Godlike Productions - Conspiracy Forum
Users Online Now: 3,122 (Who's On?)Visitors Today: 1,757,811
Pageviews Today: 2,351,688Threads Today: 509Posts Today: 9,964
02:49 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.

 
Anonymous Coward
User ID: 39924906
United States
08/21/2013 04:17 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Buy a cpl thousand houses in detroit. I hear where there is "blood on the streets" (proverbially) there is a killing to be made!
HL Shancken (OP)

User ID: 43079490
United States
08/27/2013 11:31 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
By happy circumstance I wasn't able to put my money to use until yesterday, and I caught the top almost perfectly, making my first trades in the morning about an hour after the open, and my final ones right around the start of the final hour.

Lacking any good and precise suggestions, I went with the old QID and SDS. I ended up buying 5 QID Jan22 @.99, 10 Oct21 @.59, and 5 Sep22 @.19. As for SDS, I bot 5 Jan42 @1.53, and 10 Oct40 @.95.

I haven't sold and likely won't this week, unless I dump the Sep QID.


The account stands at 4737.50.
Useless Cookie Eater

User ID: 29696048
United States
08/27/2013 11:38 PM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
By happy circumstance I wasn't able to put my money to use until yesterday, and I caught the top almost perfectly, making my first trades in the morning about an hour after the open, and my final ones right around the start of the final hour.

Lacking any good and precise suggestions, I went with the old QID and SDS. I ended up buying 5 QID Jan22 @.99, 10 Oct21 @.59, and 5 Sep22 @.19. As for SDS, I bot 5 Jan42 @1.53, and 10 Oct40 @.95.

I haven't sold and likely won't this week, unless I dump the Sep QID.


The account stands at 4737.50.
 Quoting: HL Shancken


Strike price on those options? 1dunno1
HL Shancken (OP)

User ID: 43079490
United States
08/27/2013 11:40 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
By happy circumstance I wasn't able to put my money to use until yesterday, and I caught the top almost perfectly, making my first trades in the morning about an hour after the open, and my final ones right around the start of the final hour.

Lacking any good and precise suggestions, I went with the old QID and SDS. I ended up buying 5 QID Jan22 @.99, 10 Oct21 @.59, and 5 Sep22 @.19. As for SDS, I bot 5 Jan42 @1.53, and 10 Oct40 @.95.

I haven't sold and likely won't this week, unless I dump the Sep QID.


The account stands at 4737.50.
 Quoting: HL Shancken


Strike price on those options? 1dunno1
 Quoting: Useless Cookie Eater




Diabetes is the leading cause of blindness. Lay off the cookies! The strikes are right there after the month.
Useless Cookie Eater

User ID: 29696048
United States
08/27/2013 11:45 PM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
By happy circumstance I wasn't able to put my money to use until yesterday, and I caught the top almost perfectly, making my first trades in the morning about an hour after the open, and my final ones right around the start of the final hour.

Lacking any good and precise suggestions, I went with the old QID and SDS. I ended up buying 5 QID Jan22 @.99, 10 Oct21 @.59, and 5 Sep22 @.19. As for SDS, I bot 5 Jan42 @1.53, and 10 Oct40 @.95.

I haven't sold and likely won't this week, unless I dump the Sep QID.


The account stands at 4737.50.
 Quoting: HL Shancken


Strike price on those options? 1dunno1
 Quoting: Useless Cookie Eater




Diabetes is the leading cause of blindness. Lay off the cookies! The strikes are right there after the month.
 Quoting: HL Shancken


lol

I assumed that was the current spot price you paid.
I don't deal with the "ultrashort" indexes much.
I will take a look at them.

Hope your trades go well.
Anonymous Coward
User ID: 32716157
United States
08/27/2013 11:46 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
First I want to say that I am an experienced options buyer. I have no interest in selling puts or calls, naked or covered. I have no interest in complex trades. I buy and sell calls and puts, and that's it. I place directional bets and let the chips fall where they may. Being eternally pessimistic about the future of the economy now that the Communists have more or less officially taken over, I am and have been for a long time only inclined to short this market. It took me until 2010 to finally run out of money shorting this market and I have not made a trade since. Now I have raised a very small stake and I intend to short it again. Before you admonish me to be careful or try to explain how rigged the market is, let me just say that buying puts or calls is inherently very dangerous to the wallet, but it is a way to put your money where your mouth is, and sometimes that pays off in a big way. The markets, I know, are to a great degree rigged. It is true that our current state of affairs could go on indefinitely, as Nyquist warned in one of his recent columns, but there are also reasons to believe that it will not, and in fact it could be that a collapse is imminent, as so many GLP and Zerohedge headlines proclaim (and have throughout this multiyear great bull run).

This will be the first time trading options and stocks that I won't be in front of a computer during market hours. This could be for the best, for it will force me into longer-dated strikes.

Suggestions more or less wanted.
 Quoting: HL Shancken


I think it you would do well to add some SLV calls too: I'm long Oct 26's and April 30's. Good luck!
 Quoting: Anonymous Coward 8869251



Silver has certainly been on a tear as of late, but I think I'm going to stick with physical, which I have in a small amount. But now that I look at how cheap the calls are it might be worth a bit of a ponder. Still and all, I think PMs are for holding in your hands. I might do the Apr14 but I think I'll pass on the Oct13
 Quoting: HL Shancken


I hold physical as well, but nothing beats the gains that can be made when silver cuts loose. The calls I recommended to you have already doubled......
HL Shancken (OP)

User ID: 43079490
United States
08/27/2013 11:51 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
By happy circumstance I wasn't able to put my money to use until yesterday, and I caught the top almost perfectly, making my first trades in the morning about an hour after the open, and my final ones right around the start of the final hour.

Lacking any good and precise suggestions, I went with the old QID and SDS. I ended up buying 5 QID Jan22 @.99, 10 Oct21 @.59, and 5 Sep22 @.19. As for SDS, I bot 5 Jan42 @1.53, and 10 Oct40 @.95.

I haven't sold and likely won't this week, unless I dump the Sep QID.


The account stands at 4737.50.
 Quoting: HL Shancken


Strike price on those options? 1dunno1
 Quoting: Useless Cookie Eater




Diabetes is the leading cause of blindness. Lay off the cookies! The strikes are right there after the month.
 Quoting: HL Shancken


lol

I assumed that was the current spot price you paid.
I don't deal with the "ultrashort" indexes much.
I will take a look at them.

Hope your trades go well.
 Quoting: Useless Cookie Eater




They are by their nature very short-term trading vehicles, but if held during a sustained downtrend, the compounding greatly enhances value. Each of these are 2x inverse etfs, QID being an inverse representation of QQQ, while SDS is modeled on the SP500. They are very popular etfs and have lost a great many people money, but on the other hand, during a period such as in 2008-9, have made some people rich. They are rather irresistible to me.
mr_brightside74

User ID: 32724772
United States
08/27/2013 11:54 PM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Fuck me, I know nearly nothing of what is being discussed here but I find it intriguing nonetheless. OP, I think you're a badass. I don't know why but I dig it.
Mr. Brightside
HL Shancken (OP)

User ID: 43079490
United States
08/27/2013 11:55 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
First I want to say that I am an experienced options buyer. I have no interest in selling puts or calls, naked or covered. I have no interest in complex trades. I buy and sell calls and puts, and that's it. I place directional bets and let the chips fall where they may. Being eternally pessimistic about the future of the economy now that the Communists have more or less officially taken over, I am and have been for a long time only inclined to short this market. It took me until 2010 to finally run out of money shorting this market and I have not made a trade since. Now I have raised a very small stake and I intend to short it again. Before you admonish me to be careful or try to explain how rigged the market is, let me just say that buying puts or calls is inherently very dangerous to the wallet, but it is a way to put your money where your mouth is, and sometimes that pays off in a big way. The markets, I know, are to a great degree rigged. It is true that our current state of affairs could go on indefinitely, as Nyquist warned in one of his recent columns, but there are also reasons to believe that it will not, and in fact it could be that a collapse is imminent, as so many GLP and Zerohedge headlines proclaim (and have throughout this multiyear great bull run).

This will be the first time trading options and stocks that I won't be in front of a computer during market hours. This could be for the best, for it will force me into longer-dated strikes.

Suggestions more or less wanted.
 Quoting: HL Shancken


I think it you would do well to add some SLV calls too: I'm long Oct 26's and April 30's. Good luck!
 Quoting: Anonymous Coward 8869251



Silver has certainly been on a tear as of late, but I think I'm going to stick with physical, which I have in a small amount. But now that I look at how cheap the calls are it might be worth a bit of a ponder. Still and all, I think PMs are for holding in your hands. I might do the Apr14 but I think I'll pass on the Oct13
 Quoting: HL Shancken


I hold physical as well, but nothing beats the gains that can be made when silver cuts loose. The calls I recommended to you have already doubled......
 Quoting: Anonymous Coward 32716157



I can't fault your pick one bit. However, given the recent run, I feel I've missed the boat to some extent. Also, silver's price, unlike that of gold, is to a large degree dependent on industrial demand, which will plummet as oil spikes higher. I'm a fan of silver, but it has underperformed for decades, as far as I'm concerned, even given its run to 50 a couple years ago. I see no signs it is aiming to get back to its 2,000 year-old ratio to gold.
HL Shancken (OP)

User ID: 43079490
United States
08/27/2013 11:59 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
OP is a fuking noob who watches CNBC all day and plays with his nut sack each time Cramer comes on yelling and pushing sound buttons sockpuppet
 Quoting: Anonymous Coward 45663593




Mr. Brightside says I'm a badass.
Useless Cookie Eater

User ID: 29696048
United States
08/28/2013 12:00 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
...


Strike price on those options? 1dunno1
 Quoting: Useless Cookie Eater




Diabetes is the leading cause of blindness. Lay off the cookies! The strikes are right there after the month.
 Quoting: HL Shancken


lol

I assumed that was the current spot price you paid.
I don't deal with the "ultrashort" indexes much.
I will take a look at them.

Hope your trades go well.
 Quoting: Useless Cookie Eater




They are by their nature very short-term trading vehicles, but if held during a sustained downtrend, the compounding greatly enhances value. Each of these are 2x inverse etfs, QID being an inverse representation of QQQ, while SDS is modeled on the SP500. They are very popular etfs and have lost a great many people money, but on the other hand, during a period such as in 2008-9, have made some people rich. They are rather irresistible to me.
 Quoting: HL Shancken


One word of immediate advice....trailing stops.
...especially if you are going to try and hold on to these options.
Money management is a major issue for you in not losing your ass...lol...as we discussed earlier in the thread.

SO......

Use Trailing Stops to Protect Option Profits
[link to investorplace.com]


MONEY MANAGEMENT my friend.

Cut your losses....let the profits run.
The idea is to make the losses "minor" and the profit/gains "MAJOR".

Don't stand out there naked. butt
mr_brightside74

User ID: 32724772
United States
08/28/2013 12:01 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Silver to gold ratio dropped 10 pts in 30 days. OP are you saying it won't last and or wont drop further?

Last Edited by mr_brightside74 on 08/28/2013 12:04 AM
Mr. Brightside
Morpheus

User ID: 38681004
United States
08/28/2013 12:02 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
What do you think about QID ?
HL Shancken (OP)

User ID: 43079490
United States
08/28/2013 12:03 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
...




Diabetes is the leading cause of blindness. Lay off the cookies! The strikes are right there after the month.
 Quoting: HL Shancken


lol

I assumed that was the current spot price you paid.
I don't deal with the "ultrashort" indexes much.
I will take a look at them.

Hope your trades go well.
 Quoting: Useless Cookie Eater




They are by their nature very short-term trading vehicles, but if held during a sustained downtrend, the compounding greatly enhances value. Each of these are 2x inverse etfs, QID being an inverse representation of QQQ, while SDS is modeled on the SP500. They are very popular etfs and have lost a great many people money, but on the other hand, during a period such as in 2008-9, have made some people rich. They are rather irresistible to me.
 Quoting: HL Shancken


One word of immediate advice....trailing stops.
...especially if you are going to try and hold on to these options.
Money management is a major issue for you in not losing your ass...lol...as we discussed earlier in the thread.

SO......

Use Trailing Stops to Protect Option Profits
[link to investorplace.com]


MONEY MANAGEMENT my friend.

Cut your losses....let the profits run.
The idea is to make the losses "minor" and the profit/gains "MAJOR".

Don't stand out there naked. butt
 Quoting: Useless Cookie Eater




Nope. Can't do it. Casey Jones does not square up to bunt.
HL Shancken (OP)

User ID: 43079490
United States
08/28/2013 12:06 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Silver to gold ratio dropped 10 pts today. OP are you saying it won't last and or wont drop further?
 Quoting: mr_brightside74




I'm saying that it's got a long, long way to go, and gold is more preferred among investors, from individuals to nation-states. I do think that silver will surpass its previous highs during this metals bull run.
HL Shancken (OP)

User ID: 43079490
United States
08/28/2013 12:06 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
What do you think about QID ?
 Quoting: Morpheus



I think I have 20 calls, which represent 2,000 shares, and I wish I had more.
Anonymous Coward
User ID: 1409758
United States
08/28/2013 12:06 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
I have a total of $2k calls on the following:

DRV exp 9/2013
FAZ exp 1/2014
NUGT exp 3/2014
UCO exp 1/2015
 Quoting: Anonymous Coward 1409758


kaboom on my UCO!

kaboom on my FAZ!

so so on my NUGT

so so on my DRV
Useless Cookie Eater

User ID: 29696048
United States
08/28/2013 12:07 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
...


lol

I assumed that was the current spot price you paid.
I don't deal with the "ultrashort" indexes much.
I will take a look at them.

Hope your trades go well.
 Quoting: Useless Cookie Eater




They are by their nature very short-term trading vehicles, but if held during a sustained downtrend, the compounding greatly enhances value. Each of these are 2x inverse etfs, QID being an inverse representation of QQQ, while SDS is modeled on the SP500. They are very popular etfs and have lost a great many people money, but on the other hand, during a period such as in 2008-9, have made some people rich. They are rather irresistible to me.
 Quoting: HL Shancken


One word of immediate advice....trailing stops.
...especially if you are going to try and hold on to these options.
Money management is a major issue for you in not losing your ass...lol...as we discussed earlier in the thread.

SO......

Use Trailing Stops to Protect Option Profits
[link to investorplace.com]


MONEY MANAGEMENT my friend.

Cut your losses....let the profits run.
The idea is to make the losses "minor" and the profit/gains "MAJOR".

Don't stand out there naked. butt
 Quoting: Useless Cookie Eater




Nope. Can't do it. Casey Jones does not square up to bunt.
 Quoting: HL Shancken


lol

I can see it already.....you you are going to repeat the same mistakes of your past (from what you told me).
OK...your money...your trades...
....but you better be watching those ticks like a HAWK or you are going to be in for some SERIOUS butthurt.
All it takes is one trip to the shitter and not paying attention for 5 minutes you are dead3

hide
Morpheus

User ID: 38681004
United States
08/28/2013 12:09 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
What do you think about QID ?
 Quoting: Morpheus



I think I have 20 calls, which represent 2,000 shares, and I wish I had more.
 Quoting: HL Shancken


Good to hear. I have some also.

gave you karma. Thanks

Last Edited by Morpheus on 08/28/2013 12:09 AM
Anonymous Coward
User ID: 45663593
United States
08/28/2013 12:09 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
OP is a fuking noob who watches CNBC all day and plays with his nut sack each time Cramer comes on yelling and pushing sound buttons sockpuppet
 Quoting: Anonymous Coward 45663593




Mr. Brightside says I'm a badass.
 Quoting: HL Shancken


Take those $3,000 and Puts them up your ass
buttdogpile
HL Shancken (OP)

User ID: 43079490
United States
08/28/2013 12:14 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
...




They are by their nature very short-term trading vehicles, but if held during a sustained downtrend, the compounding greatly enhances value. Each of these are 2x inverse etfs, QID being an inverse representation of QQQ, while SDS is modeled on the SP500. They are very popular etfs and have lost a great many people money, but on the other hand, during a period such as in 2008-9, have made some people rich. They are rather irresistible to me.
 Quoting: HL Shancken


One word of immediate advice....trailing stops.
...especially if you are going to try and hold on to these options.
Money management is a major issue for you in not losing your ass...lol...as we discussed earlier in the thread.

SO......

Use Trailing Stops to Protect Option Profits
[link to investorplace.com]


MONEY MANAGEMENT my friend.

Cut your losses....let the profits run.
The idea is to make the losses "minor" and the profit/gains "MAJOR".

Don't stand out there naked. butt
 Quoting: Useless Cookie Eater




Nope. Can't do it. Casey Jones does not square up to bunt.
 Quoting: HL Shancken


lol

I can see it already.....you you are going to repeat the same mistakes of your past (from what you told me).
OK...your money...your trades...
....but you better be watching those ticks like a HAWK or you are going to be in for some SERIOUS butthurt.
All it takes is one trip to the shitter and not paying attention for 5 minutes you are dead3

hide
 Quoting: Useless Cookie Eater




I'm not even able to watch the market while it's open except for the several times a day I check my Think or Swim mobile app. That fact can only help. I am prepared to lose a substantial amount on any trade. My thesis, however, is that a significant decline is in store for the market and it might already have started. If that is the case, the prudent and prosperous thing to do is to hold on to my positions for the duration. As expiry nears each month I will sell at opportune times and look to reshort during a rally. I'm not worried about anything because if I'm wrong and lose 3k, it's not the end of the world. It just means that I have to put another 3 grand into the game.
Useless Cookie Eater

User ID: 29696048
United States
08/28/2013 12:27 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
...


One word of immediate advice....trailing stops.
...especially if you are going to try and hold on to these options.
Money management is a major issue for you in not losing your ass...lol...as we discussed earlier in the thread.

SO......

Use Trailing Stops to Protect Option Profits
[link to investorplace.com]


MONEY MANAGEMENT my friend.

Cut your losses....let the profits run.
The idea is to make the losses "minor" and the profit/gains "MAJOR".

Don't stand out there naked. butt
 Quoting: Useless Cookie Eater




Nope. Can't do it. Casey Jones does not square up to bunt.
 Quoting: HL Shancken


lol

I can see it already.....you you are going to repeat the same mistakes of your past (from what you told me).
OK...your money...your trades...
....but you better be watching those ticks like a HAWK or you are going to be in for some SERIOUS butthurt.
All it takes is one trip to the shitter and not paying attention for 5 minutes you are dead3

hide
 Quoting: Useless Cookie Eater




I'm not even able to watch the market while it's open except for the several times a day I check my Think or Swim mobile app. That fact can only help. I am prepared to lose a substantial amount on any trade. My thesis, however, is that a significant decline is in store for the market and it might already have started. If that is the case, the prudent and prosperous thing to do is to hold on to my positions for the duration. As expiry nears each month I will sell at opportune times and look to reshort during a rally. I'm not worried about anything because if I'm wrong and lose 3k, it's not the end of the world. It just means that I have to put another 3 grand into the game.
 Quoting: HL Shancken


1) You are hanging your ass out for NO REASON.
You need to REALLY get onboard with money management techniques if you want to be profitable.

2) You CANNOT leave open positions and not be monitoring them....ESPECIALLY without stops!
....that is ANOTHER great way to lose your ass. gaah

3) The market decline will not occur until the Bernanke tapering begins. So you could lose your ass again just by jumping in now and expecting that to happen.
WAIT....be PATIENT. There will be technical signals and fundamental signals (and news) when it's going to happen.
Too early yet.

4) There is no need for you to be losing $3000 or even have that expectation.
You have paid enough "tuition" in your learning already. The problem is....YOU ARE NOT PAYING ATTENTION TO WHAT YOU HAVE LEARNED.


I REALLY hope it goes well for you....but you are being silly and rather naive in your approach and philosophy.
It's clear you know you could lose your ass....but you refuse to do anything that will mitigate that potential risk. I don't understand the stubbornness to cover your ass (CYA) 1dunno1

hometrdr

Last Edited by Useless Cookie Eater on 08/28/2013 12:29 AM
Anonymous Coward
User ID: 34127543
United States
08/28/2013 12:37 AM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Short TSLA March 2014 Puts @ 130 strike for $15.70 and you will double your money within' 5 months.

Heed my advice and become rich.



5a
Useless Cookie Eater

User ID: 29696048
United States
08/28/2013 12:48 AM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Short TSLA March 2014 Puts @ 130 strike for $15.70 and you will double your money within' 5 months.

Heed my advice and become rich.



5a
 Quoting: Anonymous Coward 34127543


Sooooooooo.... you want us to short the PUTS?
...or buy them? 1dunno1 scratching


The stock trades at 160 bucks a share now.
You expect it to take a nosedive over the next year or so?

I can think of lots better trades than this with not having to tie my money up in ONE TRADE for that amount of time.
There is a great deal of opportunity cost there.

Last Edited by Useless Cookie Eater on 08/28/2013 12:53 AM
Useless Cookie Eater

User ID: 29696048
United States
08/28/2013 07:23 PM

Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
I think OP lost money today.

hiding
Bluepill

User ID: 1016088
United States
08/28/2013 07:39 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Hey OP. You sound a lot like me...LOL.

I called the 2008 crash almost spot on. Had about $8000.00 of far out of the money spy puts. Made $300,000.00 off that, paid taxes on it, and proceed to go all in with more puts...well, you know the end of this story. Really was looking for the market to hit 3000 and had a decent chance to make 10's of millions.

Well, i was out of the market for some time except for a few non directional calendar spreads which I still do today.

I don't think the market will crash just yet for the simple reason too many people are talking about it, especially in the MSM. But I am presently "collecting" a postion in spy SEPT 14 puts, 50 strike. Will just put a few thousand in and see what happens.
Bluepill

User ID: 1016088
United States
08/28/2013 07:40 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Hey OP. You sound a lot like me...LOL.

I called the 2008 crash almost spot on. Had about $8000.00 of far out of the money spy puts. Made $300,000.00 off that, paid taxes on it, and proceed to go all in with more puts...well, you know the end of this story. Really was looking for the market to hit 3000 and had a decent chance to make 10's of millions.

Well, i was out of the market for some time except for a few non directional calendar spreads which I still do today.

I don't think the market will crash just yet for the simple reason too many people are talking about it, especially in the MSM. But I am presently "collecting" a postion in spy SEPT 14 puts, 50 strike. Will just put a few thousand in and see what happens.
Bluepill

User ID: 1016088
United States
08/28/2013 07:40 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Hey OP. You sound a lot like me...LOL.

I called the 2008 crash almost spot on. Had about $8000.00 of far out of the money spy puts. Made $300,000.00 off that, paid taxes on it, and proceed to go all in with more puts...well, you know the end of this story. Really was looking for the market to hit 3000 and had a decent chance to make 10's of millions.

Well, i was out of the market for some time except for a few non directional calendar spreads which I still do today.

I don't think the market will crash just yet for the simple reason too many people are talking about it, especially in the MSM. But I am presently "collecting" a postion in spy SEPT 14 puts, 50 strike. Will just put a few thousand in and see what happens.
Bluepill

User ID: 1016088
United States
08/28/2013 07:40 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Hey OP. You sound a lot like me...LOL.

I called the 2008 crash almost spot on. Had about $8000.00 of far out of the money spy puts. Made $300,000.00 off that, paid taxes on it, and proceed to go all in with more puts...well, you know the end of this story. Really was looking for the market to hit 3000 and had a decent chance to make 10's of millions.

Well, i was out of the market for some time except for a few non directional calendar spreads which I still do today.

I don't think the market will crash just yet for the simple reason too many people are talking about it, especially in the MSM. But I am presently "collecting" a postion in spy SEPT 14 puts, 50 strike. Will just put a few thousand in and see what happens.
Bluepill

User ID: 1016088
United States
08/28/2013 07:40 PM
Report Abusive Post
Report Copyright Violation
Re: I Am Going to Buy Puts Totaling $3,000 This Week. GLP Invited to Suggest Underlying, Strikes, Dates, Etc.
Hey OP. You sound a lot like me...LOL.

I called the 2008 crash almost spot on. Had about $8000.00 of far out of the money spy puts. Made $300,000.00 off that, paid taxes on it, and proceed to go all in with more puts...well, you know the end of this story. Really was looking for the market to hit 3000 and had a decent chance to make 10's of millions.

Well, i was out of the market for some time except for a few non directional calendar spreads which I still do today.

I don't think the market will crash just yet for the simple reason too many people are talking about it, especially in the MSM. But I am presently "collecting" a postion in spy SEPT 14 puts, 50 strike. Will just put a few thousand in and see what happens.

News