Nicu
10:38 am on September 9, 2010 515 days agoReply
reversed the operation : exchanged $250 calls for $260 calls for $7.05 credit, that is about 160% profit
still a battle to be profitable on the entire play, i.e. until I am out of Oct calls
Nicu
4:42 pm on September 16, 2010 507 days agoReply
again, pocketed $7.15 by selling $260 calls and buying the same number of $270 calls
I am pretty sure that now I’m positive on that Oct play if I take into account the current price of the $270 calls; if AAPL continues up next week, I’ll try to exchange those to Nov calls (that should appear) at minimal cost and of course a $10 strike penalty
Nicu
10:32 am on September 20, 2010 504 days agoReply
exchanged Oct. $270 calls to Nov. $280 calls for $.05 credit – just to cover the fees
earnings could not arrive soon enough
sworoc
11:45 am on September 20, 2010 504 days agoReply
Interesting way to ride things out, Nico! Glad to see it working for you. AAPL is really starting to pop.
Nicu
12:07 pm on September 20, 2010 504 days agoReply
@sworoc
thanks, I will continue to post my trades so we could evaluate if this strategy is worthy, for the moment it is
Nicu
12:06 pm on September 20, 2010 504 days agoReply
in Oct $250 puts @ $1.12 (trailing stop – I am not betting on winning on those, just cheap protection agains the devil – if I had something similar this summer things would be much rosier now)
conshmillo
1:35 pm on September 20, 2010 503 days agoReply
nice going Nicu!
Nicu
2:54 pm on September 21, 2010 502 days agoReply
improved Oct $250 puts to $260 puts for $.60 – just cheap insurance here
Nicu
3:57 pm on October 12, 2010 481 days agoReply
exchanged Nov $280 calls to $290 calls for $6.8 credit
I think that now I got them for free, considering all the swings I did with those Oct calls they come from, meaning that if they go to 0 tomorrow, I don’t lose a dime; still have to verify that … the guns are loaded for the big day (19th Oct)
Nicu
5:05 am on October 18, 2010 476 days agoReply
oct puts expired (total $2.12 / put + fees), that is always the best ending for insurance, not being used
I’ll try to get a bit more of Jan ’11 puts to protect gains if there is a pop on Thursday
I have 2 more days to fight with those pesky VIX puts that are priced at less than 50% of the difference strike – VIX, but expiry should force that to go to 100% at least – of course I need VIX to stay low (or go lower) as I still have puts for both 21 and 19 (I already have recovered about 80% of the cost, but I start getting greedy )
Nicu
10:20 am on October 19, 2010 475 days agoReply
exchanged Nov $290 calls to $300 calls for $7.1 credit – those are pure profits as they had already payed for themselves since the last swing trade
Nicu
10:21 am on October 19, 2010 475 days agoReply
out of some VIX 21 Nov puts (expiring today) @ $1 – I am already positive on the VIX puts adventure, I may only hope to get a bit more on those that I still keep
Nicu
2:01 pm on October 19, 2010 474 days agoReply
out of some more VIX 21 puts at $.75 as the situation becomes a bit crazy, still keeping some, who knows
Nicu
2:13 pm on October 19, 2010 474 days agoReply
ok, I’m out out this craziness with the rest of them @ $.4 – I’ll compute by curiosity what all this effort made
Nicu
4:50 am on October 20, 2010 474 days agoReply
including fees and comparing to the maximum invested at one time, I made about 27% profit on the VIX play in 5 months (not everything invested from the start)
I took this risk hoping for 200% profit or so, that would allow to go into calls afterwards with no risk, but in the meantime, the market got smart both about VIX puts and calls and it became much harder and riskier that it seemed 5 months ago – I’m still a bit disappointed that I did not get into those ultra-cheap 5 months calls in May, they have multiplied more than 10x during that period; I’ll keep watching it, maybe when VIX comes down to 15, everybody will be bullish and sell cheap calls again … until then, I would not advise anyone to try this crazy thing
Nicu
9:40 am on November 4, 2010 459 days agoReply
exchanged Nov $300 calls to $310 calls : 1/3 yesterday at close @ $7.05, the rest today @ $7.75
Nicu
6:04 pm on November 19, 2010 443 days agoReply
$310 and $320 calls expired worthless, I should add a rule to my trading strategy, never own options during the last week (month even, if reasonable) before expiration
I still think I have a profit on the entire play that I started in May or so, I will compute that when I get some time – but far from the maximum it touched about a month ago
Nicu 10:38 am on September 9, 2010 515 days ago Reply
reversed the operation : exchanged $250 calls for $260 calls for $7.05 credit, that is about 160% profit
still a battle to be profitable on the entire play, i.e. until I am out of Oct calls
Nicu 4:42 pm on September 16, 2010 507 days ago Reply
again, pocketed $7.15 by selling $260 calls and buying the same number of $270 calls
I am pretty sure that now I’m positive on that Oct play if I take into account the current price of the $270 calls; if AAPL continues up next week, I’ll try to exchange those to Nov calls (that should appear) at minimal cost and of course a $10 strike penalty
Nicu 10:32 am on September 20, 2010 504 days ago Reply
exchanged Oct. $270 calls to Nov. $280 calls for $.05 credit – just to cover the fees
earnings could not arrive soon enough
sworoc 11:45 am on September 20, 2010 504 days ago Reply
Interesting way to ride things out, Nico! Glad to see it working for you. AAPL is really starting to pop.
Nicu 12:07 pm on September 20, 2010 504 days ago Reply
@sworoc
thanks, I will continue to post my trades so we could evaluate if this strategy is worthy, for the moment it is
Nicu 12:06 pm on September 20, 2010 504 days ago Reply
in Oct $250 puts @ $1.12 (trailing stop – I am not betting on winning on those, just cheap protection agains the devil
– if I had something similar this summer things would be much rosier now)
conshmillo 1:35 pm on September 20, 2010 503 days ago Reply
nice going Nicu!
Nicu 2:54 pm on September 21, 2010 502 days ago Reply
improved Oct $250 puts to $260 puts for $.60 – just cheap insurance here
Nicu 9:44 am on October 6, 2010 488 days ago Reply
improved Oct $260 puts to $270 puts for $.4 – extremely cheap insurance for the little time left before the rocket launch (18th after hours)
just gimme another flash crash so I can load up the truck
caruso2323 12:19 am on October 7, 2010 487 days ago Reply
Nicu … Did you notice that those “fat fingers” never caused a MAJOR RUN-UP … ?
lol
Nicu 3:24 am on October 7, 2010 487 days ago Reply
are you talking about “fat tails” ? or what …
Nicu 3:57 pm on October 12, 2010 481 days ago Reply
exchanged Nov $280 calls to $290 calls for $6.8 credit
I think that now I got them for free, considering all the swings I did with those Oct calls they come from, meaning that if they go to 0 tomorrow, I don’t lose a dime; still have to verify that … the guns are loaded for the big day (19th Oct)
Nicu 5:05 am on October 18, 2010 476 days ago Reply
oct puts expired (total $2.12 / put + fees), that is always the best ending for insurance, not being used
I’ll try to get a bit more of Jan ’11 puts to protect gains if there is a pop on Thursday
I have 2 more days to fight with those pesky VIX puts that are priced at less than 50% of the difference strike – VIX, but expiry should force that to go to 100% at least – of course I need VIX to stay low (or go lower) as I still have puts for both 21 and 19 (I already have recovered about 80% of the cost, but I start getting greedy
)
Nicu 10:20 am on October 19, 2010 475 days ago Reply
exchanged Nov $290 calls to $300 calls for $7.1 credit
– those are pure profits as they had already payed for themselves since the last swing trade
Nicu 10:21 am on October 19, 2010 475 days ago Reply
out of some VIX 21 Nov puts (expiring today) @ $1 – I am already positive on the VIX puts adventure, I may only hope to get a bit more on those that I still keep
Nicu 2:01 pm on October 19, 2010 474 days ago Reply
out of some more VIX 21 puts at $.75 as the situation becomes a bit crazy, still keeping some, who knows
Nicu 2:13 pm on October 19, 2010 474 days ago Reply
ok, I’m out out this craziness with the rest of them @ $.4 – I’ll compute by curiosity what all this effort made
Nicu 4:50 am on October 20, 2010 474 days ago Reply
including fees and comparing to the maximum invested at one time, I made about 27% profit on the VIX play in 5 months (not everything invested from the start)
I took this risk hoping for 200% profit or so, that would allow to go into calls afterwards with no risk, but in the meantime, the market got smart both about VIX puts and calls and it became much harder and riskier that it seemed 5 months ago – I’m still a bit disappointed that I did not get into those ultra-cheap 5 months calls in May, they have multiplied more than 10x during that period; I’ll keep watching it, maybe when VIX comes down to 15, everybody will be bullish and sell cheap calls again … until then, I would not advise anyone to try this crazy thing
Nicu 9:40 am on November 4, 2010 459 days ago Reply
exchanged Nov $300 calls to $310 calls : 1/3 yesterday at close @ $7.05, the rest today @ $7.75
Nicu 6:04 pm on November 19, 2010 443 days ago Reply
$310 and $320 calls expired worthless, I should add a rule to my trading strategy, never own options during the last week (month even, if reasonable) before expiration
I still think I have a profit on the entire play that I started in May or so, I will compute that when I get some time – but far from the maximum it touched about a month ago