Deleted
Deleted Member
Posts: 0
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Post by Deleted on Mar 3, 2015 16:10:46 GMT -8
He's a music genius, can't deny/begrudge his success. Tho his next album should be called Self Aware You forgot the /s. Yeah, he's made a few decent songs but that's a million song sheets away from "music genius" if you were serious. Obama pegged him exactly right: "He's a jackass."
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mark
fire starter
Posts: 1,556
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Post by mark on Mar 3, 2015 16:41:14 GMT -8
I just got approval to sell naked puts and I am oiling my guns. May I ask the more enlightened here for their opinion of my latest bright idea? I don't know enough about options to explain this in the proper terms, so please forgive the country boy description. As I have said earlier, I will hold Apple if it drops to 50. I bought it in 2008 when it dropped from 180 to 90 and I bought it in June 2013 when it had dropped from 712 to under 400. Given that, I intended to sell naked puts against my shares about 20 points below the current price with a sell order on the shares at the strike price. For example, I would sell 50 Jan 17 put contacts with a strike of 100. At the same time, I would create a standing sell order if the share price dropped below 100. If we drop to 100, I sell the shares, get assigned and I own the stock again and keep the profit from the puts. I have described this in a previous post while I was waiting for approval to sell naked options and I appreciate the response from the board. Now I want to take this a step further. When I sell the 50 puts at 100, I will also sell 50 puts each at 90, 80, 70 and 60. Of course, I hope they expire worthless, but if we fell to 60, I would exercise the same strategy all the way down. Sell, get assigned, sell, get assigned. Is there a name for this laddered approach? Given that my alternative is to hold all the way down to 60, what is the relative risk? I just realized that a overnight drop from 100 to 60 would obligate me to 5*5000 shares. OK...a good idea, but not a great idea What if you don't get assigned? Or worse, what if it drops below your limit order, you sell your shares, then you don't get assigned, and then the stock moves up again? The way I use naked puts is to sell them at a price (strike minus premium for net price) that I am willing to purchase the shares at. Most recently (for still open positions) I sold a bunch of Jan '16 450 puts at around 50 bucks because I was willing to buy all those shares for a net price of about 400. The way things are going now, I am unlikely to be assigned *any* of those shares and I will have to be satisfied with keeping the premium I was paid for those options. I also sold some Feb 6, 2015 95's which expired worthless a few weeks ago.
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Post by gtrplyr on Mar 3, 2015 18:15:53 GMT -8
He's a music genius, can't deny/begrudge his success. Tho his next album should be called Self Aware Kanye is far from a musical genius. I believe Douchbag would be a fitting term. Someone should have decked his ass when he ran up on stage .... He and his wife could possible be the most annoying couple on earth today .... I pray for their offspring.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Mar 3, 2015 18:27:07 GMT -8
He's a music genius, can't deny/begrudge his success. Sure I can. Kanye sucks. The taste of the public sucks. Loser.com.
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Post by phoebear611 on Mar 3, 2015 18:50:54 GMT -8
I just got an email from someone who claims to be AAPL saying they think someone is using my account and I should click on the provided link. It looks pretty authentic but I'm not buying it. To begin with - the email they came in on isn't one I use with AAPL ever...so how the hell would they be contacting me on that specific email address. Has anyone gotten these phishing emails lately from AAPL?
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Post by Luckychoices on Mar 3, 2015 18:57:39 GMT -8
He's a music genius, can't deny/begrudge his success. Tho his next album should be called Self Aware Obama pegged him exactly right: "He's a jackass." Fixed it for you.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Mar 3, 2015 19:14:08 GMT -8
Phoebear, obviously you made the right call. I tapped-and-held on a legit looking link once in iOS Mail (to reveal the true link without visiting) and sure enough - they spoofed the text link somehow.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Mar 3, 2015 19:14:40 GMT -8
Lots of Kanye fans I see. Me, whatever.
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Post by artman1033 on Mar 3, 2015 21:25:22 GMT -8
I just got an email from someone who claims to be AAPL saying they think someone is using my account and I should click on the provided link. It looks pretty authentic but I'm not buying it. To begin with - the email they came in on isn't one I use with AAPL ever...so how the hell would they be contacting me on that specific email address. Has anyone gotten these phishing emails lately from AAPL? Don't click on it. It is just a phishing thingy. They simply assume you have an iPhone or iTunes account. I used to get ones like that from Paypal.
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