what's up with APKT in AH? I saw the report 0.26 with 83m revenue and that's against a low ball estimate of 0.28 with 85m revenue. Still, no trading in AH, odd or are we just waiting for computer to reset the bid/ask down -5pts. I didn't see guidance for current quarter too so I take it traders will be jumping out of this boat.
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My option trades
- Thread starter ryanpatrick
- Start date
Quote from ryanpatrick:
what's up with APKT in AH? I saw the report 0.26 with 83m revenue and that's against a low ball estimate of 0.28 with 85m revenue. Still, no trading in AH, odd or are we just waiting for computer to reset the bid/ask down -5pts. I didn't see guidance for current quarter too so I take it traders will be jumping out of this boat.
probably halted for a little bit. They halted AAPL and GMCR after they reported too. just give it a few mins.
btw, loved how those qcom calls played out.. effin a haha .
annnd there we have it! did you have the 27.5 puts or the 30's?
Quote from jeffalvinson:
Ryan,
Your ability to emotionally handle those losses is the difference between an overly cautious trader and a good trader.
That courage is what made it possibly to turn $1,700 into
$6K or $7K in a month! That's totally amazing!
One interesting thing you might look at to help limit losses on
losing trades:
Look at the draw-down (-20%....-30%...-40%...-50%...etc..)
of only "winning trades" (not losing trades).
Here's how I use that info:
What if you see a pattern that says, "of all the winning trades, not one ever dropped below -36% before rebounding and going on to produce an executable profit?"
That would mean you could reasonably run a -40% stop on your trades, which would prevent further loss.
I check this kind of data constantly with my system of trading SPY options and even through all the volatility since Sept-2011,
no winning trade has ever had a drawdown greater than -23%.
Therefore I am using a -25% simple stop.
Jeff
Even if the trade goes > -40%, its possible that 30% of such trades will come back to -28% (let us say) next day, so a better strategy might be to close at this pop next day to get an average loss of -28% rather than -40%.
Have you researched above? Curious ! Thanks
Quote from ForexForex:
One solution to lock in profits during AH is to sell short 100 shares for each call option.
forex that seems like a really good idea, in my head it adds up. so when you have puts and it goes down buy long to insure you're covered on the way up if it doesn't give you a good price after the open. the put will cover you on the way down, and the long shares cover you on a bounce..
Quote from TraderBoy23:
annnd there we have it! did you have the 27.5 puts or the 30's?
weekly 30 strikes at 1.60, freaking apkt started rallying towards end of day and dropped those puts to 1.40. Who the heck was buying into earnings? Must be pig slaughtering time of the week. I could have understood the rally if there were no preannouncement, but apkt clearly told everyone that earnings were looking bad about 3 weeks ago. Oh well, I only grabbed 3 contracts so small profit tomorrow. I'll be watching for EL at 8AM tomorrow too.
Quote from TraderBoy23:
probably halted for a little bit. They halted AAPL and GMCR after they reported too. just give it a few mins.
btw, loved how those qcom calls played out.. effin a haha .
Yeah, but I expected it....here's some of the history I have on QCOM...
back in jan 26, 11 it traded to +6.0% intraday closed at 5.9% and went as high as 14% before expiration.
In April 20, 11 it traded as high as 4.3%, closed at 3% and went as high as 5.8% before expiration.
In July 20, 11 it went down -2.5% intraday, closed at 0.7%, and then dropped as low as -18.8% before expiration.
Last quarter, qcom traded +9% intraday, closed at +7%, and went on to a high of +11% before expiration.
I'm not saying its guarantee, but I like my odds that QCOM breaks above its 61.95 high before the feb options expire. So far, the data today would show intraday high at +4%, closed at +2%. If it followed last April, then I'd say 62.50-63 is where we should see it before expiration, and that's fine with me.
Quote from ryanpatrick:
Yeah, but I expected it....here's some of the history I have on QCOM...
back in jan 26, 11 it traded to +6.0% intraday closed at 5.9% and went as high as 14% before expiration.
In April 20, 11 it traded as high as 4.3%, closed at 3% and went as high as 5.8% before expiration.
In July 20, 11 it went down -2.5% intraday, closed at 0.7%, and then dropped as low as -18.8% before expiration.
Last quarter, qcom traded +9% intraday, closed at +7%, and went on to a high of +11% before expiration.
I'm not saying its guarantee, but I like my odds that QCOM breaks above its 61.95 high before the feb options expire. So far, the data today would show intraday high at +4%, closed at +2%. If it followed last April, then I'd say 62.50-63 is where we should see it before expiration, and that's fine with me.
good checking. Let's hope you're right, for both of us.