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maxcash47

maxcash47
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  • Trading Apple Using My Daily Options Strategy: Spotting The Lows [View instapost]
    Other stocks you have used in the past are MA, PCLN, CMG and LNKD. Do you still use these? I know you like to keep your list to only 9 main stocks and then you have your list of minor stocks. I am just wondering if I should update my list?
    May 1, 2012. 09:17 AM | Likes Like |Link to Comment
  • 6 Earnings Plays For The Week Of April 23-27 [View article]
    A general question... with RIC, the increase in IV should produce the profit even though the stock price might not actually pass outside the strikes, correct? I am in the AAPL RIC but I moved the strikes based on the price yesterday: 575/580/625/630 and the IV was around 57 for the puts and 54 for the calls. I paid $3.50 for it yesterday and even though IV has gone up about 10 points on this trade and they had a major downward move yesterday, I am not yet making a profit. I plan to continue to hold through Monday with the expectation that the IV should increase even more. I believe in the past I have seen AAPL IV get up as high as 105? So the question is... I should see a profit even if the price of the stock lands within the middle of the RIC due to the increase in the IV correct?

    Thanks!
    Apr 20, 2012. 10:30 AM | Likes Like |Link to Comment
  • 7 Earnings Plays For The Week Of April 16-20 [View article]
    What do you think about RIC on CMG? They don't always have a huge move but they have run up quite a bit this past month which might make the earnings results produce a larger swing in the price the next few days.
    Apr 16, 2012. 07:47 PM | Likes Like |Link to Comment
  • 10 Rules For Trading Calendar Spreads [View article]
    In your article, which expiration is considered the "front month". In reading your 10 rules, you mention that you want the front month IV to be higher than the back month, but I'm not sure what this means. Is the front month the one that you are selling (closer expiry) or is it the one you are long (further out expiry)?
    Apr 2, 2012. 10:42 AM | Likes Like |Link to Comment
  • Generating Weekly Income By Trading These Select Stocks And ETFs [View article]
    With the msft trade younmention above you said to place it on Thursday. Do you mean that it only has one day to expiration or do you mean to place it the Thursday that the weekly options first come out for the following week?
    Feb 17, 2012. 10:52 PM | Likes Like |Link to Comment
  • We'll Go Ahead And Add Netflix (NFLX) Back To The Daily Options Strategy  [View instapost]
    Can't wait to read more of your articles. I check back everyday for your insight. You have taught me so much about trading options. I can't thank you enough!
    Feb 2, 2012. 11:31 AM | Likes Like |Link to Comment
  • 5 Volatile Stocks For Earnings Trades [View article]
    So does this mean that you changed GMCR from a straddle (which you suggested in your article) to a strangle (which is reflected in the above comment)?
    Jan 27, 2012. 07:57 AM | Likes Like |Link to Comment
  • 5 Volatile Stocks For Earnings Trades [View article]
    Are the CMG options the weekly ones? I didn't think they offered weeklies, but I saw them posted in my broker's account today.

    Also, are you considering placing a RIC on BIDU? I think they report on 1/31.
    Jan 26, 2012. 09:25 PM | Likes Like |Link to Comment
  • Google Options Underestimated The Risk, Again [View article]
    Oh Ok, thanks! ;)
    Jan 22, 2012. 01:03 PM | Likes Like |Link to Comment
  • Google Options Underestimated The Risk, Again [View article]
    I'm confused about which expirations you are using. Didn't the January 2012 already expire?
    Jan 22, 2012. 09:04 AM | Likes Like |Link to Comment
  • Now Is The Time To Buy Netflix's Volatility [View article]
    Two things...

    1. NFLX doesn't report until Jan 25th, which is Wed next week, so why are you using the weekly options instead of using the Feb options to place the strangle trade?

    2. You are using a strangle position, but you have the call strike ATM (stock was at $99 at time of article) and an OTM put. I thought strangles were placed with OTM calls and OTM puts in which case you would do $110 call and $90 put right? I put in your parameters into a profit loss calculator and it shows the trade will cost $12.60 and the stock will have to move significantly to profit.

    Can you please clarify these two questions?
    Jan 19, 2012. 01:09 PM | 1 Like Like |Link to Comment
  • Trading Intel's Earnings Release: Expecting A Mild Price Move [View article]
    I have a question about using the trade calculator on optionsxpress. I put in the exact parameters that you have stated above and I get a similar profit/loss chart. I always put in the Price as "market" since I don't know what the current price is for the trade. Once the chart comes up, I still can't seem to figure out what the market value is for the trade. Is there somewhere that it shows you what the market price is for these types of trades? I would like to be able to put in a limit price to see how it would effect the profit/loss calculation, but I have not idea where to even begin since I have no idea what the market price is to start with.
    Jan 13, 2012. 08:04 AM | Likes Like |Link to Comment
  • Trading Intel's Earnings Release: Expecting A Mild Price Move [View article]
    I might need to clarify... I can see where it shows me how much the total trade will cost, but how do I determine what a good limit price would be based on the cost that it shows me. Would I divide the cost by 300 since I am dealing with 300 contracts? I just can't seem to figure out what to put in for a limit price.
    Jan 13, 2012. 08:04 AM | Likes Like |Link to Comment
  • Trading Intuitive Surgical's Earnings Call On January 19 [View article]
    I put your strangle into the optionsxpress trade calculator and it shows that the stock price would need to move outside the strike prices in order to make any money on this trade. Is this not the case due to the fact that the trade calculator doesn't adjust for volatility around earnings? Or is there something else I'm missing? Because that is a large price move!
    Jan 13, 2012. 08:04 AM | Likes Like |Link to Comment
  • Strategies, Stocks And Tips For Consistent Options Trading [View article]
    Is this a trade that you do on a regular basis - one day before expiration? It is strange to think that you can make money on something when the goal is for the stock price to stay in the same place it started!
    Jan 12, 2012. 08:54 PM | Likes Like |Link to Comment
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