Would You Rather Give That $1,000 to Steve Jobs or to Cook at MacDonald's? I would rather see that money go to Steve Jobs and hope that he feels adequately compensated.
Also, look at people like Buffet, Gates and Zuckerberg, they donate quite a bit of their income to worthy causes. They do a better job of allocating their income than the U.S. government does.
You're hoping that your calls end up OTM (out the money). In other words you hope that BAC won't reach 15.50 by expiration. Also, you can write more calls by creating bear call spreads i.e. sell 15.50 and buy 16.
Make More Sense to Focus On Making Pie Bigger? Steve Jobs created AAPL, doesn't he and his estate deserve to be compensated properly? Then there are the risk-takers like Jeff Bezos, don't they deserve to be compensated properly. Does it make any sense to compensate a fry cook by taking half of Jeff Bezos income and adding that to the cook's income? Instead, shouldn't society encourage more people to become more innovative like Bezos?
If Congress and SEC get their act together, all they need to do is limit HFT to pre-market and after-hours, this way computers can compete with computers. And the rest of us can trade during market hours or pre-market and AH.
Hamas is asking for it...if I were Israeli...I would say I'll give you a week to stop shooting the rockets. If you continue after that date...I will get out the nuclear weapons...then I will give you another week to stop...if you continue after that date I will use the nuclear weapons. Stop fooling around...as long you don't do a massive retaliation Hamas will continue trying to push you to the edge. This is their way of assessing Israeli commitment and testing their resolve. In the interim, Hamas is probably going to other middle eastern countries and trying to rally support.
A complicated mess...they can do what we've done to settle problems. Create a stock exchange so that people can go crazy worrying about their portfolios instead.
We're Up More Than 6.5%. It's Time to Short.....eom.
Premiums drop because implied volatility drops, but at the same time gamma and price are both positive and off-set the volatility drop. By the end of the day Thursday, the profit would be 50-100%. But by selling he did lock up a sure profit so it worked out pretty good. You can always buy in again tomorrow morning if you wanted to take a gamble.
Boy...did you blow it...if you held the calls, all you would have to worry about is finding the money to pay for the taxes on the gains.
Yes...however....I would sit and wait for an opportunity tomorrow morning. Let the shorts finish covering and then short. FB made a high for the year during AH, nowhere to go but down.
I want a money-back guarantee. Of course, you will give the guarantee to me since you are sure.
Strong China growth is the big plus for AAPL, it will bounce back big tomorrow.
After earnings there is normally a drop in volatility and the value of call options will drop some. However your options are fairly deep in the money so you shouldn't lose too much premium. Also, if FB goes up after earnings the value of your calls should also go up.