StockFetcher Forums · General Discussion · EARNINGS PLAYS<< 1 ... 4 5 6 7 8 ... 10 >>Post Follow-up
Eman93
4,659 posts
msg #82508
Ignore Eman93
11/5/2009 4:51:34 PM

You should dump the loser sell to close ASAP once the direction has taken hold....frist thing am.....

medowz
59 posts
msg #82509
Ignore medowz
11/5/2009 4:54:47 PM

Karennma

For Oct 30 the Nov 22.5 call was quoted at 1.65 and the put at 2.70 = 4.30 for the straddle

For Nov 4 the Nov 22.5 call was quoted at .10 and the put at 8.40 (the bid) = 8.50

I'm not exactly sure how Thinkback quotes, I suspect it's end of day.

FWIW



Eman93
4,659 posts
msg #82510
Ignore Eman93
11/5/2009 4:59:38 PM

karennma
- Ignore karennma
modified 11/5/2009 11:24:02 AM

** STEC ** @ $14.39
Nov 15.00 calls @ 0.80 - Opn Int = 4,952
Nov 15.00 Puts @ 1.40 - Opn Int = 3,636

I'll check back near options expiration and see how we do.


Edit:
The immediate problem I see with even trading a spread is LACK OF VOLATILITY in this stock.
If this stock only moves up 0.50 cents in the next 2 weeks (bringing the price of the stock to $15.oo), you will lose your money on BOTH the call and the put.
So, hypothetically, at a strike price of $15.oo, if the stock moves to $15. .. you lose on both the call and the put ...
UNLESS, instead of buying the C & Ps, you SOLD the C &Ps. In that case, you'd keep the premium for both positions.
SELLING the options may be the best strategy on a less volatile stock.

--------------------------

the lower the volitily the lower the premium.... you want to look for low votilty stocks that woud pop from some good news.... say an over sold company with solid fundimentals low volatility... say an upgrade would make it pop.... the calls are cheap....reward is high........

karennma
6,827 posts
msg #82513
Ignore karennma
11/5/2009 5:06:37 PM

johnpaulca
- johnpaulca 11/5/2009 3:59:27 PM
Calls

===============================================================

JP:
Afterhours NOT looking good.
Not like AMZN or AAPL afterhours.
Probably going DOWN tomorrow.



karennma
6,827 posts
msg #82547
Ignore karennma
11/6/2009 8:44:09 AM

AIG DOWN 10% in pre-market.
There is just no way to know AHEAD of time, which way these things will go.


karennma
6,827 posts
msg #82551
Ignore karennma
11/6/2009 8:52:29 AM

"Troubled insuurer AIG said it swung to third-quarter profits of $455 million or 68 cents a share.

The estimate was $1.98?



karennma
6,827 posts
msg #82553
Ignore karennma
11/6/2009 9:05:04 AM

Here are the LARGEST positions on AIG BEFORE the open.
******** PUTS!!! ************

Nov 30.00 Puts - .68 - (Open Interest) 17,325
Nov 33 Puts - 1.21 - (OI) 15,761
Nov 34. Puts - 1.48 - (OI) 11,003
Nov 35 puts - 1.78 - (OI) 11,335
Nov 37 puts - 2.57 - (OI) 17,859

Nov 40 calls - 3.25 - (OI) 15,604

No comparison!
Pretty obvious. I WISH I'd seen this YESTERDAY!!


johnpaulca
11,296 posts
msg #82554
Ignore johnpaulca
11/6/2009 9:05:42 AM

Karen...this is why I don't trade earnings, too risky. AIG has a nice tradable chart going long is what I saw.

karennma
6,827 posts
msg #82555
Ignore karennma
11/6/2009 9:07:08 AM

Those put prices are yesterday's closing prices.
They'll all be DOUBLE after the open today.
The call won't be worth ch*t.


karennma
6,827 posts
msg #82556
Ignore karennma
11/6/2009 9:10:23 AM

JP:
Yep. It's risky as ch*t.
But I believe we may be able to trade the options based on the open interest data.


StockFetcher Forums · General Discussion · EARNINGS PLAYS<< 1 ... 4 5 6 7 8 ... 10 >>Post Follow-up

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