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AutoZone, Inc. Message Board

  • optionstrader008 optionstrader008 Nov 19, 2012 12:36 PM Flag

    Jkw217.... you've asked me when I began to build my azo position....

    I built most of my short position writing calls..... I began to build my short position back in jan 2012 writing 340, 350 and 360 calls... since then I'm writing options every month(calls and puts).... so with nov written options my average is higher than the all time high.... the longer it will take for azo to drop the bigger is going to be my profit....

    For dec, I won't write any new puts... but writing new calls.... I still have written puts leaps($340 and lower strike)...

    So , those exec bozos won't ever squeeze me..... eddie clown didn't squeeze me with shld.... and he won't squeeze me either on azo.....

    ONLY novices (or well bribed fund manager) are going to be trapped here.........

    WAY LOWER we go.........

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    • option 008 very interesting the way you do it, i wanted to short azo a year plus ago good thing i didnt. option 008 do you think azo will drop fast or slow if it ever goes down?? thanks

      • 1 Reply to jkw21743
      • Well the best thing for me would be to see a long and slow down trend... as I'll keep writing calls all they way down....

        However as azo can't borrow much more cash, I think we'll see gap down , but those are probably going to be filled.... $300 could be reached within some months...... and it could take 12-18 months before seing $250....

        I don't say those target won't be reached sooner, but I'm really not in a hurray here.... for sure insiders are crushing this co in their own interests..... borrowing billions to borrow shares at that rate is rather criminal.....

        When things here are beginning to be bad.... it's going to turn really bad................

        If ever you're thinking about buying put, go with leaps... put spread wouldn't be a bad idea....

        For sure this scam is going to drop below $100... and lower..............

 
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