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Message
re: Visa getting roughed up today?
Posted on 8/1/13 at 2:21 pm to ThaBigFella
Posted on 8/1/13 at 2:21 pm to ThaBigFella
quote:
nice recovery on the day
just coming to post this....I'm still under a little bit since buying at $180.5 but it's better than it was earlier
0
Posted on 8/1/13 at 3:35 pm to Lsut81
quote:
God, I feel like a scrub only picking up 10...
its all relative. i am not a big player by any means.
i just sold off all my TSRX holdings and decided to put that money long. get it out of my hands so i won't play so much specs.
good finish for it today!
This post was edited on 8/1/13 at 3:36 pm
Posted on 8/2/13 at 8:51 am to donRANDOMnumbers
Now were moving, touched 182.80 so far today...
Posted on 8/2/13 at 8:53 am to Lsut81
Yeah. With 9 @ 191 and 12 @ 175, I'm back at even already. 
Posted on 8/2/13 at 8:53 am to Lsut81
I'm still a little upset at where I bought it since I changed the limit from $177.5 to $180.5.... 
Posted on 8/2/13 at 9:14 am to Lsut81
quote:
Now were moving, touched 182.80 so far today...
Posted on 8/2/13 at 9:38 am to Lsut81
quote:
Now were moving, touched 182.80 so far today...
I put a very optimistic buy limit at 176 this morning. I think it will go unfilled today.
Posted on 8/2/13 at 9:39 am to Ace Midnight
I think this runs up to 190 easy again. Bulls will get over the card swipe crap. V will sort if out with the banks if necessary.
I'm long regardless. Thinking of adding if it holds this area.
I'm long regardless. Thinking of adding if it holds this area.
Posted on 8/2/13 at 9:41 am to donRANDOMnumbers
quote:
I think this runs up to 190 easy again.
There seems a lot of emotion associated with this stock. It was below 176, interday, each of the last 2 days. It is worth a shot, but, I'd actually be happy under 180 now.
Posted on 8/2/13 at 9:47 am to Ace Midnight
I don't know how many shares you guys trade, but I had read alot and finally dove in and I've been selling puts for the last maybe 2 months and the money is eye popping, the downside is its 100 shares per contract BUT I just sold the visa $185 put for next friday at $185 and got $6.05/share for it. At that point there are 2 options
1.come next friday either I buy visa for $185(which i dont mind) and keep $6.05 in premium effectively making my buy price $178.95
2.visa is over $185.01 next friday's close and I keep my $605/contract and move on to the next. $605/week on an $18,500 investment is pretty damn good in my book, that's over 3% in a week!
3.The option increases in value as time decays and i close it early for a profit.
I can't believe i only got into using these recently but wow the ROI is fantastic and you either buy shares at a price you want or profit the premium. Once you establish a trading range for a stock, I think puts can be lethal for making consistent weekly income, but 100 shares at a time probably throws off a few people.
1.come next friday either I buy visa for $185(which i dont mind) and keep $6.05 in premium effectively making my buy price $178.95
2.visa is over $185.01 next friday's close and I keep my $605/contract and move on to the next. $605/week on an $18,500 investment is pretty damn good in my book, that's over 3% in a week!
3.The option increases in value as time decays and i close it early for a profit.
I can't believe i only got into using these recently but wow the ROI is fantastic and you either buy shares at a price you want or profit the premium. Once you establish a trading range for a stock, I think puts can be lethal for making consistent weekly income, but 100 shares at a time probably throws off a few people.
This post was edited on 8/2/13 at 9:48 am
Posted on 8/2/13 at 9:51 am to ThaBigFella
quote:
100 shares per contract
For me, 100 shares of V would be my whole stash.
Posted on 8/2/13 at 9:51 am to ThaBigFella
That stuffs over my head. Want to learn more though. Recommend a good read?
This isn't my day job by any measure though, However I have crushed it this year (for me at least)
Want to learn more though. Recommend a good read? This isn't my day job by any measure though, However I have crushed it this year (for me at least)
This post was edited on 8/2/13 at 9:52 am
Posted on 8/2/13 at 9:54 am to donRANDOMnumbers
quote:
For me, 100 shares of V would be my whole stash
Ace man, anything though, forget V
coca cola got hammered today! It's trading range has it over $40 forever now, next friday's $40.50 put is .56 so $56/contract that's like 1.2% weekly return and 1 contract would be $4,050. So say 3 contracts you return close to $180 if it expires, if not you own coca cola at $40.50 - .56 so $39.94 which is cheaper than it is to buy the shares at this moment!
Posted on 8/2/13 at 9:54 am to ThaBigFella
I think some people don't understand that the fact that you don't ever actually have to have the capital to purchase the 100 shares. You can just leverage way more for your money without have to plunk down 19000ish dollars on physically buying 100 shares. If you know what you are doing with options, there is plenty of money to be made without being greedy. Even the best only hit about 1 in 3 options in the money, but that 1 is way more than enough to cover what you paid on the other two.
Posted on 8/2/13 at 9:57 am to STB
This is true, the visa $175 option for next friday is $.93 cents, no way it hits $175 next friday, the flash crash is over. I just learned this all in the past 90 days or so, but since then i've amplified my returns significantly, can't believe I never dug into selling puts before.
It's literally buying shares at a discount to today's price or profiting the premium....win/win either way if you were gonna buy the shares at today's price anyway.
It's literally buying shares at a discount to today's price or profiting the premium....win/win either way if you were gonna buy the shares at today's price anyway.
This post was edited on 8/2/13 at 9:59 am
Posted on 8/2/13 at 10:02 am to STB
quote:
I think some people don't understand that the fact that you don't ever actually have to have the capital to purchase the 100 shares. You can just leverage way more for your money without have to plunk down 19000ish dollars on physically buying 100 shares. If you know what you are doing with options, there is plenty of money to be made without being greedy. Even the best only hit about 1 in 3 options in the money, but that 1 is way more than enough to cover what you paid on the other two.
I am currently in Kindergarten for Options. However, I did, adroitly, select Optionsxpress as my brokerage. Hopefully, I'll be an Options middleschooler by early next year. I just want to make sure I understand the risks before I just dive in.
I can do basic technical analysis. I understand dividends, from a very elementary level. Options seem like all the fun of gambling, with "options" :rimshot: to minimize the risks. The goal is to increase the performance of the stock. I just want to fully understand the risk/reward balance, first.
This post was edited on 8/2/13 at 10:02 am
Posted on 8/2/13 at 10:02 am to ThaBigFella
Whoosh.
This thread just went way over my head.
Ace, I need a good book for this too.
This thread just went way over my head.
Ace, I need a good book for this too.
Posted on 8/2/13 at 10:03 am to ell_13
quote:
Ace, I need a good book for this too.
I've started "The Intelligent Investor" to fill in some of my gaps. I don't know a good book for options right now, but I'm looking.
Posted on 8/2/13 at 10:05 am to ell_13
quote:
This thread just went way over my head.
I can feel my brain oozing out of my head the more I read in this thread.
Posted on 8/2/13 at 10:06 am to ThaBigFella
quote:
next friday's $40.50 put is .56 so $56/contract that's like 1.2% weekly return and 1 contract would be $4,050. So say 3 contracts you return close to $180 if it expires, if not you own coca cola at $40.50 - .56 so $39.94 which is cheaper than it is to buy the shares at this moment!
Do you chain options at all, straddles and whatnot, or are you just writing puts for stocks you're willing to buy at the strike price, regardless?
ETA: We may need to start an Options basics thread so we don't scare the civilians.
This post was edited on 8/2/13 at 10:07 am
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