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researcher59

09/11/13 10:22 AM

#100687 RE: L1ving #100686

AAPL -24 to 470. I sold my last Jan 425 calls yesterday morning with the stock at $502, figuring there'd be a selloff on lackluster new product announcement news. The stock has had a huge run from the high $300's in July.

In hindsight, I should have bought weekly PUTs yesterday morning .... huge overnight gains in those.

For example, the $490 weekly PUTs are now around $20, up from $3 yesterday, over a 500% gain ! The $480 PUTs are even better, up 800%.

Hindsight perfect as usual.
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nwsun

09/11/13 10:37 AM

#100688 RE: L1ving #100686

I said something like that a few weeks back and got some admitted MM to say I didn't know what I saying and called names. What you say is exactly how it works. I suspect many of those calls were actually bought on the short side but they show as a call either way... lots of deception. My calls are in Oct and Nov but right now its very disappointing.
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nwsun

09/11/13 10:42 AM

#100690 RE: L1ving #100686

I suspect 90% of people that post on these boards work for WS or large trading rooms.