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QCOR conference call in 35min.
Does it sell-off after the call or do you think the market will like what they hear (and shoot this stock to 35-40)?
If it does and I can safely get out by tomorrow, I'll probably buy some longer term puts on QCOR and hold for a while. If Aetna drops coverage, other companies might do the same.
Aetna representing 5% should yield a 5% share drop, correct? We're currently down 40%, so we should see a jump to $40+ at 15:05EST, correct? I'll probably hold my calls overnight if the recovery continues through power hour (assuming my view is correct)
QCOR halted for the third time today. PR is about to come out explaining the situation today. Any positive rebuttal of the previous negative rumor and QCOR could shoot back to 40-45!
I'm in 3 QCOR Sept. 32c @ 3.00.
I think once the company puts out a PR concerning today's action, we could see a jump to $40 (or a dip back below $29 if the PR is bad). Either way, it's a good swing for tomorrow IMO. If it hits $40 by tomorrow, I'm probably looking at $10 for each contract ($8 plus time value)
Overall, though, call volume is still way higher today than put volume. Someone may have been playing the bear raid real quick.
Price is around 3.25 now...that's fairly cheap considering we were at 3.4 an hour or so ago!
Bear raid? Or someone knows something? I'm holding regardless, but the dip is interesting since it's on high volume.
Oh, my mistake. They may amend their motion if they win this judgment today, though.
The Trial IS October 16th. Today is the motion hearing of prior art. If Google wins this judgment, they have a slightly stronger case when they make their summary judgment motion. If Vringo wins this, they have no chance at a summary judgment victory IMO. A win today signifies to me that Google has no chance of stopping this before trial and they will likely settle to avoid a jury potentially costing them 3x what they will pay to Vringo.
A judgment in our favor today would yield a significant price jump IMO. I don't think we would see a settlement PR today but if Google loses again, we could see that PR sometime soon. JMO.
When might we hear something on the outcome of the hearing? Do you think same day (right before EOD) or at the bell on Wednesday? GLTU
Yes, but would such a settlement be reflected in share price immediately or would it be more gradual?
Let's assume that Google settles before October 16th. How fast would the settlement figures be reflected into VRNG's stock price? Looking at VHC's model for such settlements, it looks like it was a slow ascent. I'm looking to add to my position here and October calls are obviously cheaper, but if it takes a month to rise to $10+, I will definitely add to my November calls. Anyone with experience following these types of settlements, help me understand?
I wouldn't short anything right now, just because of QE3. We should see continued gains in the near-term. The markets look to be overbought, though, so eventually we will see a correction and that's when you could make a bit of coin off GOOG. JMO.
Out PCLN 4.80 (in @ 2.30)
It's all about perspective. I'm long right now but I can see why some would play puts. If you believe the markets are overextended, it makes sense to go short on some short-term plays as the market corrects itself. At this point, though, there doesn't seem to be a correction in sight. Maybe next week?
Just a mini-pop. PCLN will likely retest 645 today, though. When it does, breaking it would signal another mini-run. Double top and it might fade in power hour.
Go PCLN you POS! LOL
I'm in PCLN 640c @ 2.30
You gonna play puts as it churns throughout the day? 695 looks toppy to me but I also exited about 1.5 pts too low.
AAPL will probably burn theta today - I'm looking for a strong power hour close. I'll be waiting until then.
Out AAPL 690c 3.35 (from 1.74)
Does AAPL have another 2% run in it tomorrow? It's struggling to eclipse 685 before the bell. I'm in a few calls at 690 and will hold overnight.
AAPL 15 pt power hour?
I've seen crazier things happen I guess... LOL
I'm riding SLV for a while. It should continue to rise steadily over the next week or two.
Wow, AAPL misses. Wasn't expecting that.
Hoping for a strong AAPL beat so I can buy AUG SPY puts and watch the market continue to tank lol.
AAPL pennant forming on the intraday chart?
5% is standard for AAPL, regardless of news. What needs to be determined after that is what happens after that. If they produce EPS of 12+, I think 7-10% could occur. If they are just in-line or miss, it will probably swing the other way.
I'm in 1 AAPL 625w call @ 6.15.
I think you'll see buying pressure into the close and then a gap up AH. I'll guesstimate 12.20 for their EPS, spiking the price to 640 or 650 tomorrow morning.
True, I hope you do well. GL!
If you've got that much profit, I might think about locking in half to ride free options. AAPL usually beats but you never know. If AAPL only went to 640, you would probably lose all that premium + more. JMO
Anyone playing AAPL straight up? Just calls or puts? I'm curious because of the inflated premiums and all, but I think AAPL will beat the street again. 5% move off of 610 is roughly 640, so 630w calls would yield $10 tomorrow (minus premium inflation). Seems like a below-average risk if I wait until power hour and then buy (minimize theta burn). If they blew earnings out again, 670 is possible as well. Thoughts?
VXX broke my 14.20 barrier so I am out. Slight loss.
True, but I am not as risk averse as I normally would be. I think it could be a big opportunity to cash in if the market resumes heading north this week. Tall task, sure, but I think it's possible.
You think solid green today? Or more pullback imminent? I'm leaning toward green but I wasn't expecting futures to be down again early this morning. Holding VXX 13w puts still and if we can get a break below 14 this morning, I will hold through tomorrow morning. If we rise above 14.20 or so, I'm probably going to just salvage the position at a loss.
I would think that people are covering AH before a drop tomorrow morning. VIX was giving back a lot of its gains into the afternoon and the VXX showed sharp correction a half hour before the bell as well. I guess the VXX could open higher if the U.S data was bad in the morning (or Euro fears continue to rise). I think we will see green tomorrow, though.
Edit: I think I'm on crack, since earnings plays shouldn't have such an effect on VXX IMO. Still, I think people are covering overnight for a gap down tomorrow morning.
The VXX just threw up 30 points and dropped below 14. See how fast that works? It will probably rebound slightly and end around 14, then gap lower tomorrow morning.
I bought weekly 13 puts on VXX. Any positive green tomorrow will gap VXX down to 13.75 or lower IMO. From there, it could sell off even worse depending on the news. I need to do some research on the economic calendar but VXX never holds its gain for long. All we need to quell these fears is one strong piece of news and shorts will begin covering quickly.