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Bull Call Spreads vs. Bull Put Spreads
- Thread starter cactiman
- Start date
Quote from atticus:
I spent a year out here in my early 30s and couldn't wait to get back. Mostly due restaurants, clubs and eye candy. Being away from the city at that age was unbearable (NYC, Chi or LA). Now, with kids running around I really don't miss it. And I still have a sh*tload of miles for upgrade fares.
Where? My family had a place in Aix. I spent a lot of time there as a kid in Nice and North from SPdV to Aix. Saw my first GP of Monaco in 82. I still have hundreds of pics of me running around the Hotel Martinez and the Loews MC.
How cool is that? Post some pic's from the Grand Prix..... I'm guessing you were too young to actually be gambling in Monte Carlo...my brother lasted about an hour before being booted, LOL.
Don
Quote from atticus:
I spent a year out here in my early 30s and couldn't wait to get back. Mostly due restaurants, clubs and eye candy. Being away from the city at that age was unbearable (NYC, Chi or LA). Now, with kids running around I really don't miss it. And I still have a sh*tload of miles for upgrade fares.
Where? My family had a place in Aix. I spent a lot of time there as a kid in Nice and North from SPdV to Aix. Saw my first GP of Monaco in 82. I still have hundreds of pics of me running around the Hotel Martinez and the Loews MC.
I'm about to leave the big city in a month or two and I think I will miss the restaurants the most. Where I am going there's one indian restaurant in like a 20 mile radius... I'm sure it will be awesome.
Quote from newwurldmn:
I'm about to leave the big city in a month or two and I think I will miss the restaurants the most. Where I am going there's one indian restaurant in like a 20 mile radius... I'm sure it will be awesome.
I can see my local indian restaurant from my living room. It's a 5 minute walk. Quite wonderful. I make it a point to order something from there once a month.
wow this thread has nothing to do with Call Spreads anymore...LOL
Thread derailed - Falcon check PM.
Don - NICE Caddy ! Always wanted an old one like that - Grandpa had one growing up (hardtop), but the idea of parking in San Fran with one of those makes me LOL.
All I can say to the restaurant part of this convo is thank GOD I live in San Francisco ! You know you're eating good Indian when you're next to the Indian Consulate ~
Growing up in white suburbs of Chicago I had never even eaten Indian food until I was like 22 and had flown the coop. When I met my future wife (she is Chinese) and told her that we grew up eating Chop Suey & Egg Foo Young at Chinese restaurants she LOL'd and still to this day (15 yrs later) teases me about it.
To her Chop Suey was eating leftover when you threw together everything you had to try and make something for a meal.
Don - NICE Caddy ! Always wanted an old one like that - Grandpa had one growing up (hardtop), but the idea of parking in San Fran with one of those makes me LOL.
All I can say to the restaurant part of this convo is thank GOD I live in San Francisco ! You know you're eating good Indian when you're next to the Indian Consulate ~
Growing up in white suburbs of Chicago I had never even eaten Indian food until I was like 22 and had flown the coop. When I met my future wife (she is Chinese) and told her that we grew up eating Chop Suey & Egg Foo Young at Chinese restaurants she LOL'd and still to this day (15 yrs later) teases me about it.
To her Chop Suey was eating leftover when you threw together everything you had to try and make something for a meal.
Quote from Whistlingleaf:
Thread derailed - Falcon check PM.
Don - NICE Caddy ! Always wanted an old one like that - Grandpa had one growing up (hardtop), but the idea of parking in San Fran with one of those makes me LOL.
All I can say to the restaurant part of this convo is thank GOD I live in San Francisco ! You know you're eating good Indian when you're next to the Indian Consulate ~
Growing up in white suburbs of Chicago I had never even eaten Indian food until I was like 22 and had flown the coop. When I met my future wife (she is Chinese) and told her that we grew up eating Chop Suey & Egg Foo Young at Chinese restaurants she LOL'd and still to this day (15 yrs later) teases me about it.
To her Chop Suey was eating leftover when you threw together everything you had to try and make something for a meal.
I loved my decades trading on the Exchange in S.F. I recall being so upset that it cost me $6.00 per day to park underground there....LOL, not it's about $60 a day or something in the BofA building...just horrible.
I wish the ferries from Marin would have left earlier in the morning, although the drive across the GG was always kinda cool.... and the fog "creeping in on little cat's fees" (or whatever the poem is) was pretty neat.
We could do "everything" in the 70's and 80's within a few blocks of Pine and Montgomery....great food, etc. Chinese food was the best, actual Chinese prepared. Not a fan of Indian food, but it's all there.
All the best,
Don
Quote from Whistlingleaf:
Falconview - the minimum I'd look at strikes right now is Sept and Oct or Jan 13 is fine. I don't like shorter duration strikes and try to get out 2 months before.
To play direction you have to believe that something is going up or down.
As an example:
Since Mid March I've been very bearish, so I bought a Bull Call Spread on TZA 18-24 (July expiration) It cost me 1.30, so max gain was 4.70.
It was difficult to watch the market continue to rise through out April and be losing money, but I was pretty confident that a myriad of stocks were WAY WAY overpriced and would crash - just look at the 1 yr chart on QQQ.
I closed it on Monday when the market was down and made .72 which isn't bad for 1.30 investment. I could have made more had I held, but I rolled out to October, and bought another call spread.
Doing these type of spreads I only have to be right about 1 out of 4 times to break even.
If I pick a stock that I don't want to buy but think has huge potential I will buy out as far as I can and be patient. Right now I think coal stocks are undervalued and I have Jan 13 call spreads on JRCC, PCX, ANR, & ACI.
Now coal stocks might languish for the rest of 2012, and I might lose but I will buy more spreads later in the year when Jan 14 contracts become available or the spreads become tolerable.
good info...