bf--also a good strategy. Not everyone has the $$$ to do it, but for those that already own the stock, no margin needed to sell the calls. But its a very good play for those thinking about trying to make some $$$ here.
Hopefully the movie succeeds, but if it does it is because they paid some attention to character development. I still haven't gotten over Ender's Game, a film that had incredible potential, but one where they spent about five minutes on developing Ender's character. I am not a sci fi reader, but read that book many years ago and couldn't put it down, mainly because they developed the characters so well. Hopefully LGF will pay attention to this important issue in future films. I'm long and plan to see Mockingjay over the weekend.
Use it like a well paying dividend stock. Sell the Nov. $45 calls expiring in 8 days for $1.10 or so. If called away, you get $46.10 less commissions for your $43.80 buy. If not called away, do it again in December.
Thanks for chippin' in with that nice piece. I think there is also a good chance management has finally learned how to play the guidance game by being conservative. If we see a significant beat next quarter we will have many buyers who have been waiting in the wings, combined with shorts running for a cover. For now it is only a nice fantasy, but definitely could happen and I'll be staying long for the possibility.
So have you been watching and learning? I have to think the post earnings swoon in stock price was manufactured. Nothing has really changed and suddenly analysts are changing their tunes. Very difficult for anyone to trade, as a sell here after a big bounce post earnings could be way too early. Congratulations to those who bought stock or options on the dip! I had to laugh at one article that said the stock was massively propped up with all the hacking that has been taking place. Sadly, hacking is about as likely to go away as terrorism or drug abuse. Just part of the world we live in, so why not be invested in some stocks in that sector? Over the years they can potentially bring a very good return.
Most people in animal related professions are warm, caring people--not negative shorts who resort to calling people names. It is easy to say one is in an industry to borrow some fake credibility, but I sincerely doubt his story.
Be sure to tell us when you short and at what price. Even if it goes to $32, you still lose on your short, but BAC has a $44 target. You are out of step with your target and late to the party.
Hint for the future: Best way to look like an idiot is to pontificate with certainty about a stock's future, while insulting those with opposite positions. Congrats on following the formula perfectly. It happens over and over on these boards. No one really knows what the long term future holds, but for now longs are making money.
Yes. I thought about buying puts before earnings, but then thought, "No, surely not". Wrong.
Stock down $5-$6 already.
Sold my BABA for a nice gain before earnings (mistake) and now for some reason am holding this unpredictable stock through earnings. I just can't imagine any big disappointment given the increasing security breeches on a frequent basis, and expect good guidance given this climate. Good luck all.
You were right to be cautious. Why I sold yesterday. I have seen too many stocks with great earnings get hammered immediately after earnings release. I doubt this pullback is more than a couple bucks or so, and think the case for long term ownership looks very good. The one concern is the overall market. If it has a significant pullback, few stocks will be immune. If we see mid $90's, I'm buying back in.
Earnings were not really good enough to explain IMO, unless buyers think we have finally turned a corner.
Uncle Billy may or may not be right. But I do think if there is a big jump immediately after earnings, it is probably a good time to sell. I made a quick 12% and decided to take profits. Given the lofty market cap, it is hard to see huge upside short term, but I hope I'm wrong. Best of luck to longs who are riding through earnings.
They think earnings will disappoint. Given the past cautious guidance and accelerating need for internet security since our last earnings call, I doubt we will disappoint. But I don't like the new headline about calls stacking up like kindling. Usually the big players are sellers of calls, and I am sure we have all seen stocks be manipulated to render calls worthless. I think those who bought calls further out probably made a wise decision. Of course, kindling can burn up very quickly OR it can be used to start a fire. I'm hoping for the latter.
Go back to school for a math refresher. Look at the price for MBLY and what you are claiming. No one ever takes any action based on these recs, so save yourself some time and effort.