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  • #3,021
  • Feb 19, 2014 3:02pm Feb 19, 2014 3:02pm
TSLA kasploding upside AH, I could never get up the nerve to get anything on it....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,022
  • Feb 19, 2014 3:09pm Feb 19, 2014 3:09pm
Quoting The Fool
TSLA kasploding upside AH, I could never get up the nerve to get anything on it....
Hey TF - Yeah, I'm currently watching AH price. Jumping higher (currently 211.50) and I also didn't have the b*lls to put anything on either!

http://www.cnbc.com/id/101428802
  • #3,023
  • Feb 19, 2014 3:10pm Feb 19, 2014 3:10pm
Quoting Cecil Gee
{quote} I decided to take VXX for a long $43.50 call for Fridays expiration. VXX
woohoo $0.29 finishes at $1.50 prolly go $2.00+ tomorrow, good 1 CG
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,024
  • Feb 19, 2014 3:11pm Feb 19, 2014 3:11pm
Quoting njr
{quote} Hey TF - Yeah, I'm currently watching AH price. Jumping higher (currently 211.50) and I also didn't have the b*lls to put anything on either! http://www.cnbc.com/id/101428802
Make that 214.5 and moving higher - Wow!!! Happy I sat on the sideline for this one....
  • #3,025
  • Feb 19, 2014 3:13pm Feb 19, 2014 3:13pm
Quoting njr
{quote} Hey TF - Yeah, I'm currently watching AH price. Jumping higher (currently 211.50) and I also didn't have the b*lls to put anything on either! http://www.cnbc.com/id/101428802
Nothing wrong with being cautious when caution is due.

...but fortune favors the bold, I've heard it said....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,026
  • Feb 19, 2014 3:34pm Feb 19, 2014 3:34pm
I only made money trading bull put spreads on TSLA in the last year, maybe what I will do after the earnings fireworks.

Still have not made a single trade this week. Will probably get in a HPQ strangle b4 the bell tomorrow, will look for 2/22 $28/$31 for $0.90.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,027
  • Feb 19, 2014 3:38pm Feb 19, 2014 3:38pm
Quoting The Fool
{quote} woohoo $0.29 finishes at $1.50 prolly go $2.00+ tomorrow, good 1 CG
Thx
  • #3,028
  • Feb 19, 2014 3:46pm Feb 19, 2014 3:46pm
Quoting Cecil Gee
{quote} Thx
hope it holds up. the VIX options can be a wild ride.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,029
  • Feb 20, 2014 9:29am Feb 20, 2014 9:29am
New position:

SOLD FSLR Feb28'14 70 CALL (FSLR) @ 0.4

A little closer than I would prefer at the 70 strike which is about a 25% increase of the current price at 55.6
  • #3,030
  • Edited 6:47pm Feb 20, 2014 2:10pm | Edited 6:47pm
looking at a HPQ strangle, got 2/28 $28p for $0.40, looking at the 2/28 $32c for about the same. HPQ looking to pin @ $30.00 in the last hour. And I need a $4 move dammit.


...went $0.40/$0.42


...fml another dog!


...no movement AH! I really know how to pick em!


....up above $30.55 late, just need follow-through tomorrow....(!)....will likely need $31.50+ to break even...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,031
  • Feb 20, 2014 2:38pm Feb 20, 2014 2:38pm
I strangled CAT, 3/22 $92.50p/$105c, $0.52/$0.18, $0.70 net debit, looking for a little dip....CAT lt $97.10...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,032
  • Feb 21, 2014 11:12am Feb 21, 2014 11:12am
Quoting The Fool
looking at a HPQ strangle, got 2/28 $28p for $0.40, looking at the 2/28 $32c for about the same. HPQ looking to pin @ $30.00 in the last hour. And I need a $4 move dammit. ...went $0.40/$0.42 ...fml another dog! ...no movement AH! I really know how to pick em! ....up above $30.55 late, just need follow-through tomorrow....(!)....will likely need $31.50+ to break even...
what a total dog.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,033
  • Feb 21, 2014 11:19am Feb 21, 2014 11:19am
Quoting njr
New position: SOLD FSLR Feb28'14 70 CALL (FSLR) @ 0.4 A little closer than I would prefer at the 70 strike which is about a 25% increase of the current price at 55.6
Closed my position as follows:

BOUGHT FSLR Feb28'14 70 CALL (FSLR) @AMEX @ 0.3227
Profit = 0.075

Although the Options seem to be pricing in a decline post earning and various analyst also support this direction, I wasn't comfortable with my $70 strike being so close to current market price of $56.35. The 70 strike is only about 25% above current market price and based on previous earnings this stock has rocketed 23%, 27%, and 62%. It did tank after one earning by -12% but I'm not prepared to take a gamble on this happening; rather I'll play the probabilities.

Have a good weekend all!
  • #3,034
  • Feb 21, 2014 11:25am Feb 21, 2014 11:25am
Quoting The Fool
{quote} what a total dog.
Hey TF - Ouch, you've still got another week right (2/28?); so best of luck.....
  • #3,035
  • Feb 21, 2014 11:27am Feb 21, 2014 11:27am
Quoting njr
{quote} Hey TF - Ouch, you've still got another week right (2/28?); so best of luck.....
HP CEO views......

http://www.cnbc.com/id/101432982
  • #3,036
  • Feb 21, 2014 1:21pm Feb 21, 2014 1:21pm
Quoting njr
{quote} Hey TF - Ouch, you've still got another week right (2/28?); so best of luck.....
nah on these ER plays if you don't get the move past one of your strangle strikes within the first day you will get crushed by the iv collapse, this will likely be a total loss, as HPQ has not responded much to the ER. There's a chance it could drop another buck by early next week and I might get 20% of the strangle cost back, I suppose, but really a shit sandwich, same taste of shit I still have from CSCO strangle last week which did the same thing.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,037
  • Feb 21, 2014 2:19pm Feb 21, 2014 2:19pm
itchy, but not twitchy. My finger, that is. On the UNG put trigger. Looking for a run on $30 by early March and then a drop to <$25, maybe even near $20 by April-May....if I have any money left to trade....could be epic...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,038
  • Feb 21, 2014 2:23pm Feb 21, 2014 2:23pm
Quoting The Fool
{quote} nah on these ER plays if you don't get the move past one of your strangle strikes within the first day you will get crushed by the iv collapse, this will likely be a total loss, as HPQ has not responded much to the ER. There's a chance it could drop another buck by early next week and I might get 20% of the strangle cost back, I suppose, but really a shit sandwich, same taste of shit I still have from CSCO strangle last week which did the same thing.
HPQ traded around $30.00 in the hour before close yesterday, looking to stick there at the close today.

What a world of poop.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,039
  • Feb 21, 2014 2:51pm Feb 21, 2014 2:51pm
Quoting The Fool
itchy, but not twitchy. My finger, that is. On the UNG put trigger. Looking for a run on $30 by early March and then a drop to <$25, maybe even near $20 by April-May....if I have any money left to trade....could be epic...
I like the idea of this TF - I think there is further upside to UNG certainly whilst there is the polar vortex, etc, etc hanging around. After things warm up, I would think there should be some pull back. As someone who prefers to sell options, I am going to look at selling the 36 CALLs for Feb 28 expiry.
  • #3,040
  • Feb 21, 2014 3:19pm Feb 21, 2014 3:19pm
Quoting njr
{quote} I like the idea of this TF - I think there is further upside to UNG certainly whilst there is the polar vortex, etc, etc hanging around. After things warm up, I would think there should be some pull back. As someone who prefers to sell options, I am going to look at selling the 36 CALLs for Feb 28 expiry.
we are gonna get a slump in natgas and I think it will be pretty steep; I think $36 is a very tall order, I'd be surprised at anything much north of $30. For now, I wait.

I see Cecil Gee is here - I expect he has had a busy week spending all that money he has been making trading options. Bastard....
"If The Fool persists in his Folly he will become wise." - William Blake
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