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Ricardo Espinosa

 
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  • Research In Motion Share Valuation: Buyers Beware [View article]
    It´s dangerous to bet on a company that has been losing brand loyalty left and right, and I will sell call spreads for June or December 2013, currently looking at strike prices and waiting for another short-squeeze to do it.
    Outright put-buying is way too expensive because of the time premium.
    Dec 27 06:42 PM | Likes Like |Link to Comment
  • Gold gets a downgrade at Goldman Sachs, the firm lowering its 2013 end-of-year price forecast to $1,800/oz., and 2014 to $1,750. "We see growing downside risks ... the gold outlook is caught between the opposing forces of more Fed easing and a gradual increase in U.S. real rates on better U.S. economic growth." [View news story]
    Silver also downgraded by Fitch to BBB- from AAA on massive long-term debt increase, high payroll costs and market share loss to its competitor: "Gold".
    Dec 5 11:13 AM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    I also see the risk this week to the upside so far, but I want to see first if AAPL crosses above 596.58, its 50dma, which should help rocket the stock above 600 and make me sell 600/595 weekly put spreads, b ut so far it hasn´t broken that level, so I´ll keep watching for a rejection of breakthrough of that level before placing the trade.
    Dec 3 09:42 AM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    Great to read you and others are applying and profiting with this strategy as well. For the coming week, I see bullish risk in AAPL, so I would recommend waiting for Monday and seeing if it can break above its 200dma around 596 and its 50dma at 611.26.
    According to its movement on Monday, I will post an "Instablog" and/ or Stocktalks, as Seeking Alpha might take longer to publish the article, and since a couple of hours can be very important in trading these weekly options, you can look for the next trades in my profile, be sure to check it Monday morning (around 10am-12) to see the exact trade I will be putting on for that week.
    Dec 1 02:18 PM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    Close the short Apple spreads today @0.10 sold @1, technicals are too mixed to take the risk of the options going in-the-money.
    Nov 29 02:49 PM | Likes Like |Link to Comment
  • Let Apple's Rally Fill Your Pockets: Weekly Options Part 2 [View article]
    Great, I haven´t moved them as of yet (this week´s 610/615). Only if AAPL clears above 600 with conviction.
    Nov 27 05:46 PM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    Good job bigTex, I see all those contracts expiring worthless by Friday, but I´ll probably close or roll 1 day before if AAPL shows any signs of life to either sideof the spread.
    Nov 27 05:44 PM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    Yes, the exit strategy would depend on how strongly the stock moves, what day it moves and in what direction it is. It would most probably be rolling the position a week forward, or closing it and tightening the other end if there is a very strong catalyst either up or down to reduce the loss. But there is always an exit strategy.
    Nov 27 10:19 AM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    No, I forgot to include it but I think it´s clear enough that I am also in these trades, as there would be no fun in just recommending weekly plays without me being in them. Good to have you here Paul, I´ve seen some of your Apple plays and you got a good track record.
    Nov 27 10:17 AM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    Sounds good, TLT put spreads are good as long as big money doesn´t get too exited about the "Greek deal". If it does, a strategy change should be done as soon as possible. However, the 121/119 put spread on TLT looks good because it needs to pierce thru many layers of support before going in-the-money, so you can have a lot of time to adjust it if needed. I would bet more now on TLT not falling than on IWM not rising, but maybe both will happen.
    Nov 26 08:36 PM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    Yes, mainly I look for high volatility, Apple´s weeklies have around 32 right now (usually happens in the first hour of trading) and high theta, which means the option will lose value very quickly, especially out-of-the-money options, and especially on Thursday and Friday.
    And the article took a while to get published, about 5 or 10 minutes before the close. Tomorrow should be a good time to sell these in the morning, any changes I will post in Stocktalks and/or here.
    Nov 26 08:33 PM | Likes Like |Link to Comment
  • Profiting With Apple Weekly Options: Week 3 [View article]
    I am in this trade, as I have been in the past two, and with 5 times the contracts I am using for the options portfolio. So I have 5 times more "skin" in the game than I am writing about. It does not change my outlook.
    Nov 26 07:19 PM | Likes Like |Link to Comment
  • Let Apple's Rally Fill Your Pockets: Weekly Options Part 2 [View article]
    Exactly, I do think after using this strategy for some time, you see that there are fewer strategies that compete with the level of safety and reward you can get. And I do agree monthlies are way less risky, as you can close your position and roll it with more time, but for me, weeklies have worked wonders, that´s why I decided to start posting these weekly articles.
    I currently don´t like AAPL´s IV (for selling), hopefully volatility will return next week.
    Nov 22 04:09 PM | Likes Like |Link to Comment
  • Let Apple's Rally Fill Your Pockets: Weekly Options Part 2 [View article]
    I will wait for Monday to post my next trade, I did rolled them closer (545/550 and 570/575 weeklies, but closed them yesterday 5 minutes before the bell, great theta decay).
    I expect some downside to fill the gap left around 535, but not tomorrow, hopefully we will get that move on Monday and get it over with so we can trade that. The risk is now to the downside for next week, contrary to this week´s upside risk that we avoided by waiting until Monday´s huge move.
    Nov 22 04:06 PM | Likes Like |Link to Comment
  • Let Apple's Rally Fill Your Pockets: Weekly Options Part 2 [View article]
    If they´re option spreads, it wouldn´t matter because there´s no extra margin requirement as you are not selling "naked" calls or puts.
    However, I don´t know what the minimum requiments are for trading options with your broker.
    Nov 22 05:43 AM | Likes Like |Link to Comment
COMMENTS STATS
451 Comments
348 Likes