it is very hard to figure how AAPL keeps trading higher -- particularly like today- after its lukewarm earnings - frankly I'd keep an eye on it for a golden short opportunity -maybe look for a sweet reversal on decent volume. also -- check out front month open interest to get a potential read on where it might head as we clsoe in on Nov expiry I am going to put it on radar - particulalry if/when it breaches 60 level. Only thing is -- in Q4 -- its hard for me to think AAPL will sell off hard. But you know what they say about opinions & arse-h-les. Also that brings to mind a scene when (in Patton) George C. Scott's concerned about the Germans' plans-- and how they NEVER mounted a Winter attack before in their History-- he then says: "so I think that is exactly what they will do"! Whenever I think something is highly improbable or even borderline 'imposible' in these markets or with a particular equity- I always think about the movie 'Patton' --- and that quote ! iCe
Multioption, if you have hold the BBY calls like you did with PEET calls, you wouldn't incur the $3k+ loss. Why would you hold the calls for PEET even it was down $1.5 from your entry price, but not the BBY calls?
I saw that question coming! Lo, I have no regrets for cutting my losses on BBY; why? The stock dropped from ITM to OTM territory and I had already paid more than necessary on time, so the most logical thing to do was to cut losses as opposed to expecting BBY to rally. I knew it would come back but I couldn't allow myself to wait till Nov expiration to recover $1.80. I think I will hit my goal before December ending. My trading approach for the 10K account has been fine tuned! I'll update! Edit: Peet did not drop below 30 (OTM territory)
hope you guys took positions in QCOM I suggested buying Jan premium (in hindsight November maybe was better choice) lucked out --- was able to sell more Nov 40p on spike down right after earnings release when it traded back to <39 - to spread with my January 37.50p (at least - I "think" I lucked out ) :eek: -- Not too F*&^^%$ng wild Look for 43 on Qcom had you guys bought calls when it was 39 area - you are now up 3+ -- and you heard it all on this thread (for free) ! if "they" fill gap - then it's up for grabs as far as price going forward -who knows maybe it 'still' trades down to 36-37 to resolve that open gap on its' chart... but like the character in the movie "Gladiator" said to Maximus: "but-- not yet" ??
Cool thread I havent had time to read it all, can someone bring me up to speed how are you doing for your 100k goal? Any open positions. Thanks!
lucky call - now -- watch for potential broker (sheep) upgrades on QCOM as I opinied in above post -- last week -- when I sugested looking into QCOM long stock still has a battle going on b.t.w notice volume on QCOM front 40c = 17K (open interest at open of around 14-15K as I recall)