blue, i think i have nearly convinced myself to pick up some aapl dec or jan calls when the stock price hits 190
a small position. maybe 10 contracts.
(i may even buy $5 in the money calls and sell some near month out of money calls against them while i wait)
if i do i'll post it
FSLR: at the money nov call option is 10 for a 155 stock. iow, 10/155 = 6.5%
POT: ATM nov call option is around $7 (extrapolating); 7/102 = 6.8%
thus, fslr option are cheaper taking the IV into account
AAPL: ATM nov call is 5.5; 5.5/200 = 2.8%; thus cheaper
Given what we think we know about aapl, i think it is a safer play
IV = implied volatility
nice..i havn't started trading options yet....still tryin to get this one down...i need more work...too many weaknesses i still have..wow..i sound like yoda....after i work the bugs out..i'll start...i will be a great trader one day...today..not yet...lol...
sounds like it could be a good options play, Dual. The futures are kicking my butt lately! But you know how that goes.
Also, I've done really well with FSLR options in the past. What is your take on FSLR? or POT is another I like to play sometimes.
Check out this video of Cramer's producer. My favorite line of the clip, HER words:
On her advice to Cramer: you have to seduce your crowd into thinking you're the greatest, or something to that effect.
if true, puur, i think the call option in aapl i darn cheap
let's say it pulls back to 190, and one picks up some dec 190 calls for around $7.5, and by dec opex if it is trading above 197.5, you are making greens.
if it expires at 205 by dec opex, the buyer would have doubled his money. 212.5, buyer triples the buy in $
I WANNA buy aapl some place in the middle of 175 and 153
but if it goes to 228 first I'LL PUT that gal till the cows come home.
got some jan 185's ON it now cause market correction gonna be brutal so that fat lady should pay me.