when you play the aapl weeklies like you did last week (for this friday exp) and they drop -- do you roll them? increase your position? or just write them off as a possible loss (I know it is only Monday)
CR your disclosure no longer says 2.50 covered calls and 3 covered calls just the $3 ones. Did you buy back your 2.50s or did they get called away? I still hold 2.50s on about 5% of my shares that have not been called away
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wouldn't you be better off just buying at 2.25 and selling at 2.35 and repeating that play rather than shorting at 2.35 and buying back at 2.25? While it has bounced back from 2.35 many times if it breaks to the upside and you are short when do you get out? 2.40? 2.45? I guess it comes down to what you think is stronger - resistance at 2.36 or support at 2.24. Seems to me the follow up to hitting 2.41 is a lot different than it was last May. The more it tests that upper range the better the odds are that it will break thru, especially with speculation of raised guidance. I agree that if guidance is not raised the stock will get punished temporarily.
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I am long, but I think when Mel said "that has to be the agenda" he meant taking the idea to the board, not that the buyback HAS to be the agenda. It may be semantics, but I think it is an important distinction since you are putting so much emphasis on it.
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after 8pm -- any thoughts? now 2.15/2.22
think it gets taken to 2.08 for a better adding point?
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any way, thoughts on Direct TV raising 3.8 billion from notes by COB thursday?
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it is supply and demand - simple
if theres 20m MORE bought that means MORE demand