Should I panic about my short position on Apple calls?

crazyAtrader · Jan 25, 2012

You should panic yes.

You are no trader, you are a gambler.

No self respected trader trades unlimited risk plays during earnings, it's just plain idiotic.

Crazy A

tenthousandmen · Jan 25, 2012

90 calls...

You should of bought Captain MM a Ferrari gift certificate instead. Much less time and effort.

Nine_Ender · Jan 25, 2012

Quote from probe1957:

What is your concern? You sold a strike that is way OTM with a delta of 16. It seems to me like you are okay for now anyway.

Options "way OTM" on a high beta stock still have value. He's probably losing a shitload of money on his trade, even with the drop in implied volatility. If this were a real trade ( and I seriously doubt it was, the guy seems oblivious to rules concerning options ), he'd be getting a margin call and depending on his financial statis possibly losing his home and worldly possessions. They could take everything.

shopster · Jan 25, 2012

a retail naked short trade.

bend over and kiss it goodbye.

i luv this stuff.............

s

bwolinsky · Jan 25, 2012

It'll probably make $470 per share before February 18th.

Why would you pay for theta when the January's were a lot more likely to expire worthless?

I own AAPL.

Shorting any call option is never a safe play in any circumstances.

spindr0 · Jan 25, 2012

Quote from TheGoonior:

Don't waste your time looking for "experts" to talk to. The only one who has a vested interest in your position is you and you really need to educate yourself. How else will you know if the advice you're getting is worth the paper it's printed on?

+1

spindr0 · Jan 25, 2012

Quote from bwolinsky:

Shorting any call option is never a safe play in any circumstances.

SHEER NONSENSE

bwolinsky · Jan 25, 2012

Quote from spindr0:

SHEER NONSENSE

Whatever. The potential for infinite loss should be a deterrent anytime the strike is within 20% of the underlying.

Again, there was nothing safe about that, and shorting the near term options may not have paid as well, but on the same size would have made about the same profit in terms of dollar value on the trade.

bc1 · Jan 25, 2012

Quote from newwurldmn:

TROLL thread.

+1 You called it right.

26 replies offering advice and help and we don't ever hear from this bearman again in over a day. A real slap in the face.

jo0477 · Jan 25, 2012

Quote from bc1:

+1 You called it right.

26 replies offering advice and help and we don't ever hear from this bearman again in over a day. A real slap in the face.

Yep, gotta be trollin' since he hasn't even posted his entry... Either that or old bearman is in the garage with the car running