Short AAPL $620 I got 'em

Quote from newwurldmn:

think you might be right...

professional trader. says he's short half his account. it's a 5k account (unless you live in a village in india... and even then you would have to be a street child).

doesn't specify upfront that he's shorting through puts...
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Yeah, half an account in a short does not equal 40D in a long put. If he's smart (big if) he'll take the money as source of funds for something reasonable.

In reality he's at 20% exposure and it looks sim to me from the tape.

Regardless, his target in the mid-500s is silly. It's not going to trade under $595 prior to earnings. He's paying 700-800 over post-report vol to short some deltas.

PCLN is the short. Massive run up and will be taken down in sympathy if AAPL misses and no report premium.
 
Ur on the wrong side. This market is gonna come down fast, I wanted to short gold too, i couldn't pull the trigger a day ago or monday. I was waiting for a decent pop today to sell, maybe ill get it tomarrow or fri. Golds done, next stop $1250
 
Quote from Uncle_Ho:

I'm a trader, I trade price not earnings report. I'll take the trade off whenever the fuck I want to unwind. Sometimes I gamble on earnings reports. One time I bought a bunch of GOOG calls before earnings a couple years ago OTM options. 20k turned into about 225k. I gave it back over the following 6mo.

Do you want me to post every trade ive ever made with every lot ive ever traded? Stop being a bitch, I made the trade who cares if it was for $2,500 or 25k or 250k. I guess size matters huh?
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You're not a trader with only a $10,000 account.....you're a trader wannabe otherwise known as a piker...


I'm beginning to believe that maybe EMG is right

small traders lose...they just lose..
 
Quote from Uncle_Ho:

I'll let you know where I exit, I see prices trading 550-570 next month in a broad market semi-correction.

I havent touched AAPL since it was a bit above $200.

I'm a trader, not an investor.

Half of my cash on hand is on this, 1st and only entry short about $619
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worthless and to risky... ther are enough other chances to make money.


"Half of my cash on hand is on this,"

lol no risk and money management ???
 
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