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  • Will These 4 Dividend Giants Sustain Their Dividends In 2012? [View article]
    I could never understand this obsession with dividends. Does 5-6% or even 10% really helps you if the stock goes down 20-30%?
    Jan 14, 2012. 11:38 PM | Likes Like |Link to Comment
  • Apple: Gearing Up To Go 'Thermonuclear' In 2012? [View article]
    It's funny to watch all those Apple discussions. The truth is nobody knows where Apple will be a year from now. A year ago, many analysts had a 12 months price target of $550-600 for Apple.

    Most people don't realize that you can make money on Apple (or any other stock) regardless of what the stock does using options. 15-20% in one month is not unusual.
    Jan 14, 2012. 11:36 PM | Likes Like |Link to Comment
  • Google Trade Closed For 14% Gain [View instapost]
    I usually do both entry and exit as one order. You can "leg" in and out but then you are taking directional risk. I'm trying to be non-directional. And ALWAYS limit orders.
    Jan 14, 2012. 06:47 PM | Likes Like |Link to Comment
  • Take Flight With An Iron Condor For Significant Profits [View article]
    Rudi, you need to find out with them what happened. Do you mean they cancelled the buyback orders? But you still have the IC, right?
    Jan 14, 2012. 06:33 PM | Likes Like |Link to Comment
  • Should You Buy Google Straddle Ahead Of Earnings? [View article]
    Thank you GoochyPuppy, I think that's an excellent summary.
    Jan 14, 2012. 06:30 PM | 1 Like Like |Link to Comment
  • Take Flight With An Iron Condor For Significant Profits [View article]
    Thanks xpresstalk,

    No, I'm not using stop loss order for those trades because you will get terrible fills. I just watch them carefully and adjust when necessary. I opened Feb 700/710/810/820 IC for 3.70 credit.
    Jan 14, 2012. 12:27 PM | Likes Like |Link to Comment
  • Trading Weekly Options With The SPDR Gold Trust And Others [View article]
    I agree with you at this point, but I was talking about leaving the long strikes the same, just moving the short strikes one strike further.
    Jan 13, 2012. 11:30 PM | Likes Like |Link to Comment
  • 2 Ways To Use The Great 'Reverse Iron Condor' Option Strategy [View article]
    You can also try OptionsOracle.
    Jan 13, 2012. 09:46 PM | Likes Like |Link to Comment
  • Trading Weekly Options With The SPDR Gold Trust And Others [View article]
    Kevin, have you checked playing $2 spreads? It would reduce commissions and seems to give even better risk/reward.

    For example, checking prices for next week options:

    157/158/161/162 would cost 0.55, maximum profit 83% at expiration. Breakeven at expiration: -1.1%/+1.4%. 2% move before expiration should gain 25-35%

    156/158/161/163 would cost 0.93, maximum profit 113% at expiration. Breakeven at expiration: -1.4%/+1.7%. 2% move before expiration should gain similar 25-35%, but larger move will gain more.
    Jan 13, 2012. 09:41 PM | Likes Like |Link to Comment
  • Should You Buy Google Straddle Ahead Of Earnings? [View article]
    Short expiration will give you larger pre-earnings IV jump and higher gamma.
    Jan 13, 2012. 04:45 PM | 2 Likes Like |Link to Comment
  • Should You Buy Google Straddle Ahead Of Earnings? [View article]
    Goochy,

    I don't buy and hold through earnings, I buy few days before and sell just before the announcement. If you can find relatively safe strikes that will give you 30-50% potential return, that sounds good.

    Maybe even better strategy could be to play for 100% return and see if you can get more winners than losers. Then even with 60% winning ratio you are ahead, assuming of course small allocation.
    Jan 13, 2012. 04:44 PM | 1 Like Like |Link to Comment
  • Pre-Earnings Strangle Trades For These 4 Tech Stocks [View article]
    I'm still holding both.
    Jan 13, 2012. 03:15 PM | Likes Like |Link to Comment
  • Pre-Earnings Strangle Trades For These 4 Tech Stocks [View article]
    if the stock doesn't move, you might see a slight gain unless the IV really jumps. To have more significant gains, the stock has to move.
    Jan 13, 2012. 01:24 PM | Likes Like |Link to Comment
  • How To Profit From Sideways Markets - An Options Strategy (Part 1) [View article]
    The trade has deltas of ~25 when I was writing the article. For that kind of delta, I'm adjusting when RUT is touching the sort strikes. Since you got relatively big credit, you can afford to give up some of the gains.
    Jan 13, 2012. 01:22 PM | Likes Like |Link to Comment
  • An Ingenious Way To Profit From JPMorgan's Earnings Prior To Their Release [View article]
    My recommended strategy is not to hold through earnings. JPM case like many other cases confirm it - most of the time, the post-earnings move is not enough to compensate for IV collapse.
    Jan 13, 2012. 11:42 AM | Likes Like |Link to Comment
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