Kevin_in_GA
4,599 posts
msg #81526
- Ignore Kevin_in_GA |
10/21/2009 10:30:44 PM
Some interesting possible plays (based on their after-hours earnings results). Some big moves here that could be played tomorrow morning.
My thinking is to fade the gap created by after hours trading using the closest put or call to the AH price. Basically track the underlying stock price, and buy the put or call once the initial gap begins to be closed (Using either TROs Buy Zone or once I see three consecutive candles in the direction of the previous close. Here are some thoughts:
Downside Plays:
TriQuint Semiconductor, Inc. (TQNT)
After Hours: 6.49 -1.61 (-19.88%)
TQNT Nov 2009 7.50 call (TQNKU)
Last Trade: 0.90
Citrix Systems, Inc. (CTXS)
After Hours: 39.84 -1.52 (-3.68%)
CTXS Nov 2009 40.00 call (XSQKH)
Last Trade: 2.70
CTXS Nov 2009 45.00 call (XSQKI)
Last Trade: 0.65
Terex CP (TEX)
After Hours: 21.12 -2.47 (-10.47%)
TEX Nov 2009 21.00 call (HAGKE)
Last Trade: 3.79
eBay Inc. (EBAY)
After Hours: 23.90 -1.13 (-4.51%)
EBAY Nov 2009 24.00 call (QXBKE)
Last Trade: 1.80
Affymetrix, Inc. (AFFX)
After Hours: 8.00 -0.86 (-9.71%)
AFFX Nov 2009 7.5000 call (FIQKS)
Last Trade: 1.77
Upside Plays:
F5 Networks, Inc. (FFIV)
After Hours: 44.90 +3.37 (+8.11%)
FFIV Nov 2009 45.00 put (FLKWI)
Last Trade: 4.00
|
karennma
8,057 posts
msg #81527
- Ignore karennma
modified |
10/21/2009 10:43:51 PM
Kevin_in_GA
- Kevin_in_GA 10/21/2009 4:07:33 PM
Sorry, Karen.
M4M is posting some outrageous AAPL option numbers in another thread right now.
=======================================================================
Kevin:
M4M is correct.
The Nov AJL-KY Apple 230 calls were .21 yesterday.
Went up to $1.00 today.
I sold too soon.
When they went down to 30 yesterday I was glad I'd gotten out ... NOT THINKING they'd go up so high today.
:>(
BTW, I still have my puts ... so being the CONTRARY indicator, AAPL should continue to go UP, so I can lose more $$.
|
karennma
8,057 posts
msg #81528
- Ignore karennma |
10/21/2009 10:50:59 PM
D@amn this makes me mad!
Like I said, I'm right 99% of the time, but my TIMING is wrong 100% of the time.
:>(
|
Eman93
4,750 posts
msg #81532
- Ignore Eman93 |
10/22/2009 12:20:15 AM
K
I feel your pain...... I was in meetings all day 8:30 to 4:30 no time to get on line and put on a trade so I set up a limit buy with a tight stop on SDS a pull back to just about yesterdays close............well you know what happend filled at 37.55
stoped out at 37.20........
|
karennma
8,057 posts
msg #81551
- Ignore karennma |
10/22/2009 2:12:25 PM
Eman:
SDS @ 37.83
You get another chance!
LOL!
|
Kevin_in_GA
4,599 posts
msg #81702
- Ignore Kevin_in_GA |
10/24/2009 6:55:09 PM
Just reviewing this thread, and my recent posting on how I would play options after earnings announcements. Thought in all fairness I should follow up on how such plays would have fared:
Downside Plays:
TriQuint Semiconductor, Inc. (TQNT)
Wednesday After Hours: 6.49 -1.61 (-19.88%)
TQNT Nov 2009 7.50 call (TQNKU)
Wednesday Close: 0.90
Thursday Open: 0.10
Friday Close: 0.10
Gain/Loss: 0%
Citrix Systems, Inc. (CTXS)
Wednesday After Hours: 39.84 -1.52 (-3.68%)
CTXS Nov 2009 40.00 call (XSQKH)
Wednesday Close: 2.70
Thursday Open: 0.65
Friday Close: 0.90
Gain/Loss: +38%
Terex CP (TEX)
Wednesday After Hours: 21.12 -2.47 (-10.47%)
TEX Nov 2009 21.00 call (HAGKE)
Wednesday Close: 3.79
Thursday Open: 0.65
Friday Close: 3.69
Gain/Loss: +467%
eBay Inc. (EBAY)
Wednesday After Hours: 23.90 -1.13 (-4.51%)
EBAY Nov 2009 24.00 call (QXBKE)
Wednesday Close: 1.80
Thursday Open: 0.82
Friday Close: 0.66
Gain/Loss: -19.5%
Affymetrix, Inc. (AFFX)
After Hours: 8.00 -0.86 (-9.71%)
AFFX Nov 2009 7.5000 call (FIQKS)
Wednesday Close: 1.77
Thursday Open: 0.35
Friday Close: 0.25
Gain/Loss: -40%
Upside Plays:
F5 Networks, Inc. (FFIV)
After Hours: 44.90 +3.37 (+8.11%)
FFIV Nov 2009 45.00 put (FLKWI)
Wednesday Close: 4.00
Thursday Open: 1.15
Friday Close: 0.75
Gain/Loss: -35%
The Terex play alone would have made the day quite profitable - on $1000 bets each, you would have ended the day with $10115 (a profit of $4115, or +68.6% on the day).
|