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iPhone release on Verizon!! Urgent!!


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iPhone release on Verizon!! Urgent!!

  #1 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
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Would someone with some Options trading experience get in contact with me please?

tia


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #3 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
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I have opened up an Options account with OptionsXpress to place this one trade.

7 point move on the Jan contract
6 point move on the Feb Contract.

I'm looking for a break out when the iPhone is released on Verizon.

the release is set for 1-11-11

I want to get in before then. I am wiring minimum funds to OX Monday morning, going home and calling tech
support to help me place the orders!!

No time to paper trade on this one, gang!! I'm going in... as I see it, I am risking $300 ish to make $50k ish

I'll learn about this game later...

Does anyone have any experience with Xtend software to help me along??!!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #4 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532

..just learned that the expiry for each month is the third Friday... not much room for the Jan option...

May focus most of the trade on the Feb. Expiry....

I feel like I'm cramming for an exam in a course I've never attended !! lol


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #5 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
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tderrick View Post
..just learned that the expiry for each month is the third Friday... not much room for the Jan option...

May focus most of the trade on the Feb. Expiry....

I feel like I'm cramming for an exam in a course I've never attended !! lol


Don't be in such a rush that you take positions you don't fully understand, the market will give you plenty of opportunities in the future to lose your money.

Regards,
TMFT

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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  #6 (permalink)
 
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 sam028 
Site Moderator
 
Posts: 3,765 since Jun 2009
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Yes, what's your question ?
You can also ask things in our sub-forum, here.

Success requires no deodorant! (Sun Tzu)
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  #7 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
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Thanks Received: 2,532


ThatManFromTexas View Post

Don't be in such a rush that you take positions you don't fully understand, the market will give you plenty of opportunities in the future to lose your money.

Regards,
TMFT

hmmm... an optimist....

This is a home run shot... nothing more. Buying LOTS of cheap call postions. $2 and $5

I will understand enough to place the positions .... I will take my time after.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #8 (permalink)
 
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 sam028 
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@tderrick, what are you going to try exactly ?
Buy OTM VZ Calls ?

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  #9 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


tderrick View Post
No time to paper trade on this one, gang!! I'm going in... as I see it, I am risking $300 ish to make $50k ish


first error corrected... Profits occur BEYOND the strike price.... Cut that potential profit in half..


I'll be good to go by Monday morning. Let's buy a Call.


Next trade... Buy a Put for AT&T... after we see how the Verizon bit works....

I love Madness


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #10 (permalink)
 
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 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
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tderrick View Post
first error corrected... Profits occur BEYOND the strike price.... Cut that potential profit in half..


I'll be good to go by Monday morning. Let's buy a Call.


Next trade... Buy a Put for AT&T... after we see how the Verizon bit works....

I love Madness

Research is your friend.......

Verizon iPhone is no doomsday for AT&T - Dec. 21, 2010

I don't have a dog in this fight and I don't try to tell others how to trade... just trying to offer a balanced point of view ... my 2 cents worth .... from a realist

Good Luck and Good Day , Sir.

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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Last Updated on April 1, 2011


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