A few option picks...

[pietistic]

MSFT .MSQXY @ .30
GNSS .QFELX @ .50
RSH .RSHLX @ 1.35

Extremely mad money, do your own due dilegence. Set 30% max loss on all options.

[jacobnbr1]

you still holding muse pie? i am still holding it, think it still goes down a little more. what ya think?

[pietistic]

Yes, I still hold MUSE. However I hold a LOT of .MSQXY. If MSFT corrects to as low as $27, I'm going to make enough for all my Christmas gifts. ;)

[jacobnbr1]

thanks for da heads up on mr softy... i will eliminate a couple of bad positions and make that bet also. :D

[pietistic]

You can jump out of GNSS right now and make 13%. I'm continueing to hold. MSFT is slipping nicely despite a few intraday rallies to around 28.05. RSH slipped today and you could have gotten the option cheaper than 1.35. Oh well, you can't always pay the best price. I still feel positive on all 3 option trades.

[pietistic]

Out GNSS .QFELX @ .75 (44%)

[pietistic]

GNSS was a beautiful example of how I wish every day went. ;)

I'm still bearish on MSFT. I like the stock to pull back to around $27.15. At that price, the option you paid $.30 for will be worth $.60. How's that for some Christmas cash?

RSH ended on an ugly candlestick, but it clearly should start trending up. Let's just hope our stop/loss doesn't get hit.

[jacobnbr1]

its funny :? i was going through some short filters and found one that produced ge as a short 8O 8O i am long ge.... it just broke out from 34.50, i was just thinking it had a good turn and i turned the calls from .35 to 1.25 and was wanting it to go more. i wonder if this is one of those "hoggs get sliced" oppinions?? the calls are good til jan. you got any input there pie? thanks

[pietistic]

That's very much a 'pig's get slaughtered' play. What price are your calls?

[jacobnbr1]

they are 1.35 ax and 1.25 bid. i am in at .35...

[pietistic]

What's the strike on them?

[jacobnbr1]

dec 35. calls

[pietistic]

jacob, I'd be taking my profit ASAP.

[jacobnbr1]

i put the order in and awaiting the sale...

[jacobnbr1]

ok i am out.... mr softy still looking ripe? i see it is back to original price qote. :D

[pietistic]

You could always only sell enough to lock in a profit and see what happens with the rest...

[jacobnbr1]

that alright, december is too close and i dont need any more loss's. booyahoo had gotten me in this damn appl short and i am down alot. i need to stop listening to off the wall stuff and just play da market for what it gives me. anywho, is mr softy still in a good spot to add at .30 puts?

[pietistic]

I'd say, judge for yourself. Everyone seems to think it'll go up forever but I'm not buying it. I'm staying firm on my 27.5 PUTS.

[jacobnbr1]

after looking at da chawt it looks to be showing a pull back has begun. i secured a few contracts in the event the pull back starts :D thanks pie...
i think we need to be thinking of axing muse, it has been sideways for a few days and i am worried that the uptrend may resume soon. what ya think? ---there is still the insider trading problem that could spawn bad news but when

[pietistic]

I'm thinking the same thing... watching it closely. Might place a sell order for .40 and see if it gets filled.

[jacobnbr1]

i have had that order in for two days and notta. i dont think anybody buying puts....

[jacobnbr1]

well lets see what shakes down today. i had some mrk option calls in da bag, these might be a double of da money today :D i am selling them for sure on a quick pop.

[jacobnbr1]

hey pie: you got any pick ideas??? was looking at alot of overbought stuff and was worried that this will only be a slight pullback.

[pietistic]

I just purchased some AT PUTS. I'm a little skeptical about what this market is going to do so I'm taking it easy...

[jacobnbr1]

thats what i am afraid of..

[pietistic]

jacob, tell me you didn't take a loss of MUSE. She's finally dying.

[jacobnbr1]

nope.... i am a steady john when it comes to holding. i expected a pull back or wave down in da markets and figured this dawg would follow. i also figured gps would also :? :? .. appl still not dying, i cant beleive it. i was out shopping with the wife over da weekend and was looking for ipods and no one has got any. apple is liable to go to 100 for all that. i hope msft will not be da same way over da xbox. just wondering if today is a one day down or the spawn of the overextended pull back..

[pietistic]

There's obviously some games being played with MSFT. They stock keeps dying then tons of buyers step up to the plate. Every day it's a constant fight between the bulls and the bears but everyday it closes down a few more cents. My guess is that the smart money is exiting and the 'public' is holding it up. I don't think it can keep that up much longer. It's bound to breakout one way or the other.

[jacobnbr1]

trickle plays dont increase options price out of da money. i did the same with mrk calls and didnt hardly make anything.

[pietistic]

You're right they don't. But the MSFT PUTS should be in the money by Friday.

[jacobnbr1]

ahh i see yes by friday maybe more if the selll continues. is the filter you use on sf?

[MrWilson]

pie - do you see a put on MSFT with strike of 25.00 to risky? I was tempted but held off for tomorrow and was going between strike of 27.00 to 25.00

TIA

[jacobnbr1]

i see it waaaay to risky. i am holding the 27.50s and that is all the risk i am taking. i dont think she drops too far.

[pietistic]

25's are way too risky, you want the 30's or 27.5's. Check out this on MSFT:

http://www.form4oracle.com/company?cik=0000789019&ticker=MSFT

I've never seen so much insider selling 'at the top'.

[jacobnbr1]

not trading today... at the hospitol with the wife. its a boy 7.3 lbs,oz 19 inches long :D cigars on me guys.....

[Kevin Cornett]

CONGRATS!

[englishman26]

Duuude!! Congrats man!!