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This will help!
http://www.minyanville.com/articles/ethanol-pot-MOS-canada-agu-inflation/index/a/17314/from/yahoo
Earning for IPI coming on Monday.
Let's see how long it takes for the prices to drop at the gas pumps. LOL! They shoot up .15 in a week when the price of oil goes up a few bucks. Since oil dropped over $3 today, we should see about a .05 decrease in gas prices over the next month... maybe if the Media will harp on the decrease the way they do on the increases.
What a sham.
Check out this chart for IBM:
$130, here we come!
Who set's the price of Oil?
I understand supply/demand and OPEC's control over it. However, is it the speculators driving the price up or are the speculators riding on whatever OPEC dictates?
Just curious because I don't understand the relationship speculators have with Oil other than they bet if the price is going up or not. But is it speculators buying contracts/shares driving the price up?
If anyone has a link, I would love to read a bit more on this and appreciate the help!
IBM's holding up their end. LOL! Calls are getting expensive... which is good. Nice to be on the right side of the trade for a change.
IBM moving back up. IMO, it beats $130 this time.
Holding June $130 calls (IBMFF).
Yeah, mine are red but I CANNOT sell them before Friday. Monday is their earnings call. So, I'm at the point that it's not worth the risk to sell right now. But I will sell at whatever I can get on Friday.
Posted by: samaelrocks Date: Friday, May 23, 2008 9:20:22 AM
In reply to: guitarmusic who wrote msg# 23594 Post # of 23669
The price target for AAPL was raised. Anyone buying calls on this?
Never mind. Better put opportunity here, IMO.
The price target for AAPL was raised. Anyone buying calls on this?
Never mind. Better put opportunity here, IMO.
I got a few PM's about not replying to her posts with my opinions which were not quite as contrary to her's as she seemed to think. LOL!
God's wrath has been coming down on me in this market but sometimes, I trick him with a strangle. Hehehe That doesn't work either though because the PPS doesn't move more than .0000000001% either way.
Just let it happen. LOL!
IMO, IBM moves up over the next few days. I'm thinking a run to $130 before end of next week:
My SMA's are about to cross and the RSI is moving over 50. That's usually good for at least 2 - 3 days. IMO, don't try to PUT after $130.
Nice add! I picked some up as well. You see this going to $160 before reversing? Thoughts?
Looking ahead for more IBM Call opportunities:
http://www.forbes.com/2008/05/22/ibm-software-international-pf-ii-in_jd_0521gurusow_inl.html?partner=yahootix
I'll wait until after Monday though. Start your DD! Nothing's going to stop Big Blue.
IBM is correcting itself today! Glad I got those .75's yesterday out of the $130 June calls. IMO, these will be at 2.00 by end of next week.
I think you're paying for some of your country's health care at the pump:
http://en.wikipedia.org/wiki/Universal_health_care
I'm not saying there's anything wrong with that. Just pointing out that most of your gas price is Tax in comparison to that of the U.S.
http://en.wikipedia.org/wiki/Gas_tax
So, it's just a question of how you pay for the same services from country to country. It's all relative.
You're not getting screwed any more than us! LOL!
LOL! How much do you pay for medical?
I think the focus is on this stock because the CEO is still out there lying to shareholders. That's what makes this unique.
Put = Shorting
Call = Going Long
You buy them just like regular stock. Find the chain (the symbol representing a specific contract) and put in a buy to open the order either by limit or market just like any other stock.
A contract that is selling for 1.00 will cost you $100 per contract ($1.00 x 100 unit shares per contract = $100) plus commission.
If you Put a stock with a PPS of $100 and expecting it to go to $90 with those contracts trading at $1.00 per (that's your strike price for the contracts you choose for example) and it drops down to $98, you could PROBABLY sell those contracts for $1.30 depending on demand and turn $100 into $130. Or, if you had 10 contracts, you would have turned $1000 into $1300.
If you Call a stock with a PPS of $100 and expecting it to go to $110 with those contracts trading at $1.00 per (that's your strike price for the contracts you choose for example) and it moves up to $103, you could PROBABLY sell those contracts for $1.30 depending on demand and turn $100 into $130. Or, if you had 10 contracts, you would have turned $1000 into $1300.
As you get closer to expiration, the value drops because the likelyhood of hitting the strike price decreases. That's why a lot of folks trade these as day trades rather than to expiration. You can open the positions and close them at will per market will.
Test your trading platform on how to open an options position and you'll find that they are as easy to trade as stocks but with higher risk.
IMO, Options are more risky than blue chip stocks but less risky than penny stocks.
NEVER, EVER hold a position into earnings day. Sometimes you make out big, sometimes you lose 50% or better at open due to Premiums. I learned that this year. LOL!
Premiums = value added to an option contract due to heavy demand for said contracts. Think of premiums and the drop in value of said premiums in the same line of "buy on rumor, sell on news."
Lastly, if you expect a big move one way or the other, consider buying positions on both the call and put side. Your risk is lower but if the move happens, you are almost guaranteed to make a profit even if you lose 100% on the contrary side. If the stock remains relatively flat, both your calls and puts will just lose value as you near expiration.
Hope that helps!
I've been trading options on IBM for almost a year. I've been going mainly calls but would play puts after a big week. 100% of the calls turned green (though half of the positions went red first). About 50% of the puts went green. The others sold for a loss and the green plays weren't worth the risk compared to the return.
I won't play puts on IBM. Today, I accumulated more $130 June calls. I won't play puts because:
IBM loves stock buy backs
They have the cash to do it at will
They are shareholder sensitive
IBM constantly cuts jobs
Recently, IBM cut the pay of almost 8k employees by 15% due to an overtime lawsuit that was filed a few years ago
IBM's focus is on contractor labor for all tech jobs (unspoken)
They outsourced the network and firewall teams to ATT
IBM is doing more and more with software licensing
IBM keeps it's customers because the costs are kept low
I wouldn't be surprised if we see the OS on this stock under 1 Billion at the end of the next 5 or 6 years.
I agree with that. But it will require Rufus and crew to go away. Very far away and whomever buys the shell will need to be very transparent if they wanted any buyers of their stock.
Good to be an IBM VP:
http://biz.yahoo.com/ap/080521/ibm_insider_transactions.html?.v=1
Now that's what I call trading some stock. LOL!
Accumulating IBM $130 Calls. For the record, I've yet to own IBM calls that did not turn green at least 20%+ whether I sold too early or not. IMO, IBM stock is following the news but regardless of inflation, they still get their's so watch for a bounce, IMO of course:
Argh! My laptop froze and had to reboot...
Was in the middle of buying more IBM $130 Calls @ .70 and didn't get them. Will see if that was a blessing in disquise but IBM usually bounces right back.
Man, WMG is dropping which is good for my put but the ask/bid is NOT moving. Nor is there any trades. About to hit the $7.50 strike price too. Thoughts?
Thinking some KALU calls here:
Have not priced them yet and looking now.
Edit - Trying for July $70 calls @ 1.95 (.QMKGN)
One more question if I may...
At what point would you decide to sell for a loss? Or, what type of criteria would you use to determine an exit at a loss?
Personally, I would go on news but if I see a down trend, I may decide to sell then as well. Thoughts?
Forever learning. Hehehe
Thanks man! What's your opinion on this though:
I find that about 60% of the time, I'll enter a position as a starter (expecting to average down) and see it go red around 50 - 60% before it turns around and goes green. Is that common? And do you hold these positions or get out?
IBM is one of my favorite plays and I may go red 50% but come out 20% green in a week.
XOM was a new play and I averaged down on it 3 times and ended up getting out even but if I were to hold, I would be up 300% today after 1.5 weeks.
Right now, I'm down 40% in IPI and I'm expecting it to turn around going into earnings on June 2nd (will not hold to earnings day!).
I'm trying to fine tune my style and I don't mind going red because it means I was buying when others were selling. Just wish I could find the bottom better. I never saw red on my VFC, V and about half of my IBM plays though.
It was obviously my long position in XOM that held it down because a day or two after I got out EVEN, it decided to run and now would be ITM of the options I held.
I suck. LOL!
I could single handedly bring the price of oil down. All I'd have to do is open a call position in the money on oil and it would immediately start to drop. I could hedge this position by asking every gas buying American to send me one dollar for every month I hold the position. I would commit to holding the long position for at least a year if everyone commits to sending me that monthly dollar. LOL!
Rid'n free + on .FQIFC (CLMT June $15 calls). Thanks again Tommy and Uranium.
What are you watching for tomorrow's 100% gainer? LOL!
Picked up some IBM $130 calls today. Maybe a day too early but they are usually good for 20 - 30% after a few days down.
Dude! I dropped a starter in this @ .80 (June $15 Call .FQIFC) per Tommy posting it this AM. I know, I traded at my own risk but damn! Nice call you guys.
I'm going to do some additional DD this evening but what's up besides a bounce? A short squeeze or something?
IMO, buy your calls today. I think the DOW will make up some of these losses tomorrow. Good luck! Gooooo IBM!
IBM will tank now. I just picked up some June $130 calls. So get your Put positions quick! LOL!
Nice call!
Wow! DRYS dropping like no one's business. Looking for a bounce play here anyone?
Incidently, if IBM drops again tomorrow, I'm buying some calls.
Sorry about the IBM thing. I have a call into Sam Palmisano. LOL!