EVENT: AAPL reports fiscal Q4 earnings after the close tomorrow. The options market is implying about a 5.5% move (the at the money straddle is about $33.50 vs the stock at ~$620.50) which is shy …
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4th Update Oct 28th, 2011 at 11:52am: With NFLX at 83.57 I am going to close out the last bit of this position at 8.40. I hope this was instructive to some of you to …
Continue reading3rd Update Oct 26th, 2011 at 3;42pm: With the stock back at 80, I am going to sell half of my existing position at 4.75 (originally paid 2.30). Now I leave a qtr of my …
Continue reading2nd Update Oct 25th, 2011 at 2:05pm: With the stock at 77.75 I sold half of my position at 4.60, double what I paid and taking my cost off the table….I will now let the …
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Update Oct 25th, 2011 at 9:30am: As many of you know by now, NFLX is down about 37% in the pre-market, below the 75 strike put I am long as the lowest leg of the …
Continue reading2nd UPDATE W/New Trade Oct 14th 2011: Since putting on the Oct Put Spread a month ago the stock went down 8% and then up 14%…I traded this spread well avoiding a loss and now …
Continue readingUPDATE OCT 3rd, 2011: INTC‘s fever finally broke, it only took disastrous earnings reports from AMD and MU last week (both stocks down more than 20% since), and a little market sell off for this name to …
Continue readingNFLX has been one of those stocks that unless you had balls of steel and grown them in the last 2 months, it has almost been impossible to make money on the short side….I have tried desperately to short …
Continue readingUpdate Sept 21st, 2011 at 10:10am: ORCL reported their fiscal Q1 last night and by all accounts was slightly better than expectations with license revenue growth better than expectations and hardware at the very low end of estimates. The company guided Q2 …
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ORCL $28.35 EVENT: report fiscal Q1 and issue Q2 guidance tomo after the close. IMPLIED MOVE vs HISTORICAL: Options market currently implying about a 5% move into earnings vs the 8 qtr average move post …
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