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  1. OTM-Options

    AAPL earnings on April 27 ----- Summary of my three GOOGL trades

    AAPL earnings on April 27. After hours. AAPL at 130.28 52-week high 133.00. I'm considering buying a May01 136.00 call on Monday, current ask $1.25. Price target after earnings $140.00+. Will post when (if) I enter the trade. Any adverse market conditions on Monday might prevent me from...
  2. OTM-Options

    Selling Covered Calls (TOTAL NEWBIE )

    The problem with covered calls is that they cap the upside for peanuts and provided no protection to the downside. JBLU earnings are this Tuesday, April 28. Before the bell. Covered Calls + Earnings = No Win Situation :)
  3. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    I sold-to-close the 585 call for a net credit of $65 (bought at $0.85, sell at $1.50). Your idea was to leg into the 585/590 call debit spread for a net credit of $20 (long 585 call at $0.85, short 590 call $1.05). As of now GOOGL is at $577.00. The calls are OTM and could expire worthless I...
  4. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    All my opening and closing trades are a good idea - at the time I make them. Due to the volatility of options I know there is a high chance of leaving lots of money on the table whenever I exit a position, or the options expiring worthless if I stay in. Damned if you do, damned if you don't...
  5. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    I have decide to take one in the hand instead of two in the bush. Sell-to-close 1 GOOGL April24 585.00 Call at $1.50. Filled at: 11:30:21 ET. :)
  6. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    RECAP GOOGL at $549.18 Position is still open, bid at $1.40. Earnings tomorrow after the bell. I'm looking for a 7.5% / $42.00 (GOOGL $590.00+) or greater increase after earnings, based on today's close. My plan is to exit sometime on Friday. :)
  7. OTM-Options

    Understanding futures options

    I interpreted your post as entering a long and short position at the same time (simultaneously), then closing the losing leg and let the winner run. Is that what you had in mind? If so there is no reason to enter that trade at all. Why not just enter a short OR long position at a certain point...
  8. OTM-Options

    Need advice on using options to hedge USD

    Hedge USD against the CAD = Buy CAD It's as simple as that. But since you trade US equities I would leave the account in USD. :)
  9. OTM-Options

    Understanding futures options

    Instead of exiting "the losing position" why not paper trade both long and short positions and then when a certain level has been reached enter a real trade in that direction - short or long. :)
  10. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    Closer to testing the waters than a proven system. I follow 10 stocks plus the QQQ. FB GOOGL AMZN PCLN NFLX TWTR TSLA AAPL GMCR CMG QQQ Almost every week one of those stocks will have a 10x with one of the OTM calls or puts, and my goal is to try and be in on a 10x trade or close to it. The...
  11. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    I have entered a GOOGL earnings weekly OTM call option trade. Filled at: 15:38:21 ET. GOOGL at $545.15. 52 week range $490.00 - $608.00. Bought 1 GOOGL April24 585.00 weekly call at $0.85 4 Days to expiration. GOOGL earnings Thursday April 23. GOOGL price target after earnings $590.00+...
  12. OTM-Options

    209 puts ask less than intrinsic why?

    Maybe an MM might be able to take advantage of the arbitrage opportunity - if it did exist as the OP posted. BUT for a retail trader (99% of ET'ers) that $8.00 would get whittled down with commissions. IMO .... Not worth the effort. :)
  13. OTM-Options

    How accurate is IB's T5008?

    CRA doesn't care, because it will balance out from year to year. I'm with BMO Investorline and I don't wait the 2 months to receive the T5008 to do my taxes, I create my own T5008 from the TransactionHistory.CSV which is updated daily and ready by January 1st. Sometimes there is a small...
  14. OTM-Options

    209 puts ask less than intrinsic why?

    Could it be that someone was a motivated seller and didn't care about the $0.08? The arbitrage opportunity would be only $8.00 or less. Buy the 209 puts at $0.97 Buy 100 SPY at $207.95 Debit $20,892 Auto exercise. Sell-to-close the 100 shares of SPY at $209.00 x 100 = $20,900. P/L $8.00...
  15. OTM-Options

    GOOGL - April17 OTM Calls

    I sold it today at 10:46:49 AM ET for $0.05, after commissions I get $0.00. I prefer to sell even for a penny and get nothing than to let it expire worthless because: I want to clear it from my account or else the following Monday and Tuesday it still shows up in my positions - even though the...
  16. OTM-Options

    And another company worth $2.8 Billion and it has only existed 18 months,

    Kevin O'Leary was on CNBC the other day and he suggested some of the tech companies with super high valuations should buy real estate and build up hard assets, then they have something to fall back on. Sounds like a good idea. :)
  17. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    It's getting very close, will next weeks earnings get the ball rolling? I think so. Today Nasdaq: 5,007.79 QQQ: $107.69 March 2000 (all time high) Nasdaq: 5,048.62 QQQ: $117.56 I will be posting a weekly OTM option trade sometime next week. Perhaps GOOGL. :)
  18. OTM-Options

    An Earnings sub-forum

    IMO ...... The excitement of earnings doesn't spill over to ET. Both the Options and Stocks forums are usually very quiet during earnings unless there is a big move - then all the "should have, could have, would have" threads pop up. :)
  19. OTM-Options

    Just a Reminder - Next week is a busy week for earnings

    Next week is a busy week for earnings. Some notable stocks to keep an eye on, all after-hours. Tuesday, April 21 CMG YHOO Wednesday, April 22 EBAY FB Thursday, April 23 GOOGL AMZN MSFT Monday, April 27 AAPL I'm bullish and am considering OTM weekly calls on FB, GOOGL, AAPL and QQQ...
  20. OTM-Options

    I specialize in buying OTM weekly call options on AAPL, FB, GOOGL, AMZN, PCLN, NFLX, TWTR, TSLA...

    I specialize in buying OTM weekly call options on AAPL, FB, GOOGL, AMZN, PCLN, NFLX, TWTR, TSLA, GMCR, CMG and QQQ.
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