My OPTION TRADES..... part 2

newwurldmn · Sep 4, 2012

Quote from diaoptions:

660/670/680?

AAPL will more than likely be past $680 this week, maybe even hit $700. Run up to earnings in October.

I like the depth of your analysis here. Very substantive.

diaoptions · Sep 4, 2012

Quote from newwurldmn:

I like the depth of your analysis here. Very substantive.

I like to keep my posts to the point. No filler.

atticus · Sep 4, 2012

Quote from diaoptions:

660/670/680?

AAPL will more than likely be past $680 this week, maybe even hit $700. Run up to earnings in October.

F*ck, I should have bought more.

Put_Master · Sep 4, 2012

Keep your eye on CAT.
If it gets closer to $80 this week, may be worth considering a trade in the low 70's.

Same with JOY.
If it gets closer to $50 this week, may be worth a trade in the low $40's.

traderlux · Sep 4, 2012

Quote from atticus:

F*ck, I should have bought more.

you need to check with diaoppy before you put on your trades......

atticus · Sep 4, 2012

Quote from traderlux:

you need to check with diaoppy before you put on your trades......

I'll put his number at the top of my speed dial .

Fly is worth 3.20 by tomorrows close. Looking for 3.75 by Thursday close.

diaoptions · Sep 4, 2012

Quote from Put_Master:

Keep your eye on CAT.
If it gets closer to $80 this week, may be worth considering a trade in the low 70's.

Same with JOY.
If it gets closer to $50 this week, may be worth a trade in the low $40's.

You are making the same mistake as the original "My Option Trades" author ryanpatrick. Your list of options is too long, narrow it down to 5 or 6.

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diaoptions has spoken

Put_Master · Sep 4, 2012

Quote from Put_Master:

Hope to sell a $25 put on CNX this week, if/when CNX tests $30.
Just waiting for the credit I desire.
My main concern with the company is it's level of debt.
It's borderline excessive.
The "interest coverage" of it's debt is acceptable,... but I generally want more than merely "acceptable".

These debt type issues are not generally a concern for the option trader. But since I'm going in naked (unhedged), there is always the possibility of owning the company long for a period of time.
Thus, "recovery potential" is something I like to consider BEFORE I initiate any trade.... as excessive debt can stall a stocks recovery.
While the CNX debt exposure is not excessive. It's also not much better than merely acceptable.

On the other hand, given that my BE price for CNX would be under $25,... my chances for recovery from a sig drop, would be very high. And I'm please to say, the stock would also pay a dividend of slightly over 2 % based on my price of ownership.

I actually ended up selling an Oct $24 put at the open today.
Credit $0.40
Annualized % return.... 13%
If I had waited I would have gotten more. Big drop in sector today.
Going out.
Later.

sellindexvol66 · Sep 4, 2012

Quote from Put_Master:

I actually ended up selling an Oct $24 put at the open today.
Credit $.040
Annualized % return.... 13%
If I had waited I would have gotten more. Big drop in sector today.
Going out.
Later.

dude PM,

all you do is sell puts ?

if so , u must have very deep pockets. have you ever been in a DD?

ever consider flies or back spreads..yada yada?

diaoptions · Sep 4, 2012

Quote from sellindexvol66:

dude PM,

all you do is sell puts ?

if so , u must have very deep pockets. have you ever been in a DD?

ever consider flies or back spreads..yada yada?

You don't need "deep pockets" to sell $24.00 puts. Give your head a shake.