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I didn’t imply anything other than the phrase “handsome profit” is moot. Read what I posted again I surely didn’t imply anything about what I thought was a big or small profit or pocket change. The idea that one capitalized on a move in the market is a moot point here since no one is...

The tablet announcement was nothing new everyone knew it was coming so today’s run was more than that. Since we don’t know where you got in "handsome profit" is meaningless. There was steady buying all day through 1pm not just a couple of pops. I respect your opinions but in the end trying...

When "hope" is your strategy its probably not a good idea

Right and he has a seat on the Fantasy Land Exchange so he's the guy in the see of hundreds of thousands of brokers who just happens to know.

One out of 5 is pretty poor odds. As all the regulars here already know buying calls or puts to try and time market moves is historically a really poor strategy.

If that’s the general consensus then the puts probably won’t do much. Buying puts or calls to try and time a move in the market is historically a poor strategy.

If you could only do that consistantly and use real money!!

The weeklies expired on the opening ? Wouldnt that make it hard to place a closing order today?

Implied volatility is trading way way above the stocks historical vola which is my first clue I dont want to be long IV in those names

sorry I was looking at front month, my bad

Math is not the problem. The problem is the prices you used are not correct. The 4 call is about 3 to 5 cent option and the 5 call is about a 1 to 3 cent option. That means even if you could sell the 5 put on the offer and buy the 4 put on the bid the most you're going to make is somewhere in...

No biggie, but I would also say you were not accurate at all. One leg or the other in a straddle is going to always be in the money other than a stock sitting exactly at strike.

An otm straddle is not a strangle. A strangle would have different strikes where as a straddle has the same strike in call and put same expiration.

What would be the point of making that claim on an anonymous forum where you would never be able to back it up anyway?

What some people think is "wealthy" others have in the cracks of their couch. The word "wealthy" means nothing without qualification, sort of moot, like this thread. It’s the internet, which means its best to assume that everyone is rich, wealthy, wise and good looking. My only question...

Not really. There are a number of threads on this topic if you use the search feature.

The only problem is the amount of the dividend is priced into the put since the whole world knows is there. You wont be able to buy the put and the stock at the prices you posted. IF you could the whole world would do it.

GE vola been in a steady decilne for a while

I believe his question indicates there is a nickel worth of time premium over parity left in the option and its already in the money. So yes he can be assigned but why buy them back and pay over parity?

No offense but the whole world knows about the deal so its already priced into the seats