Discussion in 'Options' started by Onevoice, Jan 26, 2010.
Just placed an order for Feb 200 puts. Stock is going to subside by day end
If thatâs the general consensus then the puts probably wonât do much. Buying puts or calls to try and time a move in the market is historically a poor strategy.
buy the tablet sell the news?
i'm long feb220 calls, figure as long as yahoo doesn't screw the pooch tonight and the tablet releases with publishers on board then we will get upgrades and what not tmw/thurs/fri and we should get back to 225 levels.
Not really trying to time the big move, just trying to take advantage of the big run up by hoping for some pullback by end of day
When "hope" is your strategy its probably not a good idea
I guess it was poor choice of words. According to me the earnings were not spectacular, just decent. Beating the market is subjective anyway
And today's run up was for the tablet announcement tomorrow which was bound to retreat by end of day. Hype came in early morning and around noon but has faded since then. I see it going back to 206 by EOD, if so I will be out with a handsome profit
The tablet announcement was nothing new everyone knew it was coming so todayâs run was more than that. Since we donât know where you got in "handsome profit" is meaningless. There was steady buying all day through 1pm not just a couple of pops.
I respect your opinions but in the end trying to time the market via buying puts or calls historically has been a really lousy strategy.
I am just a small time trader trading for educational purposes, so yea handsome profit to me might be pocket change to you but all I was trying to say in this thread was this is just another day of a 4% AAPL hype that will fizzle by day end and I was trying to take advantage of that
Not sure where you get the steady buying because for every buyer there is seller dude. Unless if you are implying a certain type of buyer
Also AAPL is a tech stock, tablet announcement doesn't mean jack squat until the actual product is launched (which is supposed to be tomorrow) In addition there is a rumor going around that they also might be announcing a Verizon iphone which I highly doubt. Hence my decision of buying puts and waiting for the hype to die down.
If you are trying to post here to get a positive response or even an objective response to your ideas you are wasting your time.
My experience on this board is that everyone who regularly posts here is only interested insulting posters and demeaning other poster's ideas.
Use your own judgement...you won't get an objective opinion here. You're wasting your time.
I didnât imply anything other than the phrase âhandsome profitâ is moot. Read what I posted again I surely didnât imply anything about what I thought was a big or small profit or pocket change. The idea that one capitalized on a move in the market is a moot point here since no one is showing their trades in real time. The size of those trades is even less important.
Looking at the price and volume chart for the day you can clearly see steady buying. True that each trade has two sides but when there is significant volume and the price is moving up on that volume itâs a fair assumption. Sort of interesting that you present your assumptions about what and how a stock movesâ¦
â Also AAPL is a tech stock, tablet announcement doesn't mean jack squat until the actual product is launched (which is supposed to be tomorrow)â â¦ âI was trying to say in this thread was this is just another day of a 4% AAPL hype that will fizzle by dayâ
as fact. Yet, when I project my opinion on buyers you discounted it right away.
The bottom line is buying puts or calls for leverage to try and time the market is without question a poor strategy.
My implication is that I am trying to take both of our opinions out of the discussion and focus on the strategy you put forward.
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