts too...

CREE should work for you....I'm giving that AAPL put another try, made a small profit the first time around, but loss big on the second one, so I'm looking to make my money back. I bought 2 AAPL Mar 17 2012 $585 puts at 9.00. $568 to $595, then a drop off to $586, I think that was the top right...

On that note, I did buy 3 ges mar 36 call at 1.50 yesterday afternoon. $462.95 risk on a $9469 account, about 5% only.

That's true traderlux, but this market puts everything in an odd situation.....all those you mentioned are either in a weak trend or all overbought. What to do here when they are already overbought? Take NKE for ex. straight up from $92 to $110, no 7-10% correction at all since December. What...

The results from this put spread strategy over the past week and a half came to GOOG 615/605 spread +1105, GOOG 610/600 spread +522, AAPL spread 530/520 +709, and AAPL 550 put (no spread because didn't have time to leg in before closing out) -985. I was down to 8118.69 before these trades and...