The one clear trade you provided turned out to be nothing but a GAMBLE. Crank up the leverage and buy apple right before earnings, "DELAY" selling calls till after the announcement.
If I want coinflips I'll go to starcity. At least I won't get taxed on my winnings and there's a cheap delicious lunch buffet
I am fully aware that this may be my last post ever on this forum. I can live with that.
The reason many posters who have contacted me privately and shown their support, but have not come out openly on this forum is that they are afraid of being banned. It is as simple as that.
Alvin Purple
This thread was supposed to be about Daniel Kertcher; it now has become clearly about me. However, being Alvin Purple I am very used to attract attention - always have, always will.
On many occasions I have stated the entry price, the strike price and the option premium before I placed the trades. Unfortunately, (and I may well get into trouble for saying that) the moderators and administrators of this forum have, for reasons that are not at all clear to me, removed those posts soon after I posted them.
Funny that.
You are not aware of any of my posts being removed. That is funny, because many posters have told me privately that they noticed that my posts had been removed. One of them even asked the moderators and administrators on this forum that my post be reinstated so that the trade I had listed could be followed by all. But his request fell on deaf ears.
I will therefore post one more trade that I will be entering tomorrow night (Monday) as son as the market opens.
I'll be buying SNDK at about $55.75 and sell the corresponding number of deep-in-the-money September call options with a strike at $45.00 for which I expect to get a premium of about $11.30. S/L will be at about $44.90.
If the share price and premium are roughly what I expect, I will place the trade and expect a return of about 4 % to 5 %.
Provided this post does not get deleted, we can then all watch the trade develop until expiry.
The question is: Can you handle the truth? In my humble opinion "YOU CAN'T HANDLE THE TRUTH"
The simple fact is that what I did last week I have done many times before and the outcome was either a profit or a break-even situation.
I have also told you exactly what I am doing this week and just to clarify a few points I will give you the exact details. Again, no hindsight required, as this trade will not finish until Saturday morning, August 3, 2013.
Last Tuesday, July 23 I bought a large number of AAPL CFDs at $418.95. Next day I sold a corresponding number of call option contracts, Strike $450, premium $1.70, expiry date July 26. On Saturday morning (July 27) AAPL ended up at $440.99, the options expired worthless and I collected all the premium income as profit.
Just before market close (5.50 a.m. Saturday, July 27) I sold the same number of call option contracts, Strike $450, premium $1.75, expiry date August 2. The GSL was moved to $418.90 which is slightly above break-even point.
450-440.99+1.75 = $10.76 (profit capped @ 10.76 for Apple >= $450)So, all I have to do is wait until Saturday morning, 6.00 a.m. when the options expire.
There are only three possible outcomes: AAPL ends up above $450 in which case I will have to sell my CFDs at a huge profit (remember I bought them at $418.95)
The second scenario is if AAPL ends up below $450 but above $418.95 in which case the options expire worthless (just as they did last week) and I collect all the premium income as profit.
The third scenario is if AAPL ends up below $418.90 in which case my CFDs are sold at $418.90, I'll lose 5 cents per share but still collect the call option premium of $1.75 per share and make a profit similar to that in the second scenario.
I would just like to jump in here and make a few quick points.
ASF members are never banned for expressing an opinion, or showing support for another ASF member. People are banned solely on the basis of behaviour that is in violation of ASF's rules. Spamming, insulting other ASF members, disrupting the forums, constant ramping or deliberately attempting to mislead other ASF members are some reasons that someone may be banned. Links to the Code of Conduct and Posting Guidelines can be found at the bottom of every page for those who would like to review them.
At the risk of being off topic, I am certain we're all now only too familiar with the adage:
"If the sock fits - wear it!"
posterior mitral leaflet??
Here is to the crazy ones. The rebels. The trouble- makers. The ones who see things differently. While some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.
When caught red handed and out of excuses, default to pseudo-motivational quote.
Are you by any chance a politician?
The reason many posters who have contacted me privately and shown their support, but have not come out openly on this forum is that they are afraid of being banned. It is as simple as that.
Alvin Purple
I posted an innocent comment on this forum and was immediately labelled a "sock puppet" and referred to as a troll and scammer see #319:
"Just how many sock puppets does this guy have up his sleeve? Is like half of ASF dormant sock puppets registered by trolls and scammers? "
Little wonder I have been reluctant to contribute further. Joe Blow, is this a form of insulting and if so should the offending member now be banned or at least warned and asked to apologize for this unprovoked act in terms of your advice above.
I have just placed the following trade:
Bought CFDs of SNDK at $54.83 with S/L @ $44.90, sold the corresponding number of September call options @12.90 at a strike price of $45.00.
Now all I have to do is wait until September 21 and I will either make a profit or break even and according to some of you I might even make a loss, but I don't think so.
Questioning the motives of others is not insulting them. Given that you have four posts in total and all of them are in this thread, it is not unreasonable for others to have suspicions about your motives.
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