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With a little luck I will be able to post my trades from the last few days in the morning. Been really jammed at work and at home. I had a really fantastic month or two after a not so good month before that but i've really been killing it the last few weeks.
I'll try to post my trades and positions and my thoughts going forward.
Rickk
Thx.
It was a great day and i'm hoping to continue it today!
Current Positions and Trades...
Trades since last post Underlined
AAPL $99C @ .455 - DEAD
BP Aug 1 $52C @ .18 - DEAD
BWLD Aug $170C @ $2.225 - sold them flat
BWLD Aug 16 $150C @ $1.80
FB Aug 16 $72P avg to .785
FB Aug 16 $70P avg to .3875
HLF Sep 20 $50P avg to $1.251 - Sold 1/3 @ $2.60
HLF Sep 20 $55P avg to $1.856 - Sold 1/3 @ $4.35
IBM Aug 1 $180P @ .225 - DEAD
ISRG $460P @ $1.985 - sold 2 0f 5 @ $2.70
ISRG Aug 8 $445P @ $1.40
ISRG Sep 20 $440P @ $7.50
ISRG Sep 20 $425P @ $4.30
IWM $112.50P @ .37 - sold 1/2 @ .74 - sold Bal @ .91
NFLX $410P avg to .28.5
NFLX $415P avg to .456
NQ Aug 1 $5.50P avg to .065 - DEAD
NQ Aug 1 $5P avg to .05 - DEAD
NQ Aug 16 $6.50P @ .30
NQ Aug 16 $7P @ .40
NQ Aug 22 $7P @ .42
NQ Sep 20 $6P @ .52
PCLN $1225P @ $1.65
SOHU Aug $60C avg to .763
SPY Aug 1 $197P @ .59 - sold 1/3 @ $1.29 - 1/3 @ $1.88 - sold Bal @ $2.25
SPY Aug 1 $196.50P @ .45 - sold 1/3 @ $1.05 - 1/3 @ $1.46 - sold Bal @ $1.86
SPY Aug 1 $196P @ .355 - sold 1/3 @ .86 - 1/3 @ $1.19 - Sold Bal @ $1.48
SPY Aug 1 $195P @ .23 - sold 1/3 @ .55 - 1/3 @ .73 - sold Bal @ .92
SPY Aug 1 $194P @ .165 - sold 1/3 @ .36 - sold 1/3 @ .435 - sold Bal @ .55
SPY $193.50P @ .598
SPY $193P @ .446
SPY $192/$190PS @ .05 CREDIT
TWTR Aug 1 $35P @ .845 - DEAD
TWTR $46P @ .49 - sold @ $1.64
TWTR Aug 8 $45P @ .65 - sold 1/2 @ $1.57
X 27P @ .22 - DEAD
AMGN $120P @ .51 - DEAD
CTRP $70C @ $1.20 - DEAD
ESRX $68.50C @ .886 - sold @ $1.67
GLUU Aug $6P @ .20 - sold @ .475
WFM $40C @ .75 - DEAD
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
Current Positions and Trades...
Trades since last post Underlined
AAPL $99C avg to .455
BP Aug 1 $52C @ .18 - DEAD
BWLD Aug $170C @ $2.225 - Sold 40% @ $5.40 - basically a flat trade
FB Aug 16 $72P avg to .785
FB Aug 16 $70P avg to .3875
HLF $62.50P @ .71 - sold 1/2 @ $3.30 - Sold bal @ $3.50 - 5 Bagger!!
HLF Sep 20 $50P avg to $1.251 - Sold 1/3 @ $2.60
HLF Sep 20 $55P avg to $1.856 - Sold 1/3 @ $4.35
HLF $57.50P @ .705 - sold @ $2.28 - 3+ Baggerr!
IBM Aug 1 $180P @ .225 - DEAD
ISRG $460P @ $1.985
ISRG Aug 8 $445P @ $1.40
ISRG Sep 20 $440P @ $7.50
ISRG Sep 20 $425P @ $4.30
IWM $112.50P @ .37
NFLX $410P avg to .42
NFLX $415P @ .663
NQ Aug 1 $5.50P avg to .065 - DEAD
NQ Aug 1 $5P avg to .05 - DEAD
NQ Aug 16 $6.50P @ .30
NQ Aug 16 $7P @ .40
NQ Aug 22 $7P @ .42
NQ Sep 20 $6P @ .52
PCLN $1250/$1260CS @ $1.20 CREDIT!! - Sold @ $6.05 - effective sale $7.25 with zero cost - INFINITY BAGGER!!
SOHU Aug $60C avg to .976
SPY Aug 1 $197P @ .59 - sold 1/3 @ $1.29
SPY Aug 1 $196.50P @ .45 - sold 1/3 @ $1.05
SPY Aug 1 $196P @ .355 - sold 1/3 @ .86
SPY Aug 1 $195P @ .23 - sold 1/3 @ .55
SPY Aug 1 $194P @ .165 - sold 1/3 @ .36
TWTR Aug 1 $35P @ .845 - DEAD
TWTR $46P @ .49
TWTR Aug 8 $45P @ .65
New ER's Plays...
X 27P @ .22 - DEAD
AMGN $120P @ .51 - DEAD
CTRP $70C @ $1.20 - DEAD
ESRX $68.50C @ .886
GLUU Aug $6P @ .20
WFM $40C @ .75 - DEAD
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
Current Positions and Trades...
Trades since last post Underlined
AAPL $95P @ .15 - sold @ .11 - 26% Loss
AAPL $99C @ .56
BP Aug 1 $52C @ .18 - DEAD
BWLD Aug $170C @ $2.225
FB Aug 16 $72P @ .86
FB Aug 16 $70P @ .465
HLF $62.50P @ .71 - sold 1/2 @ $3.30 - holding balance
HLF Sep 20 $50P avg to $1.251
HLF Sep 20 $55P avg to $1.856
IBM Aug 1 $180P @ .225 - DEAD
ISRG Sep 20 $440P @ $7.50
ISRG Sep 20 $425P @ $4.30
NFLX $410P avg to $1
NQ Aug 1 $5.50P avg to .065
NQ Aug 1 $5P avg to .05
PCLN $1250/$1260CS @ $1.20 CREDIT!!
SOHU Aug $60C avg to $1.13
SPY Aug 1 $197P avg to .59
SPY Aug 1 $196.50P avg to .45
SPY Aug 1 $196P avg to .355
SPY Aug 1 $195P avg to .23
SPY Aug 1 $194P avg to .165
TWTR Aug 1 $35P avg to .845
New ER's Plays...
X 27P @ .24
AMGN $120P @ .57
CTRP $70C @ $2.10
ESRX $68.50C @ .886
GLUU Aug $6P @ .20
WFM $40C @ .75
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
NlightN
S/B $68.50 not $28.50
New Er's Plays
These are er's plays i'm watching for the next couple of days...
AMGN $120P
DWA $25C
ESRX $28.50C
X $27P
SODA $33.50C
SAM $230/$240CS
Current ER's Plays...
BP $52C - DEAD
HLF $62.50P - SCORE!
SOHU Aug $60C - still holding
TWTR $35P
Current Positions and Trades...
Trades since last post Underlined
AAPL $95P @ .15 - sold @ .11 - 26% Loss
AAPL $99C @ .56
BP Aug 1 $52C @ .18
BWLD Aug $170C @ $2.225
FB Aug 16 $72P @ .86
FB Aug 16 $70P @ .465
HLF $62.50P @ .71
HLF Sep 20 $50P avg to $1.251
HLF Sep 20 $55P avg to $1.856
IBM Aug 1 $180P @ .225
ISRG Sep 20 $440P @ $7.50
ISRG Sep 20 $425P @ $4.30
NFLX $410P avg to $1.485
NQ Aug 1 $5.50P avg to .065
NQ Aug 1 $5P avg to .05
PCLN $1250/$1260CS @ $1.20 CREDIT!!
SOHU Aug $60C avg to $1.13
SPY Aug 1 $197P avg to .68
SPY Aug 1 $196.50P avg to .54
SPY Aug 1 $196P avg to .425
SPY Aug 1 $195P avg to .29
SPY Aug 1 $194P avg to .22
TWTR Aug 1 $35P @ .895
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
yes I think they will be weak and until they come up with a plan to monetize there could continue to be weakness.
nlightn
It is really a debit spread but I've created it with a credit. A credit spread is when you would SELL the spread which means they pay you for the spread thereby giving yourself a credit.
shibbitz
when you do spreads (Call Spreads for example) you are making a bet that the stock will go to the further out strike. For example...
PCLN $1250/$1260 CS....
A vertical Call spread is where you BUY the closer strike Call and you SELL the further strike Call to lower the cost of the trade. So therefore if you look at where PCLN calls closed Friday you would have been able to buy the spread at $1.40 ($3.07 for the Long Call minus $1.67 for the Short Call). But what I did was I bought the long call only, then I waited until the stock went up. When the stock goes up so does the price of the options. So when the stock went up a lot the price of the $1260 Calls exceeded the price I paid for the $1250C thereby creating a CREDIT. For example - if I bought the $1250 Calls on Friday @ $3.07 and PCLN went up $20 (or whatever) the price of the $1260 could go to $4.57 thereby giving me a credit of $1.50. That means no matter what happens I cannot lose because I just made $1.50 per spread ($150). But spreads also limit your gains. The most you can make on the trade would be $10 per spread ($1000) the difference between the strike prices, if the stock reaches or exceeds $1260 less the cost of the spread. In this example since there is a credit the max gain would be $10 + the $1.50 credit ($1,150 per spread).
my pleasure, and feel free to ask me questions on my thoughts or just anything. When I see it i'll respond.
mdg
that's what makes a market! If we were all on the same side there would be no one to take the other side and thus no market!
But tell me mdg, do you ever buy Puts or are you strictly a Call player as 85% of the market is?
Just so you know I've been playing AAPL Calls for a few weeks and it hasn't worked out so well for me and I've been playing pcln Calls and they have worked very well for me. I do like FB but I think it is rich here and needs a pullback to go higher. I very rarely play SINA because it has my number even though I did make nice money the past 2 plays (but 4 for 15-20 ain't so great!!). I don't play the 3D stocks as they make no sense at all to me.
thx JB!
CED
you know i'm bearish at these levels. I do have a couple of er's plays that are calls though.
ced
I think the market will move based on geopolitical issues over the weekend and er's monday morning.
Current Positions and Trades...
Closed Trades...
AAPL July 25 $100C avg to .73 - expired
AAPL July 25 $102C avg to .435 - expired
AMZN $340P @ $3.35 - sold @ $24.61 7+ Bagger!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!- expired But with a $3.75 CREDIT!!
NFLX $425P @ $2.60 sold @ $7.05
NFLX $425/$417.50PS Cost .55 CREDIT - sold @ $4.50 effective sale $5.05 w/zero cost - INFINITY BAGGER!!
SPY July 25 $198P @ .226 sold @ .43
SPY July 25 $197.50P @ .145 sold @ .23
TWTR July 25 $36.50/$35PS @ .34 CREDIT!! Expired but with a .34 CREDIT
Z July 25 $125/$120PS @ .35 CREDIT!! - sold 1/2 @ $1.85 - effective sale @ $2.20 w/zero cost - Infinity Bagger!! the offer 1/2 expired but with a .35 CREDIT
Open Trades
BP Aug 1 $52C @ .18
BWLD Aug $170C @ $2.225
FB Aug 16 $72P @ .86
FB Aug 16 $70P @ .465
HLF Sep 20 $50P @ $1.422
HLF Sep 20 $55P @ $2.122
IBM Aug 1 $180P @ .225
ISRG Sep 20 $440P @ $7.50
ISRG Sep 20 $425P @ $4.30
NFLX $410P @ $1.91
NQ Aug 1 $5.50P @ .145
NQ Aug 1 $5P @ .07
PCLN $1250/$1260CS @ $1.20 CREDIT!!
SOHU Aug $60C @ $1.265
SPY Aug 1 $197P @ .78
SPY Aug 1 $196.50P @ .63
SPY Aug 1 $196P @ .50
SPY Aug 1 $195P @ .34
SPY Aug 1 $194P @ .30
TWTR Aug 1 $35P @ .895
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
Commentary.....
So what has fueled a lot of this upside in the market?
*Recovery? Yes, even though it is very weak in historical context.
*Buybacks? Yes, a very big part.
*No place else to get a return? HUGE.
But what other factor.....
*TAKEOVERS. If companies feel that these stocks are priced low enough to buy then the market should be pricing them higher, right?
Yes, BUT......
When a company is looking for potential takeover targets there are a lot of things to take into account:
*Why do they need to acquire?
*Does the acquisition make sense in terms of what the company is trying to accomplish
*At what price does it make sense
*Are there SYNERGIES?
Let's look at WHY:
Why does a company usually look to acquire? A few reasons but the two biggest that are responsible for most of the action over the past two years are:
1. The competition: they are doing things that you don't and you need to keep pace or they beat you to the punch in acquiring and you have to get involved.
2. No Organic Growth: Your company has stagnated and it can't seem to generate growth
Let's look at Does it Make Sense:
This is a tough one. How many times have you heard after a takeover "This seems a little strange. I don't necessarily see the reason for this acquisition."
This happens way too often when a company feels compelled to make an acquisition because the market is looking for one or you just can't seem to get growth going and you grasp at straws.
Let's look at What Price:
There have been some stunning acquisitions with crazy valuations, especially the non public startups. We are in a crazy cycle when every startup again is being valued at crazy numbers. This to me is the REAL BUBBLE.
For the public companies which are being acquired it puzzles me every time I hear a CEO say "this offer is insufficient" to offers 20% to 60% premiums over their closing prices. Yet if the market had gotten the stock up to those levels they would say that their valuation is correct and they would take credit for getting the stock up to those levels.
Let's look at Growth:
No organic growth is the downfall of many a company. Products and strategies stagnate. You start to lose market share, new offerings in your product line or refresh cycles don't meet expectations. This is obviously not a good thing. Not a great thing for the Board and Upper Mgmt. So what is the answer....
Let's Acquire someone! This is good and bad. A majority of companies make the wrong purchase or overpay severely. This is bad. If they do get it right it is great for the company but time will tell IMO that a majority of these takeovers will prove to be bad or ineffective.
Now to my real point
SYNERGIES:
What does this really mean? Why are synergies good? They are good because the businesses compliment each other. They are good because they SAVE MONEY. This is real benefit. So why do I think this takeover wave will prove to be bad for the market in the not too distant future? SYNERGIES!
YES SYNERGIES! WHY?
SYNERGIES=LAYOFFS
This has been a very weak Jobs related recovery. Yes we are down in the 6% - 7% area but many say that at least 3%-6% is a result of people LEAVING THE LABOR MARKET. Many are waiting for a stronger recovery to return. I'm not so sure that will happen. Many acquirers are starting to announce large lay-offs and that will start to weigh on the market again. Unemployment will start to rise along with inflation and rising interest rates. I'm not saying we will go into a recession I'm just saying that the picture (in my eyes) is not as rosy as many would like to think it is.
Takeovers have fueled the market and it could very likely be it's downfall.
Current Positions and Trades...
Trades since last post are underlined
AAPL July 19 $100C @ .053
AAPL July 25 $100C avg to .73
AAPL July 25 $102C avg to .435
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.10
IBM July 25 $182.50 avg to .886
IBM Aug 1 $180P @ .766
IWM July 19 $116/$114PS @ .16 CREDIT!! - sold 1/2 @ $1.31 effective sale @ $1.47 w/zero cost - Infinity Bagger!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
MA July 25 $73.50P @ .1925
PCLN $1245/$1255CS (5) @ $1.54 CREDIT!!
PCLN $1245/$1260CS (2) @ .45 CREDIT!!
SPY $198WP @ .525
SPY $197WP @ .245
SPY July 25 $197P @ .63
SPY July 25 $196.50P @ .53
SPY Aug 1 $195P @ .64
SPY Aug 1 $194P @ .50
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
Z July 25 $125/$120PS @ .35 CREDIT!! - sold 1/2 @ $1.85 - effective sale @ $2.20 w/zero cost - Infinity Bagger!!
Current Positions and Trades...
Trades since last post are underlined
AAPL July 19 $100C avg to .053
AAPL July 25 $100C @ .79
AAPL July 25 $102C @ .47
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
AZO July $530P @ $2.68 - sold 1/2 @ $4.48 - sold bal @ $1.70 avg sale $3.09
BIDU July 25 $180/$175Ps @ .86 CREDIT!! - sold 1/2 @ $1.91 effective sale $2.77 - sold Bal @ $1.20 - effective sale $2.06 - w/zero cost - Infinity Bagger!!
FB July 19 $62.50/$60PS @ .17 CREDIT!! - sold @ .05 - effective sale @ .22 w/zero cost - Infinity Bagger! - not what I was looking for but a win is a win!
FB July 25 $60/$58PS @ .29 CREDIT!! - Sold @ .37 - effective sale @ .56 - w/zero cost - Infinity Bagger!!
GMCR July 25 $121/$118PS @ .39 CREDIT!! - sold @ $1.40 - effective sale @ $1.79 w/zero cost - Infinity Bagger!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.833
IBM July 25 $182.50 avg to $1.52
IBM Aug 1 $180P @ $1.28
IWM July 19 $116/$114PS @ .16 CREDIT!! - sold 1/2 @ $1.31 effective sale @ $1.47 w/zero cost - Infinity Bagger!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
MA July 25 $73.50P @ .335
NFLX July 19 $440/$425PS @ $1.115 CREDIT!! - sold 1/3 @ $9.37 effective sale @ $10.485 w/zero cost - Infinity Bagger!!- sold Bal @ $1.92 effective sale @ $3.035 w/zero cost - Infinity Bagger!!
PCLN $1245/$1255CS (5) @ $1.54 CREDIT!!
PCLN $1245/$1260CS (2) @ .45 CREDIT!!
SPY July 19 $195/$193PS @ .05 CREDIT!! -Sold @ .27 effective sale @ .32 w/zero cost - Infinity Bagger!!
SPY July 19 $194/$193PS @ .20 CREDIT!! sold @ .15 effective sale @ .35 w/zero cost - Infinity Bagger!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger! - sold 1/3 @ $2.14 - 6+ Bagger!! sold bal @ .82 - avg sale $1.563 - overall 4.5 Bagger!!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
Z July 25 $125/$120PS @ .35 CREDIT!! - sold 1/2 @ $1.85 - effective sale @ $2.20 w/zero cost - Infinity Bagger!!
Current Positions...
AAPL July 19 $100C avg to .0788
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
AZO July $530P @ $2.68 - sold 1/2 @ $4.48
BIDU July 25 $180/$175Ps @ .86 CREDIT!! - sold 1/2 @ $1.91 effective sale $2.77 - Infinity Bagger
FB July 19 $62.50/$60PS @ .17 CREDIT!!
FB July 25 $60/$58PS @ .29 CREDIT!!
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.833
IBM July 25 $182.50 avg to $1.52
IBM Aug 1 $180P @ $1.28
IWM July 19 $116/$114PS @ .16 CREDIT!! - sold 1/2 @ $1.31 effective sale @ $1.47 w/zero cost - Infinity Bagger!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
MA July 25 $73.50P @ .335
NFLX July 19 $440/$425PS @ $1.115 CREDIT!! - sold 1/3 @ $9.37 effective sale @ $10.485 w/zero cost - Infinity Bagger!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger! - sold 1/3 @ $2.14 - 6+ Bagger!!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
Z July 25 $125/$120PS @ .35 CREDIT!!
Trades....
I have underlined the trades I made since the last post...
AAPL July 19 $100C avg to .0788
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
AMZN July 19 $325/$320PS @ $2.53 CREDIT!! - Sold 1/2 @ $2.50 effective sale @ $5.03 w/zero cost - Infinity Bagger!! - sold bal @ .65 - effective sale $3.18 - Infinity Bagger!!
AMZN Aug 1 $310/$300PS @ .15 CREDIT!! - sold @ $1.66 - effective sale $1.81 - Infinity Bagger
AZO July $530P @ $2.68 - sold 1/2 @ $4.48
BIDU July 25 $180/$175Ps @ .86 CREDIT!! - sold 1/2 @ $1.91 effective sale $2.77 - Infinity Bagger
FB July 19 $62.50/$60PS @ .17 CREDIT!!
FB July 25 $60/$58PS @ .29 CREDIT!!
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.833
IBM July 25 $182.50 avg to $1.52
IBM Aug 1 $180P @ $1.28
IWM $117/$115.50PS @ .29 CREDIT!! - sold 2/3 @ $1.59 effective sale @ $1.88 w/zero cost - Infinity Bagger!! - sold bal @ $1.45 - effective sale @ $1.74 w/zero cost - Infinity Bagger!!
IWM $116.50/$115.50PS @ .39 CREDIT!! sold @ $1.12 effective sale @ $1.51 w/zero cost - Infinity Bagger!! - sold bal @ sold @ .80 effective sale @ $1.19 w/zero cost - Infinity Bagger!!
IWM July 19 $116/$114PS @ .16 CREDIT!! - sold 1/2 @ $1.31 effective sale @ $1.47 w/zero cost - Infinity Bagger!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
LNKD July 25 $160/$155PS @ $2.225 CREDIT!! - sold 1/4 @ $2.70 effective sale @ $4.925 w/zero cost - Infinity Bagger!! - sold bal @ $2.63 - effective sale @ $4.855 - Infinity Bagger!!
MA July 25 $73.50P @ .335
NFLX July 19 $440/$425PS @ $1.115 CREDIT!! - sold 1/3 @ $9.37 effective sale @ $10.485 w/zero cost - Infinity Bagger!!
SPY $196.50P @ .31 sold 2/3 @ $1.44 - 4.5+ bagger - sold Bal @ .62 - 2 bagger!
SPY $197/$195PS @ ZERO - sold 2/3 @ $1.40 - infinity bagger!! - sold bal @ $1.04 effective sale @ $1.28 w/zero cost - Infinity Bagger!!
SPY $196/$195PS @ .24 CREDIT!! - sold 2/3 @ .75 - effective sale .99 w/zero cost - Infinity Bagger!! - - sold bal @ .33 effective sale @ .57 w/zero cost - Infinity Bagger!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger! - sold 1/3 @ $2.14 - 6+ Bagger!!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
VXX $28WC @ .25 - sold 2/3 @ $1.18 - 4.7 Bagger!! - sold Bal @ .69
Z July 25 $125/$120PS @ .35 CREDIT!!
New Trades...
WFC $51.50P @ .35 - sold @ .50
WFC $51P @ .216 - sold @ .25
ced
I actually will do that quite a bit. If I anticipate a stock to do something based on news/er's, I will play another stock in the sector that follows because the IV of the stock will be much lower and the options will be cheaper and they won't lose IV after the event. I do this before the fact but many will do it after.
yes but WFC is a bellweather and an indicator of the mortgage/housing market. watch the headlines on guidance
thank you
ced700
watch the financials er's. If they are good market will test highs and then fall back some. If they are in-line then it will be mixed and then fade and if the are light we will see a sell-off. I still do think this market needs a shakeout and we will get it at some point. Most of what I have left expire in a week or two.
Trades....
I have underlined the trades I made since the last post...
AAPL July 19 $100C avg to .0976
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
AMZN July 19 $325/$320PS @ $2.53 CREDIT!! - Sold 1/2 @ $2.50 effective sale @ $5.03 w/zero cost - Infinity Bagger!!
AMZN Aug 1 $310/$300PS @ .15 CREDIT!!
AZO July $530P @ $2.68
BIDU July 19 $185/$180PS @ $1.25 CREDIT!! - Sold @ $4.80 effective sale @ $6.05 w/zero cost - Infinity Bagger!!
BIDU July 25 $180/$175Ps @ .86 CREDIT!!
CMG July 19 $575/$565PS @ $1.15 CREDIT!! - sold @ .93 - effective sale $2.08 with a zero cost basis - INFINITY BAGGER!
FB July 19 $62.50/$60PS @ .17 CREDIT!!
FB July 25 $60/$58PS @ .29 CREDIT!!
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.833
IBM July 25 $182.50 avg to $1.52
IBM Aug 1 $180P @ $1.28
IWM $117/$115.50PS @ .29 CREDIT!! - sold 2/3 @ $1.59 effective sale @ $1.88 w/zero cost - Infinity Bagger!!
IWM $116.50/$115.50PS @ .39 CREDIT!! sold @ $1.12 effective sale @ $1.51 w/zero cost - Infinity Bagger!!
IWM July 19 $116/$114PS @ .16 CREDIT!! - sold 1/2 @ $1.31 effective sale @ $1.47 w/zero cost - Infinity Bagger!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
LNKD $167.50WP @ $1.62 - sold 1/2 @ $9 - 5.5 Bagger!! - sold bal @ $11.95 - 7+ Bagger!!
LNKD July 25 $160/$155PS @ $2.225 CREDIT!! - sold 1/4 @ $2.70 effective sale @ $4.925 w/zero cost - Infinity Bagger!!
MA July 25 $73.50P @ .335
NFLX $455WP @ $2.65 - sold 1/3 @ $12 - 4.5 Bagger!! - sold 1/3 @ $14.40 - about 5.5 Bagger!! sold bal @ $24 - 9+ Bagger!!
NFLX July 19 $440/$425PS @ $1.115 CREDIT!! - sold 1/3 @ $9.37 effective sale @ $10.485 w/zero cost - Infinity Bagger!!
QIHU July 19 $90/$87.50PS @ .70 CREDIT!! - sold @ $2.20 - effective sale $2.90 w/zero cost INFINITY BAGGER
QQQ $95C @ .26 - sold @ .24 - This was strictly a hedge play so it worked out even though I lost a couple of pennies
SPY $196.50P @ .31 sold 2/3 @ $1.44 - 4.5+ bagger
SPY $197/$195PS @ ZERO - sold 2/3 @ $1.40 - infinity bagger!!
SPY $196/$195PS @ .24 CREDIT!! - sold 2/3 @ .75 - effective sale .99 w/zero cost - Infinity Bagger!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger! - sold 1/3 @ $2.14 - 6+ Bagger!!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
VXX $28WC @ .25 - sold 2/3 @ $1.18 - 4.7 Bagger!!
Z July 25 $125/$120PS @ .35 CREDIT!!
New Trades...
SPY $195.50P @ .216
WFC $51.50P @ .35
WFC $51P @ .216
Trades....
Old Open Trades....
I have underlined the trades I made since the last post..
AAPL July 19 $100C avg to .1253
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
AMZN July 19 $325/$320PS @ $2.53 CREDIT!! - Sold 1/2 @ $2.50 effective sale @ $5.03 w/zero cost - Infinity Bagger!!
AMZN Aug 1 $310/$300PS @ .15 CREDIT!!
AZO July $530P @ $2.68
BIDU July 19 $185/$180PS @ $1.25 CREDIT!! - Sold @ $4.80 effective sale @ $6.05 w/zero cost - Infinity Bagger!!
BIDU July 25 $180/$175Ps @ .86 CREDIT!!
CMG July 19 $575/$565PS @ $1.15 CREDIT!! - sold @ .93 - effective sale $2.08 with a zero cost basis - INFINITY BAGGER!
FB July 19 $62.50/$60PS @ .17 CREDIT!!
FB July 25 $60/$58PS @ .29 CREDIT!!
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.833
IBM July 25 $182.50 avg to $1.52
IBM Aug 1 $180P @ $1.28
IWM $117/$115.50PS @ .29 CREDIT!! - sold 2/3 @ $1.59 effective sale @ $1.88 w/zero cost - Infinity Bagger!!
IWM $116.50/$115.50PS @ .39 CREDIT!! sold @ $1.12 effective sale @ $1.51 w/zero cost - Infinity Bagger!!
IWM July 19 $116/$114PS @ .16 CREDIT!! - sold 1/2 @ $1.31 effective sale @ $1.47 w/zero cost - Infinity Bagger!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
LNKD $167.50WP @ $1.62 - sold 1/2 @ $9 - 5.5 Bagger!! - sold bal @ $11.95 - 7+ Bagger!!
LNKD July 25 $160/$155PS @ $2.225 CREDIT!! - sold 1/4 @ $2.70 effective sale @ $4.925 w/zero cost - Infinity Bagger!!
MA July 25 $73.50P @ .335
NFLX $455WP @ $2.65 - sold 1/3 @ $12 - 4.5 Bagger!! - sold 1/3 @ $14.40 - about 5.5 Bagger!! sold bal @ $24 - 9+ Bagger!!
NFLX July 19 $440/$425PS @ $1.115 CREDIT!! - sold 1/3 @ $9.37 effective sale @ $10.485 w/zero cost - Infinity Bagger!!
QIHU July 19 $90/$87.50PS @ .70 CREDIT!!
QQQ $95C @ .26
SPY $196.50P @ .31 sold 2/3 @ $1.44 - 4.5+ bagger
SPY $197/$195PS @ ZERO - sold 2/3 @ $1.40 - infinity bagger!!
SPY $196/$195PS @ .24 CREDIT!! - sold 2/3 @ .75 - effective sale .99 w/zero cost - Infinity Bagger!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger! - sold 1/3 @ $2.14 - 6+ Bagger!!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
VXX $28WC @ .25 - sold 2/3 @ $1.18 - 4.7 Bagger!!
Z July 25 $125/$120PS @ .35 CREDIT!!
thx
thx rickk
Thanks JB
My only regret is dumping PCLN yesterday. They were great trades but when the market ripped back up higher I decided to take my "measly" profit. I loved the trade and shouldn't have gotten spooked. I was sitting with ALL house money!
instead of making less than 50% i would be banking with potentially a 3-5 bagger! this was just an "add-on" trade for me just playing the market bounce along with my "add-on" SPY and VXX trades. At least I kept those two.
Trades....
Old Open Trades....
I have underlined the trades I made since the last post..
AAPL July 19 $100C avg to .1253
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
AMZN July 19 $325/$320PS @ $2.53 CREDIT!!
AMZN Aug 1 $310/$300PS @ .15 CREDIT!!
AZO July $530P @ $2.68
BIDU July 19 $185/$180PS @ $1.25 CREDIT!!
BIDU July 25 $180/$175Ps @ .86 CREDIT!!
CMG July 19 $575/$565PS @ $1.15 CREDIT!! - sold @ .93 - effective sale $2.08 with a zero cost basis - INFINITY BAGGER!
FB July 19 $62.50/$60PS @ .17 CREDIT!!
FB July 25 $60/$58PS @ .29 CREDIT!!
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P avg to $1.833
IBM July 25 $182.50 avg to $1.52
IBM Aug 1 $180P @ $1.28
IWM $117/$115.50PS @ .29 CREDIT!!
IWM $116.50/$115.50PS @ .39 CREDIT!!
IWM July 19 $116/$114PS @ .16 CREDIT!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
LNKD $167.50WP @ $1.62 - sold 1/2 @ $9 - 5.5 Bagger!! - sold bal @ $11.95 - 7+ Bagger!!
LNKD July 25 $160/$155PS @ $2.225 CREDIT!!
MA July 25 $73.50P @ .335
NFLX $455WP @ $2.65 - sold 1/3 @ $12 - 4.5 Bagger!! - sold 1/3 @ $14.40 - about 5.5 Bagger!! leaves 1/3
NFLX July 19 $440/$425PS @ $1.115 CREDIT!!
PCLN $1225P @ $3.685 - sold @ $5.22 - 42% Gain
QIHU July 19 $90$87.50PS @ .70 CREDIT!!
QQQ $95C @ .26
SPY $196.50P @ .31
SPY $197/$195PS @ ZERO
SPY $196/$195PS @ .24 CREDIT!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
VXX $28WC @ .25
Z July 25 $125/$120PS @ .35 CREDIT!!
nlightn
i don't have private message so i will answer you here. The question is why did I become bearish again yesterday...
The answer is I have been bearish for some time. The $195 level (SPY) had been resistance. I've played it a few times against the resistance and made nice money on Puts. It then finally broke and held the $195ish level so I called for it to go to between $197.50 to $199 investorshub.advfn.com/boards/read_msg.aspx?message_id=103446918
As it has been trading in a narrow range and then finally popped to almost $199 I decided it was almost time. When the market pulled back yesterday tried to rally and couldn't hold the rally i saw it was time to jump in in a big way on the short side. I didn't take on the size that I usually do as I was holding to see if they would make one more run @ $199 - $199.50 but I jumped into a bunch of names. I am not huge in any one position but I am big in total Puts and dollars. I see some negative sentiment starting to form here (not so much that it would be a contrary indicator) and I see some smart money taking some positions off the table. I think we could see $191-$192 over the coming weeks.
Trades....
Old Open Trades....
AAPL July 19 $100C @ .176 avg
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
I have underlined the trades I made since the last post..
AMZN July 19 $325/$320PS @ $2.53 CREDIT!!
AMZN Aug 1 $310/$300PS @ .15 CREDIT!!
AZO July $530P @ $2.68
BIDU July 19 $185/$180PS @ $1.25 CREDIT!!
BIDU July 25 $180/$175Ps @ .86 CREDIT!!
CMG July 19 $575/$565PS @ $1.15 CREDIT!!
FB July 19 $62.50/$60PS @ .17 CREDIT!!
FB July 25 $60/$58PS @ .29 CREDIT!!
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P @ $1.90
IBM July 25 $182.50 @ $1.58
IBM Aug 1 $180P @ $1.28
IWM $117/$115.50PS @ .29 CREDIT!!
IWM $116.50/$115.50PS @ .39 CREDIT!!
IWM July 19 $116/$114PS @ .16 CREDIT!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
LNKD $167.50WP @ $1.62 - sold 1/2 @ $9 - 5.5 Bagger!!
LNKD July 25 $160/$155PS @ $2.225 CREDIT!!
MA July 25 $73.50P @ .35
NFLX $455WP @ $2.65 - sold 1/3 @ $12 - 4.5 Bagger!!
NFLX July 19 $440/$425PS @ $1.115 CREDIT!!
QIHU July 19 $90$87.50PS @ .70 CREDIT!!
SPY $197/$195PS @ ZERO
SPY $196/$195PS @ .24 CREDIT!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
Z July 25 $125/$120PS @ .35 CREDIT!!
Nlightn
Thank you.
Don't get fooled by the rally (?).
Sellers and shorters like to let the stocks run back up a bit before they lay into them again. Kind of like back and fill in reverse!.
GLTU.
Thx JB
It's about time!!
Made nice money in PCLN last week on long side but got KILLED the week before. FUGLY!!
Today was GREAT and I hope it continues!!
I made back my losses and I am nicely GREEN over the past few weeks from real ugliness.
Trades....
Old Open Trades....
AAPL July 19 $100C @ .176 avg
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
CREATED A BUNCH OF PUT SPREADS ON MARKET MELTDOWN
New Trades...
AMZN July 19 $325/$320PS @ $2.53 CREDIT!!
AMZN Aug 1 $310/$300PS @ .15 CREDIT!!
AZO July $530P @ $2.68
BIDU July 19 $185/$180PS @ $1.25 CREDIT!!
BIDU July 25 $180/$175Ps @ .86 CREDIT!!
CMG July 19 $575/$565PS @ $1.15 CREDIT!!
FB July 19 $62.50P @ .38
FB July 25 $60P @ $1.03
GMCR July 25 $121/$118PS @ .39 CREDIT!!
GOOGL July 25 $570/$565PS @ $3.75 CREDIT!!
IBM July 19 $185P @ $1.90
IBM July 25 $182.50 @ $1.58
IBM Aug 1 $180P @ $1.28
IWM $117/$115.50PS @ .29 CREDIT!!
IWM $116.50/$115.50PS @ .39 CREDIT!!
IWM July 19 $116/$114PS @ .16 CREDIT!!
IWM July 25 $115$113.50PS @ .28 CREDIT!!
LNKD $167.50WP @ $1.62 - sold 1/2 @ $9 - 5.5 Bagger!!
LNKD July 25 $160/$155PS @ $2.225 CREDIT!!
MA July 25 $73.50P @ .35
NFLX $455WP @ $2.65 - sold 1/3 @ $12 - 4.5 Bagger!!
NFLX July 19 $440/$425PS @ $1.115 CREDIT!!
QIHU July 19 $90$87.50PS @ .70 CREDIT!!
SPY $197/$195PS @ ZERO
SPY $196/$195PS @ .24 CREDIT!!
SPY July 19 $195/$193PS @ ..05 CREDIT!!
SPY July 19 $194/$193PS @ .20 CREDIT!!
SPY July 25 $193/$192PS @ .17 CREDIT!!
SPY Aug 1 $192/$190P @ .05 CREDIT!!
TWTR July 19 $38P @ .35 - sold 1/3 @ $1.73 - almost 5 Bagger!
TWTR July 25 $36.50/$35PS @ .34 CREDIT!!
Z July 25 $125/$120PS @ .35 CREDIT!!
Hello All!
Old Open Trades....
AAPL July 19 $100C @ .176 avg
USO July 19 $36P @ .033 avg
NFLX Sep 20 $275/$230PS @ $4.04 CREDIT! (5)
NFLX Sep 20 $275/$250PS @ $4.44 CREDIT! (5)
New Trades...
AMZN July 19 $325P @ $2.47
AMZN Aug 1 $310P @ $4.60
AZO July $530P @ $2.68
BIDU July 19 $185P @ $2.35
BIDU July 25 $180P @ $3.09
CMG July 19 $575P @ $2.20
FB July 19 $62.50P @ .38
FB July 25 $60P @ $1.03
GMCR July 25 $121P @ $2.24
GOOGL July 25 $570P @ $7.05
IBM July 19 $185P @ $1.90
IBM July 25 $182.50 @ $1.58
IBM Aug 1 $180P @ $1.28
IWM $117WP @ .39
IWM $116.50WP @ .29
IWM July 19 $116P @ .59
IWM July 25 $115P @ .65
LNKD $167.50WP @ $1.62
LNKD July 25 $160P @ $1.725
MA July 25 $73.50P @ .35
NFLX $455WP @ $2.65
NFLX July 19 $440 @ $2.135
QIHU July 19 $90P @ $1.55
SPY $197WP @ .52
SPY $196WP @ .28
SPY July 19 $195 @ .50
SPY July 19 $194P @ .35
SPY July 25 $193P @ .45
SPY Aug 1 $192P @ .61
TWTR July 19 $38P @ .35
TWTR July 25 $36.50P @ .41
Z July 25 $125P @ $2.25
I am back in full BEAR mode as of yesterday mid day
All new positions are fairly small with room to avg
The stock seems heavy here unfortunately. I hope some volume comes in. If it does watch the $1222 level. Sell some at your level (at least 1/2 to make some money) and if it breaks through there hold some for a further run but if it feels like a lot of resistance there then you might just want to ring the register
adama
you have to decide your own exit point. This stock is capable of running $40-$60 in a single trading session. If it breaks $1222 and holds I would expect it to make a run @ $1250-$1270. But don't base your trades around my thoughts. You should use your own plan that you used when you entered the trade. If the stock runs (hopefully) I will probably create Call Spreads to take money off the table.