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In $HD August 52.5 calls @ .57
No worries, profit is profit! Nice idea I like it.
$VXX w 13 puts .10 x .11
$VXX w 13 puts .09 x .10
$VXX dropping.
Unfortunate that earnings are so close. If this sell off had happened last week I would have been all over the 610 calls when it dropped around 590. Shame. I think that's a good move on your part after watching the tape today, you'll get em next time.
Adding more $VXX weekly 13 puts @ .09
$VXX 13 puts getting snatched up by the boatload right now.
I feel the same. I think we could go red tomorrow again but for today I feel like we've bottomed, hope we're right!
Yep, I got 250 @ 10:20:23
In $VXX w 13 puts @ .08
Premium/Imp. Vol rising into earnings. Gonna be even higher tomorrow.
$AAPL calls could be a gift here around 590 if/when it gets there. Like clockwork, wait for it to get beaten down, and pounce.
Didnt post today guys but wanted to share this with you:
AAPL Jul 12 610.00 Put $1.10 Limit Day BTO 100 Filled 07/20/2012 08:31:51
AAPL Jul 12 610.00 Put $5.35 Limit Day STC 100 Filled 07/20/2012 02:57:24
$42,500 profit, and it was very hard for me to commit that much to one trade, but I felt strongly about this.
This was one of my largest one trade profits ever, and I'm really glad to see a lot of you guys had great days as well. I'll be out of town for the weekend hunting and wont have internet access but I hope you guys have a great weekend. Cheers!
Fantastic Sam!
Intrinsic value. Strike price - Current Share Price of underlying stock = intrinsic value. Extrinsic value is the time value or premium you pay on top of it. So since the stock is currently trading at 329.40, you subtract that from your put strike price @ 340
340-329.40 = ~10.60 + time value of a dollar or so most likely.
And that's just the OPEN price. If this dips 6 more dollars you're looking at a 100 bagger.
2,000 contract $SPY strangle just put on. 137 puts and 138 calls, just FYI to everyone.
I think it looks really toppy. Look at 5th of July. Accumulation turning on HFT, $VXX moving in unison with $SPY. Things look fishy imo. Only thing keeping us up right now are earnings "beats" which were heavily revised down by analysts. Spain bonds over 7% again today, unemployment up again, but not bad enough for QE3.
Sharp decline coming imo.
Awesome!
Lots of action in $AMRN.
Soon, without a doubt. It is really difficult to trade as much as I do and keep up with this board honestly. I'm thinking of just making fewer posts overall and focus more on actual work.
10,000 $SPY puts get bought at .26 about 3 minutes ago...lo and behold they are worth .36 now.
Unbelievable.
Awesome trade MM. You had a very nice week. I piggy backed the $PCLN calls but only for a small profit, larger volume though so I was happy. Thanks as always!
Gonna be grabbing $AVP August calls tomorrow.
$SPY gonna gap down tomorrow.
Out $FAZ Jul 22 calls @ .46 from .36
Out half $SPY July 135 puts @ .16 from .12
Out half $SPY July 136 puts @ .32 from .23
I've got 300 Jul 135s @ .12 and 100 136 @ .23
Don't think I've ever felt this good about $SPY puts before. EVERY indicator is pointing to this selling back to 136 minimum by friday.
$TLT up, $VXX up, $FXE down...yet $SPY is up nearly 1%
GRR $HPQ..get back down there.
In $HPQ Jul 19 puts @ .17 for round 2 of dump-off.
Ah, just saw Chanos.
Massive insider trading on $HPQ there. 11,000 July 19 put volume beforehand...
Whoa, what's going on with $HPQ now?!
Sell-offfff
$VVUS sell-off.
Out other half $PCLN 660 calls @ 3.20 from 2.50 and 2.40
Yep, this is it. Triple top from a couple weeks back.
MWM and I were on $LULU on its fall from grace from like $70 to $57
It was alerted on here and talked about but I'm not sure who is playing it now.
$VVUS getting brought back down a little here.
$FAZ Jul 22 calls .41 x .43