My Options Play

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Quote from cnms2:

http://www.elitetrader.com/vb/showthread.php?s=&postid=879941#post879941

I mentioned it. I didn't enter because AAPL gapped down on 10/27 going through my limit order, and I never chase orders. If I entered I should've been ok, because I wanted to enter at $57 with a $3 trailing stop, which meant $60. As the 10/28 low was $54.17, my stop would've been $57.17. I wanted to open the Nov 60 Put for $3.8 and I didn't get filled.

This proves that money management (sizing and exits) could save / protect your butt when you're wrong.
:)
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it is very hard to figure how AAPL keeps trading higher -- particularly like today- after its lukewarm earnings - frankly I'd keep an eye on it for a golden short opportunity -maybe look for a sweet reversal on decent volume.

also -- check out front month open interest to get a potential read on where it might head as we clsoe in on Nov expiry

I am going to put it on radar - particulalry if/when it breaches 60 level.

Only thing is -- in Q4 -- its hard for me to think AAPL will sell off hard. But you know what they say about opinions & arse-h-les.

Also that brings to mind a scene when (in Patton) George C. Scott's concerned about the Germans' plans-- and how they NEVER mounted a Winter attack before in their History-- he then says:

"so I think that is exactly what they will do"!

Whenever I think something is highly improbable or even borderline 'imposible' in these markets or with a particular equity- I always think about the movie 'Patton' --- and that quote !

iCe
:cool:
 
Multioption, if you have hold the BBY calls like you did with PEET calls, you wouldn't incur the $3k+ loss. Why would you hold the calls for PEET even it was down $1.5 from your entry price, but not the BBY calls?
 
Quote from novel20:

Multioption, if you have hold the BBY calls like you did with PEET calls, you wouldn't incur the $3k+ loss. Why would you hold the calls for PEET even it was down $1.5 from your entry price, but not the BBY calls?
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I saw that question coming! Lo, I have no regrets for cutting my losses on BBY; why? The stock dropped from ITM to OTM territory and I had already paid more than necessary on time, so the most logical thing to do was to cut losses as opposed to expecting BBY to rally. I knew it would come back but I couldn't allow myself to wait till Nov expiration to recover $1.80.

I think I will hit my goal before December ending. My trading approach for the 10K account has been fine tuned!

I'll update!

Edit: Peet did not drop below 30 (OTM territory)
 
hope you guys took positions in QCOM

I suggested buying Jan premium (in hindsight November maybe was better choice)

lucked out --- was able to sell more Nov 40p on spike down right after earnings release when it traded back to <39 - to spread with my January 37.50p (at least - I "think" I lucked out )

:eek: -- :D :D


Not too F*&^^%$ng wild

Look for 43 on Qcom

had you guys bought calls when it was 39 area - you are now up 3+ -- and you heard it all on this thread (for free) !

if "they" fill gap - then it's up for grabs as far as price going forward -who knows maybe it 'still' trades down to 36-37 to resolve that open gap on its' chart... but like the character in the movie "Gladiator" said to Maximus:

"but-- not yet" ??
 
Quote from iceman1:

hope you guys took positions in QCOM

I suggested buying Jan premium (in hindsight November maybe was better choice)

lucked out --- was able to sell more Nov 40p on spike down right after earnings release when it traded back to <39 - to spread with my January 37.50p (at least - I "think" I lucked out )

:eek: -- :D :D


Not too F*&^^%$ wild

Look for 43 on Qcom

had you guys bought calls when it was 39 area - you are now up 3+ -- and you heard it all on this thread (for free) !
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lol. You will make money running susbcription service!:)
 
Cool thread

I havent had time to read it all, can someone bring me up to speed how are you doing for your 100k goal?

Any open positions.

Thanks!
 
Quote from iceman1:



Also put this on radar screen for a long entry:

QCOM

I believe it has reached its measuring objective coming out an apparent DT (although 38 is not out of question -- and there is open gap to 36). But to trade lower from here would mean closing below it's 200 day ema. It could happen to shakeout players but I beleive it could/would be met with a key reversal.

In the next few days I believe buying Jan premium would be indicated although IV is up (but mostly on the front month). There is still some downside risk but I think <$40 will attract buying interest soon, being that its Q4 and QCOM's decline is/was news driven, and expiry is nearing.

I expect (hunch) broker upgrade to hit news wire soon on QCOM saying all this euro complaining is sour grapes, and stating QCOM is a trading buy and/or LT buy with target of 50.

Also I plan on selling premium the Nov 40p and have not decided if I will spread with a Jan 40p or 37.50.

I am starting an options Journal this week, either here or on the "Journal" forum, rather than tie up multi_options thread.
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lucky call -

now -- watch for potential broker (sheep) upgrades on QCOM as I opinied in above post -- last week -- when I sugested looking into QCOM long

stock still has a battle going on

b.t.w

notice volume on QCOM front 40c = 17K (open interest at open of around 14-15K as I recall)
 
Quote from Samson77:

Cool thread

I havent had time to read it all, can someone bring me up to speed how are you doing for your 100k goal?

Any open positions.

Thanks!
More...
I'm up a little above 20K! New position is likely to be initiated tomorrow!
 
Quote from iceman1:

hope you guys took positions in QCOM

I suggested buying Jan premium (in hindsight November maybe was better choice)

lucked out --- was able to sell more Nov 40p on spike down right after earnings release when it traded back to <39 - to spread with my January 37.50p (at least - I "think" I lucked out )

:eek: -- :D :D


Not too F*&^^%$ng wild

Look for 43 on Qcom

had you guys bought calls when it was 39 area - you are now up 3+ -- and you heard it all on this thread (for free) !

if "they" fill gap - then it's up for grabs as far as price going forward -who knows maybe it 'still' trades down to 36-37 to resolve that open gap on its' chart... but like the character in the movie "Gladiator" said to Maximus:

"but-- not yet" ??
More...

hit 42.50 in AH
 
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