It's the holidays...no one needs to lose money IF this doe not happen.
operative words is "AFTERNOON of Dec 17th"
this is merely a hobby.
so what do I know...
However, I study numbers 24/7
this did not work?...selling puts was not a good idea ONLY because Wall Street saw this trade and joined hands to come after us...no other reason why AAPL sold off last Jan after that earnings report.
People panicked...rest was history
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DaVinci loved numbers; so do I
by biglefthook_00 • Dec 29, 2012 8:52 AM
Everyone here knows I like playing a 12-20 month option play. Last year, I started with a simple trade to sell Jan 2013 $600 calls for $80+ which are now .80 but suggested selling Jan 2014 $80 calls for $80+ which are now $38....
This year,,,I think selling both sides of the Jan 2014 $520 strike price for $148 then buying a Jan 2014 $290 put to hedge this for $25..this nets $124...once again back to $125-...t
To do this you must close out the sale of the Jan 2013 and/or Jan 2014 $600 call....Bottom line these three trades will have netted $200 in your pocket in one year Less
Sometimes one must ask...who is chasing who?
stock is UP 300%...everyone should be taking profits
I thought $40 would hold but it is not
no one likes people who distort the truth for personal reasons
The decision to wait until after the USA Dec 13th deadline to announce was a good move. BUt we have been here before. so..?
Afternoon of Dec 17th buy a cheap put as insurance. News come out on the evening of Dec 17th after 2000 hrs. The run on good news will easily cover this cost,
Dec 21 is Dec monthly option expiration