Have may skew as well.
Was short gamma going into today. Was flat gamma at 620ish and bought some more may downside gamma.
Will be out on expiry as i think that flat skew makes sense into earnings - but not on a normal day.
Only Apple
- Thread starter short4bread
- Start date
Have may skew as well.
Was short gamma going into today. Was flat gamma at 620ish and bought some more may downside gamma.
Will be out on expiry as i think that flat skew makes sense into earnings - but not on a normal day.
I don't quite understand all the terminology/jargon being used in this thread either, but I know an uptrend in a HOT stock when I see it.
ALL the funds have to own this stock NOW, and are still pouring in the money.
I've been selling Puts since AAPL was at 404.37 on 12/29/11, and plan to keep doing so.
700+ by the end of the year seems realistic enough to me, assuming the Earnings Reports are good.
ALL the funds have to own this stock NOW, and are still pouring in the money.
I've been selling Puts since AAPL was at 404.37 on 12/29/11, and plan to keep doing so.
700+ by the end of the year seems realistic enough to me, assuming the Earnings Reports are good.
Be real care with this strategy. If the stock drops and those puts go up in value by 300%, you'll go belly up.Quote from cactiman:
I don't quite understand all the terminology/jargon being used in this thread either, but I know an uptrend in a HOT stock when I see it.
ALL the funds have to own this stock NOW, and are still pouring in the money.
I've been selling Puts since AAPL was at 404.37 on 12/29/11, and plan to keep doing so.
700+ by the end of the year seems realistic enough to me, assuming the Earnings Reports are good.
I like it how everytime someone sells a put someone makes this comment.
However, in the case of AAPL, I think the guy would have made money money owning stock in the same delta he had originally traded.
Sorry, didn't mean to mislead. Those weren't Naked Puts! How much money would you need for margin? Ahhhhh!
They're all Credit Spreads, expiring every month from July 2012-January 2013. Just keep adding to the pile as AAPL rises.
The furthest one out is a 660/655, all the others are 625/620 down to 405/400.
AAPL might go sideways for a while, likes it's done in the past, but I really can't see it reversing anytime soon.
Still, I don't like trying to predict the future. If the Trend gets broken, will just have to reassess and make the necessary changes.
They're all Credit Spreads, expiring every month from July 2012-January 2013. Just keep adding to the pile as AAPL rises.
The furthest one out is a 660/655, all the others are 625/620 down to 405/400.
AAPL might go sideways for a while, likes it's done in the past, but I really can't see it reversing anytime soon.
Still, I don't like trying to predict the future. If the Trend gets broken, will just have to reassess and make the necessary changes.
Sure, you'll make money 95% of the time, but the other 5% is enough to wipe you out!