StockFetcher Forums · General Discussion · EARNINGS PLAYS<< 1 ... 5 6 7 8 9 ... 10 >>Post Follow-up
karennma
6,827 posts
msg #82561
Ignore karennma
modified
11/6/2009 9:35:37 AM

THE MOST OBVIOUS THING TO ME RIGHT NOW IS THIS ....
The MOST PROFITABLE plays would've been to SELL the calls (not buy the puts).
We're 5 minutes into the open and the calls have dropped exponentially.
The puts are lagging.

(AIG)


karennma
6,827 posts
msg #82565
Ignore karennma
modified
11/6/2009 9:52:09 AM

Now, what I'd so is SELL the Nov 30 puts AND KEEP the change!
LOL!

(AIG)


karennma
6,827 posts
msg #82571
Ignore karennma
11/6/2009 10:12:12 AM

SELL Nov 30 AIG put @0.60.
:>)


johnpaulca
11,296 posts
msg #82574
Ignore johnpaulca
11/6/2009 10:22:21 AM

Karen... I would have made money going long at the open

karennma
6,827 posts
msg #82580
Ignore karennma
11/6/2009 11:06:51 AM

JP:
True.
In fact, if you'd bought a CALL yesterday at the close, you'd want to go long at the open to salvage some of your loss.
TO BE HONEST .... (for the benefit of the board)
:>)
I bought a Nov $40 call at the close for $3.25.
At the open, it was worth $1.14.
So, clearly, to salvage some of that loss, it would've been wise to go long (as U said) @ $35.++ and catch a 0.50 move on the upside.




karennma
6,827 posts
msg #82583
Ignore karennma
11/6/2009 11:27:47 AM

Guess what's DOWN the most? ( the most profitable from the "sellers" point of view)
The AIG OTM calls.
So, the BEST strategy is to SELL the OTM calls (below the current stock price).
For example, you could've sold the Nov $30 calls yesterday for $1000, and bought 'em back today for $600, pocketing the $400 difference.


karennma
6,827 posts
msg #82589
Ignore karennma
11/6/2009 12:09:48 PM

Look at what was on briefing .com

American Intl AIG 2.85 a 1.98 -3.42

$2.85 is the ACTUAL
$1.98 was the estimate?
So, WTF???
Why did it go DOWN?


karennma
6,827 posts
msg #82593
Ignore karennma
modified
11/6/2009 1:07:33 PM

Coming up Monday 11-09-09

MTL
FLR
FRPT
MBI
DISH
ENER
TSO
MDR
PCLN


karennma
6,827 posts
msg #82594
Ignore karennma
11/6/2009 1:24:53 PM

Earnings Tuesday 11-10-09

BZH
DSX
JASO
TYC


karennma
6,827 posts
msg #82861
Ignore karennma
11/11/2009 1:46:23 PM

Next week ...
SOLF
If I wanted to waste my money, I'd buy puts.


StockFetcher Forums · General Discussion · EARNINGS PLAYS<< 1 ... 5 6 7 8 9 ... 10 >>Post Follow-up

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