Should I panic about my short position on Apple calls?

Quote from Nine_Ender:

I was referring to this post :



I'm not sure why "Jan" was chosen in this post, but it fooled me.
Wouldn't have changed my recommendation to exit the position though, especially because the gain/loss might have been fairly negligible at the time.
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Yeah, which has nothing to do with the OP nor the timestamp thereof. So all of your crack analysis for naught. You're a fooking genius. Look up "historical quotes".
 
Quote from Nine_Ender:

( Should be Feb 18s ??? )
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Feb12 = February 2012. My quote system for monthlies assumes 3rd friday of each month expiration day.

This is truly amazing. I can not recall in quite some time when a stock has made a steady non-stop rise like this over the course of less than 21 days or so.

The Feb $470's have now gone from under $2 since inception post of this thread to upper $46 range. I hope someone on here made some money off this run because I sure as heck did not.
 
Quote from stevebearman:

I thought I was playing it safe when I sold 90 Feb. 2012 Apple calls at 470 strike price. Apple announced earnings today, and its stock rose from 420 to 450 in after hours trading. What are the possible approaches?

If I want to speak with an expert and get their advice, who would you recommend? How do I even find people to talk to online?

Thanks in advance!
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NOW! NOW! Now is the time to panic!
:D
 
only 3 pennies of extrinsic. so it will trade at parity real soon?

I guess he will might get assigned tonight or probably thursday night.

Oh well time to panic now.
 
Quote from noob_trad3r:

only 3 pennies of extrinsic. so it will trade at parity real soon?

I guess he will might get assigned tonight or probably thursday night.

Oh well time to panic now.
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Ugh, the puts are 5x9 cents. A better indication of the probability than attempting to price the calls against the stock.
 
Quote from atticus:

Ugh, the puts are 5x9 cents. A better indication of the probability than attempting to price the calls against the stock.
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3 cents today. but it shows theta of -04

for the call.

so do you think he still has some hope of no assignment from the last nickel still being time value?

if thats the case anything could still happen and AAPL could be under 470 thursday.

ie WWIII etc..
 
Quote from noob_trad3r:

3 cents today. but it shows theta of -04

for the call.

so do you think he still has some hope of no assignment from the last nickel still being time value?

if thats the case anything could still happen and AAPL could be under 470 thursday.

ie WWIII etc..
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If the market in the call is discounted then it will be assigned. My point was that it's silly to calc extrinsic value against the 470C... use the put.
 
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