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View Full Version : Another perfect option op...

pietistic
12-19-2005, 12:38 PM
I already used my lock of the month, EYE (.EYEMI) which I traded for 35% in 2 days. Now I have another that I feel just as good about...

AMZN - .ZQNMJ 50 PUT JAN 2006 @ 1.70 or lower...

Good luck.
vthokienj
12-19-2005, 02:37 PM
I will issue my own lock:

NFLX - .QNQME JAN 2006 25.00 PUT @ $1.20
pietistic
12-19-2005, 02:44 PM
If you got in at $1.70 (which was high, you could have easily gotten in at $1.60), you are already up 11%, expect 30% or so. Don't be a pig.
pietistic
12-19-2005, 04:44 PM
I sold at $2.30 (bought at $1.70). 30%.
aj14
12-19-2005, 05:14 PM
What does the term "lock" mean as relates to investing? TY.
pietistic
12-19-2005, 05:25 PM
It's basically stolen from gambling. A 'lock' is a 'sure-thing' or guaranteed win.
pietistic
12-20-2005, 11:36 AM
Want to make money? SYMC .SYQAS @ 1.00
jacobnbr1
12-20-2005, 11:46 AM
Want to make money? SYMC .SYQAS @ 1.00

sure! i just took 5 :mrgreen:
pietistic
12-20-2005, 11:55 AM
Good luck... ;)
vthokienj
12-20-2005, 11:57 AM
Also bought 5 @ 1.00
pietistic
12-20-2005, 12:30 PM
I start to get a little scared when people start listening to me. Set a tight stop/loss on those contracts at .80-.85.
jacobnbr1
12-20-2005, 12:40 PM
I start to get a little scared when people start listening to me. Set a tight stop/loss on those contracts at .80-.85.

no worries mate! looks like it is due for a day to shine. :D
vthokienj
12-21-2005, 10:49 AM
To anybody that bought this Netflix option pick (probably just myself) all I can say is a sarcastic thanks to Citigroup. I still see this overpriced stock selling off big time come January.
pietistic
12-21-2005, 11:33 AM
I'm in love with GM here...

.GMAE @ .20 or higher...
pietistic
12-21-2005, 11:37 AM
I kind of liked NFLX but didn't buy any... I'm happy I didn't, but I do agree you with you that it's due for a pull back...
pietistic
12-21-2005, 06:36 PM
Ugh... GM makes me sick.
aj14
12-21-2005, 07:00 PM
Ugh... GM makes me sick.

We don't buy sick stocks, but this name looks intriuging. Do a little work, and determine the dates when Kerkorian sold his stock, then go forward thirty days and see if you can get in front of his buyback. It was, after all, a tax strategy to sell the shares, and he'll likely repurchase them as soon as the window opens up...or the market will think he will. Might be an option trade so you limit your downside if it doesn't pop. Or just buy the stock and put it away...what's the downside at this point? Probably less than ten bucks a share, given the assets...and don't forget the dividend.
jacobnbr1
12-22-2005, 01:31 PM
where you think on symc? nice little move up today, could keep going for a day or so.
pietistic
12-22-2005, 02:14 PM
You're up 20%+ now... Don't get greedy and decide where YOU want to exit. I've never been good at deciding when to exit a stock.
TripleBuy
12-22-2005, 02:15 PM
RE: GM...

Why would anyone want to jump on this hand grenade? Anyone watching the news from NYC has a front-row seat of what's coming down the pipe for GM. Either they'll have to cut their benefits (Hello Strike) or they'll go bankrupt. Stock won't be able to recover with those problems hanging over its head.
pietistic
12-22-2005, 02:22 PM
I don't care what the stock does long term or if GM goes bankrupt. I'm only playing this for a bounce which is bound to come with everyone and their dog buying PUTS, you can bet your ASS there's no way in hell the market makers are going to let them all expire ITM.
vthokienj
12-22-2005, 03:10 PM
I am going to be a bit more greedy with SYMC, I think it gets closer to $18.
BOOOYAHOOO!
12-28-2005, 09:25 AM
Split day for WFMI and da natives is gettin restless. See a pigme, take advantage of a pigme. Based on the way it is now running in PM trading I would short using the Jan 75 puts which should get slammed on the open. :wink:
BOOOYAHOOO!
12-29-2005, 10:16 AM
Split day for WFMI and da natives is gettin restless. See a pigme, take advantage of a pigme. Based on the way it is now running in PM trading I would short using the Jan 75 puts which should get slammed on the open. :wink:

WFMI now selling off after a buy signal and OBV is dropping. It means people are taking profits which I would rather have not seen. I would have rather seen the buying volume piling on. I would venture to say that the next rally will tell all so perhaps these put options will get even cheaper. The key to look for will be low volume and a slow price rise on any move up from here. Or just watch the OBV. I'd like to see it rise along with price as it is at -400K on the 2 day and it drooped down sharply on the 25 day chawt. WFMI is one of the poster children for the new stock market bubble IMO. :D