Seeking Alpha

Will Erlandson

Will Erlandson
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  • Apple Breaks Below Its 200-Day [View article]
    I could sit in my mom's basement and provide the same level of coverage.
    Nov 5 05:11 PM | 12 Likes Like |Link to Comment
  • Using Options To Speculate On Apple [View article]
    I'm not sure I would be that surprised - hence my question. I've actually started to dabble in bull put spreads as the stock has moved and haven't lost yet. I also did an iron condor into earnings, which was a successful trade given the minimal movement in the stock. My core is 2 long-term calls that I sell against, but your comment appears to reiterate my own to the author: What is the advantage of naked options versus the various strategies we've brought up?

    Currently, I only have my long calls. On a bounce into the 620s I'll sell 2 more calls.
    Oct 31 10:39 AM | Likes Like |Link to Comment
  • Using Options To Speculate On Apple [View article]
    LEAPs are too risky, but naked options with 4 months to go are somehow less so? How is this? What's the advantage to naked options, particularly vs. naked LEAPs, or diagonal strategies?

    For me, naked options in general are too risky. I buy LEAPs and sell front month or 60-day calls well OTM on AAPL so I can sleep at night. But I'm new to this, and would like to hear your perspective. You could lower both your risk and cost basis, for example, if you were to buy the 585 strike you mentioned in your previous comment and then sell a DEC 630 call against it. Price would be about 75.78, and the DEC option would expire before the next catalyst of JAN earnings that you mentioned. Or, one could buy the FEB 595 call and sell the DEC 630 for 31.63. Why not do that or similar to lower cost basis, risk, and theta?
    Oct 31 08:43 AM | Likes Like |Link to Comment
  • Using Options To Speculate On Apple [View article]
    Duration trumps direction.
    Oct 31 07:38 AM | Likes Like |Link to Comment
  • Amazon: Drowning In A Large Flood Of Negative Developments [View article]
    It's a good article, but it took a lot of times getting bit for me to learn that stock news does not equate to stock movement. A year ago I too had puts in AMZN, thinking it couldn't sustain it's massive PE. Logic still suggests that's just as true today, but I've moved on from outright puts to iron condors and put spreads, defining my risk and watching trends/ranges rather than trading the news.

    Honestly, you could give any one of us the next 7 days of tech news and stories of fundamentals today, and we still wouldn't be able to anticipate direction or extent any better than we do day to day.
    Oct 9 07:43 PM | 1 Like Like |Link to Comment
  • Google Options A Good Play [View article]
    I couldn't agree more.
    Oct 5 12:52 AM | Likes Like |Link to Comment
  • Arkansas Best: Want A Trucking Company For Free? [View article]
    Buy high, sell low. Errr, wait...
    Sep 23 04:30 PM | 1 Like Like |Link to Comment
  • Why Now Is The Best Time To Short The Market [View article]
    I did not agree, nor did I disagree. I merely asked if he was walking his talk. If I'm contending anything at all, it's that I don't know where the market will be in 2 weeks, or 2 months, or 2 years, and neither does the author. I have some short, and some long positions (both via options). I am neither a bull nor a bear; instead I aim to be diversified, risk managed, and nimble.

    Based on the author's disclosure the article should be titled "Why Now Is The Best Time To Short The Market (or, Do As I Say, Not As I Do)."
    Sep 12 08:06 PM | Likes Like |Link to Comment
  • Why Now Is The Best Time To Short The Market [View article]
    I don't mean to be blunt, but are you actually taking your own advice? What's different this time versus that first call you made in your AUG 1 article 4.5 SPY percentage points ago?
    Sep 7 12:26 AM | 1 Like Like |Link to Comment
  • Has Apple Peaked? [View article]
    Stand in line with the others shooting off their keyboards without having read the article.
    Aug 29 10:38 PM | 2 Likes Like |Link to Comment
  • The San Jose Verdict: Implications For Apple [View article]
    Thank you for the additional info, this clears it up.
    Aug 27 07:56 AM | Likes Like |Link to Comment
  • The San Jose Verdict: Implications For Apple [View article]
    Can Samsung appeal, or is this judgment final? I'm long AAPL via LEAP calls, and certainly hope this is the last word. However, I thought I heard a blurb on the news that the case is likely to be drug out on appeal for years.

    Edited to add: Just saw the news of an appeal. Stephen, any thoughts how that might impact how much of a victory this can be considered?
    Aug 25 01:58 AM | Likes Like |Link to Comment
  • Bad News Faces Off Against Big Hope Today [View article]
    Capital imbalances between whom? What implications? I'm not trying to sound argumentative here. I'm a novice, and I know it. I don't even necessarily have a broader theory on the market, but rather just go with flow/trend. With low volume chop at these levels I've put a couple shorts in place, but I'd be okay with being wrong too.
    Aug 9 02:21 PM | Likes Like |Link to Comment
  • Bad News Faces Off Against Big Hope Today [View article]
    Thanks for writing a good round-up of the factors at play. As to how they appear to affect the markets:

    Good news = markets rise.

    Bad news = easing more likely, markets rise.
    Aug 9 09:12 AM | Likes Like |Link to Comment
  • Costly Mistakes I Have Made And How To Avoid Them Using Options [View article]
    I'd be concerned about missing out on the upside. Many of the gains in the indexes have historically occurred in 1 day, much less good weeks or months that could prove costly either buying back the calls or being exercised on them.

    Hypothetically, if we inverted the waterfall from the crash in the chart and turned it into a massive bull run, the reduction in volatility of the portfolio would be accompanied by a reduction in gains. I admit that's a low-probability (again, hypothetical) prediction going forward, but it would also be a high-impact one. I'm not against using covered calls to protect core holdings, but save them for those cases where I see indicated temporary downside over a period of weeks in a given stock or stock's sector.
    Jul 10 12:08 AM | Likes Like |Link to Comment
COMMENTS STATS
17 Comments
18 Likes