- 30,139
- 21,548
- Joined
- Dec 23, 2009
Anyone else excited for VLO tomorrow? Bought an Aug 69.5 call. Hoping for a little pop to turn a quick, small profit.
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
- 10,915
- 2,735
- Joined
- Apr 30, 2011
Don't pay too much attention to oil companies, but do they change much after ERs? I feel like they don't from what I've seen with CVX & XOM.
- 30,139
- 21,548
- Joined
- Dec 23, 2009
Depends. VLO has been a great company the past year despite the oil volatility, and I'm betting that that'll continue tomorrow. With the bad news from everyone else thus far I'm hoping it won't take much for their demand to rise.
But in the end I'm just speculating and hoping my bet was placed in the right direction.
But in the end I'm just speculating and hoping my bet was placed in the right direction.
- 30,139
- 21,548
- Joined
- Dec 23, 2009
I don't ******* get it 
Record quarter, beat key metrics, stock gets murdered. Was there some terrible guidance on the call or something? Has VLO even had their earnings call? ******* pissed right now.
Record quarter, beat key metrics, stock gets murdered. Was there some terrible guidance on the call or something? Has VLO even had their earnings call? ******* pissed right now.
- 9,025
- 8,119
- Joined
- Mar 10, 2013
Welcome to AAPL's last earnings report. Revenue growth of 30%+ but a P/E of 14? Cannot be real life.I don't ******* get itRecord quarter, beat key metrics, stock gets murdered. Was there some terrible guidance on the call or something? Has VLO even had their earnings call? ******* pissed right now.
Last edited:
- 74,750
- 24,145
- Joined
- Apr 4, 2008
Welcome to the world of earnings trading.
Hope you didn't risk more than you can afford to lose. ER are crapshoots.
Had some AAPL 121 puts. Meant to sell half at the lows but fat fingered the entire order. Worked out pretty well since I basically low-ticked it. Nice little gain (.23 entry .37 exit), probably done with the week unless there's a juicy butterfly I can do later for earnings risking like 50 bucks.
Hope you didn't risk more than you can afford to lose. ER are crapshoots.
Had some AAPL 121 puts. Meant to sell half at the lows but fat fingered the entire order. Worked out pretty well since I basically low-ticked it. Nice little gain (.23 entry .37 exit), probably done with the week unless there's a juicy butterfly I can do later for earnings risking like 50 bucks.
Last edited:
- 30,139
- 21,548
- Joined
- Dec 23, 2009
I risked $40 
Just frustrating. But been down this road before, so whatever. Just gotta expect it goes this way sometimes.
Just frustrating. But been down this road before, so whatever. Just gotta expect it goes this way sometimes.
- 74,750
- 24,145
- Joined
- Apr 4, 2008
Oh you'll be fine
I usually just trade spreads on earnings with that week's options expiry. Take the at the money straddle, add it to the stock price for your upside target, subtract it for your downside target, and piece together a spread from there (picking the direction you feel most likely) that gives you at least 3 to 1 risk reward.
For example: TWTR is at 30, straddle is $4, targets 34 or 26. I think it's going lower, might do a 28-26 put spread if it costs .50 or less, or 27-26 if it costs .30 or less.
I usually just trade spreads on earnings with that week's options expiry. Take the at the money straddle, add it to the stock price for your upside target, subtract it for your downside target, and piece together a spread from there (picking the direction you feel most likely) that gives you at least 3 to 1 risk reward.
For example: TWTR is at 30, straddle is $4, targets 34 or 26. I think it's going lower, might do a 28-26 put spread if it costs .50 or less, or 27-26 if it costs .30 or less.
Last edited:
- 30,139
- 21,548
- Joined
- Dec 23, 2009
I usually play straddles too. But the one time I go into it thinking it's foolproof, it blows up in my face C'est la vie.
C'est la vie.
- 10,915
- 2,735
- Joined
- Apr 30, 2011
Dude genuinely mad about a $40 gamble
- 30,139
- 21,548
- Joined
- Dec 23, 2009
$40 is $40 I'm not upset. I'll just wait for the bounce and close the position for a small loss if a loss at all. Not sweating it. Now if I had put real $ on the line, maybe a different story.
I'm not upset. I'll just wait for the bounce and close the position for a small loss if a loss at all. Not sweating it. Now if I had put real $ on the line, maybe a different story.
- 74,750
- 24,145
- Joined
- Apr 4, 2008
- 8,075
- 3,507
- Joined
- Dec 14, 2003
Beginners question: If one company buys the other, does the stock merge?
- 1,784
- 355
- Joined
- May 14, 2001
^ depends on the terms of the deal I guess. The deals I hear about the acquired company shareholders get either cash for their shares (they get bought out at the agreed upon price which is usually more than the current price) or they can convert their shares to the buying company or new company if a merger. Hope this makes some sense
- 8,075
- 3,507
- Joined
- Dec 14, 2003
- 9,025
- 8,119
- Joined
- Mar 10, 2013
Copped a little more AAPL today at $121.50
Wanna see this joint POP.
Wanna see this joint POP.
- 6,846
- 5,940
- Joined
- Jun 11, 2014
Waiting for AAPL to fall a little more... scooped alcoa this morn
- 17,697
- 2,714
- Joined
- Mar 14, 2006
IHG price is gonna have a slight surge, always seems to happen when talks of a merger/buyout come up. The company who will be bought stock pops then drops
- 74,750
- 24,145
- Joined
- Apr 4, 2008
just know if you hear rumors a lot of times it's just noise so dont get hopeful and ride the drop when nothing materializes. take some off into the pop, leave some on for a runner and raise your stop in case it's just noise.
- 9,025
- 8,119
- Joined
- Mar 10, 2013
Yeah that's basically what i've been doing. I'm not really a trader, but I have been trading AAPL a little bit between the low 120's and high 120's. I'm happy with the number of shares I have on either side of the trade, if ya dig. Basically 'trading' with about 25% of my shares.
- 10,915
- 2,735
- Joined
- Apr 30, 2011
Buy the rumor, sell the news amirite?
- 74,750
- 24,145
- Joined
- Apr 4, 2008
trading around a core
it's a good move.
- 1,784
- 355
- Joined
- May 14, 2001
Yea I prefer to trade around a core on my bigger picture ideas so I can give room to add without stressing nickels and dimes. Like on ITEK my starter short was around 17 so small size gave me a wider stop. I find this lets the trade work for me or proves me wrong. Either way being comfortable with the potential loss is crucial. Take emotions out of it. Having the core position also gets rid of the "fear of missing out" for me on the home run type setups and allows me to be patient
- 74,750
- 24,145
- Joined
- Apr 4, 2008
Got stopped in some FB puts this morning, small loss. Had a nice entry in TWTR puts but took them off prematurely, could've erased the day's losses but didn't give it time even though it eventually hit the target I was looking for upon entry. Gotta be comfortable and let trades play out, knowing my risk and the trend.
- 7,728
- 3,807
- Joined
- Jul 7, 2011
We might be at the beginning of a much needed correction.
Similar threads
