Stock Market Talk

Originally Posted by Griffoun

This article makes sense.

It could be a big positive if AAPL does indeed implement this on the iPad announced today. Just for the fun of it, I've just opened a AAPL call this morning and hope I can close it before end of day today.

1 call? Which Apple call did you get into? What price are you in at? I did well with my $535 weekly puts yesterday.

Originally Posted by Griffoun

This article makes sense.

It could be a big positive if AAPL does indeed implement this on the iPad announced today. Just for the fun of it, I've just opened a AAPL call this morning and hope I can close it before end of day today.

Disappointing...

Like the Sky Gamblers demo: "Eject! Eject!"

Originally Posted by Griffoun

Disappointing...

Like the Sky Gamblers demo: "Eject! Eject!"

Should I ejct now or later? It's touching 52wk high again... hm...

Originally Posted by Griffoun

Should I ejct now or later? It's touching 52wk high again... hm...

I assume you made a profit so eject on them calls I just ejected on some of my SLV calls this morning too

Originally Posted by stylinexpat

I assume you made a profit so eject on them calls I just ejected on some of my SLV calls this morning too

It's been trading between 545.2 and 545.7 almost all morning long... the suspense is killing me

Originally Posted by Griffoun

It's been trading between 525.2 and 545.7 almost all morning long... the suspense is killing me

Keep an eye on MCP. Been a great one this week. I expect SLV to see some gains next week.

Originally Posted by Griffoun

I don't know if it's considered a meet, beat or miss by the street... Personally I consider it a small miss. The APRU is quite surprising however, given Sprint retracted so many discounts away from existing customers, which has nothing to do with raising ETF. On the other hand, I think I'm comfortable adding position to it, and could reach $2.75 before 1Q earning call if the Europe doesn't throw more curve balls.

Now that iPhone sales number is out, we'll see if the postpaid net-add momentum can continue.

That was quick... and Wells Fargo sees what I see too eh?

Sprint rocks baby!!

High leveraged ETF are incredible.

Been playing with ERX/ERY a lot the last year. Triple index for the Bull and bear for Energy.

Originally Posted by stylinexpat

I assume you made a profit so eject on them calls I just ejected on some of my SLV calls this morning too

Ejected. Don't want to be greedy given my contract expires this Friday.

Originally Posted by GeneArch

I'm thinking it goes differently this time... the Wed announcement will pretty much be what the market is expecting, they won't under deliver. I'm not thinking a huge jump but I think it ends the week 550'ish. Taking back today's drop and a slight spike. I'm in from way back, so I'll just stay put, haven't even considered when to move. (yet)

Yup Yup...

Originally Posted by GeneArch

Yup Yup...

Originally Posted by GeneArch

Yup Yup...

You should have bought some weekly $550 calls. You would have made a good killing on them.

http://www.google.com/finance/option...Q%3AAAPL&hl=en

Originally Posted by stylinexpat

You should have bought some weekly $550 calls. You would have made a good killing on them.

http://www.google.com/finance/option...Q%3AAAPL&hl=en

I need to study how to trade options - whenever I google it the explanations are really bad.

Originally Posted by Chris90

I need to study how to trade options - whenever I google it the explanations are really bad.

Investopedia?

I'm just doing basic covered calls and calls right now.

On a separate note, I tried to sell covered puts through Zecco months ago but they don't allow it, I wonder if they support it now...

Originally Posted by Chris90

I need to study how to trade options - whenever I google it the explanations are really bad.

Need to be very careful with those They either decay very badly or drop very badly but when they go up and if you made a right call it is like hitting the lotto jackpot.

Originally Posted by Griffoun

Investopedia?

I'm just doing basic covered calls and calls right now.

Hmm, read a bit of their options section, looks pretty good, thanks!

Originally Posted by stylinexpat

Need to be very careful with those They either decay very badly or drop very badly but when they go up and if you made a right call it is like hitting the lotto jackpot.

I don't know if I want to trade options, I just want to understand it.

Originally Posted by stylinexpat

Keep an eye on MCP. Been a great one this week. I expect SLV to see some gains next week.

Originally Posted by Chris90

I don't know if I want to trade options, I just want to understand it.

MCP back in bull mode again.

http://www.google.com/finance?q=NYSE:MCP

Massive gains for calls again.

http://www.google.com/finance/option_chain?q=NYSE:MCP

Originally Posted by Chris90

I don't know if I want to trade options, I just want to understand it.

My first try on AAPL, last month, returned 100% in 2 weeks.

My second try and just closed yesterday, returned 30% in 6 days.

If I closed it now instead of yesterday, I would get 90% return in 1 week.

That's why it's so exciting... I could also say I would have lost 50% or more in less than 6 days if AAPL dropped below 540...

I tend to do one option at a time instead of multiple, because for now I only use it on stocks that are volatile and only hold it for days. In this case, I only need a small capital but could potentially turn into some pretty decent profits, and I would only lose a little if I placed the wrong bet. And I only use less than 5% of my Roth IRA portfolio to do it.

Originally Posted by Griffoun

My first try on AAPL, last month, returned 100% in 2 weeks.

My second try and just closed yesterday, returned 30% in 6 days.

If I closed it now instead of yesterday, I would get 90% return in 1 week.

That's why it's so exciting... I could also say I would have lost 50% or more in less than 6 days if AAPL dropped below 540...

I tend to do one option at a time instead of multiple, because for now I only use it on stocks that are volatile and only hold it for days. In this case, I only need a small capital but could potentially turn into some pretty decent profits, and I would only lose a little if I placed the wrong bet. And I only use less than 5% of my Roth IRA portfolio to do it.

Nice Now you need to increase it to 2 options

Weekly Apple $560 gains are pretty sick today.
http://www.google.com/finance/option...?q=NASDAQ:AAPL

Originally Posted by stylinexpat

Nice Now you need to increase it to 2 options

If you count covered calls... yeah. But that's another story.

Originally Posted by Griffoun

Ejected. Don't want to be greedy given my contract expires this Friday.

Damn, what if, what if.

What do you do when the stock is close to your target price? Raise it up!! (Why downgrade?)

Originally Posted by Griffoun

Damn, what if, what if.

What do you do when the stock is close to your target price? Raise it up!! (Why downgrade?)

Anyone who bought Apple calls this week hit the jackpot.