Seeking Alpha
  • JFK6
    selling weekly's on runup...PCLN will either dissappoint/guidance not up to par, or some other catalyst.their "platform" cannot last forever
    11/4/11
    Reply (9)
    • Market Maven: JFK - can you be more specific on the "selling weekly's" statement,,, tks
      11/4/11
    • JFK6: ...sold nov 11 550c @13.20....
      11/4/11
    • Market Maven: ah.. calls. gotcha. i like it. good luck
      11/4/11
    • JFK6: will lose theta over w/e.... might buy back monday deending on action. u in with puts or other suggestions?
      11/4/11
    • Market Maven: No - played the long and short side today, think i lost $60. i'm not touching earnings, but to be honest, i think it falls on either
      11/4/11
    • Market Maven: guidance or not meeting expectations. just don't want to touch it. considering long put sprd. opts are $$$$ thou, especially around earns
      11/4/11
    • JFK6: yeah... vols are out of this world...
      11/4/11
    • Market Maven: Ok - put together my PCLN earnings trade: Sell 3 PCLN Nov 19 '11 $400 Put Buy 1 PCLN Nov 19 '11 $440 Put Net cost $1.08
      11/4/11
    • Market Maven: Didn't go with wkly's due to the fact that they don't chain out to those levels.
      11/4/11