conshmillo
4:33 pm on September 16, 2010 507 days agoReply
By improved strike you mean you sold 270s and bought 260s and extra cost to you was 3.30?
By exchanged calls you mean you sold 250s and bought 260s and still pocketed 6.55 profit?
Nicu
4:39 pm on September 16, 2010 507 days agoReply
exactly, initially I had $250, $260 and $270 calls; now all of them are at $260
Nicu
1:06 pm on September 20, 2010 504 days agoReply
to avoid spamming the board too much (by creating a dedicated thread), I insert here a trade about Jan ’12 calls
exchanged Jan ’12 $240 calls to $250 calls for $6.15 credit
Nicu
1:52 pm on September 20, 2010 503 days agoReply
I have an order to exchange Jan ’11 $260 calls to $270 calls for $6.6 and got executed partially as I did not set as all or none – hardly waiting to get the rest as the resulted cash would be about 7% of my recently inflated portfolio (the cash would also be equivalent to my salary for about 11 weeks)
Nicu
2:22 pm on September 20, 2010 503 days agoReply
COOOOOOL – the trade completed in 3 steps
sworoc
2:15 pm on October 4, 2010 489 days agoReply
I think it’s still going to drop a little more, might’ve been able to get them a tad cheaper. We will know in a week, good luck!
caruso2323
9:26 am on October 5, 2010 489 days agoReply
@sworoc
I think it will act as an “M” … Rise today perhaps to 283-284 then drop again to 278… I think it will be pinned at 280 this week…
If the market pulls back heavily, we may buy them at 265 before earnings… This is my “optimistic” scenario … But I would start accumulating in the 270-275 range for the REAL big run-up by the end of October : 300-330 maybe !… Guidance for FQ02-11 will be VERY NICE !…
caruso2323
10:09 am on October 5, 2010 489 days agoReply
@caruso2323
WOW hitting 286 on big volume after release of ISM data with a +100 DIJA
I have other limits set just not trying to guess exactly !
Nicu
9:41 am on October 11, 2010 483 days agoReply
exchanged Jan $270 calls to $280 calls for $6.6 credit
Nicu
1:22 pm on October 13, 2010 481 days agoReply
exchanged Jan ’12 $250 calls to $260 calls for $6.2 credit
Nicu
4:03 pm on October 15, 2010 478 days agoReply
exchanged Jan ’11 $280 calls to $290 calls for $7 (credit)
Nicu
1:57 pm on October 18, 2010 475 days agoReply
in Jan ’12 $360 calls @ $34 – I know I should have done that some time ago, but it’s only now that I have “too much” cash – and we risk of staying above $330-$340 from now on …
Nicu
2:02 pm on October 18, 2010 475 days agoReply
in Nov $340 calls @ $7.35, not many, just for fun (I mean, GREED is GOOD)
nolavabo
2:12 pm on October 18, 2010 475 days agoReply
Just be careful of playing OTM calls for earnings. The IV crush tomorrow morning will be severe, and you can end up losing money even if the stock rises.
The only way to reduce your exposure to IV crush is to buy deep ITM calls. For example, the $260 calls have an IV premium of only about $1, so there is nothing there to be crushed away. OTOH, they cost a frigging fortune, at $56.50 each.
Nicu
2:48 pm on October 18, 2010 475 days agoReply
I already have lots of ITM calls; I put most of the money in Jan ’12 calls so I have time to recover from the IV crush
Nov calls is just greed, I do not want to totally avoid risk because I lost in a similar manner in August, I will just put little money in the risky things and more in those that I have 90%+ confidence
thanks
Nicu
9:49 am on October 19, 2010 475 days agoReply
not so much fun now with those Nov calls, improved strike from $340 to $330 for $1.5
Nicu
9:52 am on October 19, 2010 475 days agoReply
improved Jan ’12 $360 calls to $350 calls for $3.35
Nicu
9:56 am on October 20, 2010 474 days agoReply
improved Nov $330 calls to $320 calls fro $2.7
Nicu
10:41 am on October 26, 2010 468 days agoReply
exchanged Jan ‘12 $260 calls to $270 calls for $6.25 credit
Nicu
10:24 am on October 28, 2010 466 days agoReply
I just got to my computer, but at open, the limit got triggered :
exchanged Jan ‘12 $270 calls to $280 calls for $6.2 credit
Nicu
11:36 am on October 29, 2010 465 days agoReply
in more Nov $320 calls @ $2, averaging down …
Nicu
10:15 am on November 3, 2010 460 days agoReply
in Jan ’11, $280 puts @ $6 – insurance for previous gains
Nicu
9:43 am on November 4, 2010 459 days agoReply
exchanged Jan ’11 $290 calls to $300 calls @7.05
Nicu
10:46 am on November 4, 2010 459 days agoReply
I kept those Jan ’11 $270 calls I got @ $25 on 4th October (see first page) separate from the swing algorithm so I got out @ $51.2 few moments ago, that is a bit over 100% gain in one month
Nicu
1:26 pm on November 4, 2010 459 days agoReply
improved Jan ’11 $280 puts to $290 puts @ $2, cheap insurance
Nicu
6:05 pm on December 20, 2010 412 days agoReply
improved Jan ’11 $290 puts to $300 puts for $1.1, same idea
Nicu
3:41 pm on November 16, 2010 446 days agoReply
improved Jan ‘12 $350 calls to $340 calls for $3.35
Nicu 10:45 am on September 16, 2010 508 days ago Reply
exchanged $250 calls to $260 calls for $6.55 credit
Nicu 1:02 pm on October 4, 2010 490 days ago Reply
In $270 calls @ $25
conshmillo 4:33 pm on September 16, 2010 507 days ago Reply
By improved strike you mean you sold 270s and bought 260s and extra cost to you was 3.30?
By exchanged calls you mean you sold 250s and bought 260s and still pocketed 6.55 profit?
Nicu 4:39 pm on September 16, 2010 507 days ago Reply
exactly, initially I had $250, $260 and $270 calls; now all of them are at $260
Nicu 1:06 pm on September 20, 2010 504 days ago Reply
to avoid spamming the board too much (by creating a dedicated thread), I insert here a trade about Jan ’12 calls
exchanged Jan ’12 $240 calls to $250 calls for $6.15 credit
Nicu 1:52 pm on September 20, 2010 503 days ago Reply
I have an order to exchange Jan ’11 $260 calls to $270 calls for $6.6 and got executed partially as I did not set as all or none – hardly waiting to get the rest as the resulted cash would be about 7% of my recently inflated portfolio
(the cash would also be equivalent to my salary for about 11 weeks)
Nicu 2:22 pm on September 20, 2010 503 days ago Reply
COOOOOOL – the trade completed in 3 steps
sworoc 2:15 pm on October 4, 2010 489 days ago Reply
I think it’s still going to drop a little more, might’ve been able to get them a tad cheaper. We will know in a week, good luck!
caruso2323 9:26 am on October 5, 2010 489 days ago Reply
@sworoc
I think it will act as an “M” … Rise today perhaps to 283-284 then drop again to 278… I think it will be pinned at 280 this week…
If the market pulls back heavily, we may buy them at 265 before earnings… This is my “optimistic” scenario … But I would start accumulating in the 270-275 range for the REAL big run-up by the end of October : 300-330 maybe !… Guidance for FQ02-11 will be VERY NICE !…
caruso2323 10:09 am on October 5, 2010 489 days ago Reply
@caruso2323
WOW hitting 286 on big volume after release of ISM data with a +100 DIJA
Nicu 3:47 pm on October 4, 2010 489 days ago Reply
I have other limits set
just not trying to guess exactly !
Nicu 9:41 am on October 11, 2010 483 days ago Reply
exchanged Jan $270 calls to $280 calls for $6.6 credit
Nicu 1:22 pm on October 13, 2010 481 days ago Reply
exchanged Jan ’12 $250 calls to $260 calls for $6.2 credit
Nicu 4:03 pm on October 15, 2010 478 days ago Reply
exchanged Jan ’11 $280 calls to $290 calls for $7 (credit)
Nicu 1:57 pm on October 18, 2010 475 days ago Reply
in Jan ’12 $360 calls @ $34 – I know I should have done that some time ago, but it’s only now that I have “too much” cash
– and we risk of staying above $330-$340 from now on …
Nicu 2:02 pm on October 18, 2010 475 days ago Reply
in Nov $340 calls @ $7.35, not many, just for fun
(I mean, GREED is GOOD)
nolavabo 2:12 pm on October 18, 2010 475 days ago Reply
Just be careful of playing OTM calls for earnings. The IV crush tomorrow morning will be severe, and you can end up losing money even if the stock rises.
The only way to reduce your exposure to IV crush is to buy deep ITM calls. For example, the $260 calls have an IV premium of only about $1, so there is nothing there to be crushed away. OTOH, they cost a frigging fortune, at $56.50 each.
Nicu 2:48 pm on October 18, 2010 475 days ago Reply
Nov calls is just greed, I do not want to totally avoid risk because I lost in a similar manner in August, I will just put little money in the risky things and more in those that I have 90%+ confidence
thanks
Nicu 9:49 am on October 19, 2010 475 days ago Reply
not so much fun now with those Nov calls, improved strike from $340 to $330 for $1.5
Nicu 9:52 am on October 19, 2010 475 days ago Reply
improved Jan ’12 $360 calls to $350 calls for $3.35
Nicu 9:56 am on October 20, 2010 474 days ago Reply
improved Nov $330 calls to $320 calls fro $2.7
Nicu 10:41 am on October 26, 2010 468 days ago Reply
exchanged Jan ‘12 $260 calls to $270 calls for $6.25 credit
Nicu 10:24 am on October 28, 2010 466 days ago Reply
I just got to my computer, but at open, the limit got triggered :
exchanged Jan ‘12 $270 calls to $280 calls for $6.2 credit
Nicu 11:36 am on October 29, 2010 465 days ago Reply
in more Nov $320 calls @ $2, averaging down …
Nicu 10:15 am on November 3, 2010 460 days ago Reply
in Jan ’11, $280 puts @ $6 – insurance for previous gains
Nicu 9:43 am on November 4, 2010 459 days ago Reply
exchanged Jan ’11 $290 calls to $300 calls @7.05
Nicu 10:46 am on November 4, 2010 459 days ago Reply
I kept those Jan ’11 $270 calls I got @ $25 on 4th October (see first page) separate from the swing algorithm so I got out @ $51.2 few moments ago, that is a bit over 100% gain in one month
Nicu 1:26 pm on November 4, 2010 459 days ago Reply
improved Jan ’11 $280 puts to $290 puts @ $2, cheap insurance
Nicu 6:05 pm on December 20, 2010 412 days ago Reply
improved Jan ’11 $290 puts to $300 puts for $1.1, same idea
Nicu 3:41 pm on November 16, 2010 446 days ago Reply
improved Jan ‘12 $350 calls to $340 calls for $3.35