Option picks - place some of your option here

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Winner
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Re: Option picks - place some of your option here

Post by Winner »

Winner wrote:
Winner wrote:Buy-Write Strategy: As the article I post indicated 13% annually return and here is the chance to get it within 4 weeks for 11.42% or 8 weeks for 18.23%.

Buy VNDA in 100 shares increment and sell one contract for every 100 shares DEC 2013 CALL $12 for for $1 (BID: $.90/ASK: $1.10) / JAN 2014 CALL $13 (Bid: $1/ASK: $1.2). VNDA closed at $11.63, so the cost is $10.63 or 8.6% below the closed price for a protection. If the stock close $12 or more on DEC 20, then lock in 11.42% for 4 wk by let it exercise or just convert to JAN 2014 CALL $13 for breakeven or some credit ($13=18.23%). I refer DEC with potential expire worthless (rather than $13 strike in JAN for higher chance stock will pull from me), then continue to SELL CALL to collect the monthly (INCOME) on time premium.

I bought 2,000 shares and sold 20 contracts the next day near the cost I mentioned above. Today, I bought 1,000 shares and sold 10 contract at $10 strike for $9.29, so my average cost is a little over $10 and if by 12/20 it trade above $10 (near $12), then I will be happy to let it pull 1,000 share from me for 7% profit (I may convert the last 10 contracts to JAN 2014 CALL $11 or $12 strike with credit and leave the 1st 20 contract to expire) since the main purpose for this trade is to bring my average cost down to $10.10. By the way there is one investor has an open JAN2014 CALL $12 strike and the transaction over $500K. This investor bet on very high potential FDA will approved in JAN and my target for this stock is between $17 to $22.


I converted all JAN2014 to FEB2014 $14 & $15 and get $.85 & $16 for $.80 (total collect $3,300/$40,000 for 4K shares = more than 8% return a month this not include the price increase more than 30%), so my average cost for VNDA is $9.24. So by FEB2014 close above $14 and I let excercise that = 51.51% and more for two + months. This strategy work very well so far to earn extra income. By the way my target price is above $17, so depend on where it close for FEB2014 then I will decide if I let it excercise or get additional credit by convert to MAR2014.

BY THE WAY MLNX is not great compare to VNDA since I bought additional. I posted MLNX that initial I bought 100 shares at $34.89 after several month that I took income between $1 to $2 per share, plus additional shares I bought later on, so with the current price it is still above 25% return for less than 3 months. I missed last Friday and not convert and less it expire worthless, now I will wait for it to go up around $45 before I sell to collect income for FEB2014 any where between $1 to $2. As I post on 12/3 without even sell any additional CALL contacts to get income with the current price is above 20%, but if took additional income like me between $1 to $2 for each month that is above 46% with the current price (-$1.60) , if close on Friday is perfect (but I play this for income so I let it ride to collect additional income as long as it continue up and will close if it back to $40 area).
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Winner
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Re: Option picks - place some of your option here

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BOUGHT GLD CALL Feb 07 & just Sold Jan 31 on $126 strike for average cost $.21 to create calendar spread.
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Winner
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Re: Option picks - place some of your option here

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This maybe too early for ZBRA (I expect this continue up to the end of this month it will reverse the direction. Let see if I'm right on this!

Here is my trade for today
CALL: BUY AUG18 $85/SELL AUG18 $80
PUT: BUY NOV17 $70/SELL AUG18 $75

I collected $3.28 (Margin $1.72 from $5 spread - $3.28 credit), so my potential profit is 190% if it trade between $75 - $80 area with potential additional bonus for unlimited drop to OCT with time credit till NOV. This stock is one of SELL in late MAY for year after year (drop from JUNE01 to OCT31). Normally ZBRA drop the most around from Mid of AUG to End of OCT.

I also have an open net credit of $1.75 early this week for CALL BUY AUG18 $105/SELL AUG18 $100. I'll add more if ZBRA continue it normal up trend until the end of MAY.

I'm still have MAY19 $90 purchased from net credit at $1.29 bought in NOV last year (similar like today trade). Several times I really want to lock in profit from $5 to $7 (Bonus 442% gain and still greedy :oops: ). :idea: Thinking SELL MAY19 $95 to create $90/$95 spread for last bid more than $3 (this is what peoples think (including me :lol:) the stock is worth more than $98 for the next 11 days) this will lock in my profit more than $8 if it trade above $95 on MAY 19 (even if it drop below $90 then I'm still lock in 132%). This stock when it move increase or decrease more than $5 within a week is normal.
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Winner
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Re: Option picks - place some of your option here

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Winner wrote:I'm still have MAY19 $90 purchased from net credit at $1.29 bought in NOV last year (similar like today trade). Several times I really want to lock in profit from $5 to $7 (Bonus 442% gain and still greedy :oops: ). :idea: Thinking SELL MAY19 $95 to create $90/$95 spread for last bid more than $3 (this is what peoples think (including me :lol:) the stock is worth more than $98 for the next 11 days) this will lock in my profit more than $8 if it trade above $95 on MAY 19 (even if it drop below $90 then I'm still lock in 132%). This stock when it move increase or decrease more than $5 within a week is normal.


Today SELL CALL MAY19 $95 for $4.20 (happy to lock in profit for 225%: $4.20 - $1.29 = $2.91/$1.29) to create debit spread $90/$95, so looking forward to maximize profit at 613% in 8 trading days left.

Will wait until week 4 of MAY to sell more CALL spread and buy PUT. Most likely Buy PUT NOV $90 PUT and AUG $80 2X (since I have open $70 my own style Calendar Butterfly), current trading around $4.65 (with SELLING CALL spread the cost will be under $2).
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Winner
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Re: Option picks - place some of your option here

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Unrealized gain over 100% since last Friday on EFA (I Fund).

APPL look good and I expect to collect at least +$200 per week (on time decay) for each contact. 10 contacts = more than $2K per week for breakeven at $164.

Net Debit: $5.15
BUY CALL $160 DEC 15
SELL CALL $165 NOV 3 (time decay here is more than $3 or more than $300 per contact to collect or protection)
Net Credit to reduce additional cost: $1.15
SELL PUT $160 NOV 17
BUY PUT $155 NOV 17
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Winner
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Re: Option picks - place some of your option here

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Lock in some profit for over 30% gained ($5k) on AAPL within trading days. I still have 10 contracts long (call) at $160 Dec 15 and just 5 contracts short (calls) at $172.5 Nov 10.
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Winner
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Re: Option picks - place some of your option here

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A lot of activity today on APPL calls expire this week. Seven strikes control over 77K contracts (7.7M shares) or over $1.3T on stock prices. I'm not adding any more, but up 13.99% ($1,850) since yesterday with 10 contracts of DEC 15.
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Winner
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Re: Option picks - place some of your option here

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Buy SNAP at 32% discount with potential profit 53% in 2 years.

SNAP current trade at $12.57
Sell $13 strike Jan 2020 for average $4.12 (Bid: $395/Ask: $4.30)

Place a cover call for every 100 shares buy/sell 1 contract for an average cost at $8.45 or 32.77% discount (4.12/$12.57) or price protection.

If by 2020 SNAP trade above $13 then you gain 53.84% ($13 - $8.45 = $4.55 then divide your cost). This is the max profit even SNAP later on trade at $19.16 or above, but regular investor to see the same profit as this type of trade at $19.16.

The average return more than 26% per year for SNAP just has to gain $.43

I bought option only and currently have 20 contracts open.
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mindofmush
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Re: Option picks - place some of your option here

Post by mindofmush »

Considering all the insider buying of SNAP and all the the haters (Sell! Sell! Sell!) from Cramer to seekingalpha, this stock will probably rocket up when the short sellers have to buy back in.

Hope you bought a call.
mo meng, mo ching (which loosely means: no money, no life)

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Winner
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Re: Option picks - place some of your option here

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As I said previously at the bottom I have 20 contracts (2,000 shares) open expire on Jan 2020 and I'll hold on to them. It's on fire today.

Follow seasonal strategy - yesterday I bought $1,000 each on TNA calls expire 12/8 and EFA calls expire this week. I have 50 contracts on EFA or each penny up = $50 gain for me. Up $3k on both.

I'm short on GE (bought PUT) very large amount currently up over 300%.

I have 300 contracts on EGO open for out of the money. This is extreme risky trade since most likely to be expire worthless, but the reward very high when it's in the money (break even @ $.03 ITM) for each penny increase = $300 gain for me. If I'm lucky that EGO return to it high then I'm looking at least $30K profit. Several years ago I saw someone turn $300 to over $300K on silver trading range from $12 to over $40 less than 12 minutes and because it moving too fast I'm afraid to jump in.

:idea: One investor or mutual funds manager sold over 75,000 contracts PUT (very deep ITM) and bought equivalent amount of contracts on CALL (OTM) on CBS. Break even for the trade around $56 area. I bought 10 contracts PUT prior to this large contracts executed and sold today to lock in $1K profit. Most likely CBS will be up in the near future.
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Winner
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Re: Option picks - place some of your option here

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ADBE rally throughout 2017 for an annual gain of roughly 70% (from $103.43 to $175.24). In late November it corrected but bounced back to test a prior gap then since recovered back above the 50MA and is on the verge of breaking to new highs, most likely the uptrend has resumed.

I'm looking for more than 50% profit in less than 6 weeks for ADBE to trade at least $185 and/or above by the expiration date.

BUY to open 16FEB18 $180 PUT
SELL to open 16FEB18 $185 PUT
for NET CREDIT of $1.75 or more
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Winner
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Re: Option picks - place some of your option here

Post by Winner »

Winner wrote:ADBE rally throughout 2017 for an annual gain of roughly 70% (from $103.43 to $175.24). In late November it corrected but bounced back to test a prior gap then since recovered back above the 50MA and is on the verge of breaking to new highs, most likely the uptrend has resumed.

I'm looking for more than 50% profit in less than 6 weeks for ADBE to trade at least $185 and/or above by the expiration date.

BUY to open 16FEB18 $180 PUT
SELL to open 16FEB18 $185 PUT
for NET CREDIT of $1.75 or more
After one week I could take +33% and run or stay for 4 more weeks to collect additional +21.5%.

EFA (I fund) doing great just close 85% of my position for 269% profit that was opened 9 days ago on 1/8.
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Winner
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Re: Option picks - place some of your option here

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I'm looking for +60% profit for BIIB in 4 weeks by the expiration date.

BUY TO OPEN PUT 16FEB18 $330
SELL TO OPEN PUT 16FEB18 $340
for NET CREDIT of $3.75 or more
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Winner
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Re: Option picks - place some of your option here

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Closed all ADBE at $.27 for 58% within 8 trading days.
Last edited by Winner on Fri Jan 26, 2018 5:02 pm, edited 1 time in total.
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Winner
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Re: Option picks - place some of your option here

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Winner wrote:I have 300 contracts on EGO open for out of the money. This is extreme risky trade since most likely to be expire worthless, but the reward very high when it's in the money (break even @ $.03 ITM) for each penny increase = $300 gain for me. If I'm lucky that EGO return to it high then I'm looking at least $30K profit. Several years ago I saw someone turn $300 to over $300K on silver trading range from $12 to over $40 less than 12 minutes and because it moving too fast I'm afraid to jump in.
2 contracts of ADBE are enough to cover my 100% loss on EGO :(
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Fund Prices2021-05-07

FundPriceDayYTD
G $16.58 0.00% 0.43%
F $20.72 0.00% -2.27%
C $63.32 0.75% 13.24%
S $82.16 1.32% 10.72%
I $38.76 1.29% 9.51%
L2065 $13.84 1.02% 11.49%
L2060 $13.84 1.02% 11.49%
L2055 $13.84 1.02% 11.49%
L2050 $28.21 0.84% 9.30%
L2045 $12.88 0.79% 8.73%
L2040 $47.05 0.73% 8.19%
L2035 $12.44 0.67% 7.54%
L2030 $41.46 0.61% 6.91%
L2025 $11.77 0.48% 5.47%
Linc $22.89 0.23% 2.76%

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