AAPL by Joab

[diligent]

gotcha - yes i do remember - i have been following your posts.

maybe some day i will jump into the options pool...

 

[ByLoSellHi]

Quote from stock_trad3r:

Buy& hold apple. That what I did. Long since $55

That's really easy to say when your basis is about 50% of the share price now.

 

[Joab]

Quote from MarkB:

I'm favoring long side at this point, attachment shows my reasoning on it.

Mark

How are you buddy ?

Good to see you posting here in ET !!!

Hope everything is going well for you and your new site looks great.

I meet you through woodie years ago and I would recognize those charts anywere lol

 

[MarkB]

LOL, thanks Joab. And here I expected to be stomped on for posting Fibonacci, particularly with no mention of fundamentals

Didn't recognize the nick, drop me a note or PM or something and let me know how you're doing if you feel like it!

Things have been good here, just recovering still from the move to Florida.

Thanks for letting me add my 2 cents to your thread,

Mark

 

[weewilly]

Quote from atticus:

No. An 85/90 debit call spread with spot at 92 is long theta. It's priced < strike differential. It will converge to S-D with time [theta] or synthetic time [decrease in volty].

Guys: Long theta = benefit from decay.

Right, I meant time working with you -- positive or long theta. The point I wanted to make, was that debit verticals are not always long theta, it depends on whether they are I/OTM. OTM debit verticals are short theta.

It is incorrect to make the unqualified statement that long verticals are long theta.

 

[scriabinop23]

Quote from atticus:

No. An 85/90 debit call spread with spot at 92 is long theta. It's priced < strike differential. It will converge to S-D with time [theta] or synthetic time [decrease in volty].

Guys: Long theta = benefit from decay.

this is semantics here -- since long options have negative theta I stand corrected.

but we mean the same thing. short closer strike, long rear strike benefits from decay. long closer, short rear is hurt from decay.

 

[atticus]

Quote from scriabinop23:

long vert spreads are long theta, short vert spreads short theta. sorry - wasn't specific enough for you.

Semantics?

Long otm verts are -theta
Long itm verts are +theta

short itm verts are -theta
short otm verts are +theta

Assuming both strikes qualify.

 

[diligent]

now whatta ya think of my double-top, punk?!

=)

 

[Joab]

Quote from diligent:

now whatta ya think of my double-top, punk?!

=)

LOL

 

[Tums]

thanks Joab

;-)