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iPhone release on Verizon!! Urgent!!
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Created: by tderrick Attachments:2

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iPhone release on Verizon!! Urgent!!

  #41 (permalink)
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tderrick View Post
So you would just go long with a direction trade?
Is the straddle used as a hedge against risk?

tia

I have an idea that the market may retest the prior high, so I might go long on Monday, if the market confirms my idea. Confirmation means failure to go lower.

The straddle is not a hedge against risk. It is a non-directional trade with a long volatility position. But as @timmyb pointed out: If implied volatility is already high any long options positions - including straddles and strangles - might lose premium very quickly, so maybe it is a bit late for a long options position.

I am not an option trader, and I am not a gambler. If I do not understand something, I do not trade it.

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  #42 (permalink)
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So did you throw caution to the wind and take a position? I'm expecting yes.
You had stated you were limiting your risk to $300, so it wouldn't be the craziest move anyone has ever made,
but what were your assumptions to turn $300 into $50k (or even $25k)?

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  #43 (permalink)
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Snoop View Post
So did you throw caution to the wind and take a position? I'm expecting yes.
You had stated you were limiting your risk to $300, so it wouldn't be the craziest move anyone has ever made,
but what were your assumptions to turn $300 into $50k (or even $25k)?

Call 33 March 2011 was quoting $3.00 this morning.
So if you buy this call ($300), and if VZ quotes more than $503 before March 18th, you'll win $50k:
(503 x 100) - $300 = 50.000.
Ok, it's only +1400% of the stock value in 3 month...

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  #44 (permalink)
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traderwerks View Post
Might be better to sell a call vertical. IV is highish and the market does not expect much of a move ( no skew between Feb and the next month ).

Sell the FEB 39's and buy the 40's against it. Net 0.05 or 0.06

I saw these going for 0.07 yesterday and 0.01 today on a buck spread between the 39's and 40's so it would have done a few percentage points in a couple of days. So sold at 0.05 or 0.06 , buy back at 0.01

I miss trading options.

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  #45 (permalink)
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After the announcement :

Shares in Verizon Communications fell 82 cents, or 2.3 percent, to $35.10 in afternoon trading Tuesday. The shares are still close to a two-year high of $37.70, set last week. Apple shares lost $1.20, or 0.4 percent, to $341.29, while AT&T lost 53 cents, or 1.9 percent, to $27.81.

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  #46 (permalink)
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Snoop View Post
So did you throw caution to the wind and take a position? I'm expecting yes.
You had stated you were limiting your risk to $300, so it wouldn't be the craziest move anyone has ever made,
but what were your assumptions to turn $300 into $50k (or even $25k)?

In order

No.... taking a few more hours to at least understand how options work! lol

Not the craziest move by far in this business

An assumption by a novice doing incorrect calculations with not enough coffee...


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  #47 (permalink)
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sam028 View Post
Call 33 March 2011 was quoting $3.00 this morning.
So if you buy this call ($300), and if VZ quotes more than $503 before March 18th, you'll win $50k:
(503 x 100) - $300 = 50.000.
Ok, it's only +1400% of the stock value in 3 month...

Hey... How did you know I placed that call!! ; )


AJ
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  #48 (permalink)
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update

Well... From my brief studies on this event, I think Apple will be the winner in all this.

Verizon will fall for a while until all the numbers come in from the iPhone subsidies.
AT&T should drop a bit.
Google?

So How about some help in a long call in AAPL...

What is the minimum delta I should be looking at for a mild OTM call on say the last contract offered this year...

Would someone recommend a few call contracts to me.


Hey!! I've been reading!! ; )

Thanks again for saving me from some dismal trades, gang.


AJ
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  #49 (permalink)
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ThatManFromTexas View Post
After the announcement :

Shares in Verizon Communications fell 82 cents, or 2.3 percent, to $35.10 in afternoon trading Tuesday. The shares are still close to a two-year high of $37.70, set last week. Apple shares lost $1.20, or 0.4 percent, to $341.29, while AT&T lost 53 cents, or 1.9 percent, to $27.81.

Buy the rumor, sell the fact.

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  #50 (permalink)
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tderrick View Post
Well... From my brief studies on this event, I think Apple will be the winner in all this.

Verizon will fall for a while until all the numbers come in from the iPhone subsidies.
AT&T should drop a bit.
Google?

So How about some help in a long call in AAPL...

What is the minimum delta I should be looking at for a mild OTM call on say the last contract offered this year...

Would someone recommend a few call contracts to me.


Hey!! I've been reading!! ; )

Thanks again for saving me from some dismal trades, gang.

You can be correct about the direction of the underlying stock itself and still not be profitable trading the Options .

Edumacate yursef!

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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