Should I panic about my short position on Apple calls?

Discussion in 'Options' started by stevebearman, Jan 24, 2012.

  1. Yeah, which has nothing to do with the OP nor the timestamp thereof. So all of your crack analysis for naught. You're a fooking genius. Look up "historical quotes".
     
    #141     Feb 15, 2012
  2. Feb12 = February 2012. My quote system for monthlies assumes 3rd friday of each month expiration day.

    This is truly amazing. I can not recall in quite some time when a stock has made a steady non-stop rise like this over the course of less than 21 days or so.

    The Feb $470's have now gone from under $2 since inception post of this thread to upper $46 range. I hope someone on here made some money off this run because I sure as heck did not.
     
    #142     Feb 15, 2012
  3. NOW! NOW! Now is the time to panic!
    :D
     
    #143     Feb 15, 2012
  4. Short 519.12 average. In shares and deltas. Hard stop on all at 531.20.
     
    #144     Feb 15, 2012
  5. Delta pos. is the Mar 450/500/550 fly from 19.00 risk.
     
    #145     Feb 15, 2012
  6. only 3 pennies of extrinsic. so it will trade at parity real soon?

    I guess he will might get assigned tonight or probably thursday night.

    Oh well time to panic now.
     
    #146     Feb 15, 2012
  7. Ugh, the puts are 5x9 cents. A better indication of the probability than attempting to price the calls against the stock.
     
    #147     Feb 15, 2012
  8. 3 cents today. but it shows theta of -04

    for the call.

    so do you think he still has some hope of no assignment from the last nickel still being time value?

    if thats the case anything could still happen and AAPL could be under 470 thursday.

    ie WWIII etc..
     
    #148     Feb 15, 2012
  9. If the market in the call is discounted then it will be assigned. My point was that it's silly to calc extrinsic value against the 470C... use the put.
     
    #149     Feb 15, 2012
  10. So what's his loss now ?
     
    #150     Feb 15, 2012