Wed, Jan 28, 2015, 10:11 AM EST - U.S. Markets close in 5 hrs 49 mins

Recent

% | $
Quotes you view appear here for quick access.

Coach, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • bonkenx bonkenx Nov 4, 2005 4:59 PM Flag

    Luckiching,QCOM

    Yonsu; reading your past posts I assume you are well experienced trader. So I will skip all option explanation. Good example was this week's QCOM situation. On Monday & Tuesday I bought hugh amount of QCOM shares I felt very strong my analysis was correct but there was no guarantee ,I depleated almost all my margin buying power so I took $ 17000 ea from two account and bet on DEC 40 CALL with that $ amount I controlled 20,000 shares which normally cost me about $800,000 instead of $34,000 to control same number of shares. If that ER and any wrong EU suit comments in Conf. Call. Stock could of have dived into deep bottom and $800K was wide open for picking instead of $34K limited on option side. In this case ,Since I played only for 2days so I walked away with doubling my option fee. Other half of common shares I bought on Monday since ER turned out correctly I am keeping.
    Based on last year tax return recod, I gained $200k plus on option side. without exposing more working capital. My recod shows I had better return with PUTS then Calls

 
COH
36.8238+0.0538(+0.15%)10:10 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.