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Safeguard Scientifics, Inc. Message Board

puppie96 8 posts  |  Last Activity: Dec 9, 2014 8:02 PM Member since: May 10, 2003
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  • Reply to

    Dec. 8 presentation posted on web site

    by beekay425 Dec 9, 2014 9:30 AM
    puppie96 puppie96 Dec 9, 2014 8:02 PM Flag

    I've been watching this company for a while because I'd like to find a good desal play. ERII sounds good until you look at their financials and start wondering why they've never made any money.

  • puppie96 puppie96 Nov 27, 2014 1:15 PM Flag

    I believe you missed the point. No surprise, since option positions can be so hard to communicate about. The main misunderstanding here is that I'm primarily writing calls, not buying them. If I buy calls, it's almost always as one leg of a spread position. I'd rather expire/roll calls/puts week after week and collect the paycheck from that, instead of holding high priced calls that could even expire OTM, which has happened to me enough that I'm painfully aware that $0=$0. Maybe less sexy, but more reliable. Helps that I have a fairly big Gild holding accumulated over a number of years before now. Buy and hold, again not too sexy. I like to have a way to get some cash out of it with minimal risk. Happy Thanksgiving!

  • puppie96 puppie96 Nov 27, 2014 12:06 PM Flag

    I don't agree about buying the leaps. The general rule is to buy calls closer in and sell them further out to maximize profit. You pay far too much premium buying Leaps and too much can happen over the longer term. That's gambling, not investing. When I decide to break that rule, I often pay for it. For instance, a while back Jan 2015 105's were on a fire sale and I thought I couldn't go wrong...and now I'm underwater on them.
    Important to remember that when you buy options, at the end of the day you have NOTHING if they expire OTM. You might have been able to buy less shares if you bought them outright, but at least if the price of the equity goes down you still own something. And in Gild, the overall sentiment has been so bullish that the call premiums have been insane. Weeklies are perfect for option strategies, much better than buying leaps and sitting on them.. I agree that sooner or later Gild will break out to the upside, in which case I'll be rolling out calls from week to week at the same strike or a higher one when possible to do that at a credit, which does happen. Eventually you can catch up and you don't limit your upside the way you can if you sell Leaps, another mistake I've made. (At one point or another I think I've made them all!!) Happy Thanksgiving.
    If this ends up being a double post, I'm sorry. Seems to keep disappearing and reappearing.

  • puppie96 puppie96 Nov 27, 2014 5:59 AM Flag

    OK, I've been looking at the option table since your first post and I don't see the volume that you are seeing. It sounds like you are trying to say that 1000 contracts on both sides traded today & I only see the high OI on both, only a big volume on the call side. Anyhow, I've been doing the same thing on a smaller scale for a while now, and also using the weeklies to do it with. I'm long, writing both calls & puts, deciding what to do depending on what happens. Premium is better on the put side. So I let the exercise go through on the call side if it's not too far ITM, write a put a week out at the same strike, so I might get the stock back at the same price if the put's not too far ITM, otherwise I roll them out or wait for them to expire OTM. Same thing on the call side except sometimes I also pick up long calls using a spread at same or different strikes. I love the weeklies, only problem is that you have to stay on top of it and I'm not doing this full time. Good way to wring some cash out of it when it's trading the way it's been for the last few weeks.

  • Reply to

    DNDN lawsuit and investigation

    by havenger2021 Nov 18, 2014 1:37 AM
    puppie96 puppie96 Nov 24, 2014 11:46 AM Flag

    DNDNQ has its own YMB now. Past experience has been that YMB's don't automatically disappear when a company does. I owned several companies that no longer exist due to buy out or belly up, but their boards can still be accessed and people still post occasionally. I do agree with the poster cjclink below about the settlement from the earlier class action, which was a drop in the bucket compared with the losses incurred. Moreover, the settlement did not provide any compensation for long calls, which really punished me.

  • Reply to

    Suggestions appreciated

    by puppie96 Oct 23, 2014 2:05 PM
    puppie96 puppie96 Oct 23, 2014 2:42 PM Flag

    Sorry it took you so long!

  • I won't be surprised if this post gets disappeared by the authorities. Anybody else try to use these stock boards with their phones? They made it hard to get to them from the summary page a while ago by getting rid of the links on the left side for forums, options, etc. I circumvented this by bookmarking the forums separately from the summary pages. Now they have closed that loophole and all of my forum bookmarks have morphed into the same listing, "Y.... M...... B...." Yes, I am paranoid about this being deleted. I had done likewise with the option tables and those links are gone from my bookmarks too. Besides that, as of today they have reformatted the tables from one of the more user friendly listings I've seen into something impossible. Does anybody know of a better platform for obtaining the option tables with a phone? I have hated Y for a long time but have never found a better choice. Any help would be appreciated.

    Sentiment: Strong Buy

  • Reply to

    S. E. INVESTOR QUESTION???

    by daejna Oct 17, 2014 10:46 AM
    puppie96 puppie96 Oct 17, 2014 1:48 PM Flag

    trade their options a lot, too. Your discussion is interesting. For the most part, my strategy has been very different from yours; i.e. using spreads and working the near term dates. The weeklys with the humongous premiums on Gild have proven very profitable. I sold $107 puts and rolled them out for week after week until I finally let them exercise by accident a couple of weeks ago. That's the one problem -- for somebody like me who isn't doing this full time, if you get distracted on Friday afternoon sometimes s... happens. At the time, the trade cost about .40/share I believe, so not a disaster. Meanwhile, I was rolling out short calls week after week at the same or higher strikes. When we had the recent free fall, of course it hit much lower levels, but who cares -- my intent is to hold my long position for the foreseeable future, so the near term option trades are a way to ring the cash register relatively painlessly on a regular basis. It was working like a charm until I fell asleep at the switch. When things settle down I'll start up again.

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