My Options Play

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"12-08-05 06:34 PM
b.t.w tomorrow I plan on maybe adding some AAPL puts- maybe the Jan 75p or perhaps Dec 75p - as I am almost certain AAPL is going lower into next week's expiry with a st target of <71."



damn- down $4+ ---- :D :D :D :D :D

and I was "almost certain" AAPL is going lower into next weeks expiry. Guess I read O/i correctly.

Voila!

keep an eye on ANF and PD over next couple-three weeks for a home run short---

right now I'm sitting here nursing short VLO Dec 110c- will they expire @ -0- ? I may sell some Dec 110p - buy Jan
 
Quote from iceman1:



12-09-05 11:00 AM

p.s. remember I said to keep an eye on PD for a great short trade entry - all coming soon to a theatre nearby- I am looking to enter the 150/145 or 140p next week depending on how expiration shakes out !
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PD
- $6.9

anyone get in on any of this red meat? I decided to wait until after expiration as I have many front month positions expiring tomorrow/Friday. Kinda wish I got in on some of this - when I posted- as I was 'sure' it was heading lower this week--

but we will have another opportunity.

Ice
:cool:
 
Call me Crazy. I did it - I bot Sbux Dec 32 1/2 Puts at .93. Stock at 31.60)

Guess I think thet SBUX looks a little overbot here. Since it is a two day trade, I will exit if it starts to move outside of todays high.
 
Quote from wabrew:

Call me Crazy. I did it - I bot Sbux Dec 32 1/2 Puts at .93. Stock at 31.60)

Guess I think thet SBUX looks a little overbot here. Since it is a two day trade, I will exit if it starts to move outside of todays high.
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what is the 'plan' - "make as much as I can?"

Or-- is there a reason for buying that strike---- such as --- SBUX is heading to <30 so puts will ltrade at >2.50

and if so- is the R/R worth it with 2 days to go?
 
Quote from iceman1:

what is the 'plan' - "make as much as I can?"

Like I said - call me crazy - If Sbux goes up $1.00 I think the put will sell for .40 (even with only 1 day left to expire - on the other hand - if it Goes down 1 point the put shjould sell for 1.80.

So... my read is that the r/r ratio is about 70/30.

What is really bothering me now is that the stk is trying to move up now...so... I may not wait till tomorrow

whoops .64 bid 66 asked on stk
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Quote from wabrew:

Quote from iceman1:

what is the 'plan' - "make as much as I can?"

Like I said - call me crazy - If Sbux goes up $1.00 I think the put will sell for .40 (even with only 1 day left to expire - on the other hand - if it Goes down 1 point the put shjould sell for 1.80.

So... my read is that the r/r ratio is about 70/30.

What is really bothering me now is that the stk is trying to move up now...so... I may not wait till tomorrow

whoops .64 bid 66 asked on stk
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did u buy or sell the puts? IF you sold them- I think you may be aok. Check out the open interest @

cboe.comhttp://www.cboe.com/DelayedQuote/QuoteTable.aspx

it is possible they close (pin) SBUX at 32.50 -

19K puts/15K calls @32.50
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Quote from iceman1:

did u buy or sell the puts? IF you sold them- I think you may be aok. Check out the open interest @

cboe.comhttp://www.cboe.com/DelayedQuote/QuoteTable.aspx

it is possible they close (pin) SBUX at 32.50 -

19K puts/15K calls @32.50
More...

I am wrong- only 19o0 puts
 
Quote from iceman1:

did u buy or sell the puts? IF you sold them- I think you may be aok. Check out the open interest @

cboe.comhttp://www.cboe.com/DelayedQuote/QuoteTable.aspx

it is possible they close (pin) SBUX at 32.50 -

19K puts/15K calls @32.50
More...

I am wrong- only 2600 puts,8400 calls
 
No - I bought them - I would never sell options with no premium.

You talked about pin at strike of 32 1/2 -- why not a pin at 30????
 
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