GOOG - Earnings this Thursday - Buy OTM weekly calls on Thursday

[sle]

Quote from stock777:

If you knew when to hedge you'd be Steve Cohen. Being long options doesn't make you any smarter than you'd be at random.

There we go again. I will repeat it one last time: "being always long or being always short risk premium is stupid".

This time it was the right opportunity on the buy-side (I was long calls against delta, as I said), for reasons see my analysis re implied moves earlier in the thread. Hedging delta early on is also systematically-right, usually these moves are fairly quick to mean-revert. You might make less in some cases, but you will get more over the long run. I have actually done analysis on that too.

ps. now go sit on a carrot.

 

[stock777]

so you took 1-1 instead of 10-1, better you than me.

 

[stock777]

ya'll should look up the old threads where the local genii were saying GOOG at 100 was overpriced, and I was saying not.

 

[FXforex]

Quote from FXforex:
10-17-13 02:55 PM

Bought 1 GOOG 10-19-13 930 call @ $2.95

This could go up another $20.00 to $980 by the time the market opens on Friday, and then a steady climb up another $5.00 to $985.00 by market close. Will update when I sell.

 

[chicagodon]

Quote from FXforex:

This could go up another $20.00 to $980 by the time the market opens on Friday, and then a steady climb up another $5.00 to $985.00 by market close. Will update when I sell.

Are you locking anything in AH as sle suggested?

 

[FXforex]

Quote from chicagodon:

Are you locking anything in AH as sle suggested?

No ...... his suggestion was when GOOG was at $939. GOOG is now at $960. In the past I have noticed that it is more likely that the stock will continue moving up after a good earnings report.

 

[Took2Summit]

Quote from FXforex:

This could go up another $20.00 to $980 by the time the market opens on Friday, and then a steady climb up another $5.00 to $985.00 by market close. Will update when I sell.

bro you bought 1 call and will make $2500..a call is nothing without conviction. unless your entire account is $10000 YOU are the biggest loser here because you had the right call, and even put a lottery type trade on, made 10-1 on your money and only make $2500...I would hate to be you.

 

[FXforex]

Quote from Took2Summit:
bro you bought 1 call and will make $2500

I will make $2500?

So far I haven't made anything, it could be more and it could be nothing. It depends on how GOOG moves tomorrow.

 

[NoDoji]

Quote from chicagodon:

Are you locking anything in AH as sle suggested?

Stock options trade after hours?

 

[Trader.Fighter]

Quote from NoDoji:

Stock options trade after hours?

For limited time they do.