<p>I like lemonade.</p>
<p>I just think all the shenanigans the banks pull has a bigger impact than lemonade even at 4 bucks a cup.</p>
<p>Actually, I know.</p>
<p>Jcp…I need the stock to drop .35 so I can get filled.
Doesn’t look like it is going to happen.</p>
<p>Sold an aapl 5/3 400 put = 1.36 and rolled out the qcom 4/26 62.5 puts to 5/3 62.5 puts for another .41 which lowers my breakeven on qcom to 61.61.</p>
<p>Ok I just looked at qcom… I guess qcom is not going to close at the strike… Well another .41 potentially in your pocket.</p>
<p>razor, you could get some of those portable drink flavorers. I usually bring an empty Gatorade bottle with me when I fly, since occasionally the TSA will have a bug up their butt about carrying an empty bottle through security. :rolleyes: I keep a thing or two of Crystal Light Lemonade in case I wind up at an airport with terrible tasting water I need to mask a bit.</p>
<p>That’s an extremely good idea. I just have to remember to bring the bottle drink packages.</p>
<p>Coinstar is changing its name to Outerwall. What a stupid name.</p>
<p>
</p>
<p>Read more: [Achuthan</a> Reiterates Recession Call - Business Insider](<a href=“Achuthan Reiterates Recession Call”>Achuthan Reiterates Recession Call)</p>
<p>Can someone get a stick and beat some sense into this guy? And can someone buy this guy a normal name? </p>
<p>2.5 percent GDP maybe isn’t great, but it ain’t a recession.</p>
<p>[The</a> NBER’s Business Cycle Dating Procedure: Frequently Asked Questions](<a href=“http://www.nber.org/cycles/recessions_faq.html]The”>Business Cycle Dating Procedure: Frequently Asked Questions | NBER)</p>
<p>Price target on AAPL is $427 for me - 50% Fibonacci Retracement level. New support around $417.20 - 38.2% Fibonaccie Retracement level. If we hold above, I’ll put a stop just below that around $416.50.</p>
<p>So where is aapl going to close?</p>
<p>If i am long the 410-415-420 butterfly I would prefer 415 and below 410 or above 420 the butterfly is worthless…</p>
<p>However, if I am long the 415-420-425 butterfly I prefer the stock closing at 420. Below 415 and above 425 the butterfly is worthless. </p>
<p>Of course aapl does not have to close at a strike.</p>
<p>I sold some 380 aapl puts that expire next week. I have no idea how I got those off.</p>
<p>I have no idea why jcp just took off…</p>
<p>I haven’t looked at this in detail or put it through a calculator with implied volatility but casually, my 410 - 510 - 610 butterfly is behaving a bit different than I would have expected. I have gains in the 410 calls (expected), the 510 calls that I’m short (?) and a small loss in the 610 calls that I’m long (?)</p>
<p>I don’t really think in terms of where it’s going to close. It’s broken out and unless it drops a lot in the next 24 minutes, I’m not terribly concerned about it. The breakout should bring in more swing-traders on Monday. It may or may not be a coincidence that GOOG tanked yesterday and today. Something to do with European regulators I think - it doesn’t benefit AAPL at all but I think that it’s just part of the moneyflow trade back and forth between the two companies.</p>
<p>I don’t understand the butterfly stuff.</p>
<p>The volatility must have dropped in aapl, doct. Which makes sense…earnings are out…people are calming down…</p>
<p>BCEagle91, you don’t have to be concerned with the butterflies. Just do what you are doing.</p>
<p>The value of these butterflies can change dramatically in the last minute or two today. Since I do trade them occasionally and doct is long one…it is just fun to watch the close.</p>
<p>I sold the may 15 puts in jcp for .06 that expire next week. </p>
<p>I won’t get rich on those. I just sold 20. :)</p>
<p>I wanted to do something.</p>
<p>In my simple minded way, I look at my butterfly as long the call spread 410 - 510 and short the call spread 510 - 610. For me its a bet that by October, the stock is going to be between 431 and 510 (hopefully not too much above 510)</p>
<p>Looks like AAPL closed right around the 38.2% Fibonacci retracement level. Fine with me. I had a great week going into today and gave back about a quarter of it intraday and overall closed down about $1K today. So things could have been worse. Some trader friends of mine called a local top yesterday - probably should have listened to them.</p>
<p>Don’t worry about that the stock staying below 510…</p>
<p>The profits are the same whether the stock is 50 dollars below 510 or 50 points above 510. </p>
<p>Your profit range is 431 to 589. You max out at 510. You don’t lose until the stock surpasses 589…</p>
<p>Well… If your account is up 40,000 in a few days…you have to expect some volatility in your pnl. Nice week BCEagle91.</p>
<p>This should probably go in one of the retirement threads but I’m to lazy to dig one out. It’s a documentary on the transition from pensions to 401Ks. I haven’t reviewed it yet but it’s recommended on CBS Marketwatch. This is a convenient place for me to grab the link later for viewing. I don’t think that it paints a pretty picture.</p>
<p>[The</a> Retirement Gamble | FRONTLINE | PBS](<a href=“http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/]The”>The Retirement Gamble | FRONTLINE)</p>
<p>"Your profit range is 431 to 589. You max out at 510. You don’t lose until the stock surpasses 589… "</p>
<p>I only care about getting the max at 510.</p>
<p>[Your</a> biggest assets are Social Security, Medicare - Rex Nutting - MarketWatch](<a href=“Your biggest assets are Social Security, Medicare - MarketWatch”>Your biggest assets are Social Security, Medicare - MarketWatch)</p>
<p>I am putting this link here even though I posted it elsewhere.</p>
<p>BCEagle91, thanks for that link. I wanted to watch the show and I forgot about it. So thanks. Looks very interesting.</p>