My option trades

newwurldmn · May 15, 2012

Quote from sle:

Most probably more sellers then buyers. There could be other reasons, but this one is the most plausible.

My sources are saying fewer buyers than sellers.

qqqoptions · May 16, 2012

Quote from qqqoptions:

FYI

FaceBook (FB) this Friday, options probally within a few weeks. In the mean time SOCL could be interesting to buy options on. My recommendation is: Buy SOCL Jun 2012 15.00 calls @ $0.70 sometime this week before FB's IPO.

http://finance.yahoo.com/q?s=SOCL120616C00015000
CAUTION: The above trade is extremely speculative.

"Facebook boosts IPO size by 25 percent, could top $16 billion"

SOCL in my opinion is the only way to take advantage of the FB IPO early in the game. I still recommend the trade I posted a few days ago. This Friday FB starts trading.

babutime · May 16, 2012

Quote from qqqoptions:

"Facebook boosts IPO size by 25 percent, could top $16 billion"

SOCL in my opinion is the only way to take advantage of the FB IPO early in the game. I still recommend the trade I posted a few days ago. This Friday FB starts trading.

Recommend?

Since when did you start an advisory service? Or does your advisory recommend watch-lists only?

probe1957 · May 16, 2012

Quote from babutime:

Recommend?

Since when did you start an advisory service? Or does your advisory recommend watch-lists only?

Now be fair babu. It is only a watchlist if the trade goes bad.

newwurldmn · May 16, 2012

Quote from probe1957:

Now be fair babu. It is only a watchlist if the trade goes bad.

Or he can change the post if it goes bad fast enough.

Remember, he puts the ELITE in elitetrader.

probe1957 · May 16, 2012

Quote from newwurldmn:

Or he can change the post if it goes bad fast enough.

Remember, he puts the ELITE in elitetrader.

Oh yeah, he has lots of options if the trade goes bad. He can change a call to a put. Change a put to a call. Change a buy to a sell. Change a sell to a buy. Or there is the old watch list thing.

What a tool.

babutime · May 16, 2012

Bought GRPN underlying at 12.70ish average as a hedge against my butterfly (11/12/13)

If it falls below 12.00 ill lose though...

newwurldmn · May 16, 2012

Quote from probe1957:

Oh yeah, he has lots of options if the trade goes bad. He can change a call to a put. Change a put to a call. Change a buy to a sell. Change a sell to a buy. Or there is the old watch list thing.

What a tool.

Don't forget that he can change his nickname as well.

ursofos · May 16, 2012

Quote from atticus:

Not to belabor AAPL, but I am long the 60/70/80/90 condor from 3.00 risk and it's still sitting at 3.50. The May18 vols are ridiculous.

If you're not in that then you should be. It will be at 5.00 by Monday's close. I would go up to 10% of account on this one.

can atticus or anyone here update a newbie option trader on the results of these trades?

loss, gain , etc?

Don Bright · May 16, 2012

Quote from ursofos:

can atticus or anyone here update a newbie option trader on the results of these trades?

loss, gain , etc?

Well, the stock is $552. That should pretty much cover it, right?

All the best,

Don