came off the train this morning to see them setting up what I assume to be the ribbon barricades to control traffic and the "first person in line" having his picture taken. At least they weren't lining up more than 24 hours in advance. I am thinking of not opening my iPad and just selling it over the weekend.
kihne said: kihne said: sitting on AAPL APR $545, $555, $565, and $605 calls. feel like a pimp, doing nothing and just collecting money from all those ppl dying to pay for the service.
Will take profits on $545, $555, and $565 calls today if AAPL goes $600. And sell half of my AAPL shares bought @ $535. AAPL is still cheap at $600, but this is pure madness.
kihne said: kihne said: kihne said: sitting on AAPL APR $545, $555, $565, and $605 calls. feel like a pimp, doing nothing and just collecting money from all those ppl dying to pay for the service.
Will take profits on $545, $555, and $565 calls today if AAPL goes $600. And sell half of my AAPL shares bought @ $535. AAPL is still cheap at $600, but this is pure madness.
jesternl said: Who or what determines what strike prices are available for options? Some have only $2.50 intervals (AEG, for instance), others $1, others $0.50..
Depends on stock price, the higher the stock price the larger intervals.
That was my first thought, but AEG is trading at ~$5, so a $2.50 interval makes no sense. And also, take Sprint as an example. According to Google finance and OH for the april strike I see 3, 3.5, 4, 5, 6, for May I see 3, 3.5, 4, 4.5, 5, 5.5, so different intervals for different motnths.
tinlizzy said: kantscholar said: Money is finally starting to come out of the treasuries. Pretty significant move up in the past 2 days in the 10-year from under 2% to 2.27%.
A quick check on the retirement forums - retirees definitely noticed a drop in their portfolios in the last couple days. Took a bath and took a hit were how they described it. Wait until the ones not online get their paper statements in a couple months and start making calls to their financial advisors. Panic in the bond market may have just begun.
I don't think this is going to be a 'sell in May' year.
If you're a retiree and your money is invested in a bond fund, it's either one that pays a healthy dividend (and you're living off of the dividend) or you're an idiot. Bond funds took a hit because the price has been fluctuating and so the price of the bonds (if you were forced to liquidate or otherwise wanted to liquidate) is lower, but if you're a retiree you wouldn't want to do that. You're looking for fixed income, not crazily fluctuating income. Those same funds, which normally yield 4-6% per year, yielded almost 15% last year. That's absolutely insane.
The real problem is the role of the "financial advisors" who are doing what they can to separate people from their money. It's entirely irresponsible for someone to suggest to a retiree that they should put money in a bond fund that isn't indexed to something. The last thing you want is your fund manager not holding the bonds to maturity, selling when things have gotten bad, and then your account getting smashed because some kid was impatient.
The reality is right now that people are starting to get greedy again. While I still think we can move up another 10% overall, things are starting to get frothy. Remember, stairs on the way up and elevator (or free fall) on the way down. And you never see it coming when the stairs end.
jesternl said: That was my first thought, but AEG is trading at ~$5, so a $2.50 interval makes no sense. And also, take Sprint as an example. According to Google finance and OH for the april strike I see 3, 3.5, 4, 5, 6, for May I see 3, 3.5, 4, 4.5, 5, 5.5, so different intervals for different motnths.
Maybe the options exchange determines the strikes then, as they are the counterparty to all transactions anyway.
mariusz said: skeemer said: I keep hearing about how the parabolic rise in AAPL is going to lead to a huge crash in it in the near future, but I'm struggling to see how that is going to happen. AAPL is not some (formerly) NFLX or GMCR with a PE in the hundreds. Do these people that see a parabolic reverse in AAPL think the massive revenue stream is going to grind to a halt? Without some game-changing move from the competition or a massive production failure, I don't see how the AAPL revenue machine comes back to mean in anything other than a soft drift back down, rather than a crash. And without a revenue/earnings fallout, I don't see how a price crash happens as a drop to 400 would give AAPL a single digit multiple, at which point it would be gobbled back up. There are plenty of buyers out there for AAPL, especially at lower prices. I just don't see how the upward trend isn't supported by the company fundamentals as well as buyer-side demand for the shares.
I accept that the move up over the last few weeks/months is unusual (and reminiscent of the late 90s), but I don't see how it isn't supported. This rise isn't built on vapors or hopes and dreams.
Explain that to the poor sucker who buys the top, as there will definitely be one at some point. Fear and greed is what the market is all about, most else is just plain BS. It's a pyramid and at some point it will run out of buyers, at which point sellers take over, and nobody will care about revenues or P/E, or any other metric, when they start losing money and want to GTFO.
I understand there will be a top. I just don't see how it will plummet back down without some catastrophic hit to their business model. Like I said, it's not a high flying valuation, where there's no real support for the price other than speculation and momentum. A drop back below $400 would give it a single digit PE, which I just cannot envision a scenario where there aren't millions of investors ready to buy Apple with a PE under 10 (excluding the catastrophe, or total market meltdown). I can much more see it leveling off or drifting back into a range. Maybe this happens after it becomes a dividend stock, or once revenues level off. But it's still a growth stock with value stock fundamentals.
But off a cliff back down? Nah, I don't see that happening at this point.
I am the worst ever. Been in cash for a week waiting for a red day... have 15k or so in FAZ at 22.30 after the nutso bank run up... also waiting for a red day.
You know the market has topped when a POS like SHLD is $5 away from 52wk high, it means all the sheep are buying blindly because their FA told them to.
jd2010 said: I am the worst ever. Been in cash for a week waiting for a red day... have 15k or so in FAZ at 22.30 after the nutso bank run up... also waiting for a red day.
8 green in a row? jesus
patience, the bottom will fall out sooner than everyone thinks. Gas prices have jumped recently and will likely put a big dent in retail stocks, which could trigger a stampede for exits.
sold off my Ulta Mar 85 calls for a 15% profit. too worried the stock gets pegged to 90 tomorrow, getting out while it's at 90.70 (sold calls for 5.70)
deciding to hold onto my April 55 COV calls (now up 92%).. going to let it run some more and see what happens next week after march options expire. also have some JUL 60 COV calls up 18%.
BilldaCat said: i hate RIMM, looking at puts too but a little pricey. though they tend to tank a lot, so maybe not that pricy.
considering Apr 13 puts. what you looking at Del?
I went for some Mar23rd expiry, $14 put... premium isn't too bad. Only a couple contracts though. Not sure when they have the next earnings call but the expiry after that would probably be a good one to get.
DelCheapo said: BilldaCat said: i hate RIMM, looking at puts too but a little pricey. though they tend to tank a lot, so maybe not that pricy.
considering Apr 13 puts. what you looking at Del?
I went for some Mar23rd expiry, $14 put... premium isn't too bad. Only a couple contracts though. Not sure when they have the next earnings call but the expiry after that would probably be a good one to get.
Mar 29, 2012 Q4 2012 Research In Motion Limited Earnings Release
jd2010 said: I am the worst ever. Been in cash for a week waiting for a red day... have 15k or so in FAZ at 22.30 after the nutso bank run up... also waiting for a red day.
8 green in a row? jesusYea, I'm down ~30% on my FAZ position...ouch. Every morning I read the news and think the banks are going to get dumped on, they somehow keep going up. Doesn't make sense to me. Thank the lord I have some better positions.
NavyaPeter said: DelCheapo said: Maybe I can pick up some AAPL at $560 by the time this thing closes... Do u mean Puts?
No, I've never won shorting Apple, and I've learned my lesson about 4 times... No more Apple puts or shorts for me, just trying to re-enter at a lower price point.
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