Purchased at $15.85. Sell order at $70.00. Equals $545.00 on the stock by Sept expiration. New product announcement on Sept 12th. I expect that to be a catastrophe. Stochastics have peaked today on Aapl. VIX filled only unfilled downside gap at $15.45 yesterday. SPX has made a 'bear flag' to completely fill the only upside gap at 1405.82 two days ago. SPX stochastics have also topped. I've been wrong on the SPX for the last 75 points ( how embarrasing is that ) , and yet my account is basically at a yearly high. That's why you read charts and select individual stocks accordingly. Best wishes, shorts. And, Prez, every time you post that you have sold a downside put strike on Crm, I get nervous for you. You've made enough doing that , that I imagine if you finally lose money on some, it won't hurt you too badly. My largest current position - Crm Nov 130 puts ( added to yesterday, my avg price on those are $12.50, sell price at $51.00 , equals $79.00 by Nov expiration ). Again, best wishes, shorts.
"I sold the 615 put yesterday at 11.80, and picked up the sept 620 put today at 11.74. Will amount to an extra $500.00 of profit".
jkanalysis: those Sept 620 puts going for $7 now and will expire worthless. Feel bad for your dumbbb trading.
He claimed to be the best chartist in the world. Well, I've read that when a stock makes a new all time high, it has the potential to go up 10% from there. Not that AAPL will but that is the potential.
Also, he was bearish on AAPL from much lower and AAPL did not tank from there, so he is fighting the tape.
There are lots of stocks with worse charts and fundamentals than AAPL to buy puts against or short.
The only thing I would lose is opportunity to make more on my short position. The puts are covered by short shares. I must admit that I was a little nervous last week. I had sold the Aug 03 125 weekly puts and when thecstock got to 121 I planned to roll them to this week's 125s. Stock rallied to 128 and the options expired. Same story this week except I sold the Aug 10 130 weekly puts at 3.70 and I think they'll expire tomorrow. I think the stock is overbought so I won't do anything until after earnings.
Good luck JK!
Funny - - - I'm also in the Nov 130 puts for about the same price. I like the expiration date which is most likely one day after earnings in case I'm deep out of the money at that time. If I'm deep in the money as that date approaches then I will have to trade them out for Dec because its too risky to let the puts expire the next day if there is a short term squeeze.
added to my Nov 130 puts today - I am not shaken by this run . . .3 months is an eternity for this stock. I'm not interested in predicting the exact moment in time this stock tops, I'm just interested in where it goes between now and Nov 17
Bluehorseshoe made bank on JOBS August 35 C.....TODAY$$$$$$$$$$$$$$$$$$$$$$$$$$ANOTHER BIG Winner I give you....but bluehorseshoe is done giving out winners...What Bluehorseshoe has found out that most here do not give a schitt about the easy winners like dndn pcln or even JOBS most here would rather fight the tape...I covered my crm put at $124 now look at where stock is....Freaking $140...I got news for some of you...CRM Not through going higher.....May pullback some short term but will have atleast 1 more push higher.....Good Luck....