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peterburgess

peterburgess
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  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    I'm using the iPhone5 with the SA app with push notifications enabled Probably, my most used app..
    Jul 30, 2013. 08:32 AM | Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    For the mobile app, the new format creates way too much white space. I would prefer a denser display of information. Try removing the cr-lf surrounding list items.
    Jul 29, 2013. 08:49 AM | 2 Likes Like |Link to Comment
  • What Earnings Season Tells Us, So Far [View article]
    Schwab released new version of StreetSmart Edge with a trade and probability calc/graph feature which includes settable IV -- finally.
    Apr 26, 2013. 02:24 PM | Likes Like |Link to Comment
  • What Earnings Season Tells Us, So Far [View article]
    Please follow your ideas and keep writing! This area is rich with possibilities and but quite complex.

    I have been placing small positions this week with Apr26/Jun calendars for NFLX, AAPL, QCOM, and AMZN.

    The basic option calculators/graphing tools from my brokers don't allow me to treat the IV of the near and far options as variables, as it does with time and underlying price. (Use the CBOE simple calculator to collect data points) So it's hard for me to get a handle on where to place strike prices. Starting with non/slightly directional sets of spreads +/- 1std OTM and a tiny bit of way OTM call and put insurance options in the far month... (great for the NFLX move) Theta and IV collapse in the weeklys are a amazing rush.
    Apr 26, 2013. 12:39 PM | Likes Like |Link to Comment
  • How To Play Baidu's Earnings Announcement On Monday [View article]
    vega & theta.

    Maybe one should buy the back month options a bit before selling the near options?

    How much does a back month ATM option volatility change +/- a week around earnings?
    Feb 5, 2013. 10:44 AM | Likes Like |Link to Comment
  • How To Play Baidu's Earnings Announcement On Monday [View article]
    With BIDU @ $108, market markers are pricing the Feb 8 110c @ $3.45 and the Feb 110p @ $5.45 with the 110 straddle @ $9.90.
    The mm expected move is $9.90/$108 = 9.16%.

    Playing with an option calculator and feeding various price and IV
    values, you seem to have a wide profit area.

    Good luck
    Feb 5, 2013. 08:33 AM | Likes Like |Link to Comment
  • Maximizing Apple Profits With Long-Dated Covered Call Options [View article]
    I recently read about this combination (buy-write + cash secured short put). I have not yet constructed a position of this structure, but it seems to be a wonderfully conservative way to play a stock trending upward - buy 1/2 of your stock position now, write a call 45 days out at your target price, and write a put at a lower strike price. If the stock goes up, then you win, if the stock remains neutral, you win, and if the stock goes down, then your put gets exercised, and you purchase the 2nd half of your position at a lower basis price.

    Now you can double the number of option contracts written each month.

    I love selling time premiums. Once my forecast is made, then my maximum gain is attained when my stock is called away.
    Nov 6, 2011. 08:06 AM | Likes Like |Link to Comment
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