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Option Plays - Page 9

post #161 of 13646
Thread Starter 
Sold my WFMI calls today.

Not worth waiting. The price is decaying to fast if compared to its peers. I rather stay on cash. Markets look shaky at times and its best to sit it out and then get back in.

Sitting near 80% cash.

I have two calls open and a put at the moment.

Calls:
BG 08
DIS 08
NVDA 07
Puts:
AMZN 07
post #162 of 13646
i think ill buy some AMZN puts when it gets closer to their next quarterly filing....looks to be easy money

that, or buy some puts and calls for the same strike...and then take the smaller loss for the larger gain...but it looks to be a down earnings to me

BG looks to be a good call once it starts bouncing back up
post #163 of 13646
Thread Starter 
Your completely right.

I bought some more puts today on AMZN at the same strike price that I bought them earlier. Im averaging down my purchase price and will thefore increase my profit on the swing trade later on.
post #164 of 13646
Thread Starter 
People have been asking me what puts I bought today on AMZN and what my current position is .

Earlier I got in the Jul 55 puts. The stock has been edging a bit higher since then so I then decided to buy more puts at 55 as to average down(today I bought those extra puts)). I also bought the 62.50, and 70's today so I am essentially creating a bear spread.

Below is thes summary of my puts on AMZN and the price that I am in at:

55- Price- $1.10
62.50- Price- $3.30
70- Price- $7.90

Its a risky trade but with a likely market correction coming and a overvalued stock price if comapred to its own growth(organic/non-organic) and peers the bet seems to be safe. To many people would view this as being obvious and it is but once themarket corrects this stock should head to at least its fair value range near $57 or so.
post #165 of 13646
Thread Starter 
Looking to buy more puts on AMZN at the same strike prices that are mentioned above.

I'm averging down as much as possible. Once the stock goes my way I will sell, take profits and take the highway. .

Once the move has been compelted I will post the new cost prices.
post #166 of 13646
Thread Starter 
I bought more puts on AMZN as to average down asmentioned earlier.

55 bought more at $.40 therefore I'm averaged at $.75

62.50 bought more at $1.40 I'm averaged at $2.15

70 bought more at $4.00 I'm averaged at $5.50
post #167 of 13646
Couple trades I made today on earnings .... ADIRH bought 1.25 sold 3.60 June 16th put on ADI - 2nd trade today on earnings TGTFL bought .75 sold 1.45 June 16th Call TGT (Target) Sorry I didn't post before the earnings I will try and post my option trades ahead of time so we can all benefit!!

On another note go Disney!!
post #168 of 13646
Thread Starter 
Excellent trades.

post #169 of 13646
Quote:
Originally Posted by bigbull
I bought more puts on AMZN as to average down asmentioned earlier.

55 bought more at $.40 therefore I'm averaged at $.75

62.50 bought more at $1.40 I'm averaged at $2.15

70 bought more at $4.00 I'm averaged at $5.50
i think you should wait to buy more until it starts going down
post #170 of 13646
Thread Starter 
Yep.

So far the stock has been on a tear and like you said its best to buy when its heading down to really support the weak cause.

I'm not really worry becuase I'm two months out and I think we will have a small dip somewhere betwen these two months which will hit AMZN a bit sending it to its fairvalue range near $57.
post #171 of 13646
october?
post #172 of 13646
Thread Starter 
July.

But now that I look at the stock market I should have gone to October.
post #173 of 13646
Thread Starter 
The NASDAQ is usually weak during the summer so that is hwy I went and bought the July instead of October.

Seasonally October is when the NASDAQ begins to heat up again for the months of November-Januray which are usually the strongest.
post #174 of 13646
its amazing how high AMZN is going....
post #175 of 13646
Quote:
Originally Posted by Amphibithen
its amazing how high AMZN is going....
hey amp, did u get those puts ??
post #176 of 13646
Quote:
Originally Posted by Gameplayers
hey amp, did u get those puts ??
if you look at a page or 2 earlier on this thread, or the AMZN thread (i cant remember which one) i said i would probably buy puts a lot closer to the earnings date. I just like to analyze the stock up until then as well in case of other opportunities. i was hoping to make a quick flip when it topped out, but AMZN has acted very unexpectedly for me so im not sure if i would do that.
post #177 of 13646
Ok 2 plays for next week for me are going to be BMC July 21st Call Strike price 35.00 - BMCGG. Next play will be STO July 21st Call Strike 30.00 - STOGF I plan to open positions on both of these plays on the 24th May. BMC reports earnings on May 29th and STO reports earnings on May 30th. As always do your own DD....

I will update with my buy in prices tomorrow...
post #178 of 13646
Anyone have any good plays for selling covered calls on July options, using a stock less than $15/share?
post #179 of 13646
Quote:
Originally Posted by JPetrillo
Anyone have any good plays for selling covered calls on July options, using a stock less than $15/share?
What about a gold stock like AUY or KRG
I would not be afraid of owning either with gold at these levels.
post #180 of 13646
Picked up the BMCGG calls at .28 Strike 35.00 on BMC. Bought STOGF Calls for .55 strike 30.00 on STO. Trying to get more STOGF at .50
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