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OWENS CORNING SERIES B EXPIRIN Message Board

xquestor 70 posts  |  Last Activity: 23 hours ago Member since: Feb 19, 2008
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  • Reply to

    America

    by xquestor Oct 22, 2014 3:47 PM
    xquestor xquestor 23 hours ago Flag

    Let the stock price bottom out first. Start looking at the 2016 puts at the $ 8 or $ 10 area.

    XQ

  • Reply to

    America

    by xquestor Oct 22, 2014 3:47 PM
    xquestor xquestor Oct 23, 2014 10:17 PM Flag

    Unless the planes had an Air Marshall on board with the proper arms.

    XQ

    Sentiment: Strong Buy

  • Reply to

    America

    by xquestor Oct 22, 2014 3:47 PM
    xquestor xquestor Oct 23, 2014 10:10 PM Flag

    Yes I was. I have a set of self devised guidelines that I follow.

    I start by following a list of stocks that have hit 52 week lows.
    I also look at stocks that have made very sharp pull backs.
    I then look at this list of stocks and the reason that they are at a low.
    I gravitate to stocks that pay dividends or that are widely traded, like MU.
    I then look at the future Option Pain prices and look at the charts for areas of support for multiple years.
    I then start looking at option prices as far out that I can go, for the best returns.
    I am also looking at strike prices to sell that are well below the stocks current price.

    To give you an example. I just sold the other day the Jan 2017 $18 put options for about $250 per contract. The bid / ask is $151 / $198 today 10/23/14. I am already in the money. I also did NVDA Jan 2016 $15 put options @ $150 per contract.

    XQ

    Sentiment: Strong Buy

  • xquestor xquestor Oct 23, 2014 9:41 PM Flag

    TRC mini tender.

    A. TRC is short and needs to cover.
    B. TRC is long and is hoping the stock price will move up big time; whereas they can then sell into strength.
    C. TRC is looking for stupid sellers at $27

    XQ

    Sentiment: Strong Buy

  • Reply to

    America

    by xquestor Oct 22, 2014 3:47 PM
    xquestor xquestor Oct 22, 2014 10:15 PM Flag

    Do the G search for max option pain. Seeking A lpha has a 2 part discussion.
    There are other interesting sites.
    I usually will look out 6 months. I sell a lot of put options and usualyl go out as far as I can. I have a system for selling them.

    XQ

    Sentiment: Strong Buy

  • Reply to

    On 10/10

    by cheetah779920 Oct 21, 2014 5:14 PM
    xquestor xquestor Oct 22, 2014 9:47 PM Flag

    Ethanol Prices Are Collapsing.
    Also; If the US lifts import quotas PEIX will drop.
    Just look at the number of ethanol companies that have gone BK.
    But; it is your choice.

    XQ

  • Reply to

    America

    by xquestor Oct 22, 2014 3:47 PM
    xquestor xquestor Oct 22, 2014 7:59 PM Flag

    MOP for this Friday is at $30. However; the MM's can profit prior to the Friday close by whipsawing the stock price so that option premiums will drop or rise according to what they need. On Friday the OP number can also change during the day and can actually end up higher or lower. I use the number in conjunction with put option selling on stocks and sometimes for taking actual positions in stocks that are priced much lower then the future OP numbers.

    DEFINITION of 'Max Pain '
    The point at which options expire worthless. The term, max pain, stems from the Maximum Pain theory, which states that most traders who buy and hold options contracts until expiration will lose money. According to the theory, this is due to the tendency for the price of a underlying stock to gravitate towards its "maximum pain strike price" - the price where the greatest number of options (in dollar value) will expire worthless.

    INVESTOPEDIA EXPLAINS 'Max Pain '
    About 60% of options are traded out, 30% of options expire worthless and 10% of options are exercised. Max pain is the point where option owners feel "maximum pain," or will stand to lose the most money. Options sellers, on the other hand, may stand to reap the most reward. The Maximum Pain theory is controversial, and there is disagreement regarding if the tendency for the underlying stock's price to gravitate to the maximum pain strike price is by chance, or by some sort of market manipulation.

    XQ

    Sentiment: Strong Buy

  • Reply to

    America

    by xquestor Oct 22, 2014 3:47 PM
    xquestor xquestor Oct 22, 2014 7:39 PM Flag

    To tell you the truth; I am not flipping out. I can come and go from the U.S. as needed. What you do not seem to understand is that the government is in disarray. No new laws have to be passed. The existing laws need to be enforced.

    Just to be clear! I made no statements about color or faith. Terrorism is a mind set that can affect anyone.

    XQ

    Sentiment: Strong Buy

  • xquestor by xquestor Oct 22, 2014 3:47 PM Flag

    Needs to do a lot of things to protect its citizens.
    1,000 terrorist killing 5 people a day in America will destroy the markets and stability we currently enjoy.
    Northern Virginia had a lone wolf killer who terrorized the public for months before he was caught.
    Do not think twice that it couldn't happen again on a larger scale.
    There are already people living in America that want Sharia Law.
    America needs leaders that recognize the threats that we will face if nothing is done.

    XQ

  • Reply to

    Oh Hello There $31

    by mcwhirt33 Oct 21, 2014 2:56 PM
    xquestor xquestor Oct 21, 2014 3:13 PM Flag

    I sold the 2017 $18 put options for a nice sum.
    I will take MU at $ 16.60 any day.

    XQ

    Sentiment: Buy

  • xquestor by xquestor Oct 9, 2014 4:10 PM Flag

    If I have figured it right MU should bottom around $29.32. That should be the final blowout leg from the high at $34.85.

    XQ

    Sentiment: Hold

  • Reply to

    Lesson Learned

    by stickboy54321 Oct 9, 2014 2:49 PM
    xquestor xquestor Oct 9, 2014 3:20 PM Flag

    You could sell the Jan 2017 $20 or $23 or $25 put options. That is if you believe that MU will soon find a
    bottom. That brings cash into you account depending on the number you sell and also defrays your cost of MU shares. I have done this on many stock and it brings my cost down for stocks that I own. It also puts a nice chunk of money in my account every year. The shares of stock that I own secure the 20% requirement of each trade. That can give me profits in excess of 50% on the assets used to secure the trade

    XQ

    Sentiment: Strong Buy

  • Reply to

    So Exactly what part of this doesn't she get ?

    by derbytilson Oct 5, 2014 9:36 AM
    xquestor xquestor Oct 5, 2014 7:33 PM Flag

    Mike;
    I agree with the first and last part of of your statement.
    With regards to the MM for MU. Most stocks have just one. If there are more then one for MU they are working together for their mutual benefit.

    Check out schaeffers research
    Micron Technology, Inc. has been barreling up the charts in 2014, with the shares more than 57% higher to trade at $34.23. The stock is extending this momentum today -- tacking on 1.2% -- following a price-target hike to $41 from $38 and an "outperform" rating at RBC. In the equity's options pits, one speculator is betting MU will make another notable move over the next seven weeks, but isn't concerning herself with which direction it will be.

    Drilling down, a block of 5,000 November 34 calls was bought earlier for $1.89 apiece, while a symmetrical block of November 33 puts was simultaneously purchased for $1.36 each. Volume outstrips open interest at each strike, making it safe to assume a long strangle was initiated for a net debit of $3.25 per pair of contracts.

    XQ

    Sentiment: Strong Buy

  • Reply to

    So Exactly what part of this doesn't she get ?

    by derbytilson Oct 5, 2014 9:36 AM
    xquestor xquestor Oct 5, 2014 1:54 PM Flag

    Options;
    Let me try and throw some insight into this discussion.
    Almost 90% of call and put option buyers lose money.
    When only monthly options were traded on a stock, the MOP could be a fairly accurate number most of the time as it was based on the total dollar value of all outstanding put and call option contracts. The MOP number represented the price of the stock where the most amount of money would be lost. The actual put and call option contract volume numbers are not always a clear indicator of where a stock price will end at options expiration.

    With the advent of weekly option contracts; this game has changed with a new twist. Whereas; the MOP
    number only takes into account a certain group of options that expire at a particular and certain time. Most small option traders only select a certain option to buy or sell, while larger option traders and MM"s are trading options over multiple forward option expiration dates.

    What these large traders are doing now appears to be selling or buying option contracts that are 2 to 4 weeks out and then manipulating the stock in the here and now. That accounts for the price swings up and down on a weekly basis. They are making money by trading further out in the option chain in real time. They no longer need to have a stock close at a particular price when they can move the stock price in a manner that makes a profit on option contracts that are traded further out.

    MU the stock is still a buy as fundamentals for the company improve.

    XQ

    Sentiment: Strong Buy

  • xquestor xquestor Oct 4, 2014 10:15 PM Flag

    You are so right. She is like a record that has 1 track that just repeats and repeats. The record is defective as it just replecates the same old
    material over and over.

    MU is still a buy in my book!

    XQ

    Sentiment: Strong Buy

  • Reply to

    👹👹imhflying00

    by xquestor Oct 3, 2014 12:08 PM
    xquestor xquestor Oct 4, 2014 1:11 AM Flag

    👺👺 stocksgirrl;

    "You leave out the fact that you got him into the short with your TA and statements that MU would pull back. After the fact; I said that there could be that possibility of a pullback based on MOP and not before his short sale.
    He had a choice to buy back or wait. I am not responsible for your misguided TA and information. YOU ARE!"

    You know very well that I have never suggested the he short MU nor did I suggest that he short more. Once again you use deception to try and make your point. One needs to read all the post in the message board to have full understanding of all conversations.

    XQ

    Sentiment: Strong Buy

  • Reply to

    👹👹imhflying00

    by xquestor Oct 3, 2014 12:08 PM
    xquestor xquestor Oct 4, 2014 12:11 AM Flag

    👺👺 stocksgirrl;

    OK; prove it !!!!!!!!!!!!
    And while you are at it, declare your positions when you give your TA
    You also stated you were putting me on IGNORE.
    So were you lying then or are you lying now?

    P.S. I told you that you could not ignore my posts.

    XQ

    Sentiment: Strong Buy

  • Reply to

    👹👹imhflying00

    by xquestor Oct 3, 2014 12:08 PM
    xquestor xquestor Oct 4, 2014 12:02 AM Flag

    👺👺 stocksgirrl;

    You leave out the fact that you got him into the short with your TA and statements that MU would pull back. After the fact; I said that there could be that possibility of a pullback based on MOP and not before his short sale.
    He had a choice to buy back or wait. I am not responsible for your misguided TA and information. YOU ARE!

    XQ

    Sentiment: Strong Buy

  • Reply to

    👹👹imhflying00

    by xquestor Oct 3, 2014 12:08 PM
    xquestor xquestor Oct 3, 2014 1:25 PM Flag

    How little do you know!
    So your a woman.
    Another stocksgirrl alias.

    XQ

    Sentiment: Strong Buy

  • Reply to

    👹👹imhflying00

    by xquestor Oct 3, 2014 12:08 PM
    xquestor xquestor Oct 3, 2014 1:10 PM Flag

    Thankyou!
    MU will move higher in time.

    XQ

    Sentiment: Strong Buy

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