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Why in the world is this piece of shit at 163? Yeah they beat earnings last quarter, but that does not explain the ridiculous share price. Maybe it is 97% owned by institutions or the asshole analyst pumping with the same old methods. They first pumped oil when it was at 150. They pumped...

This stock is going to double again soon. Market maker CANT was out on the ask

Apple is a hardware brand not a software brand like Microsoft. I believe one day they will release touch screen Imac and laptops when the economy reaches a trough point. Furthermore, consider how cloud computing is going to be the wave of the future, who needs Microsoft's OS and software?

I would short Wynn too, but its so heavily shorted that my broker cannot borrow anymore shares. I am long LVS though.

It is the opposite of the covered call strategy. You first short the underlying at e.g $5 and you write a covered put for $2.5. Your max profit on the underlying is $2.5 (from $5 to $2.5). Covered puts are a bit risky than covered calls due to the fact that a stock can move up to infinity...

Thanks guys

thank you mark

Correction: Max profit if exercised above $2.5 eg. $3 = $2500+$100- the increase in value of the option I wrote (eg. option now worth 50c). According to him, I lose money because my profit is now $2500+100-400.

I have a friend who have been debating with me about how I will actually lose money in the following scenario. 1000 Underlying stock price purchased at $1 a share. Then I write 10 $2.5 covered call for 3 month later and collect 10c each. Max profit if exercised above $2.5 eg. $3 =...

This might be a no brainer. If I wrote covered calls at a strike price of 2.5 for Jan 2010 when the underlying stock is 70c and the stock spikes to $3 and I get exercised early. Would the underlying stock appreciation from 70c to 2.5 be subject to short-term or long-term capital gain? Is...

Ambac (ABK) is probably one of the most volatile stock on the market. It got ran up from $1 to almost $10 in summer of last year and it popped from 36c to 1.2 the past two weeks. Today, it retraced from 1.2 to 70c. I bought 10k shares today at 75c and sold Jan 2010 $2.5 covered calls for 20c...

Gaps needs to be filled and unless your a hedge fund, you cannot short a stock that is under $5. If you are sure of a retracement to under $2, I would advice buying some puts for Apr@2.5. However, I believe Bac have some more room to fall and there are plenty of shares for you to short in open...

I read everything I can find in all the major publications from my POS broker etrade, and I visit the casinos and see for myself how they are doing. Last weekend, the Venetian was pretty busy. I personally believe that this is a cyclical play and it will recover to at least $10 by the end of...

People buy puts for reasons other than speculating that a stock's price will go down. For example, I used some of the proceeds from selling covered calls and buy at the money leap puts to protect my position just in case.

thanks for the response guys. Please keep the discussion going. Thanks again

I just took a 9000 share position in the company at $2.39 average, thinking of buying and holding for a year, while writing 5 strike covered calls every month until it runs up to 4 bucks. Their Pennsylvania and long anticipated first casino in Singapore is going to be finished by the end of...

There are serious issues with etrade's platform that needs to be addressed and how the company will lie and deceive their best customers to avoid eating a loss. Before the market closed on Friday, I placed 50 put option orders on FAS with the Etrade Power Pro. Immediately after placing...