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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
lil smoke said:
Not at the moment. I purchased September calls on June 24th @ $2.05. I sold them yesterday at $2.50 for a net return of 17.37% over the two days. Right now they're trading at $2.25 and will probably buy them back around the $2-$2.15 area (if they get there).
I believe NTDOY will go there again, at least I'm holding off until then. It has done so quite a few times, before tickling back at 70. We haven't seen NTDOY go very far past that 70 threshold though, which makes me wonder about it's near-future potential. However, we haven't seen it dip below 60 for awhile as far as I can remember.gkrykewy said:
RumblingRosco
Member
-
speculawyer
Member
Oh my!
Definitely an "Oh my!" day.
Deficits, quagmires, stagflation, and out of control energy prices.
Well . . . at least my pet interest of electric cars may benefit.
People are gonna freak when they see their heating bills this winter.
Definitely an "Oh my!" day.
Deficits, quagmires, stagflation, and out of control energy prices.
Well . . . at least my pet interest of electric cars may benefit.
People are gonna freak when they see their heating bills this winter.
I bought KFT when it was 32.13, right now it's 28.47. 
I bought CROX when it was the shit at 58.63, had my profit, but decide to hold on. HAHA me. 8.66. Yep, I still own it. There's a friday laugh for ya.
Anyone else notice when the US market tanks, NTDOY usually stays put, or goes up.
I bought CROX when it was the shit at 58.63, had my profit, but decide to hold on. HAHA me. 8.66. Yep, I still own it. There's a friday laugh for ya.
Anyone else notice when the US market tanks, NTDOY usually stays put, or goes up.
NTDOY is dropping today. The whole Nikkei took a dump. I use this page to track the ADR value -
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=NTDOY#getQuote
Open in a new tab because however they do it causes the page to act like it's reloading every second or so, so it fucks up your history.
Oh I just noticed today that Yahoo finance now sports real-time quotes for free. Pretty spiffy although I think the Google interface is still several times better.
I bought some MON calls yesterday when I felt it had bottomed out. I'm still learning options as I go. I knew that an options contract represents 100 shares, but I didn't realize that meant you had to pay the options price x100. That was a rude awakening when I tried to order approximately $110,000 worth of MON calls yesterday by accident :lol
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=NTDOY#getQuote
Open in a new tab because however they do it causes the page to act like it's reloading every second or so, so it fucks up your history.
Oh I just noticed today that Yahoo finance now sports real-time quotes for free. Pretty spiffy although I think the Google interface is still several times better.
I bought some MON calls yesterday when I felt it had bottomed out. I'm still learning options as I go. I knew that an options contract represents 100 shares, but I didn't realize that meant you had to pay the options price x100. That was a rude awakening when I tried to order approximately $110,000 worth of MON calls yesterday by accident :lol
kathode said:
Hi,
I do not use straddles, collars, delta neutral or any of that stuff. I'm simply a day trader. I trade options because they're much more volatile than stocks and offer much, much greater upside (and of course huge downside) in short periods of time. For example, KFT (a pretty stodgy, blue chip stock) may trade up or down 1-2% during a given day but KFT calls/puts can swing between 10-20%. So, if you get your timing right, the payoff is huge.
I love T. I own a lot of the calls. I currently own August calls with a 32.50 strike. The symbol is THZ. My average cost is $1.88. It closed at $2.05 today. I sold my entire portfolio last Wed and bought everything back Thursday and Friday. I was a bit early on some of my names but overall I think I'm in a good position. I mainly trade the S&P 100 because other options just aren't liquid enough (as it is I'm usually making the market and am a significant percentage of options volume daily on my trades). I think GE, T, KFT, UNH and maybe BA (don't own currently) could be in for a nice 5% bounce (the stocks) at minimum (and the options maybe up 20-50%).
As for timing I like to buy pretty near term expiries (risky). So, I'd be buying August/September right now. These are going to give you teh biggest bang for your buck BUT the problem is THETA DECAY. Theta decay = time decay. This increases exponentially within 30 days to expiry. So you gotta be right or you're going to see the time value erode.
Here's my trading history for May & June.
Code:
TRADING LOG
DATE TICKER ACTION P/C D PRICE STRIKE NET GAIN/LOSS
02/05/2008 AAPL BUY P MAY 3.00 175.00
02/05/2008 GOOG BUY P MAY 3.30 550.00
02/05/2008 GOOG SELL P MAY 4.10 550.00 17.04%
02/05/2008 AAPL SELL P MAY 3.50 175.00 9.04%
02/05/2008 MCD BUY P MAY 0.45 60.00
05/05/2008 MCD SELL P MAY 0.55 60.00 10.88%
05/05/2008 AAPL BUY P MAY 2.36 175.00
05/05/2008 AAPL BUY P MAY 2.06 175.00
05/05/2008 AAPL BUY P MAY 1.90 175.00
06/05/2008 BUD BUY P MAY 0.35 50.00
06/05/2008 BUD BUY P MAY 0.40 50.00
06/05/2008 AAPL BUY P MAY 1.45 175.00
07/05/2008 AAPL BUY P MAY 1.00 175.00
07/05/2008 BUD SELL P MAY 0.50 50.00 12.98%
07/05/2008 AAPL SELL P MAY 1.80 175.00 11.12%
08/05/2008 AAPL BUY P MAY 1.37 175.00
08/05/2008 AAPL SELL P MAY 1.55 175.00 6.63%
08/05/2008 AAPL BUY P MAY 1.23 175.00
08/05/2008 AAPL BUY P MAY 1.04 175.00
08/05/2008 KO BUY C MAY 1.60 55.00
09/05/2008 AAPL BUY P MAY 1.00 175.00
09/05/2008 AAPL SELL P MAY 1.20 175.00 4.04%
09/05/2008 KO BUY C MAY 1.30 55.00
12/05/2008 EP BUY P JUN 0.65 19.00
12/05/2008 EP BUY P JUN 0.55 19.00
12/05/2008 KO SELL P MAY 1.55 55.00 3.42%
13/05/2008 AA BUY P JUN 1.84 40.00
14/05/2008 AA BUY P JUN 1.56 40.00
14/05/2008 DIS BUY P JUN 0.25 32.50
14/05/2008 AA BUY P JUN 1.43 40.00
15/05/2008 EP BUY P JUN 0.30 19.00
21/05/2008 AA BUY P JUN 0.98 40.00
21/05/2008 DIS SELL P JUN 0.35 32.50 22.26%
22/05/2008 EP BUY P JUN 0.30 19.00
22/05/2008 AA SELL P JUN 1.70 40.00 19.16%
28/05/2008 EP SELL P JUN 0.50 19.00 13.69%
28/05/2008 GE BUY C JUL 1.90 29.00
29/05/2008 GE SELL C JUL 2.3 29.00 14.31%
30/05/2008 BNI BUY P JUN 2.20 110.00
30/05/2008 BNI BUY P JUN 2.00 110.00
02/06/2008 BNI SELL P JUN 2.35 110.00 7.19%
03/06/2008 DELL BUY P JUL 1.29 24.00
03/06/2008 DELL BUY P JUL 1.25 24.00
04/06/2008 DELL BUY P JUL 1.04 24.00
05/06/2008 DELL BUY P JUL 1.01 24.00
05/06/2008 DELL BUY P JUL 0.95 24.00
05/06/2008 DELL BUY P JUL 0.95 24.00
09/06/2008 DELL SELL P JUL 1.20 24.00 7.05%
09/06/2008 MER BUY C JUL 5.60 35.00
09/06/2008 MER BUY C JUL 5.05 35.00
09/06/2008 PFE BUY C JUL 3.15 15.00
10/06/2008 PFE BUY C JUL 3.00 15.00
10/06/2008 MER BUY C JUL 5.00 35.00
11/06/2008 MER BUY C JUL 4.45 35.00
13/06/2008 GE BUY C SEP 2.34 27.50
16/06/2008 MER SELL C JUL 5.50 35.00 9.41%
16/06/2008 PFE BUY C JUL 2.82 15.00
16/06/2008 RTN BUY C AUG 3.80 55.00
17/06/2008 RTN SELL C AUG 4.60 55.00 17.63%
17/06/2008 RF BUY C JUL 1.30 12.50
18/06/2008 GE BUY C SEP 2.07 27.50
18/06/2008 RF BUY C JUL 0.75 12.50
18/06/2008 GE BUY C SEP 1.93 27.50
19/06/2008 RF BUY C JUL 0.75 12.50
19/06/2008 RF BUY C JUL 0.60 12.50
20/06/2008 GE BUY C SEP 1.59 27.50
20/06/2008 RF SELL C JUL 1.00 12.50 20.34%
20/06/2008 PFE BUY C JUL 2.50 15.00
20/06/2008 UNH BUY C JUL 2.75 15.00
20/06/2008 GE BUY C SEP 1.60 27.50
23/06/2008 UNH BUY C JUL 2.30 15.00
23/06/2008 PFE BUY C JUL 2.39 15.00
24/06/2008 KFT BUY C SEP 2.05 27.50
25/06/2008 KFT SELL C SEP 2.50 27.50 17.37%
25/06/2008 PFE SELL C JUL 3.00 15.00 9.22%
25/06/2008 GE SELL C SEP 2.20 27.50 15.90%
26/06/2008 GE BUY C SEP 1.49 27.50
26/06/2008 THZ BUY C AUG 2.32 32.50
26/06/2008 THZ BUY C AUG 2.04 32.50
23/06/2008 UNH BUY C JUL 2.05 15.00
26/06/2008 GE BUY C SEP 1.40 27.50
27/06/2008 THZ BUY C AUG 1.74 32.50
27/06/2008 KFT BUY C SEP 1.95 27.50
27/06/2008 THZ BUY C AUG 1.64 32.50
30/06/2007 UNH BUY C JUL 1.40 15.00
30/06/2007 GE BUY C SEP 1.08 27.50kame-sennin
Member
lil smoke said:
gkrykewy said:
So, you guys think that even if Nintendo beat PS2 numbers, the stock wouldn't go up much further?
Ether_Snake
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I'm back!
What did I miss?!
J/K. Terrible times. I was ready to sell everything a few weeks ago when I was up around 15%, after reports like the ones we've been hearing more recently about a likely upcoming crisis.
Should have sold.
Oh well, I'm stick throught it, but this won't be pretty. War with Iran is almost a given IMO, and it won't do for the stock markets what the war with Iraq did. The US is playing its cards, spending as much money as it can in this game because they think that they won't have to pay anyone back when the game ends. People like Cheney probably wouldn't mind playing everything for everything, and if the US doesn't win then they would say it would have lost otherwise. The big gamble, the end game they've been preparing for by spending without counting. It's all about positioning yourself.
"We want our money now."
"Pfft. BANG!"
EDIT: COOL jumped almost 20% so far. The stock is very volatile, but it's the first time I see a 20% movement. I think this stock acts in a strange way. Stock manipulation maybe? I understand how the smaller caps are more volatile, but they always stood out as extremely volatile, going up and down drastically for no apparent reasons.
EDIT2: CELG has been doing pretty good recently.
What did I miss?!
J/K. Terrible times. I was ready to sell everything a few weeks ago when I was up around 15%, after reports like the ones we've been hearing more recently about a likely upcoming crisis.
Should have sold.
Oh well, I'm stick throught it, but this won't be pretty. War with Iran is almost a given IMO, and it won't do for the stock markets what the war with Iraq did. The US is playing its cards, spending as much money as it can in this game because they think that they won't have to pay anyone back when the game ends. People like Cheney probably wouldn't mind playing everything for everything, and if the US doesn't win then they would say it would have lost otherwise. The big gamble, the end game they've been preparing for by spending without counting. It's all about positioning yourself.
"We want our money now."
"Pfft. BANG!"
EDIT: COOL jumped almost 20% so far. The stock is very volatile, but it's the first time I see a 20% movement. I think this stock acts in a strange way. Stock manipulation maybe? I understand how the smaller caps are more volatile, but they always stood out as extremely volatile, going up and down drastically for no apparent reasons.
EDIT2: CELG has been doing pretty good recently.
NFLX and AAPL were winners for me today, both up about 4%. I'd like NFLX to get back up to about $32 and I'll sell off a stake. Most of my newly purchased calls lost value today - MON, UNH, and IR.
I was looking at OMTR yesterday, a Motley Fool recommendation, thinking it might be time to get in. Up 7+% today, doh! (Of course, down over 5% after hours).
I was looking at OMTR yesterday, a Motley Fool recommendation, thinking it might be time to get in. Up 7+% today, doh! (Of course, down over 5% after hours).
kathode said:
When's the expiry on your UNH? I bought some more, in and around the day lows. It really got smoked around 1:00-2:00, but ended up down only 2.5% or so.
Today was a key day, rallying off the bottom to finish higher. Hopefully tomorrow will be positive.
kathode said:
Yup, appears so (actually closer to 7% now). Your options are about to make you a small fortune. Me too
Stock has come off a lot. Even if they make $3.00 for 2008 (as opposed to $3.60 previous guidance) the stock trades dirt cheap. A lot of bad news was baked into the stock. Now it's not as bad as people thought it would be.
RSTEIN, allow me to ask a dumb and ignorant question, but when you say options... what are you doing different than just purchasing stocks? Are you basically betting that a stock will go "this much" up or down, and profiting/losing based on that prediction, rather than just buying low and selling high?RSTEIN said:
lil smoke said:
Hey... you know what they say, no dumb questions.
Buying a call option gives you the right but not obligation to buy a stock at a predermined price until a predermined date.
Buying a put opion gives you the right but not obligation to sell a stock at a predermined price until a predermined date.
There is no "this much" involved (although they are coming out with new options that are basically binary bets, also called prop bets in Europe). It's just like owning a stock or shorting a stock. When the stock goes up, your option goes up (if you own calls). Options are just tradable contracts. So if you own an option on XYZ at a $25 strick price, and XYZ goes up to $27, well that contract must increase (how much it increases is called delta, and how fast it increases is called gamma). The changes in options are often 10x more than the daily change in the stock price. For example, UNH is up 7% this morning but my UNH call is up 100%. Conversly, if UNH was down 7%, my call would be down big time.
lil smoke said:
Well, yes and no. I'm a trader, so this is my living so yes I'm on top of it everyday. But you can day trade stocks, currency, anything. Or, you can invest for longer periods so you're not really on top if it everyday. Same with options. If you think something is particularly oversold, and you think over the next several months, it's going to recover, you can buy a call and really not worry about it everyday.
Fuck, I just realized that because I forgot to set a limit on that options sale, I actually lost a (very small) amount of money. DOH!
I need some more ideas to generate some cash, but I'm thinking of holding off or maybe buying puts today. Tomorrow there are two employment reports coming out and I can't imagine them being positive.
I need some more ideas to generate some cash, but I'm thinking of holding off or maybe buying puts today. Tomorrow there are two employment reports coming out and I can't imagine them being positive.
kathode said:
D'oh!
I would caution against the puts. You may be very right. Let's say the employment numbers are horrible... but then you have the second part to worry about: the market's reaction. We are in oversold territory right here. The market may be looking for ANY news to send it higher. If employment is bad, but not as bad as expected, the market could rally. Look at UNH today. Lowered guidance but the stock still popped. The market already priced in way worse stuff. On the other hand, the market is fragile, lots of people off on vacation, and the market could be devistated by the news. My point is that it's basically a WASG - wild ass sophisticated guess.
My instinct tells me the money is to be made with calls. I'm buying GE, KFT, T, MMM, NYX.
Ether_Snake
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ATVI down 7% today. Market of shit!!!
I'm going to hibernate.
I'm going to hibernate.
Nvidia Plunges After Cutting Forecast on Growing Competition
Wow.. tough times for NVidia.. Never thought I'd see the day.
Wow.. tough times for NVidia.. Never thought I'd see the day.
Interesting comments from Jeffrey Saut. I've had the pleasure to have several meetings with Mr. Saut. Apart from being highly entertaining, he's not afraid to stick his neck out:
http://www.raymondjames.com/inv_strat.htm
http://www.raymondjames.com/inv_strat.htm
Ether_Snake
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Ah man. I own NVDA.
I hate this game. My portfolio was up 15% a month ago or so, I told myself I'd sell everything I have because I didn't like where things were going with oil and food prices. I held.
Thought times
I hate this game. My portfolio was up 15% a month ago or so, I told myself I'd sell everything I have because I didn't like where things were going with oil and food prices. I held.
Thought times
Ether_Snake
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ERTS is so tempting at 43. But I can't afford to invest in anything anymore, even if in the end I could cover some losses doing so. It's just too risky.
And oil prices keep on breaking records. I don't see how things could get better soon. Even a deal with Iran would never cause the US to outright stop talking about war with them, so it would never be enough to ease the pressure a bit.
And oil prices keep on breaking records. I don't see how things could get better soon. Even a deal with Iran would never cause the US to outright stop talking about war with them, so it would never be enough to ease the pressure a bit.
Yeah the positives didn't last very long. A lot of my calls are getting trashed. Luckily they're August calls so there's still time left, but I am hurting. At least GE and IR are doing ok today. My MON calls are worth less than half what I paid for them though
Edit: And now we're back up again. Crazy pre-holiday days.
Edit: And now we're back up again. Crazy pre-holiday days.
Ether_Snake
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I think EA will acquire TTWO soon. It doesn't look like there's much in the near future for TTWO to go above the 25$ range.