Monday, May 23, 2011

Just bought Puts on ACME Packet (APKT)


I am using this stock as another hedge on the overall weakness I am seeing. I took a small position in the June contract. If it fails to hold the MA, it could fill that gap to $60.

Again, a small position....nothing to bet the farm on as this is risky better on a MA failure. But if it does, watch out below. Of course this piece of shit could reverse and hit $90. Lets see if we get some more weakness in the overall markets to cash in.

You cant go broke buying .30-.50 puts. Enjoy.

13 comments:

  1. Why so far out of the money?

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  2. lol you're just buying the puts because you hate the name of this stock. Admit it SGS.

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  3. What kind of market selloff are we going to need to get people to dump their freaking NFLX! The damn thing is up today some how. This damn stock seems to trade higher no matter what.

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  4. JD: I trade premiums not the underlying. .30 may turn into $2. That a lot of fiat to then turn into PHYZZ.

    Cap: yes, a primary reason is the name. I'm being serious.

    NFLX is the story stock, attracting lots of sheep going long.

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  5. The puts on dell seem awfully inexpensive.

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  6. dell has narrow trading range and if it blips down $1, spread to make is .05, not touching it....that really needs to get hammered in order to cash in

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  7. Thanks! Good to know.

    SLW is really making me "sit tight and be right" but it is getting really old.

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  8. Wyle E. Coyote is gonna be pissed.

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  9. I just took the plunge...why not?

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  10. Oh My God... I Have seen it all!!!! If you want a good laugh watch this dudes video... he is seriously telling people to sell gold and silver and buy the Zimbabwe dollar! lol.. go rip his ass!!
    http://www.youtube.com/watch?v=faSP6EZH324&feature=related

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  11. I been riding SPXU for almost a week with little upside action until today. Hopefully this is the beginning of the slide before more QE.

    SLW - fuhget about it, that shit IS getting old. Feels better than SLV though.

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  12. @Patrick, I think this guy might have been joking, but even if he's serious, I wouldn't laugh. He will probably be better of than anyone that has invested their retirement in a 401k.

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  13. SGS - where do you stand on the ACME Fuckit stock? I'm training myself to trade and followed it down for $2 on IGIndex (for a grand total £50 profit) then took some "profits". It still looks like it wants to go down though and hit that gap you spoke of.

    Any thoughts? Thanks.

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