My option trades

Quote from atticus:

Comms are a significant % of that credit.
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I pay a negotiated commission of $7.95 plus $0.25 per contract at Schwab.
I did 28 contracts.
Pretty reasonable.
 
I am not a big player like some of you guys and I am still learning so I trade small.

Sold a single put contract. Aug expiration. 20 strike. NAV. Got a credit of 90 cents.
 
Quote from probe1957:

I am not a big player like some of you guys and I am still learning so I trade small.

Sold a single put contract. Aug expiration. 20 strike. NAV. Got a credit of 90 cents.
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While I can kind of see why you made the investment from a technical point of view, just be aware the companies fundamentals are bad.... really bad.
Frankly, I don't understand why Carl Ican and some insiders are buying.
But that is a very positive sign.
Again, I understand why the 20 strike was selected. And I am tempted myself from a technical point of view and the insider buying perspective.
But the fundamentals are so horrible, that I'm just too nervous about some addition negative news item coming out and dropping the stock significantly.
However, on a positive note, it's only a 5 week risk.
Just my 2 cents for the purpose of discussion.
Thanks for sharing your trade.
 
I agree, the fundamentals are horrible. But it is a short term, technical trade so I don't much care about that. That said, I certainly don't want to be assigned on this POS. But look how long it has been since NAV has been below $20. I feel pretty good about this one.
 
AMZN

reports on July 18. Large gap from last earnings. I like the company and see it >300 by January 2013. However I have a gut feeling that we might see an island reversal.

Just wondering if anyone is playing AMZN.

If Ryan was still here I'd be curious what his research shows about AMZN's 3Q price post-earnings.
 
Quote from iceman1:

AMZN

reports on July 18. Large gap from last earnings. I like the company and see it >300 by January 2013. However I have a gut feeling that we might see an island reversal.

Just wondering if anyone is playing AMZN.

If Ryan was still here I'd be curious what his research shows about AMZN's 3Q price post-earnings.
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I have a fly to 225 that is long too many deltas currently, but it's in July expiry. I haven't seen any earnings plays that stick out to me yet. Perhaps a short calendar, but I haven't researched it yet. I am overall bullish on the longer term prospects of the stock though.
 
Quote from Doobs789:

I have a fly to 225 that is long too many deltas currently, but it's in July expiry. I haven't seen any earnings plays that stick out to me yet. Perhaps a short calendar, but I haven't researched it yet. I am overall bullish on the longer term prospects of the stock though.
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220/225/230 fly?

I just turned my fly into a credit spread and then took profits and now have

220/215c

and

-215p
 
Quote from iceman1:

220/225/230 fly?

I just turned my fly into a credit spread and then took profits and now have

220/215c

and

-215p
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It's a 205/225/245 Fly that I have has on for a few weeks now. It was showing some good profits before the latest market dip. Should have closed it out earlier. Still bullish on the stock though.
 
Sold naked puts on $17.5 WMS for August.
Credit $0.30
I tried geting $0.35, but didn't get filled.
Annualized % return on the trade.... 17%

Stocks fundamentals are mixed, but overall reasonable.
Tech support at or above my strike is also reasonable.
I probably should have waited for the stock to drop a bit more and perhaps test 19, but I wouldn't get much more credit for it, and thus not worth the risk of missing the trade, or losing a weeks time decay over an extra $0.05
The L-T downside risk I see is about $16, and a covered call would take care of that issue.

I live in Vegas.
While I don't gamble, I do study the slot and poker machines from various companies.
I like the WMS machines.
I also like IGT. But still waiting for stock to drop more before getting back into it.
 
Quote from Put_Master:

I live in Vegas.
While I don't gamble, I do study the slot and poker machines from various companies.
I like the WMS machines.
I also like IGT. But still waiting for stock to drop more before getting back into it.
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Can I ask you a OT question.

How long a drive would it be from Vegas to Zion National Park in Utah? We're going to Vegas in Mid-September.
 
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