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LanceLink

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  • How To Turn Apple Into A Dividend Stock [View article]
    You mean if AAPL goes up $80, he makes $6? Maybe so...but I don't owe him jack until it gets to $600.01. He only gets $12 from someone else. And I'll take the $80 per share increase on my AAPL shares, in the meantime, thanks.
    Dec 25, 2011. 05:40 PM | 1 Like Like |Link to Comment
  • How To Turn Apple Into A Dividend Stock [View article]
    It's all kind of obvious, isn't it? Sell covered calls, write puts, make the other guy pay. With AAPL, I'd wait to sell calls until right before earnings when it gets crazy. No reason to sell puts, when the stock is moving up. Not the right time. You sell puts when everyone is in a terrified mood and the VIX is jacked up. All that being said, did you note that AAPL January 2013 calls -- at a 600 strike price -- are selling for $6.35? That means that unless AAPL goes up 50%, that guy loses it all. Or, stated the other way, if I sell him the calls, I don't owe him anything unless and until my AAPL holdings go up 50%. That would be terrible, wouldn't it?
    Dec 25, 2011. 06:39 AM | 1 Like Like |Link to Comment
  • BIDU's Covered Call Opportunity [View article]
    With the VIX pushing 43, sometimes things like this are worth looking at. But BIDU dropped $15 right after the author wrote this article. So, why OTM? Seems like directional trading to me, not covered call writing. How about selling the Dec 80 for $33, stock at 106.91, outlay $73.91, return of $6.09, or 8.2% for 75 days, with a high probability of BIDU holding 80, and you're covered down to $73.91 before you have a loss. That's a 40% annual return. That's covered call writing, as opposed to a hopeful play on a "momo" stock.
    Oct 2, 2011. 03:53 PM | Likes Like |Link to Comment
  • Apple Struggling At $400: Great Low-Risk Short [View article]
    The reaction to this article is a bit overdone. Can Apple fall from here? Of course it can. Anyone who has traded it for a few years knows it, and remembers the heartbreaking, logic-defying downturns. Sometimes big ones.

    But shorting? That’s serious business. If that’s really the way you feel about it, there are better ways to be short than a dangerous, naked short of the stock, especially coming into earnings season. Some of the best run-ups on Apple have been in the two or three weeks before earnings.

    For instance, why not put on in-the-money bear put spread? Maybe something like buying the October $420 put and selling the October $405 put, for about $9. Make the bulls prove their case and get it over $405. If they don’t, you make $6. And, if you have the margin (or a “portfolio margin” account, like at Think or Swim), why not pay for it by selling puts way, way, out of the money, like the January 2013 put at $230 for about $9 (if that sounds like a lot for someone to pay you to buy Apple at $230 in about 16 months, you’re right, it is).

    So, if Apple goes up, maybe you stop out of your bear put spread at a small loss, but, at the same time, the put will drop in price somewhat, diminishing your loss on the spread. And if Apple goes down (OR, for that matter, just stays where it is!) and doesn’t make $405 by October 22, you collect the $6, and your short put goes up a little bit (it has a delta of .08), but, does it really matter if you have no problem buying Apple at $230? And if the stock does nothing, the put slowly decays, making you a little money every day.

    Nothing personal against anyone on this board, but sometimes I read Seeking Alpha comments and it’s almost like no one has ever bought or sold an option contract. With a few exceptions, of course.
    Sep 18, 2011. 12:35 PM | 1 Like Like |Link to Comment
  • Building a 'Not Permanent' Portfolio [View article]
    BNZ is changing, as you note to an "Australia and New Zealand Debt Fund," but the change is not happening until "on or after August 26, 2011," according to the WisdomTree press release. Anyway, it seems like a strange change from what is currently just a currency fund, like FXA, and the like.
    May 29, 2011. 11:52 AM | Likes Like |Link to Comment
  • How to Double the Return From the Rise in Gold and Silver [View article]
    The "big badda boom" will make all silver go higher...including the silver that the SLV has in its possession, and the price of the SLV, which, as I said above, I can trade to make more money. Whether or not I "can get the silver that the SLV is holding" is irrelevant. I am not holding the SLV so I can "get" physical silver.
    Apr 9, 2011. 09:56 AM | 1 Like Like |Link to Comment
  • Silvery Play: 5 ETFs [View article]
    Yeah, totally. You want to hear something that will blow your mind? A funny thing happened to me. I've been in SLV since 10 and change. Sometimes I buy the EFT and hold it, and then take profits. Most of the time I've bought calls, holding them for a bit, and most of the time making money. I'm also still holding a lot. It's been quite a ride. But when I do take profits, the profits go in my brokerage account, and then I've transferred the money to my checking account, and then I write checks to my mortgage holder -- AND HERE'S WEIRD THING -- they take the money!! Crazy, right? They take my profits from the SLV just like it's real money!! They didn't ask me if I "had physical"!! They didn't ask me if the SLV "really had the silver"!! They did not once mention JP Morgan or a massive short!! They didn't ask me if my silver was "stored securely"!! Can you believe this? They simply took my check, and transferred the SLV profits from my bank account to their bank account. Just like real money!! No questions asked! This is just crazy, right pmguru_1? Can you believe this happened to me? Someone pinch me, I'm dreaming. This is too good to be true.
    Apr 9, 2011. 09:18 AM | 5 Likes Like |Link to Comment
  • How to Double the Return From the Rise in Gold and Silver [View article]
    Yeah, totally. You want to hear something that will blow your mind? A funny thing happened to me. I've been in SLV since 10 and change. Sometimes I buy the EFT and hold it, and then take profits. Most of the time I've bought calls, holding them for a bit, and most of the time making money. I'm also still holding a lot. It's been quite a ride. But when I do take profits, the profits go in my brokerage account, and then I've transferred the money to my checking account, and then I write checks to my mortgage holder -- AND HERE'S WEIRD THING -- they take the money!! Crazy, right? They take my profits from the SLV just like it's real money!! They didn't ask me if I "had physical"!! They didn't ask me if the SLV "really had the silver"!! They did not once mention JP Morgan or a massive short!! Can you believe this? They simply took my check, and transferred the SLV profits from my bank account to their bank account. Just like real money!! No questions asked! This is just crazy, right Platinum321? Can you believe this happened to me? Someone pinch me, I'm dreaming. This is too good to be true.
    Apr 9, 2011. 09:09 AM | 2 Likes Like |Link to Comment
  • Silver Supply Illustrated [View article]
    Not paper silver. Real silver that sits in a real warehouse. It's been audited. And please, don't start in with the "how do you know it's been audited?" stuff. It's a tired argument. Dog tired. SLV has been an outstanding performer. With real profits. If you don't like it, don't trade it.
    Apr 8, 2011. 04:26 PM | Likes Like |Link to Comment
  • Silver Supply Illustrated [View article]
    I'm sorry, but there's nothing wrong with SLV. Excellent ETF. Highly liquid, accurate, with solid options trading.

    And, instead of bashing it every chance you get, you silver bugs should be praising it...it is driving much of the demand, driving prices ever higher. Why? Because the fund buys silver, that's why.
    Apr 8, 2011. 09:04 AM | Likes Like |Link to Comment
  • Why I'm Selling Apple [View article]
    Rocco, please. Relax. You think you're the first guy to get nervous about holding Apple? We all are. It's a lot of money on the table.

    Here's a solution: Sell the stock. Then sell a January 2013 put at $250, for about $20. Then buy a January 2013 call spread at about 350/400 for about $20. So, if Apple closes above 400, you get $50 (and, of course, the spread pays above $350). Unless it closes below $250, this is a free shot, except for the margin costs. If Apple stays the same, at $340, again, no loss. The worst that can happen is the stock is put to you at $250.
    Apr 4, 2011. 08:56 AM | 1 Like Like |Link to Comment
  • SLV 'Tonnes in the Trust' Back at Record High [View article]
    "Common knowledge"?? That's a good one. Yes, it is common knowledge that they DO have the silver. 182 tons of it.

    But, of course, nothing anyone can ever say will convince you, so why bother? You people are really boring.
    Dec 10, 2010. 10:39 PM | Likes Like |Link to Comment
  • SLV 'Tonnes in the Trust' Back at Record High [View article]
    That didn't take long....another nonsensical "they don't have the silver" comment about SLV. They have the silver. It's been audited. Can you move on to something else? You're beyond boring. Now we're counting trucks, are we?

    This ETF is accurate, stable, and liquid. If you don't like it, stick to eBay.
    Dec 9, 2010. 11:59 PM | Likes Like |Link to Comment
  • Investing in Silver in 2011 [View article]
    Thanks, Ag.. what's your seller name? I'll check out your listings.
    Dec 4, 2010. 07:15 PM | Likes Like |Link to Comment
  • Investing in Silver in 2011 [View article]
    I disagree on the "high premium" comment about junk silver.

    I've been buying large amounts on eBay for a couple of years now...and if you do it right, you can get very close to spot, even with shipping costs figured in.

    I do note that, in the past couple of months, quantities are decreasing, and there is less to buy. People, understandably, want to hold it, not sell it.
    Dec 4, 2010. 01:29 PM | 8 Likes Like |Link to Comment
COMMENTS STATS
50 Comments
94 Likes