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At first look I wasn't too bullish too with resistance on chart at $77.50-$80 usually trumping all else. But it got interest when I went to get a look at WTW's short interest. I saw 14M shares short or a whopping 20% of float. This one could go the way of GMCR and NFLX where a slight beat or...

Thanks Jeff, I see your point now. It'd be hard to see that kind of gain on say FOSL or WTW where IV expects a 10-15% move already....but something like CLX probably had an IV that expected 2-3% move at best. The huge surprise caught "the experts" off guard, and in that I'm talking about...

which brings me to this question.....anyone who had a chance to buy the FOSL feb 115 call at 0.25-0.35 this morning has a nice 10-bagger in the pockets already. That's amazing.

Too bad you paper traded Jeff, I bet those FOSL calls would look nice in your account by now. I'm surprised myself as I was looking for a max swing up to $112 only. Instead, FOSL is above $114 and trying to test $115.

Yeah, the ask price added up to $8.80 when I last checked. I'm looking at how I should put this trade. First and foremost would be whether WTW could make that 8 point move. At $77, $8 point comes to about a 10% pop. I think I might just have a possible 4% gain on the overall trade in either...

Hope you don't mind me asking, but how were the result of your trades using this strategy? I guess I'm trying to figure out how often a stock will move in the way you mentioned where it trades to the top or bottom of range, then reverses all the way back to the opposite end.

Made out with 1394 in profits alone for RAX position. I was only going to set up a trade for DE, but the extra profits mean I will try to test the strangle vs. straddle trade. My patient will be WTW where it has done +47, -10, -23, -11 the past 4 quarters. I'll need that kind of move for a...

And here's where I think the advantage is to the spread trades. I bought to close the short 115 calls for my FOSL spread, and will allow the long 105 calls to run. Looks like FOSL broke through $110, and if it holds above $110, then we should get a few up days this week.

I think that volatility may just stay up for today....I don't follow the Nasdaq volatility, but the VIX is at its highs right now. Closed out RAX for avg price $5.50, nice nice profits there.....will look for exit on FOSL too, but I think I have room for this trade.

Are you guys seeing this? FOSL is at $108.34 and the 105 call is trading for $2.80? or is my streamer off on the options?

Whoa!!! HOld on here, didn't I say FOSL would open lower and then trade higher? I'm laughing hard right now because it did exactly that. And the only reason I got it right was through years of seeing this type of move.....I still have my spread, and I'll leave it alone.

You know what, that's interesting. The next strangle play I make, I'm going to take that to the test....1 straddle and 1 strangle trade on the same earning play just to see the results.

I have both going up, but I did have RAX going up much higher than FOSL. There was still that skepticism that FOSL could miss by a little again, and it has. But the reason I had FOSL going up is that its short interest has jumped quite a bit, which to me meant that traders who wanted to short...

Now that FOSL has reported with all numbers inline, it will be interested to see how the stock reacts. It's down -4 points so far this morning. I expect FOSL to open slightly lower before rallying up to at least $110. Either way, I have 1 spread on this trade with most of my capital in RAX. I do...

Well, I'm in FOSL spread 105/115 at 2.90 and RAX feb 49 call at $1.95. I'd love to hit the ocean too and jump in for a swim, but it sure is too cold here lol.......so instead of some ocean and sun, I'll be looking more at warm tea in a couch. I've got a good chunk of play in those two positions...

As for my plans for today.....Looking to exit all 6 WFMI calls if the shares hit new highs into $83, which is possible considering that the market will just about erase all of its losses from Friday at the open. Nice trade on the Qs falcon, looks like a payoff if you took those calls at the...

I'm starting to like Belize....lol, I was actually born in France before parents migrated to US in the 80s. At this point the only place I'd ever consider visiting that's not on the mainland is Hawaii and US Virgin Islands, but reading the experience you have in Belize has given me a different...

After those two losses on Friday and took the weekend to relax lol....but I did set a goal of $18,000 by end of year. I'd have to stop at the level to rejuvenate because I can alsmost see myself losing it and going no where beyond that goal as I didn't plan on setting up a higher goal at the...

Interesting, wasn't sure if it would be possible with win/loss below 50%, but it is interesting to point it all out in theory. Have OPEN puts and also added to my WFMI calls at $1.90. The trend on WFM is just too strong right now. Unless, the market dramatically breaks down (like a 300-400...

LOL, I didn't my trading was infectious. Still, since I got serious this year, I've been sticking to stingy money management and not allow any 1-2 trade to take me out. I've taken big hits like the double losses in GOOG and PH costing me $1500 or so in 1 day, then today with TRLG and LNKD spread...