Help me with my Trade Exits. - Page 3 - Business, Finances and Investing Forum

Funny how all those AMD fintwits bulls have pretty quiet last few days as it pukes on heavy volume off ATHs. 10× in a year basically, the paradigm shifts in some of these names is truly crazy.

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03-07-2017 , 04:20 PM

#52

MyrnaFTW

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Join Date: Nov 2011 Posts: 7,557

getting into an HRB short position,, 20.68 avg, also bought some longer term puts .

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03-09-2017 , 11:49 AM

#53

MyrnaFTW

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Join Date: Nov 2011 Posts: 7,557

well HRB short is sucking right now, but i have a super strong feeling it will not have a good 4th quarter ,, so i bought 7/21 23 puts yesterday for 1.40 avg.. original purchase was for 3.3, in the red right now on this.

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03-09-2017 , 12:47 PM

#54

trade2win

grinder

Join Date: Sep 2014 Posts: 583

if your thesis is they will not have a very good 4q what are you doing buying options from now on a event that will take place in 3 months?

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03-09-2017 , 12:56 PM

#55

MyrnaFTW

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Quote:

Originally Posted by trade2win

if your thesis is they will not have a very good 4q what are you doing buying options from now on a event that will take place in 3 months?

because i also plan on shorting right before earnings,, last year , i went short, bought puts, when it was trading near 33 , and they made announcement the next day , warning,,. i dont want to be without a position, if that happens again. if the stock has gone up , stayed flat , from here until 6/8 . I will add to the position regardless . Also, june options are not available yet.

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03-09-2017 , 01:29 PM

#56

trade2win

grinder

Join Date: Sep 2014 Posts: 583

what does you going short before earnings have anything to do with paying up for an option that based on your thesis is going to lose theta over the next 3 months?

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03-09-2017 , 01:34 PM

#57

MyrnaFTW

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Quote:

Originally Posted by trade2win

what does you going short before earnings have anything to do with paying up for an option that based on your thesis is going to lose theta over the next 3 months?

I think the stock will head back to its 52 week lows, sooner than later, i said i will short near earnings, again/more , if i am wrong or right about that.

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04-03-2017 , 03:39 PM

#58

MyrnaFTW

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Bought some MON 4/21 113 puts lotto tickets. Like my risk/reward ,even with the Bayer offer.

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04-03-2017 , 04:13 PM

#59

ASAP17

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Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by MyrnaFTW

Bought some MON 4/21 113 puts lotto tickets. Like my risk/reward ,even with the Bayer offer.

Why exactly?

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04-07-2017 , 01:19 PM

#60

MyrnaFTW

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Quote:

Originally Posted by ASAP17

Why exactly?

obviously , in hindsight , it looks like a horrible play .. I was expecting numbers to be a bit shorter than they were, was expecting some of the run that happened because of bayer to die down , was even hoping there was news that the merger was not going to go through . It was a situationi thought would have been a 5-10x if i was right .. which is why I'm also buying IBM april and may 170 puts right now..

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04-07-2017 , 09:39 PM

#61

applesauce123

adept

Join Date: Jun 2016 Posts: 851

Sick trades, keep up the good work Myrna

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04-19-2017 , 10:27 AM

#62

MyrnaFTW

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Quote:

Originally Posted by MyrnaFTW

covered some of those ibm puts for a four bagger,, really needed it as i have been slumping in this bull market.. still holding half

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04-24-2017 , 11:36 AM

#63

MyrnaFTW

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sold the remaining april puts on friday for a nice gain, still have the may IBM puts but NKE and MON puts ended up worthless. decided that NKE is a week or two from a 10% drop, so re upped nke puts ,, bought the 5/19 55 puts for .56 avg..

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04-25-2017 , 10:43 AM

#64

MyrnaFTW

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bought even more nke 5/19 55 puts, this time i avg up at .655 , also got in to spy 5/12 235 puts @ 1.1 avg .. really loving my risk/reward here.

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05-01-2017 , 03:46 PM

#65

MyrnaFTW

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i know it seems like valuations dont matter , but still have to play the turds

DNB short @ 110.60 and the may 105 puts @ 1.7 avg

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05-01-2017 , 04:28 PM

#66

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by ASAP17

Funny how all those AMD fintwits bulls have pretty quiet last few days as it pukes on heavy volume off ATHs. 10× in a year basically, the paradigm shifts in some of these names is truly crazy.

Guess who had puts for ER?

R/R was really nice given how heavily the skew was biased towards the bulls.

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05-03-2017 , 03:43 PM

#67

MyrnaFTW

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Quote:

Originally Posted by ASAP17

Guess who had puts for ER?

R/R was really nice given how heavily the skew was biased towards the bulls.

yeah, im a super idiot for missing that one, considering how many times amd has **** the bed too.. it was that and dnb as my plays that day, i should have split it up..

playing BCOR on the LONG side,, thats right,, kinda of a hedge with hrb, but its me hoping tax act made a dent in that race. long at 18.80

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05-05-2017 , 03:06 PM

#68

MyrnaFTW

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Quote:

Originally Posted by MyrnaFTW

Warren bailed me out and got out of my IBM may puts,, wish i played that and the april ibm puts more aggressively ,, still have all my nke puts..

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05-05-2017 , 07:05 PM

#69

Steiger

centurion

Join Date: Nov 2008 Posts: 145

Why puts on the S&P when it makes new all time highs? To me it seems a lot your trades are based on your emotions, but maybe I am reading too much into your posts.

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05-08-2017 , 02:54 PM

#70

MyrnaFTW

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Quote:

Originally Posted by Steiger

Why puts on the S&P when it makes new all time highs? To me it seems a lot your trades are based on your emotions, but maybe I am reading too much into your posts.

not so much off emotion but trying to pick up patterns and going on risk/reward basis..

which leads to, STRP 6/16 june 200 puts,, picking these up around 9 and change. vix being super low and strp possibly being shady makes this a good play at this price.

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05-08-2017 , 03:16 PM

#71

ASAP17

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Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by MyrnaFTW

Dude come on, your plays are straight gambling sorry. You do not have an edge here IMO.

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05-08-2017 , 03:18 PM

#72

MyrnaFTW

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Quote:

Originally Posted by ASAP17

Dude come on, your plays are straight gambling sorry. You do not have an edge here IMO.

asap, the risk/reward here is huge imo,, if bids do fall off, this can easily go back down below 180.. easily..

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05-08-2017 , 03:21 PM

#73

ASAP17

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Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by MyrnaFTW

asap, the risk/reward here is huge imo,, if bids do fall off, this can easily go back down below 180.. easily..

So what? You said it yourself you really don't know what's going here so now you are buying puts? Plus what does a low VIX have to do with anything in this name?

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05-08-2017 , 04:38 PM

#74

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

If the minimum bid is $184 & remember how desperate Verizon is to make moves right now... You can only make $6 at most in a month (given your puts breakeven at $190). Seems like a terrible r/r given market conditions. I love contrarian ideas especially in a market full of trend followers but you have to defend it especially if you want input by posting a thread like this.

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05-09-2017 , 02:03 PM

#75

MyrnaFTW

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Quote:

Originally Posted by ASAP17

my defense is that the stock is up a good amount today (15+) and the puts are worth the SAME ,,

doing the opposite of what jesse livermore taught us and selling a winner,, BCOR @ 20.68 avg ,, ill take a win when i can nowadays,.

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