Haha I should have jumped the gun right away at those prices. I ended up paying an extra 0.14 (0.68 instead of 0.54) for the 36 puts. There is no way this stays above 35 for the rest of this quarter.
Ever since the dividend BMY has shot straight up, almost $3. This is obviously partially due to BMY trading at a low range before the dividend, fiscal cliff issue being resolved, and today's earnings report.
I'm wondering if this week would be a good week to look at the February puts, and when the best time might be to initiate a position. BMY has consistently sold off into its range prior to the dividend run, and BMY is approaching its 52 week high.
Currently the $35 puts are going for 0.15 which could be a solid risk vs reward. Thoughts?
Now that the capital gains tax scare is over for APPL, is today a good day to enter? I know it's up 3.5% already today, but it doesn't seem unlikely for APPL to see 600 again next month. I decided to be conservative though, and grabbed the 530/560 March calls today.
Okay now why did the market just rally 0.6% on news that the debate would reconvene in 3 days? How is this good news??
I really hope that the 9% unemployment projections don't come true. I'm graduating college in 4 months, and I don't want to be like those unfortunate 2009 graduates.
Hey guys! I just bought my first smartphone (IPhone 5) yesterday, and for those of you that have smartphones, what apps do you recommend I get? I already got the bloomberg app, and some random app so that I could look up tickers, but what else is recommended?
That data came out at 10 AM sharp. The sell off happened 15 minutes after this. Something had to have happened 15 minutes later to trigger this.
I am also planning to initiate my first position once we hit the 28s again. (leaving for seattle in 2 days though, so hopefully I'm not on the plane when this happens!) Doc are you just planning to go short puts (my plan) or are you going to possibly long the 30s as well which will probably go for around 0.90 at high 28s (I'm looking at March). This March should be a great time for short puts with an EX on the 15th. Shouldn't be nearly the nail biter it was this December.