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I plan to close both of these end of this week, hoping theta + Vol crush is greater on the weekly. But the range that AAPL needs to stay in after earnings is a little tighter than I like on the downside so I might close it out tomorrow. NFLX is at $85 after earnings which is supposedly the...

That'll probably work out in the end but seems a little too risky for my taste given the shifty market right now and who knows what else will come out of this scandal-wise. I'd probably wait a week to let the dust settle a bit before jumping in, course by then you may be sitting on some cash...

Wow, looking at the 5-day chart (see link below) I'm eerily accurate, although the neutral reactions end up being negative due to run ups. At any rate, I'll stick to hedged positions for now and hope the game lasts a little longer. Maybe if I last a while I'll add a small gambling fund for...

Possibly, but I lose respect for someone isn't willing to substantiate their claim. I'm also partially interested because I think GLD will have a swift rally to $170+ at some point this year, but the bears will probably beat down on it for a couple more weeks or months. Just keeping an eye...

My guess is his cards are going to disappear tomorrow. I was actually giving him a chance but not if can't explain why he's doing anything or actually be helpful.

I guess so, back to break even at least.

You're still that confident it's going to drop, and why didn't you create a stop loss when it was in the $0.70's?

Care to tell why and how much you are in for?

So many earnings...so little earnings talk. Lots of goodies this week. Here's my uneducated guess for some reactions (as opposed to the report). Positive: HOG, EBAY, YUM, MSFT Neutral: IBM, INTC Negative: CMG, CREE, SNDK ???: YHOO, AXP, MA Alright FF, get your screenshots and big...

Aapl has been very good to you, but you have a big enough account to put $20k at risk in AAPL alone? What strategy/decisions are you using to make your pics?

Is there a way to lock him out of this thread, seems like FF is just provoking fights without much contribution, esp now with those annoying fonts/colors. Well, at any rate I will start logging complaints on these types of provoking posts.

At 630 right now the whole thing has broke even which according to my calculations I would have expected a $2000 loss. Being expiration day helped because the weekly 640 puts have no premium, they are worth $10 instead of $12ish. So on this particular tarzan does jane it worked out quite well...

Understand the neutral, but curious about 5-wide strangle, that just means if GOOG is at 642, the value of a 640 call + 645 put should be $5, but would probably sell for $4.55, thus losing $0.45?

Just curious, don't most brokers let you cover exercised options during the next session without any charges/penalties? I suppose there might be some sort of limit cuz $600000 of intra-day margin in my sub $5000 account might be a little extreme. But if there's no penalties then the only real...

Good point, I fluffed the 630 and 650 Apr 13 strikes ($12 instead of $10) but didn't do the same with the 640 apr 13's. Using ~$3 it would reduce the profit at 640 from $8000 to $5600 ($3x8)

I'm in a paper trade which is my guess at a Tarzan does Jane. +10 GOOG Apr 21 650 Calls $19 +10 GOOG Apr 21 630 Puts $14.7 -8 GOOG Apr 13 640 Calls $22.3 -8 GOOG Apr 13 640 Puts $17.5 Cost $2000, Margin requirement = $8000 I'll update tomorrow. my simple outcome calculation: Goog...

I am interested in a strangle, but it looks GOOG has to move at least 6% to break even, it just seems like the odds of profit are low. How do you go about closing this position after earnings to improve the odds?

Yes, you lost $1 and a large part of that is probably due to bid-ask spreads because you're dealing with 4 legs. Lets say the bid or ask is $.15 lower on all of them, then you lost $.6 just from that, and the iron condor itself only lost $.4. The only chance of making money on this one is to...

Just bought 20 ARNA May/July calendars at the $1 strike for $.14. They have a FDA Approval in July so I can't imagine there's not going to be more than a $.14 premium on the July's once the May's expire. Although It's deep ITM so maybe it doesn't work out that way. We'll see, only $280 on the...

Does your close before earnings comment apply to the straddle or is that playing a $45+ move after earnings?