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Thanks, and best of luck to you as well.
I don't have a ton of money riding on it, and got a little greedy yesterday after almost selling for 100%+. 10 March $0.50 @ 0.21 average, 10 June $0.50 @ 0.25, and 15 June $1.00 @ 0.10, so still not in a terrible position at the moment, as I was still up about $300 at today's close. But, given some other FDA plays in the past, I figured it was worth it to try to hold on through the 14th, just in case.
To be fair, it was also up 40% yesterday on nearly identical volume, so even after today's drop, it is still up almost 15% this week.
I've taken a position on the March $0.50 calls, June $0.50 calls, and June $1.00 calls as they have an FDA, PDUFA decision upcoming on February 14th, so if approved, could lead to a nice pop, perhaps?
But yes, penny stocks can be hectic, even if they are on the NASDAQ.
I'd love for that $1.80 premarket value to be a sign of things to come!
Thanks for sharing your trading strategies, but I'm a little confused on a few of the numbers.
You bought the 130/135 Feb call spread at 2.18 (4.66 and 2.48 respectively), then covered the short 135's at 1.77. As you still held the 130's, how are you calculating a gain of 0.41 on that when for that one leg, you bought at 1.77 after selling at 2.48? Shouldn't that be a 0.71 gain?
Then you sold the 125/130 put spread at 1.70 (1.70 and 3.40 respectively). As it continued to drop, how did you profit by closing the long 125 put at 1.24 (below where you bought it)? Now you buy back the 130 puts at 0.02 for the easy to calculate 3.38 gain.
Summing those trades as your entries and exits are listed would give:
Feb 135 calls - Sell at 2.48, buy back at 1.77 = 0.71 x 10 x 100 = $710
Feb 3 125 puts - Buy at 1.70, sell at 1.24 = 0.46 x 10 x 100 = ($460)
Feb 3 130 puts - Sell at 3.48, buy back at 0.02 = 3.38 x 10 x 100 = $3380
And still holding the Feb 130 calls (not 135 calls), with a realized gain so far of $3630. Where did I go wrong (or are entries and exits mixed up, perhaps)? Thank you for clearing up any confusion as I'm just trying to learn.
If I may ask, how are you playing ZNGA?
Before work on Friday, I put in an order for 5 Feb $15 calls at $0.40, sold at lunch time for $1.10, and jumped in for 5 Feb $18 calls at $0.45, pretty much just using my initial risk. Are you looking for $20+ by Feb 17th, or are we talking longer term?
I too made the "mistake" of selling too early this week. Bought 2 Feb CME 260 calls, and 2 270 calls, at $1.65, and $0.70 respectively. Sold at $3.80 and $1.10 the day earnings came out on the lunch time pullback so as to not lose those profits. Really wish I had held now, but it's just so hard to hold past 100% with the limited availability I have during market hours. Someday I'll turn my $1500 investment into enough to stop working and trade full-time. That, or I'll lose it and won't be distracted by my trades at work. Time will tell which it is.
Any input on ZNGA is appreciated.
Thanks Jimmy for the heads up on CME! Didn't make a ton of money on it, but turned $500 into $1k, and using the gains to cover my remaining Feb/Mar $260 & $270 calendar call spreads.
Would have loved to keep letting it ride, but with the hits I've taken lately on several plays, I figured better safe than sorry. If CME is in the $260-270 range on the 17th, I'll be happy with the gains I get out of it, and if it does drop, well I don't have anything at stake now, so I can sleep soundly.
Hey jimmy, what do you expect CME's earnings to be like on Thursday? I know you've posted about $260+ in short order, but is this an earnings play, or just another stock you feel is turning the corner?
I'm curious as to what your short-term thoughts are on it, as I've already opened a couple of positions for the March 260 & 270 calls, and wondered what exactly you expect to happen over the next couple of weeks.
Does anybody here use calendar spreads at all? I decided to try to learn a little more about various strategies, and took a shot on the NFLX Jan Wk4/Feb Wk1 115 Put spread @2.45.
Just wondering if anybody uses them effectively, and what types of plays you look for when considering them. Thanks for any advice you have to offer.
Well now, don't I wish I hadn't abandoned my Feb 465 calls in place of a "safer" 430/435 weekly call spread.
After Google wiped out 1/2 of my earnings positions, I wanted to pick a much more reasonable target for AAPL. Had I held the 465's, I would have been able to make back my Google losses, and then some. Oh well, such is the way this game goes I suppose.
Congrats to all that hit big on the monster earnings for AAPL!
There you go! Congrats!
Well, despite the fact that I don't know exactly how the deficiency process will affect the options, but have found several sources stating that only no new options series will be issued if in the delisting process, I went ahead and took a chance.
Bought 65 BPAX Feb $0.50 calls at $0.15. It's more than I would have liked to put into such a position, but they seem to be stabilizing a bit, and I figured a move to $0.75-$0.80 in the next couple of weeks shouldn't be too difficult to manage as it is slowly rebuilding after the spike downward.
Only looking for a 30% gain to be happy, but I won't say no to 60%+.
QUESTION:
I'm looking into BPAX for a possible options trade, but don't know how the listing requirements for NASDAQ will/won't change the options trading for this particular stock. Back in the middle of December, it dropped from ~$2.70, to under a dollar, and has been trading between $0.38 and $0.75 since. Now, from what I've been able to gather, they will likely be getting a deficiency notice due to their being under the minimum $1 bid for 30 days, if they aren't able to rise above that $1 mark by January 30th.
My question is this. If they are presented the deficiency notice, will that have any effect on continued options trading for the stock? If options can still be traded, then it would make more sense to buy Feb/Mar $0.50 calls at $0.15 than to get into the stock at $0.65, as the upward movement will be as profitable, but less capital is at stake. Any help from the experts?
Question for anybody here who may be able to help:
Seeing as how BPAX is under the $1.00 minimum bid for NASDAQ listing, what will happen to the stock options if they are given a deficiency notice? Will they continue to trade as long as BPAX is still listed on the NASDAQ, or will options end up worthless?
GOOG - I just died a little inside! I never would have expected a miss, and $60 drop in just a few minutes. Oh well, now my call will be so far OTM that it won't be worth it to sell, so I guess I'm riding it out until March, hoping they can move back up towards that $725 mark.
However, thanks to those on the board, I'm glad I at least split my trades about 50/50 in GOOG and AAPL, so all is not lost, yet. Come on AAPL, show GOOG how it's done!
Yeah, I almost stayed out of AAPL because of the premiums, but I'm in line with others who think that $450+ short term is possible. I would have liked something a little lower than $465, but figured a run-up over the next few days would add enough value to make it worth taking a shot.
I'll make sure to check out NFLX as I'm waiting on some additional funds to transfer and might be looking for another trade. As far as GOOG is concerned, a nice little $15-20 move over the next couple of days would give me about the gain I was hoping for in my trade there, and would cover the costs of my AAPL call.
Good luck with your trading!
Are you making any plays in AAPL for the upcoming earnings release?
I certainly hope so!
Bought 1 AAPL Feb 465 call at $2.95 yesterday, along with 1 GOOG Mar 725 call at $3.20 yesterday. Playing both simply for the earnings, hoping one will pop. Would have played Jan calls for both, but trying to split up $650 two ways, I had to go a bit further in the future.
While I won't get anywhere near a 1:1 movement in price, it also gives time for a more gradual run up for either company, just in case the earnings aren't as good as expected, and a drop in price forces me to hold for a longer trade.
How'd your FSLR trade end up? For fear of not knowing how optionsXpress would treat my spread position if I didn't close it manually before the end of the day, I got out of my 43/42 put spread at .98 from .47. So, I essentially had a 100% gain to recover all but $30 of my earlier losses in the week.
Had I held on to my SLV spread from .25, it would have ended around .18, and I exited at .19, so per your suggestion, taking the loss before it got any worse was the right thing to do, even without that extra FSLR trade.
I just wish I had the ability to sit at home and trade, but alas, one would need sufficient capital to do so, as well as savings with which to pay student loans while attempting to make a killing in said trading. Oh well, maybe some day ....
Thanks. It would certainly be great to end the week on a high note, making back nearly all of my losses on the week, but I'll be sure to get out with at least some profit, if things don't go my way out of the gate. There's always next week, after all.
I got in at .47, so still in good shape for a gain, but I'd really like it to stay below 42 tomorrow.
Yes, and I wouldn't be in as good of shape as I am if you hadn't been kind enough to make some recommendations the other day, so thank you once again.
As far as where this trade stands, I know I'm still good as long as it stays under 42, but it would have been nice to have a little bit of a cushion going into tomorrow.
FSLR is trying to kill me with the bounce.
Started off looking good for the 43/42 weekly put spread, but with the rebound throughout the day, I'm just not sure what to do for tomorrow.
Just wanted to stop in and thank you for the tips last night. Even though it "hurt", I closed out of my trade today taking a loss, but not riding it out to expiration as silver was clearly holding up better than I anticipated. And, while I told myself not to rush anything, the FSLR puts when it was $43.30 or so around noon looked good, and I got into the 43/42 put spreads around $0.45, trying one last time for the week.
It was nice to see a close under $42, and if the market forces that be, permit, a couple of days of sideways trading would be great.
Thanks for the tip. I'll be sure to work on some of my own guidelines from here on out, as far as acceptable loss, maybe risk/reward standards; any system that isn't so complex that I ignore it, but still keeps me from getting myself in a sticky situation like today.
I also need to remember, even if this trade ends up working out for me in the end, it doesn't mean it was a good trade or a wise trade to have made. Trading without discipline is a guaranteed way to post losses, as I've already learned in the past. Time to work on some guidelines.
Yes, the weekly spread.
I let myself get frustrated with the way things were going this week, and made the mistake of going for the big gamble, hoping (a word that I know should never be used in trading) for a pull back. It seemed like a good idea at the time, but if silver settles down and doesn't move much (or moves up) for the rest of the week, it'll be costly.
Perhaps someday I will learn my lesson, and not rush into trades. It's possible I'm still frustrated with silver after losing internet mid-trade (forex, trading the XAG/USD pair) back in the spring and losing most of my balance at the time.
I just hope that, whatever the outcome, I learn something this week, and commit to not repeating these mistakes in the future.
Thanks. It all depends on what silver does overnight. At the close, SLV was at $29.05 with silver trading at $29.93 / oz, so I figure anything under $28.75 / oz at market open and SLV should be at or below $28.90, and I can probably get out even after commissions.
I'll make sure to do my best to follow THE rules, and only put around $200 into each trade, from now on.
You mean, like me?
Was up about $250 in 3 weeks (on a $500 initial balance), then a few poorly timed AAPL trades cost me. I'm not on all day like some, so I'm trying to play conservative trades, using spreads to slow the time decay as much as possible. Well, after AAPL dropped after the open today, I closed my weekly spread, and rushed a new trade. Now rather than $200 in a trade, I've got $580, and I'm afraid I may be on the wrong side of SLV (Jan wk2 29/28 put spread, in at $0.25).
Oh well, live and learn I suppose. Who knows, silver might even drop down a net a decent profit before all is said and done.
Is anybody else in any SLV weekly/monthly plays?
Hey guys, I'm just looking through some of the weeklies, and was wondering what you all think of the 20k+ open contracts for the GLD 152 puts?
I know it most likely has no meaning, but the fact that the next closest open interest on the put side is for the 157's, and that's only 1428, really made the number stand out.
Is this date confirmed by the company, or simply that which is listed on your broker's website?
According to their IR site (http://investor.apple.com/) the date isn't until after Jan options expire, and I just want to make sure myself and others are looking for earnings on the correct date.
http://investor.apple.com/
It just seems odd that everyone keeps talking about the week of the 20th (the 17th is a Tuesday and they seem to release on Tuesdays), when their site says otherwise. I guess we'll find out one way, or another, I just hope a nice little run comes along to make some money on my 425/430 call spread. Best of luck to you and any others betting on the earnings run-up.
I bought a few calls (well, call spreads because I don't have a lot of capital to risk) for the run up to earnings, but don't earnings come out after the January calls have already expired?
What I'm seeing on their site is an Earnings Release on the 24th at 2pm PDT. I've seen people talking about earnings on the 19th/20th which would be in time for the option expiration date, but have no clue where they've been finding those dates.
This is my first post on the board, but I've been following along for the last month or so, while preparing to get back into the game. I was planning on waiting for next week, but couldn't quite make it.
I was just wondering if anybody has been playing RIMM or FSLR calls? I got in on the weekly call spreads at 14/15 for RIMM, and 32/33 for FSLR, and was just wondering where you guys see them going tomorrow. I'm only playing with peanuts compared to the rest of you, and still have plenty to learn from those more knowledgeable than myself.
http://en.wikipedia.org/wiki/Capacity_factor#Typical_capacity_factors
That's the amount of power (percentage-wise) that you can expect to get per hour. I would assume solar is already incorporating the fact that you can't produce power at night and all that. So across the various types of energy, you can probably expect our projects to produce between 35% and 45% of the total capacity, consistently.
With the original intent of setting an alarm and at least seeing how the German markets opened at 3am, I fell asleep before I could do so.
Then, an awful nightmare woke me up, something about PSPW dropping 50% on 7 trades to start the day! I realize it was all a dream, look at the clock, and it reads 2:59am. Not the way I intended to wake up, but I guess it does the trick. Now to get back to reality, and hopefully see some much better numbers before the day is through.
Since I'm a free member, and can only respond publicly, I was wondering what you thought about this post?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63131952
I still can't find any connection to Rudana, but it seems to at least explain one more step in connecting the dots, as far as who is behind the unheard of Yellow Feather Investments and Viewpoint Investment Corporation entities.
YELLOW FEATHER AND VIEWPOINT IDENTIFIED!
http://www.morimor.com/offices/xprOfficeList4.aspx?xpST=OfficeList
Do those addresses look familiar?
Sorry if I seem excited, but I just spent a couple of hours trying to find them, and while not listed by name, the fact that this firm, which deals in mergers & acquisitions among other things, has offices in both locations can't be coincidence, can it?
Remember, ~7 million of those shares were previously under Rudana's control, and as they sold (5 late reports of sales mentioned in the 8-k and latest 10-k), we are left wondering where they ended up.
But as I posted previously over the weekend:
40,114,900 (Previous O/S) + 40,000,000 (To Seawind) + 19,607,843 (To Viewpoint) = 99,722,743 share accounted for, and exactly 10,000,000 shares remaining to be seen. The fact that it is a very well rounded number, it seems that either:
a.) In order to expedite the additional funding needed per the 8-k, the company is going to dilute (seems unlikely and counterproductive if they intend to uplist)
or b.) Additional shares have been issued for still ongoing acquisitions in the merger with Seawind International, or the rolling over of Rudana's projects.
Until we hear otherwise, I'm inclined to go with option B, and assuming Rudana did sell previously restricted shares on the open market, we still have a float of no more than 19,616,262 shares.
And taking this from the Julius Baer site (http://www.juliusbaer.com/htm/667/en/About-Julius-Baer.htm ):
The Julius Baer Group is the leading Swiss private banking group, focusing exclusively on the demands of sophisticated private clients, family offices and external asset managers from around the world. It has the largest international presence of all Swiss private banks with some 40 locations in more than 20 countries, including a comprehensive pan-Swiss network. Switzerland and Asia are the group’s two home markets, with the head office being located in Zurich.
..........
The shares of the Julius Baer Group are listed on the SIX Swiss Exchange and form part of the Swiss Market Index (SMI) of the 20 largest and most liquid Swiss stocks. With a BIS tier 1 ratio of 23.8 percent at the end of 2010 the Bank has a very sound financial foundation, well exceeding the minimum requirement of 4 percent. At the end of 2010, its total client assets amounted to CHF 267 billion, with assets under management accounting for CHF 170 billion. Julius Baer employs a staff of over 3 500 worldwide.
While Rudana was a nice name to have attached, there was little information available. If Julius Baer is now/was already in control of Rudana's ~19% interest in PSPW, that's pretty big!
Note - 1 CHF (Swiss Franc) is currently equal to $1.1207. So total assets under management exceed $190 billion for Bank Julius Baer.
Also, an interesting aside to the whole Bank Julius Baer entity. Back in 2008, they were temporarily successful in shutting down the now well-known WikiLeaks site through a court-ordered injunction.
http://news.bbc.co.uk/2/hi/technology/7250916.stm
If you look at the April 15th 10-k filing:
http://www.sec.gov/Archives/edgar/data/1221554/000114420411022550/v218606_10k.htm
You'll see that the latest share count for Rudana was 20,498,638. Now, looking at the 8-k filing from Friday, Bank Julius Baer & Co. Ltd. of Zurich, Switzerland is listed with the same identical share count. It seems that Rudana and Julius Baer are one in the same for share accountability purposes.