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gwenace

gwenace
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  • SandRidge Energy: Heading To $10? [View article]
    Thanks to your article I bought 2015Jan $10 calls and they are up 20% already. I plan to hold for a few quarters. You are my favorite author on SA.
    Sep 6 04:13 PM | 2 Likes Like |Link to Comment
  • Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD[View news story]
    The increased household debt/income ratio is an inevitable result of ultra-low interest environment. Canadian banks are still maintaining a favorable spread between mortgage and deposit sides. As mentioned by Uunderhill, several banks are buying international banks in order to boost retail deposits.

    I never invested in bank stocks. But if this downgrade drives the stock prices low enough, I wouldn't mind jumping in and make easy money (if the market doesn't crash :P).
    Jan 28 09:19 PM | Likes Like |Link to Comment
  • Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD[View news story]
    They downgraded pretty much all the big banks? This is entertaining.
    Jan 28 07:26 PM | 1 Like Like |Link to Comment
  • Making Money W/ Nokia The "Long Leverage Way" [View instapost]
    I agree with you. Although I didn't take profit on my calls before the earnings - I was overly optimistic. NOK is a long-term play. Probably will take 2 years for the comeback in market share.

    I'm getting RIMM puts for BB10 launch.
    Jan 28 07:15 PM | Likes Like |Link to Comment
  • Making Money W/ Nokia The "Long Leverage Way" [View instapost]
    I also think it could go down again to 4.10~4.20 level, or even $4 or under relatively soon. However if RIMM blows out, NOK will probably get a boost.
    Jan 28 07:01 PM | Likes Like |Link to Comment
  • Making Money W/ Nokia The "Long Leverage Way" [View instapost]
    I sold $3.5 FEB16 calls bought yesterday for a quick 10% gain today. The long leverage way is simply the right way to play NOK so far...
    Jan 28 06:58 PM | Likes Like |Link to Comment
  • Making Money W/ Nokia The "Long Leverage Way" [View instapost]
    :) Those naked puts are easier money than the cheap calls at this point.
    Jan 25 07:16 PM | Likes Like |Link to Comment
  • Autodesk (ADSK +4.3%) jumps after Goldman upgrades shares all the way to Conviction Buy from Sell. The firm is encouraged by the CAD software giant's improved execution, as well as accelerating growth in the non-residential construction space. Shares are a little above where they traded when Goldman downgraded them to Sell in Dec. '11. [View news story]
    Classic GS.
    Jan 25 12:11 PM | Likes Like |Link to Comment
  • Making Money W/ Nokia The "Long Leverage Way" [View instapost]
    Just came across this blog. I am also a super bull. (So I don't know if I can correct/criticize you much lol). On top of buying calls, I am also selling naked puts.

    This might sound crazy, but I've got out of all my positions in other stocks (with a gain in every stock :D) just to have the cash handy in case NOK falls more.
    Jan 25 12:07 PM | Likes Like |Link to Comment
  • Japanese shares jump in early trading, with the Nikkei Average up 2.2% at 10,844, as the dollar trades around its highest level against the yen since mid-2010. Once again, exporters lead the charge: Mazda (MZDAY.PK +7.6%), Sony (SNE +3.9%), Honda (HMC +2.9%), Advantest(ATE +6.5%) and Tokyo Electron (TOELY.PK). [View news story]
    SNE is nuts, haha. Got lucky with this one.
    Jan 18 01:06 AM | Likes Like |Link to Comment
  • Here To Make (Quick) Money With Nokia [View instapost]
    Nokia is up 3% on Helsiki today at 3.50 EUR now, pretty stable up there.
    Jan 14 07:29 AM | Likes Like |Link to Comment
  • Here To Make (Quick) Money With Nokia [View instapost]
    Thank you bilton! Love your explanations. Mine were just so dry, no wonder people are not getting what I am saying. I am always bad with examples.

    Nokia options are very volitile. Traders could try to take advantage of that...or, to make it easy, just write low strick price puts.


    ----------------------...
    I gotta have to clarify myself again for my last comment, bear with me, I've had less than 8 hours of sleep in the past three days.

    In my last comment, "If you are writting a put, you are promising to give the put BUYERS the shares on the contract." --This is ambigious, or, wrong...put writters are giving the put holders the shares *to sell*, not that the put holders will long the stock after exercising the option... you know what I mean. bilton has explained it correctly. =)

    Essentially put writters are buying back the shares at the stike price if the put options get exercised.

    For a stock like Nokia, like Rookie described earlier, writting puts is a lucrative play. Writing puts implies you are bullish on the stock. If the price drops, and put option gets exercised, you get to load up at low prices.
    Jan 14 04:58 AM | Likes Like |Link to Comment
  • Here To Make (Quick) Money With Nokia [View instapost]
    No, that's not true. If you are shorting a stock, you are borrowing shares. If you buy a put option, it's a right to sell at strick price not an obligation.

    If you are writting a put, you are promising to give the put BUYERS the shares on the contract.

    http://bit.ly/GZXqPm
    Jan 14 12:44 AM | Likes Like |Link to Comment
  • Here To Make (Quick) Money With Nokia [View instapost]
    "so put holders may exercise puts if the loss is less than the cost of buying. " - I will correct myself on this misstatement.

    Put option holders will exercise their options if and only if their strike price is higher than the current stock price. So they are exercising to recover some loss on intial cost and/or to make a profit. They won't exercise the put options otherwise; shorters don't have "options" but to buy back the shares later.
    Jan 13 04:30 PM | Likes Like |Link to Comment
  • Here To Make (Quick) Money With Nokia [View instapost]
    @oldwarrior, a put option is a right to sell, NOT an obligation, you can choose to exercise it or not. Put options' payoff curve is fundamentally different from shorters who borrowed the shares. When stock price goes up, for options, the pressure comes from call holders exercising their options, as well as put holders who want to minimize their loss. This pushes the price up and shorters are worse off. If the option doesn't get exercised it will be worthless on the expiration day, so put holders may exercise puts if the loss is less than the cost of buying. But put option holders don't have to exercise the stock, their downside is limited, they are different from shorters who have to return borrowed shares at some point.
    Jan 13 03:39 PM | Likes Like |Link to Comment
COMMENTS STATS
61 Comments
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