Weekend Updates

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    Posted: 14 January 2012 08:03 PM #16

    QE3 maybe for real this time, huh?  Good for the shorter term.  But after that…?

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
  • Posted: 14 January 2012 08:37 PM #17

    JDSoCal - 14 January 2012 09:37 PM
    roni - 14 January 2012 05:50 AM

    My April $425’s will be gone long before April expiry

    I mean this without a shred of sarcasm (rare for me), my stress level has dropped dramatically since I stopped buying calls. ITM spreads go up to the very last day, as does selling options.

    JD,

    What kind of spreads are you using (Calendar, Credit)?  I am trying to reduce my stress level and want to start using spreads.  Any advice would be very appreciated.

    Thanks so much.

    Jason

         
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    Posted: 14 January 2012 08:58 PM #18

    Looking ahead, I note Thursday January 19 is going to be quite a day..

    Google, Microsoft and IBM all report earnings that day.  These tech titans may have something to say about how the next day, OE Friday, plays out for most tech stocks, including Apple.
    :oh:

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 14 January 2012 09:44 PM #19

    Good thing my max loss is a fairly low percentage of my portfolio.  :oh:

    I’m out of those Jan 20 weeklies at the first sign of upside…or trouble.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 14 January 2012 09:52 PM #20

    Possible iPad FUD for Monday.

    http://micgadget.com/20372/labor-compensation-dispute-may-delay-new-ipad-delivery/

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    Tim Cook: iPad is 91% of all tablet web traffic. I don’t know what these other tablets are doing.

         
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    Posted: 14 January 2012 10:05 PM #21

    Labor, supplies, labor supply, supply chain…you will ALWAYS hear this kind of…stuff when the media/rumormongers anticipate an impending iPhone or iPad launch.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 14 January 2012 10:22 PM #22

    Mav - 15 January 2012 12:03 AM

    QE3 maybe for real this time, huh?  Good for the shorter term.  But after that…?


    CHOO-CHOO! on the GLD trade..

         
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    Posted: 14 January 2012 10:37 PM #23

    Mav - 15 January 2012 02:05 AM

    Labor, supplies, labor supply, supply chain…you will ALWAYS hear this kind of…stuff when the media/rumormongers anticipate an impending iPhone or iPad launch.

    For sure!  And you can bet your bottom dollar that Foxconn will be more then willing to increase production to compensate for any slack among competing production companies.

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    Tim Cook: iPad is 91% of all tablet web traffic. I don’t know what these other tablets are doing.

         
  • Posted: 15 January 2012 01:36 AM #24

    ncgo4 - 14 January 2012 01:39 AM

    If we stay within this $420-$430 range next week we will be free to run like the devil following the earnings release, ifs the number comes out anything like the numbers DawnTrader or Zaky have thrown out there.  If TC announces a dividend during the call, then all bets are on for a serious ride up.

    That’s all I am looking for this week.  Bought $415/$420s Friday at $3.10.  Crossing my fingers for a gap up on Tuesday (I hate 3 day weekends).

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    You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.

         
  • Posted: 15 January 2012 01:41 AM #25

    Mav - 15 January 2012 02:05 AM

    Labor, supplies, labor supply, supply chain…you will ALWAYS hear this kind of…stuff when the media/rumormongers anticipate an impending iPhone or iPad launch.

    Whenever I see the word “may” (or acronyms of such) I immediately think unsubstantiated rumor/hit generator.

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    You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.

         
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    Posted: 15 January 2012 04:13 AM #26

    A canadian beat us Minnesotans in Redbull’s Crushed Ice championship in St. Paul tonight.

    http://www.redbull.com/cs/Satellite/en_INT/Video/Highlights-of-2011-021242995857780

    Bummer.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
  • Posted: 15 January 2012 10:10 AM #27

    Trouble in Greece again. It’s like an irresistible force (AAPL with earnings) vs. an immovable object (the market with Europe). My money is on Apple but it could be interesting how it plays out.

         
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    Posted: 15 January 2012 01:36 PM #28

    Gregg Thurman - 15 January 2012 05:36 AM

    That’s all I am looking for this week.  Bought $415/$420s Friday at $3.10.  Crossing my fingers for a gap up on Tuesday (I hate 3 day weekends).

    I hate 2 day weekends! grin
    Seriously I hate when the market is closed at all. Friday afternoons carry an air of sadness, like missing an old friend. I would be fine with just a day off here and there.  Maybe a few holidays.

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    Posted: 15 January 2012 01:44 PM #29

    rudyo - 15 January 2012 05:36 PM
    Gregg Thurman - 15 January 2012 05:36 AM

    That’s all I am looking for this week.  Bought $415/$420s Friday at $3.10.  Crossing my fingers for a gap up on Tuesday (I hate 3 day weekends).

    I hate 2 day weekends! grin
    Seriously I hate when the market is closed at all. Friday afternoons carry an air of sadness, like missing an old friend. I would be fine with just a day off here and there.  Maybe a few holidays.

    So I’m not the only one. :D

         
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    Posted: 15 January 2012 01:50 PM #30

    thewood21 - 15 January 2012 12:37 AM
    JDSoCal - 14 January 2012 09:37 PM

    I mean this without a shred of sarcasm (rare for me), my stress level has dropped dramatically since I stopped buying calls. ITM spreads go up to the very last day, as does selling options.

    JD, What kind of spreads are you using (Calendar, Credit)?  I am trying to reduce my stress level and want to start using spreads.  Any advice would be very appreciated.

    Welcome, Jason!  If I recall correctly, JD’s primarily a “bull call spread” (vertical debit) guy.  For more on options, see our “Options Strategy” threads.  Also highly recommended reading: 

    Options for the Beginner and Beyond by W. Edward Olmstead.

    [ Edited: 15 January 2012 01:52 PM by lovemyipad ]