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I still stand by what I quoted. I was making a reference to convexity with my "flip-flop". I didn't make the trade because IB flagged me with a potential pattern-day trader warning. But I would've gone and made the long put trade. I like being wrong for the right reasons. Sure that short...

SODA has the tenacity to do extremely disturbing things to your account if you're net short puts or calls - especially at expiration. Anybody with a position with unlimited upside or downside risk might get hurt tomorrow. I personally have a butterfly but looks like I wont do that much...

I hereby declare you the official troll of ET. It's been a pleasure feeding you.

O well, Just found out I can't even trade because I made some pattern day trades last week. I'll have to wait a day before I make some trades. Funny! This is exams week for me anyways so I'll just step aside. Have one long call position in AAPL. And thats pretty much it.

And how will things change in the next trade? It's about how comfortable I am losing a couple $100 bucks. Which I am. As for it being "TOO HOT", I've been through a few earnings trades already- AAPL and NTAP to name a couple. As for the "information above", you obviously didn't understand...

Question on Support and resistance. I could write a small script that generates pseudorandom numbers and create a geometric random walk from it, scale it to a random stock price- complete with candlestick charts and show plenty of Support and Resistance. How is Support and Resistance better...

Listen bud, A kid can do that analysis. I'm not THAT new to trading. And it's money I'm talking about. I'm not ashamed of changing my opinion at a whim. Hell tomorrow I might go long straddle. I don't care as long as I think I have an edge with it. Besides, I when I said I expect it...

Not quite. If you remember, I replied to your comment a while back: So I've been bearish fundamentally but bullish based on historical earnings related activity- history doesn't necessarily repeat all the time. Rather than be short and risk losing a ton, I've decided to take some chance...

I don't know what you have against this Nine_Ender but I can assure you I am no "Nine_Ender" You should meet up with him and hug it out- maybe a couple smooches and some strenuous physical activity between him and you might "straighten things" out for you two quarrelling lovers? I was...

LOL!!! "marked for death" I think I'll stick to the fundamentals and remain bearish on this one. It's European outlook is likely to disappoint even if it beats earnings (The earning's guidance it provided last quarter is now being expected to be higher- so the street has some unusually high...

Overall I do expect it to rise

The market is pricing a $50 move. And it has always jumped higher on earnings. Fundamentally though they have so many customers going to Europe and the European tourism env. woith higher hotel costs is prolly gonna show up in their guidance which for the first time might cause the stock to drop...

oh gawd, here we go again....

Edit: Just read your second post. I was gonna say maybe choose a direction and go far OTM but I guess that is still extreely risky...

I agree with that earnings trading isn't always profitable, but this one makes approximately 10% moves every earnings mostly to the upside (for the past 8earnings quarters) A double diagonal is where you sell the front month elevated vol straddle and buy the back month depressed vol straddle...

Note that he said it's not necessarily imminent. Apple could keep going up forever. At the end of the day fundamentals will catch up to a stock's performance, which in the case of Apple, fortunately is still pretty priced well (PE is around 11 I believe- which is normal). What's important...

Gotcha! This is what's fun about options (and scary)- so many variables each with their own non-linear effects. Thanks for clarifying!

Hey, a recent example would also be AAPl too. The recent earnings had an expected move of $35 and actually moved around $34. My ICs on paper trade made a handsome profit. I wonder if PCLN this monday is priced in correctly. I've never tried this strategy, but would a Double Diagonal make...

I'll definitely look to see if that happens. Hopefully I'll have sold my calls by then. Any particular reason why?

Ha! Id forgotten about that dirty way of calculating the price... And exactly what a straddle effectively implies So that's 4 pros here and counting...