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Bob , I don't know where to start on reply to your last post...So I'm just going to wish you good luck with your trading.

AAPL long 85 July long call = 11.7 Jan short put= 3.80 Stock seats around 85 and tanks to 70 after report. Vols collapsing to 30 (sv) : Gain on stock = 15,000 Loss on put = 11, 200 ( and exp) Loss on call = 9,700 PnL = (-5,900 ) Your move , Bob.

LOL , Bob , so suddenly its a Vega/event related trade ? Change in vols was NEVER mentioned on the other site , it always was about neutral trade and some magic rolls .

Q4 , can you show us how you planning to adjust/roll collar position ? Post a position , then I will make up a stock price action , and then you will make an adjustment . Deal ? Then everyone can see if collars are "consistently profitable"

out of DNA , nice start for 07 :)

sorry x , I confused your post with Daniel's ( he entered DNA 2 weeks ago). You are correct on all the above , if stock didn't moved big in the latest qtrs , spike will not reach previous levels. In case of DNA I "reduced " my expectations to mid-upper 20th for this qtr. Got in at vols=21 .

x , with all those non-trading days , you DNA entry was a bit to early IMO. I got in on Fri before NY

Google search on " Peter , moollions" returns interesting quote... " Month after month , I just keep on entering collars on BBY and think a happy thoughts".

of course you had , how could you NOT make money on bullish stratedy ( collars with atm puts and otm calls) on one directional market (up) for the last four years ? Did you outperform other bullish strategies such as verticals , naked puts , long stocks , ect ?

but DV...rolling is really works ( wink wink) and its easy ! I heard one ex rodeo clown made mooollions by dynamically hedging collars. He is running a Dear Abby style column on one of the option's sites. Still very much in touch with his old profession ; posting funny pictures and staff. It's fun !

It's time to move on to the next myth : magical roll ups/hedging (wink)

JAN qtr is always diff from the rest , because many stocks reporting later then usually. Usually about 70% done reporting by end of reporting ( this) month , but its not the same for JAN ( add 1.5-2 weeks).

Is this just me or their " Happy New Year !" is a synthetic " F*ck ya all !" ?

In another "extreme" scenario ( buy out) verticals will make a 100% profit and collar only around 4%. Here is even more extreme case (but more realistic then stock losing 90% of the value) : stock tanks in pre-market to 200$ , broker sells stock to meet the margins (retail account) and then...

DV , is that you in the front row with large pop-corn ? :)

OK , thanks

my Avg Cost is all messed up , anyone else ?

TECK double RC ( 17.5) made more than 3 $...:)

perceived benefit > perceived risk must know how to isolate other variables ( time is only one of them) to capture "perceived edge" Read Mav's and others replies on this subject ( for option's edge) , great staff

no , its not you...Who is FNG ? Can you post a link to the thread ? Good luck with your trading