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Earnings plays? how did you guys do that played the earnings for today? I'm hoping amzn and especially googl perform better than than yahoo, isrg, cmg, etc, that just reported...we need big numbers out of googl and today was just flat as heck...maybe tomorrow we get some more mojo, but would have been nice had yahoo done something...any thoughts on googl captain?
wow vltc! you are right it's dangerous..for shorts! $17.50 now
UPB on Googl I have some 567 weekly calls. In looking at CBOE option calculator it says if the call strike is 567 and the stock price is $610 then the call option has a value of $43.00; for the 590 calls using the same 610 stock price it says $22 for the option value. Can that be right? I've used this calculator before and it seems to be off a ways...Is there a better way to do this? I do have think or swim platform...Thanks!
Google has been painful this morning...watching paint dry on this one...hope it moves higher soon...perhaps positive amzn earnings will help?
sorry Ced...how many spy contracts did you have...for some reason I thought you were in puts but maybe that was omars. I'm just holding my googl calls for earnings, but so far not looking like I wanted...hopefully the overall market recovers and googl pushes higher!
What happened to all the fun? I liked it better when the market was up 89+ before the open, then poof it just evaporated.
YELP! maybe that buyout is coming, sure hope so! Earnings next Wednesday I think. $100 buyout would made my year!
Google! bounce baby and go to $570 today.
CED and OMARS must be making bank on spy puts; not what I expected out of googl or spy today...was looking for some nice upside...hopefully a bounce soon.
G-Money which calls strikes are you looking to pick up on googl?
UPB really nice job on the earnings playbook...
I"ve been on this googl play for about 3 week's on earnings but that was before they changed the report date, and I didn't think they would taken it back to $530 again...I hope it bounces well for Friday though but next week's would be a lot safer...gl.
actually those googl 610s for next week are super cheap, I may have to pick up a few of those..thanks.
nolerman I think you were smart to go with googl 610 for next week...I had to buy this week's weeklies but I'm still hoping for a big number from googl, it just that you only get 1 day on Friday to make it pay. GL!
trythisagain gl on googl! I'm in the 585s and 590s..Any idea what those 585 calls might be worth on Friday morning if googl hits $610...thanks! and hope it gets $615+
Googl $615 all time high...I think we are headed there sooner than later...
ced I have googl calls, too...just curious, if there is no premium build will you hold those calls into earnings? thanks...of course I'm hoping for a continued move the next few days and a $615 target for earnings.
ok sounds good...I am holding mine through the announcement...don't have as many contracts as you but have the 585s and 590s. googl new high of day.
Nice trading Ced! Googl let's do it to $620 would be nice...I'm a little concerned that it's after hours on Thursday and we only have 1 more trading day, so hopefully it's a big move for us!
can anyone loan me $17,000? I can pay you back after Googl reports earnings...
Googl looking strong too...be nice to get a new hod like amzn though.
ced, sold my nlfx 592 calls for a loss but they've made a big recovery off the lows now from .95 to 2.40...should have been more patient on the entry today...how are you doing on your trades?
Is ISRG after hours or premarket? thanks.
thanks... perhaps we will get a blowout earnings on YELP...looking for googl to have some magic this time around as well! Everything in the open interest points to a higher move imo...wish googl ers were sooner than thur after market, but I think this could be a nice upside surprise. gl to you!
JB I was unable to watch the "week ahead" this Sunday. Are you still in YELP, I've got the May 15 calls...We've had a lot of M and A lately, still thinking this one might get picked up I hope..thanks!
nolerman, et al. what are your googl thoughts, it looks like it's setting up for a big earnings upside in the open interest...what are people thinking on this one? I'm wondering if $590+ is in the cards, which would be a hefty move...thanks.
bill what do you have on nflx today?
just curious ced how much do they charge you per contract fees/commissions? thanks.
ced what trading platform do you use? TOS has live futures, very accurate...YM (Dow) +66; ES is + 8.50 and NQ is 11.75 right now.
thanks but I only made about $550 on them not the $13k lol
I hope to get something going...had a $10,000 trade on nflx that I made peanuts on ... had (5) 555 calls strikes for an average of $1.00 that went to $20.00 on Friday! and then sold my googl 535 puts way early and left about $3k on the table...would have made my week, so this weak I'm going to work on trusting my plan and staying in my winners...
Also watching pcln, which I like to trade it's just hard to get out if you a bad entry because the spreads are so wide. I haven't been very successful trading the spy but I've seen you makes some good $ there.
I've traded apple a handful of time since it split but other than liquidity it really is a mess to trade compared to the old days where I regularly made money...it looks like googl premiums expensive too, so I may stick with nflx until the earnings shake out...gl this week!
googl: interesting story on googl search engine changes: http://www.businessinsider.com/google-mobilegeddon-2015-4
you like to play the spy options as I recall ced..I think there should be some good opportunities with AMZN reporting Wed, ISRG Tues and Googl Thur. I wouldn't be surprised to see some upgrades on Googl premarket after it was sold off..
I'm looking to play AMZN and GOOGL post earnings...googl might present some opportunities to trade it before ERs, I'm thinking it's going to trade higher, now that the $530 level has been retested...AMZN options are expensive so I will wait until after they report... Also looking for nflx to test higher, maybe one more day but I have to look at the open interest in the morning.
Thanks Bill, I appreciated the feedback...I'm going to try to be more patient with my exits and trading targets...because it seems many times the stock goes where I had planned but I sell right as the trend goes my way, so that's something I'm going to work on this week, as I looked over my trading journal and I can see this is a pattern I have repeated and need to overcome...I've used the CBOE options calculator but it doesn't seem very accurate many times. I have TOS platform and I know they have an options future price there but I'm not sure how to use it, so will need to call them...thanks again..I agree with you on googl..I thought a few weeks ago that the call open interest looked very good for a high move and right now it seems they have pulled it back so shares can be loaded...I guess we will see...I don't think I will play ERS on googl but wait to trade it afterwards...but it may be a good call play this week if it gets accumulated.
Thanks Nolerman. I've had about a 70% success rate but it's the 2 or 3 that I've let run against me into larger losses that have hurt and then when you don't let the winners run it's hard to balance a loss. I've used stops for the most part but like CED said sometimes it's harder to do that with the high volatility trades. I've built up and blown out too many accounts that's for sure. I tend to go along fine and then one day I swing for the fences on a trade and that's the one I get burned on every time it seems. I'm doing this full time now, so there's added pressure to make consistent trades...the last two days would have really helped. I know what you mean though about letting a small loss turn into a big one. My losses over time probably could have bought a house, but the one loss I had this January I certainly could have bought a new car with...and there was really no reason to let it turn into that...in fact I remember averaging down when what I should have done was bought puts instead...but I've learned sometimes we don't want to admit we are wrong on a trade and it turns into a nightmare...better to cut it off quickly...I'm a single parent so I didn't have a wife to contend with but it sounds like you've made back your money and more with some of the trades you've done. I appreciate your input and your posts on this board...wish I could have followed you on that KRAFT play! I'm still holding some May YELP calls...I've never been on one of those buyout plays so that would be nice if it happened...
I totally agree with that Nolerman! I hated the law job but it did pay money, but couldn't handle the hours and the people...love trading but it's got to pay money...I have paid a lot for my trading education and I need it to pay off ... have had a good winning percentage on trades but not reaping the profits...tend to let losers run and cut winners off more than I should but that's risk management...I still think I will get there but boy let me tell you it's been a long hard road and I'm not there yet...I have paid a lot in .... had a great start to January of this year and was up $17k in one week but then got overconfident or careless or something and gave back a big amount on one bad trade that I didn't use stops on ...big mistake...I'm sure everyone has a story like that but it's not good to take that kind of loss because it sticks in your subconscious...anyway I look forward to trading every day but you have to have the funds to keep it going, so some of these good trades I hope I start letting them pay off....gl to everyone.
thanks smitty...for some reason I keep pulling the trigger...I was going to hold half of my googl puts today for my lower target of $532 AND couldn't manage to do that either...I will have to have a talk with myself this weekend...because this is repeat behavior...I got in higher than I wanted to on googl this morning because they gapped it down and I should have waited for the retrace to 539 but jumped the gun...and then I didn't have the patience to sit and wait while it bounced a few times and traded sideways before it dropped again...I know this...seen the same trade many times...somehow I've got to stay in it to win it.
I don't know if anyone has this problem, but I seem to be in a lot of very good trades but somehow I never seem to get the big profits...case in point was googl puts today and the 556 calls I bought yesterday at $1.05 closed the day at $17 today...I seem to cut the trades off just when they are starting to really go in my direction and never really fully participate in the gains and the hard work I put into trading...it seems more of a "mental block" or something, and I have yet to really overcome it...The last two days could have easily made about $10,000+ on about $1,000 investment and I ended up with peanuts...it's quite frustrating...I'm sure others have dealt with this and it's likely some kind of trading psychology issue I need to address but just throwing it out there for conversation if anyone can identify. I'm wondering if I also micro manage my trades too much, many times selling the day before the big move when that was my target all along but I started to doubt it. Okay enough self reflection just wondering how other people have dealt with this...thanks.