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Teddi KnightKeymaster
Thanks, Teddi, have been rolling them for months now, and in fact managed to just get out of 2 positions last month on expiry. I would own LVS if assigned, but hopefully not at these levels! Patience is the key here, I think.
@jbinformed: I managed to close said March $50 put at $0.22 today. 50% profit in one day, I’ll take it!
Teddi KnightKeymasterHad a BTC for 0.05 that executed this morning.
With TDA, options for 0.05 or less are commission free.
Teddi KnightKeymasterAXP, Sorry
Teddi KnightKeymasterSeeing value after a 12% decline in the stock YTD, Deutsche upgrades AMX to Buy from Hold, with price target lifted to $90 from $88.
Teddi KnightKeymasterI have existing stock and naked put positions. Added to the March $50 strike at $0.48 – couldn’t believe I could sell that strike! Stock has been doing horribly for the last year or so though. Still holding on to deep ITM $70 puts :(
Teddi KnightKeymasterYeah, I didn’t enter a position after rethinking the situation. Plus I am traveling today. Kind of. Looks like I am spending the nt in Atl airport.
Teddi KnightKeymasterAdded the STX $50. puts for .10; good idea Teddi.
Amy
Teddi KnightKeymasterWell, from what I can see with the chart, it was $96 at 12:00, then apparently on CNBC there was quite an energized discussion regarding MCD buying SHAK, and the whole panel got excited and the stock began to move. Of course the MM will take advantage of that and suck in as many people as they can, so short term I will wait and see if it holds. Yes, I can always turn it into a covered call, but with so much time before 3/20, I suspect there will be a pull back. Fortunately I didn’t do a big number, so I will work it out.
Teddi KnightKeymasterYEA, OOOPS. Gotta figure out a way to get outta this one, but I have time. Hedge funds buying….hard to imagine that’s enough to move the stock, but so it is. MCD buying SHAK rumor? IDK….ODD.
Teddi KnightKeymasterTraders are betting that Intel will reach its highest level since the dot-com bust.
More than 10,800 May 38 calls were purchased for $0.18 to $0.29 yesterday, according to optionMONSTER’s Heat Seeker tracking program. Volume was well above the strike’s previous open interest of 2,679 contracts, indicating that this is fresh buying.
These long calls lock in the price where the stock can be purchased through mid-May no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, providing potentially significant leverage, but the contracts will expire worthless if shares remain below $38. (See our Education section)
Intel has not traded above $38 since February 2001. The closest it came was its recent high of $37.90 last December, so yesterday’s call buyers are looking for new 14-year highs.
INTC rose 1.93 percent to $34.41 yesterday. The chip giant has been trading sideways since gapping down from the $36 level on Jan. 27 after Microsoft cited slowing PC sales in its quarterly results.
Total option volume in the name was just shy of 104,000 contracts yesterday, triple its daily average for the last month. Overall calls outpaced puts by more than 2 to 1.
Teddi KnightKeymasterSTO 3/20 CALLS: STRIKE 97.00 @ .74
My old mentor used to say when a stock keeps knocking on a ceiling, eventually it will break, but I trust my new mentor better!Teddi KnightKeymasterrolled to April 2 strike 135. Ugh, bad trade.
Amy
Teddi KnightKeymasterwell, I take THAT comment back. Meg Whitman looked like she just lost her sister. IMO she didn’t do her company a service by coming on CNBC this AM.
Be careful.Teddi KnightKeymasterI would guess not that high. 200 day is $36, pre-market higher than it was last night.
Teddi KnightKeymasterYes, too early. I bought APR $16 calls on 2/12 ($3.80), 2/13 ($3.40), and 2/20 ($2.78), avg cost $3.33. Do you think I should buy back the 1st block and roll them out to May $16 calls?
P.S. I am re-reading the “10 mistakes to avoid” article! :)
Thanks!Teddi KnightKeymasterWent with Teddi’s DAL suggestions, but the stocks seem to trade together more or less.
Amy
Teddi KnightKeymasterwatch it every day:) I expect when Teddi changes her market direction, I might move on IWM.
Amy
Teddi KnightKeymasterTeddi, I already closed my initial sale of calls on MCD. Would you think it a good idea to sell again, although the price is now down to .60 for the same strike?
Amy
Teddi KnightKeymasterExcellent article on XOM Teddi. I did my own weekly trade with the $87.5 strike, and it seems to be holding, although with oil, you never know!
Amy
Feb 22 2015 at 7:20 pm in reply to: Message attachments have disappeared from the member forums #16799Teddi KnightKeymasterHi Teddi,
Sorry to bother you, but do we know if all the chart that were posted are gone for good?
Thanks
Teddi KnightKeymasterHi Teddi,
Can you provide some specifics as why you would not trade Ralph Lauren? It will be educational for me; and hopefully others.
I really appreciate and have learned so much from your Fullyinformed site. -And looking forward to learning more.
Best.
JB in Seattle
Teddi KnightKeymasterThanks for the detailed explanation! Makes sense, no worries.
I’m getting notifications just fine.
Best
TobyTeddi KnightKeymasterThanks for your post. You have subscribed to just this topic. Since that is the case, you will only receive replies and comments from this topic. You will not receive replies from your own posts, only from what others post to the topic you subscribe to. If you do not receive replies from this topic in your hotmail account make sure they are not going to your spam or junk folder. If they are not, then contact tech support at https://www.fullyinformed.com/members/tech-support/ and provide both your old and new email address and they will update your email to your yahoo account. Thanks.
Teddi KnightKeymasterSure David,
Say I sell 20 CC’s on VLCCF at the $10 strike. If it quickly rises to 11.50 I have to buy all 20 contracts back and then roll into a higher strike at a (usually)loss.
If I had only sold 13 calls when the stock jumped up I could have added some of the calls I held back to the 13 I sold and rolled up for a profit.Example;
2.26.14…STO 14 calls at the 12.50 strike for March expiry
3.17.14…with stock at 14.22 I could roll all 14 calls into April AT A LOSS
What I did was add 4 calls to the total. I then bought the 13 back and sold 17 calls AT 15 for April at a small profit.Another idea would be to buy back 3 of the ITM calls and then roll the entire amount into the next time period.
good trading.
Teddi KnightKeymasterbavage: I hoe you dont mind, but could you explain why holding a few back would help in rolling to save the trade….maybe give an example.
Thanks
David -
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