Liberty Media Is Sirius About Time Warner [View article]
I have no idea what Market Pule is? Gonna have to help me out on that one.
The buyer did not buy at 13 cents per contract. The buyer bought closer to 14 cents. Sales at 23 cents from 14 when accounting for fees is not 80%, it's actually less than the 64 percent as i did not factor modest fees a trader like this would be subect to of about 0.15 per contract.
That's a full difference of 35%+. Not really splitting hairs.
Liberty Media Is Sirius About Time Warner [View article]
Jesse. Wrong.
"yes this person has 15 million shares of SIRI"
There is no indication that the person is long SIRI stock and using the puts to cover. Can you explain why you believe the individual is long SIRI stock?
"and is betting $1 million"
Outlay was ~$900K, 10% less than 1 million. Am I missing $100k somewhere?
"(after doubling his money)"
There was no double. There was a 64% gain. The player has since lost much of that back on paper. Can you show the math please of how the individual doubled his money on the original play of 50K puts for June?
"that SIRI will be $2.75 by July 17th"
There is no indication that anyone is expecting $2.75 by July 17th. If one purchases puts on SIRI at the $3 mark for 6 cents it does not indicate that the individual is expecting $2.75. Care to explain your reasoning here?
The rest... I have no idea what in the world you are going on about. Malone skin a cat? Some kind of crazy stock manipulation to drive the price up and down and up and down? Have you contacted the SEC and shown them your detective work? :)
Liberty Media Is Sirius About Time Warner [View article]
Good lord your "sources"? What sources? The yahoo finance board and an anonymous poster there?
I am assuming you will be going short SIRI then if you are betting with this trade, or going long puts?
Lemme ask you something jesse. If the player here on the puts was so very much in the know, and expected a run up before some magical take down, then why would the player not enter the put trade at .... 3 or 2 cents, vs. entering at a top end of 6 when the share price drifted near the recent bottom?
To anyone attempting to trade this, might I suggest throwing the trade out there for all to see so we can check your score at the "end" ? ;)
"In paying attention to the options market I noticed that immediately following the Fed's mention of tapering of QE, someone (from here forward "the player") purchased 50,000 June 22 Sirius XM $3.50 put options while the stock was near the peak at $3.55 per share. Their purchase price was a rough average of about $0.14 per contract."
"I noticed that the player had seemingly sold this position back to market and taken profits at $0.23 per contract, netting themselves nearly a half million dollars in the process"
$700,000 outlay, $450,000 profit, is not a double. Not even close. It's 64%.
Player pocketed $250k. Rolled in $900K. That is now worth $600k.
Player value is currently 850K on the original 700k, down from 1150K he had when exiting the June puts.
I've watched options closely enough, and I understand that sometimes these things play out, and sometimes they do not. I've seen what appears to be players pressing their luck and getting burned.
As you posted, you expect $2.75 within 2 to 3 weeks from 6/13. You're down to less than a week and a half to less than two and a half weeks. Do you care to revise? Are you still heavily shorted at $1.87? Do you still expect less than $1 on SIRI? How did you put it.... a price so low "you can't even imagine."?
I'll give you this, Nancy, you do have quite the imagination, and because of this you may be right in that other's can't imagine your fantasies :)
Interesting. The data CN posted on his article does differ, though. My understanding has been Android is the most popular OS for smartphones and the data here confirms :
Although from your link it should be noted that they break apart Android into the different phone manufacturers and it is more a comparison between hardware rather than software.
What's critical in this case, though, is the OS, of which Google's Android is taking a considerable lead, currently at 49% of "smartphones" vs. AAPL's 43%. Thus CoolBlueLake's statement should be modified to suggest Android is the type of phone that most Americans own over any other smartphone type.
Interesting the link doesn't explore windows phone....
I just tire of the manipulation talk because all stocks are subject to it, to be honest. So it's useless to talk about. It's like talking about how hot the sun is... we know it's hot, what does it matter. Don't go outside if you don't like it...
"most Americans DO own Iphones over all other phones"
Is incorrect. I do not believe out of all americans who own phones, that over 50% of those are iPhone holders.
Not that it changes the notion of fierce competition, but the arena of dashboard OS'es, in my opinion, will likely be dominated by Android unless Apple decides to offer the iOs option for free (ie: you simply pay for the hardware). I am doubtful that car companies will limit themselves to any specific OS in the car (why limit your customers to only one subset of phone users w/r to integration) and will offer all choices.
Apple dash is cute, but other companies do it and more will do it. After all... it's just software.
Winner is the consumer who gets more choices at less cost. I love Apple because Apple keeps my non Apple stuff lower in price :)
It's interesting because to be honest with you I'd be dismayed to find out that a car I was considering had Apple in the dash. I might sound crazy to some but I just don't like Apple stuff...
Consumers can already listen to free music. FM is available. This is more of an integration mechanism and MSFT and GOOG will duke it out in this arena soon enough. MSFT is already in Ford's lineup.
This is one area I feel SIRI would do well to pick a partner, and I would lean towards Google.
Just don't see the "Apple dash" as a huge issue. It's more the general idea of the connected dash but even that is years off from being a reliable reality, and that goes well beyond my timeframe for SIRI. I'll re-evaluate as that comes into view on the horizon. Takes less than a second to hit that sell button, so no sense beating my brains out worrying about a 5 year issue yet :P
I've said it before and I will say it again till I am blue in the face... buying out of the money short term calls is a huge gamble. Huge. Might pay off but I don't like the odds on them at all.
Liberty Media Is Sirius About Time Warner [View article]
The buyer did not buy at 13 cents per contract. The buyer bought closer to 14 cents. Sales at 23 cents from 14 when accounting for fees is not 80%, it's actually less than the 64 percent as i did not factor modest fees a trader like this would be subect to of about 0.15 per contract.
That's a full difference of 35%+. Not really splitting hairs.
You are not a convertible bond holder, Nancy :)
Liberty Media Is Sirius About Time Warner [View article]
"yes this person has 15 million shares of SIRI"
There is no indication that the person is long SIRI stock and using the puts to cover. Can you explain why you believe the individual is long SIRI stock?
"and is betting $1 million"
Outlay was ~$900K, 10% less than 1 million. Am I missing $100k somewhere?
"(after doubling his money)"
There was no double. There was a 64% gain. The player has since lost much of that back on paper. Can you show the math please of how the individual doubled his money on the original play of 50K puts for June?
"that SIRI will be $2.75 by July 17th"
There is no indication that anyone is expecting $2.75 by July 17th. If one purchases puts on SIRI at the $3 mark for 6 cents it does not indicate that the individual is expecting $2.75. Care to explain your reasoning here?
The rest... I have no idea what in the world you are going on about. Malone skin a cat? Some kind of crazy stock manipulation to drive the price up and down and up and down? Have you contacted the SEC and shown them your detective work? :)
Liberty Media Is Sirius About Time Warner [View article]
I am assuming you will be going short SIRI then if you are betting with this trade, or going long puts?
Lemme ask you something jesse. If the player here on the puts was so very much in the know, and expected a run up before some magical take down, then why would the player not enter the put trade at .... 3 or 2 cents, vs. entering at a top end of 6 when the share price drifted near the recent bottom?
To anyone attempting to trade this, might I suggest throwing the trade out there for all to see so we can check your score at the "end" ? ;)
Is Sirius XM's Buyback 'Terrible?' [View article]
Liberty Media Is Sirius About Time Warner [View article]
The put buyer did not double his money at all. You are incorrect (as usual). I have already discussed the issue in an article here :
http://seekingalpha.co...
"In paying attention to the options market I noticed that immediately following the Fed's mention of tapering of QE, someone (from here forward "the player") purchased 50,000 June 22 Sirius XM $3.50 put options while the stock was near the peak at $3.55 per share. Their purchase price was a rough average of about $0.14 per contract."
"I noticed that the player had seemingly sold this position back to market and taken profits at $0.23 per contract, netting themselves nearly a half million dollars in the process"
$700,000 outlay, $450,000 profit, is not a double. Not even close. It's 64%.
Player pocketed $250k. Rolled in $900K. That is now worth $600k.
Player value is currently 850K on the original 700k, down from 1150K he had when exiting the June puts.
I've watched options closely enough, and I understand that sometimes these things play out, and sometimes they do not. I've seen what appears to be players pressing their luck and getting burned.
As you posted, you expect $2.75 within 2 to 3 weeks from 6/13. You're down to less than a week and a half to less than two and a half weeks. Do you care to revise? Are you still heavily shorted at $1.87? Do you still expect less than $1 on SIRI? How did you put it.... a price so low "you can't even imagine."?
I'll give you this, Nancy, you do have quite the imagination, and because of this you may be right in that other's can't imagine your fantasies :)
Is Sirius XM's Buyback 'Terrible?' [View article]
Is Sirius XM's Buyback 'Terrible?' [View article]
http://bit.ly/13IYTGx
Although from your link it should be noted that they break apart Android into the different phone manufacturers and it is more a comparison between hardware rather than software.
What's critical in this case, though, is the OS, of which Google's Android is taking a considerable lead, currently at 49% of "smartphones" vs. AAPL's 43%. Thus CoolBlueLake's statement should be modified to suggest Android is the type of phone that most Americans own over any other smartphone type.
Interesting the link doesn't explore windows phone....
Sirius XM: Get 31% Upside In 2013 [View article]
Go to order entry, total trade ticket, add up to 4 legs and hit analyze.
Is Sirius XM's Buyback 'Terrible?' [View article]
Is Sirius XM's Buyback 'Terrible?' [View article]
"most Americans DO own Iphones over all other phones"
Is incorrect. I do not believe out of all americans who own phones, that over 50% of those are iPhone holders.
Not that it changes the notion of fierce competition, but the arena of dashboard OS'es, in my opinion, will likely be dominated by Android unless Apple decides to offer the iOs option for free (ie: you simply pay for the hardware). I am doubtful that car companies will limit themselves to any specific OS in the car (why limit your customers to only one subset of phone users w/r to integration) and will offer all choices.
Apple dash is cute, but other companies do it and more will do it. After all... it's just software.
Winner is the consumer who gets more choices at less cost. I love Apple because Apple keeps my non Apple stuff lower in price :)
Is Apple The Reason The Price Of Sirius Dropped? [View article]
Sirius XM: Trader Makes A 15 Million Share 'Short' Bet [View article]
Is Sirius XM's Buyback 'Terrible?' [View article]
Consumers can already listen to free music. FM is available. This is more of an integration mechanism and MSFT and GOOG will duke it out in this arena soon enough. MSFT is already in Ford's lineup.
This is one area I feel SIRI would do well to pick a partner, and I would lean towards Google.
Just don't see the "Apple dash" as a huge issue. It's more the general idea of the connected dash but even that is years off from being a reliable reality, and that goes well beyond my timeframe for SIRI. I'll re-evaluate as that comes into view on the horizon. Takes less than a second to hit that sell button, so no sense beating my brains out worrying about a 5 year issue yet :P
Is Sirius XM's Buyback 'Terrible?' [View article]
Is Sirius XM's Buyback 'Terrible?' [View article]