NFLD... LEAP Covered Call Play

Discussion in 'Options' started by jllm03, Nov 2, 2006.

  1. jllm03

    jllm03

    Looks like the conference was a NON-EVENT for the stock.
    Only down .08 from the previous close on Tuesday.
    Had a lot of movement, but it came back to where it started the day.
    Nine more days....then I don't care where it goes.
     
    #31     Dec 6, 2006
  2. +$.90...wow.
     
    #32     Dec 7, 2006
  3. check that, a buck 72....holy ****.:eek:
     
    #33     Dec 7, 2006
  4. kewl...
     
    #34     Dec 7, 2006
  5. jllm03

    jllm03

    I guess they must have said someting good at the Conference.
    Good buying coming in today.
    That just makes my Bull Put spread look a little bit better.:)
     
    #35     Dec 7, 2006
  6. ellevers

    ellevers

    IV is still out of control.
     
    #36     Dec 7, 2006
  7. jllm03

    jllm03

    Yes it is...and that is the only thing making the options worth anything for trading. I have been looking for HIGH IV stocks just for short term plays. I really do not care if the company is a good one that will be around forever or not. Just as long as it is around a couple weeks for the next expiration period.
    Once exp comes and goes, I start looking for another play.

    Just disregard the title of this thread.
    It looked like a Covered Call or calendar Spread would be good, and it was when this thread was started before the Nov. expiration. But for now I am only looking at this for Credit Spread deals, or possible selling some naked Jan 07 puts (if it drops back down in the 12-15 range).
     
    #37     Dec 7, 2006
  8. ellevers

    ellevers

    if you like the IV in NFLD you should check out AGIX.
     
    #38     Dec 7, 2006
  9. The NFLD Dec 5 Puts are still .10-.15 with 9 days to go.
    That's pretty wild.
     
    #39     Dec 7, 2006
  10. jllm03

    jllm03

    Today it looks like the profit takers are have there way.
    Just broke thru the 38.2% retracement level of 15.69.
    I look for it to test the 50% retracement for the last run up.
    That should be around the 14.99 area.
    This has repeated the cycle 2 other times and looks like it will repeat again going to 50% to complete another cycle.
     
    #40     Dec 11, 2006