My option trades

Quote from ForexForex:

My recommendation is $3000+ on AAPL puts, 3 strikes OTM. Earnings is on January 24, so a good time to buy is Jan 24 3:45pm EST. You should reach your target of $18,000 on this one trade. Good luck.


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I was just joking with that post. :D I obviously wasn't serious. :)
 
Quote from ryanpatrick:

NICE, let me know how that one turns out....

I also added 2 PII 65 calls at $1.55....my trades are all front month and even weeklys where possible. I like PII now after reviewing HOG's results....the off road and two wheeler trade might work well this time around. I did get burn buying PII shares last time around.

Also have 3 tpx feb 65 calls at 2.50 and 2 IBM feb 190 call at 3.25....about $1900 in cash left.
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looks like you are going to ring the register - bravo

where do you find the underlyings to trade - where do you look for upcoming earnings?

TY
 
Quote from ForexForex:

I was just joking with that post. :D I obviously wasn't serious. :)
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Imagine if you'd said to buy calls lol.....think about those 435 calls at $4, you're talking $15-$20 tomorrow, and $18000 from a $3000 investment lol.....Maybe I should have done that, hit my target go to sleep for the rest of the year and wait for AAPL again next January :D

I need a strong report from PII tomorrow too...winner winner is what I want to see....I'm looking ahead to trades into BRCM and CRUS too....

As for AAPL, this after hours trade looks familiar. I think it was about 3 quarters ago where AAPL gaps up, trades lower over the next few days, I'd say it test $430 again, then boom breaks above $455 and doesn't look back. Wonder if it'll play out like that again.
 
Well, putting my theory to work....if I'm right, AAPL should be around $435-$440 by Friday. Bought 2 AAPL Jan 28 $445 puts at $2.14....Small position, just to test it out. Already made $700 in TPX, so that's the profits I'll be risking.
 
Quote from probe1957:

It looks like you're going to do okay on that trade.
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Funny thing was I kept wondering why PII is down....I figured I have 20 days to find out why PII won't move higher even after a very good report. Went out to grab breakfast, and here it is PII trading at $64. I bought at $1.55, so barely any gains on the trade, but not bad...My IBM call experience is a loser today, but other than that I'll start looking at closing out TPX now, and keep a close eye on AAPL puts.
 
Out of the TPX and PII positions gain on tpx and small loss on PII with net at $550. About $2377 in net profit so far this year. It's going to be a long year.
 
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