Oh ok thought if friday is trAding day or not.

when will options expire this week?? is that tomorrow or on friday?

this is one heck of a day. its just a slow parabolic move up with little $1-2 pull backs, no 11am dump no 3pm dump just all the way up.

days such as this extreme up day will either have following dump day to give up all the gains, or maybe have another extreme upday $600 will be up tomorrow another $40.futures and s&p up now

no sideways or $5-10 movements.

futures/s&p 500 down .10%

It is going south so far. Also futures has to maintain today's gains.

nice day for longs congrats.

check oct 6th, oct 7th dow days.

on oct6th dow up 160+ points, next day oct 7th it gave up 300 points by opening lower and falling off during the day and again recovered later the day.

aapl is matching dow and spy we have to wait and see what dow/spy going to do tomorrow.

so its always good to take profits off if ur long.

profit taking will start at 3pm imo.

I see a correction tomorrow imo. lot of folks will take profit taking along with dow down day. unless fiscal cliff is resolved we dont see dow/spy moving up entirely may be back and forth.

it will be interesting to see if this closes HOD eod or will this close in low 540's or even 530's

$30 upday is unusual since oct.im thinking it will give up some gains today eod.

Futures showing green after long time. hope they stay green monday open.

Monday can be tense day for both longs and shorts.

imo it will open 530+ tomorrow and goes up 535 and has to hold 535 till 12 pm to call it for longs.

if it falls below 530's into low 520's im thinking this will close at 520's which means shorts has upper hand in the week

If this cannot move higher eod monday into 530+ range we will see 510's and lower 500's by wednesday.

similar pattern if it works well for longs

531.00 535.13 523.85 534.76

for shorts

531.00 531.77 509.62 509.84

I am just playing around with straddle and i see price types as market/net debit/net credit/even which price option did you select?

Symbol

ADJUSTED OPTIONS

APPLE INC COM (AAPL)



527.67 +2.05 (+0.39%) Bid: 529.1 Ask: 529.49 Vol: 45,246,109



Price Type
- -MarketNet DebitNet CreditEven Price
Term
Good For The DayGood For 60 DaysImmediate or Cancel
All-or-none

MIDPOINT: $45.70

Last Bid (Size) Ask (size) Volume
23.70* 23.85 (10) 23.95 (1) 6,998
22.00** 21.65 (45) 21.95 (1) 10,691
Net: 45.50 45.90
*11/16/12 3:59:00 PM ET **11/16/12 3:59:00 PM

yes your correct.

risking whole amount on 1 option play is very risky but can be very rewarding if ur correct.

now straddle can be nice option on days where there is sideways movement, you can gain some $ on both sides.

any idea about butterfly(butterfly and iron butterfly) and condor(condor,iron condor), can you try that with paper money and let me know how it plays out?

5 star post. Lucky those folks

its entirely possible with apple now if you trade in right direction.

it works out if aapl goes all the way to 400 and then bounce off from 400 to 550+

Actually it can work better if you know when to sell long and when to sell puts. it works out well in $5 move either sides we can benefit in both longs and shorts.if we can catch 50% moves on either sides it can be good. but if it goes in only 1 direction you dont gain anything out of the trade.

can you give more details how you placed this straddle option call?

buy open and sell close with straddle option?

not yet next week can be decisive for aapl.

may be 1 green following after 2 red days.

may be red days coming next week. who knows market plays important role next week.

4 mins to go green or red??

Guess your betting against the trend, 8 straight down weeks.
next week is short and it will be like make or break for aapl.

if its down week again we will see 400's.
once we are in 400's its freefall just like 585 to 535 took 3,4 days.
imho 425-400 is bottom. couple of 200 down days we will be in lower 400's imho.tax selling is going to get more in december.

we dont know if market correction is going to happen like in 2008.if it adds up we will see further down for apple. next week is key. wait till next week to bet on long side, more chances going down here.

i am not checking vrng that much busy with aapl option plays.

so when is the final verdict anytime or long wait?

should i wait or buy rest of my 480 dec 22 puts.

looks like it is very risky to open short positions now untill 505 is breached.

i guess we will end green today.

opened partial position for 475 dec 22 puts dont know if this hits 475 by then.

right now cant risk whole amt i will not buy more untill 500 is breached.

got 23k with aapl puts today.

sold my 530 puts for good gains.

waiting to enter for 480 puts(dec).

scared what this will do tomorrow. Hoping for atleast 512 will be hit which is 10 points below today's lows. dow futures is down 30 points to 12490. largerly depends on dow/spy movement tomorrow.

if dow falls 100 points in am we have good chances what ur saying.

if this does break 500 tomorrow, next week will be fun down ride.

i guess those options are for advanced users, options puts and calls or for those who have less exp in options plays.

check this for straddle.

http://en.wikipedia.org/wiki/Straddle

i have 530 puts expiring tomorrow, should i wait till 515 to hit or any chance this will visit below 510.

similar pattern below can follow if it works out for longs

523.66 533.69 516.22 530.26 28,879,526 530.26

if tomorrow is 200 points down day for dow we will visit <510

since tomorrow is my last day of my puts expiry can i sell my puts after hours after market closed if price is going down and i decided to wait for better price.

can you tell how straddle option works?? are you going with short straddle or long straddle??

if it goes to 500 below my Nov 17th 530 puts will look delicious!!

http://www.marketwatch.com/story/the-bear-bites-apple-2012-11-14

similar pattern forming for tomorrow.

2012/03/07 536.80 537.78 523.30 530.69 28,416,497 530.69

where do you see this going by friday?

Thanks my 530 strike price i can execute at low 520's above 10 bucks.

1 question. Are we obligated to sell puts after hitting the strike price or can we wait for better price? if we dont intiate the trade after the strike price hits will it be taken out from you.looks like my 530 strike price will hit tomorrow am.

$533 resistance will be taken off after hours today or premarket tomorrow. Looks this will open low 530's tomorrow.

sell it while you can and buy at 475.

if market indeed tumbles 400's will be tight to hold.

very very risky to be long now.

You should have waited till next week.

Once 533 is broken next support is at 508, once 500 is broken it will bleed till mid 400's or 475.

similar pattern forming here. it should be a $20 move tomorrow for sure. if it cant break $550 tomorrow for 3rd time $20 down day coming in this week, next stop is $520

2012/11/02 595.89 596.95 574.75 576.80 21,383,968 576.80
2012/11/01 598.22 603.00 594.17 596.54 12,897,267 596.54
2012/10/31 594.88 601.96 587.70 595.32 18,186,982 595.32

but who knows 535-545 is perfect spot for MM both the call options and puts are loosing in that range, they might want to hold this in this range untill nov 17th options expire.

or market can by itself drive aapl down couple of $20 down days(150+ down days in DOW) we will be in 400's.