The investment..speculation, out right gambling thread

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5441

<p>Doct, bac was a winner for you…</p>

<p>BCEagle91, I think that is a good post.</p>

<p>I thnk aapl is down enough…for now… and like I said see support in aapl at these levels and down to 350…</p>

<p>I think aapl will come out with something this year and there will be speculation beforehand. I think aapl will be trading higher than it is now with this speculation…</p>

<p>Aapl might trade 400… I don’t know…</p>

<p>I dont see appl closing much below 430 today…too many puts were bought…and are going to close out today…</p>

<p>The 430 calls is the question…and the 435 puts…</p>

<p>I am thinking the 430 calls are going to outweigh the 435 puts…</p>

<p>I dont have the clarity that I have had a couple of times in the last couple of months in aapl today…because the option trading is not as clear…</p>

5442

<p>Yes - bac worked out well. I’m thinking of buying spy and iwm calls today but can’t pull the trigger. I’m not sure about s&p getting beyond the 1565 level. Then again - maybe I’ll sell 3/16 puts on spy.</p>

5443

<p>How can u buy those calls when u think the market is toppy?</p>

5444

<p>That’s why I just sold 3/16 152.5 puts for .3 instead.</p>

5445

<p>Makes more sense…</p>

<p>I missed my aapl put sell…</p>

<p>I might get another chance…</p>

5446

<p>So where can we go from here in the s&p - near term 1600 which is only 3.6% above its current level, 1700 by the end of the year which is 10% from here. I can do 5 - 10%(year return) selling puts with much less risk and wait for the market to correct which it always does and then go long.</p>

5447

<p>Hey. I am a put seller. I was a put seller when u were young. :)</p>

5448

<p>I think its a good strategy now with an opportunity to perhaps get what you want at a lower price and in the meantime generate some income.</p>

5449

<p>Yeah… I agree…</p>

<p>I like selling puts because it is pretty liquid…I am not locked in long term …</p>

<p>I sold 1 aapl put on that drop…I wanted to sell more…iI don’t know how I didn’t sell more. My timing was terrible… I tried to sell lower than the bid…and I missed…</p>

5450

<p>Well…I cancelled the aapl orders that expire today.</p>

<p>I sold the goog 730 3/22 puts.</p>

<p>I am happy about those.</p>

<p>Usually I sell spy puts but I might sell aapl puts that expire next week instead…</p>

5451

<p>I had sold 3/8 goog 790 puts for 1.5 and 3/16 goog puts for 1.45, aapl 3/8 405 puts for 1.43. Today I sold spy 3/16 152.5 puts for .30 and 3/16 vlo 43 puts for .24.</p>

5452

<p>Yep…the ones that expired today…expired worthless…nice.</p>

<p>I was short hlf 36 and 37 puts that expire today. They better be worthless.</p>

<p>I was short nav puts. They expired worthless.</p>

<p>Goog 730 and 760 puts expired worthless…</p>

<p>Spy 142 puts expired wothless…</p>

<p>The aapl 420 and 430 puts expired worthless…</p>

<p>I tried to sell some aapl puts that expire next week but I did not get those off.</p>

<p>I am working something…but it trades by appointment only…which means it seldom trades…so I have to keep that quiet. :slight_smile: </p>

<p>I don’t think I have anything else working, but there is always next week…</p>

<p>Hopefully, Monday will continue its negative ways…unlike this week…so opportunities will open up.</p>

5453

<p>[Reminiscences</a> of Marty Zweig: What I Learned From a Market Great](<a href=“http://investing.schwab.com/public/schwab/resource_center/expert_insight/todays_market/sonders/sonders_030113.html]Reminiscences”>http://investing.schwab.com/public/schwab/resource_center/expert_insight/todays_market/sonders/sonders_030113.html)</p>

5454

<p>I know that I’ve been fairly positive on the economy but that’s not to say that I don’t know that there are a lot of problems out there and that there are a lot of people that are struggling or adapting to harsher conditions:</p>

<p>[For</a> the middle class, expenses grow faster than paychecks - Yahoo! Finance](<a href=“http://finance.yahoo.com/news/middle-class-expenses-grow-faster-111900178.html]For”>http://finance.yahoo.com/news/middle-class-expenses-grow-faster-111900178.html)</p>

5455

<p>Yeah… That story bugs me. The economy is not doing that well. </p>

<p>The stock market is back to the old high set almost 6 years ago. Overall that is a pretty poor return.</p>

5456

<p>A guy at work got out of his SPYs near the top (1,400 I think) and then watched it go down. And kept watching. He’s been in cash since then. Missed out on a double.</p>

5457

<p>There are a lot of us like that. Luckily, we aren’t dead. There will be more chances.</p>

5458

<p>This guy is super, super smart (math and engineering wise) and single and doesn’t have a lot of expenses. I’m pretty sure that he isn’t hurting for spending money. He loves to chat with me on economics and the stock market (he’s european) - especially late at night after work. We used to do that more often over pizza but my Friday nights are tied up now.</p>

<p>BTW, I’m really enjoying Chris Pupluva’s weekend wrap-up pieces. Basically a nice recap of the week in a no-nonsense way. His father has a more ideological bent when he did the weekly recaps but sometimes the bias while it might make you feel better, doesn’t really help in trading.</p>

5459

<p>What are you doing on Friday nights?</p>

<p>Training?</p>

5460

<p>I pick my son up from Boston.</p>