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Coach, Inc. Message Board

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  • 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

 
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