Thats a bad tick. Its at the high right now. I actually tripled my calls, adding more at a $1.00 here. Average cost is .925 & going to let it run tomorrow to see what happens.
This should be interesting. Are you going to see this through?? Stops or add to short @ $98 range?
I am running a sell stop on those calls if the bids start to dry up @ .95
Definitely grab some LEAP puts soon or something. The cool thing is that your position will be 100% hedged with locked in equity, so you could do whatever you wanted to with that money; depending on the margin flexibility of your broker. Or just roll the dice and see how long this Apple run can...
I remember like yesterday. Still amazing how nothing came about with all the options hype. Only reason why I did not get in at that time. Was fearful of a 15+ point overnight gap drop.
This is starting to look like a real set up here. Markets flat and down today & Apple making new highs still. A close above $95 might be a buy single. Third time might be the charm here. That pub on Steve Jobs today is a + also.
Nice! I am assuming you got in at some point this past summer than? Are you gonna hedge it all with a collar or some longer term puts to lock in all that equity??
After looking at where its been a little more, I agree. The risk/reward at these levels does not make sense. I didnt get it in the mid $80's, so unless it blew past that exhaust point on super high volume, I am gonna wait and see.
I have been so tied up with other stuff the last couple weeks or so, I completely missed this last move up.
It has now slowly crept up back to near the 52 week high range. The MACD was a screaming buy back on 3/7 as it breached a new intraday high of $88.50+
Earnings are within this...
While you are actively trading at a prop firm, no. If you decided to quit the prop firm and than went working in a completely different industry; after 2 years the license is gone. However in some cases with some prop firms, if you were to go back to the same firm you left, even after the 2 year...
You lose the exact difference between the ITM strike price you are short vs. what the underlying price actually is. Depending on how much premium you wrote in the first place, it could be some of it or it could be all of it and allot more.
Something more is developing on NEW. Its getting crushed right now, just tanked nearly a $1.00 in 30 minutes & March $2.50 strikes puts have doubled and are being bought in the thousands at a time.
Amazing how much volume today on the $2.50 March put strikes. We will obviously know for sure when verifying tomorrow, the OI to see how much of this was BTO/STO new positions today, but I suspect pretty much all of it, trading in a tight range of .15-.20. You really cant scalp in a nickel range...
After I get rid of NEW, this is my next one.
http://finance.yahoo.com/q/bc?s=FRO...l=on&z=l&q=l&c=
This stock picking swinging for the fence stuff is really fun.
I forgot the logistics - generally speaking for real trading purposes. If the cut off record date is March 8th & you get in...
The only riskless options/equity strategy would be where you buy an equity, write a call & buy a put at the same strikes. This will not work on most average stocks. You would have to get something with a little more beta. If you want a real world example, check out NVDA as it is hovering around...
If anyone bought this in 1998 & rode it up with 5 stock splits, I will be more than happy to accept PAYPAL donations from you as I have absolutely been crushed by the VIX.
Yes I realize the article is new. I was just pointing out what otc's post was specifically about. My comment was not motivated out of a bias or opinion on this stock. I actually appreciate this thread being put out here. A near 20% stake is a pretty big deal. Will be really interesting to see...