weekly trade

[wallstreetsedge]

3 people asked me to post my positions but its too hard to manage the different positions i hold especially because holding times vary so this post will be my buys/shorts to hold for 1-5 days. i prefer to use options but since it really depends on various factors, ill just post the security and entry/exit targets

MA close or lower/192
AMZN close or lower/85
SOLF close or lower/28

[wallstreetsedge]

bought aggressively into MA today

long plays
BTM - now/30

short plays
CELG - now/48

[wallstreetsedge]

actually might be a good time to buy calls on SPY

id go in 2 strikes down, out to next month or march. whatever youre looking to put in, i'd probably go 1/3 in today for a hopeful run tomorrow and if we get a pull back.. go in on fridays close with the other 2/3

[wallstreetsedge]

great shorts right now... OCR and BIG

[Keventerprises]

3 people asked me to post my positions but its too hard to manage the different positions i hold especially because holding times vary so this post will be my buys/shorts to hold for 1-5 days. i prefer to use options but since it really depends on various factors, ill just post the security and entry/exit targets

MA close or lower/192
AMZN close or lower/85
SOLF close or lower/28

Hi KT,
What do you think of these Puts for the coming week?:

I'd like to learn about using options as insurance or as an inexpensive leveraged short position. DSTI & BQI are still overvalued, and both are way below their stop prices. I think Reef did the right thing by shorting BQI this coming week. I'm thinking maybe it would be wise to buy DSTI Feb 16 puts for $.20 and/or BQI Feb 16 $2.50 puts for $.10, because I don't think the fall is over for either one. That's $20.00-$10.00 per hundred shares (Respectively, before any commissions), so if they go down next week by 10%, then $.10 BQI Puts should be worth $.75-1.00 and $.20 DSTI Puts should be worth well over $1.00. It seems like $100.00 now hedges 500-1000 shares, even after commissions, but it is important to watch the spread on options between bid and ask, because you start off in the hole between the bid and the ask price!

Please correct me if I'm wrong, or add what you know, according to my calculations for DSTI, if it goes down and then $100.00 worth of $.20 puts, turns into $500.00, then that covers and protects against a loss of up to $1.00 per share on 500 shares. So if DSTI goes down to anywhere close to $3.00 you still make money, and if it goes up instead then you make that gain, and it cost $.20 per share to protect a 10-20% loss. So will it go down more than 10% before Feb 16? I believe it will. IMHO.

I'm just thinking out loud trying to learn about using options as insurance, or for leveraged Shorts. It seems like a good deal for a month of insurance, and the put value will go up if the stock goes down. Any thoughts or advice on this??

[wallstreetsedge]

hey kev

sorry i didnt get back to you.. ive been really busy lately with trades. been making a lot of money in this market :)

as for dsti, too many down days, time for a strong up day.. id go long into it

as for options on dsti, id never recommend buying any options on a stock under $20. first you have to deal with the spreads since its a cheap stock the spread would probably be 5¢ or 10¢ which is a big deal on a stock like that

some good stocks to buy calls on right now are MO and VOD

sorry if im rushing but i gotta get up early but youre right about the $500..
as for pulling down more than 10% its very possible. however, i never like to buy puts on a long position. i would rather sell calls against the position or get out of the position all together

but right now dsti looks like a good buy to the upside to jump out of this week

[wallstreetsedge]

bought puts on TIF going out to next month

bought calls on ebay for earnings

[wallstreetsedge]

exit my ebay calls for feb

still holding onto ebay 27.5 for mar


traded calls on bidu today 3x, made about $18200 today using about $30k

leavin open position on goog 540s for feb owning at about 32


how you like them apples :D

[Keventerprises]

exit my ebay calls for feb

still holding onto ebay 27.5 for mar


traded calls on bidu today 3x, made about $18200 today using about $30k

leavin open position on goog 540s for feb owning at about 32


how you like them apples :D

:congrats: Good job. Thanks for keeping us posted! It looks like eBay took a bite out of the proverbial AAPL.

[wallstreetsedge]

i think we'll get another decent rally tomorrow id probably say 130pts.. would definitely buy some more puts on QID

will also look to buy feb puts on TIF and short RT stock

[wallstreetsedge]

should have held onto my BIDU calls blah!

getting out of my GOOG calls today.. i bet its too early :O

[Keventerprises]

should have held onto my BIDU calls blah!

getting out of my GOOG calls today.. i bet its too early :O

Can I buy Puts on XWIFE? :laugh:

[Jelly]

Can I buy Puts on XWIFE? :laugh:

Not without permission.

Go to: www.ballbustinbarristers.com

................and bring your checkbook

[netwrangler]

Can I buy Puts on XWIFE? :laugh:Yes, but they are really expensive.

[Keventerprises]

Yes, but they are really expensive.

But she's a depreciating asset, though she did go below her strike price.

So, when the value goes past the strike price the put costs more? :laugh: :goodnight: :beer:

[netwrangler]

But she's a depreciating asset, though she did go below her strike price.

So, when the value goes past the strike price the put costs more? :laugh: :goodnight: :beer:At the age of 68, I can tell you, we are all depreciating assets.

[Keventerprises]

At the age of 68, I can tell you, we are all depreciating assets.

I hear you, and the more we depreciate the more we should appreciate the time we have, although we should not easily accept our own demise. Except in accepting our own death, we become more alive in our own freedom. I'm living life fuller than I have ever given myself permission to, but I gotta watch out for the Rangers. :canabis: ..No one has ever used that smiley...

Happy Birthday to you on being 68 Net! :birthday: They say we never think we'll be 30, then we're pushing 40, then we make 50, and hit 60, then we are glad to be 70, and make it to 80, and hit 90 and live to be 100. :shakehands:

[wallstreetsedge]

ok less talk from me, going to be putting in trades on the vse since i noticed its dying. people can track there :p