Monday, December 13, 2010
A quick trade this morning
I had a little extra maintenance funds this morning so I sold some NFLX 170 puts for this last few days of Dec. This gives me only a little less than 5 days for the stock to drop over 22 pts. The return was 1.36%, so not bad for a 5 day trade with plenty of cushion. I seem to be stuck in the NFLX mode. The premiums are the best I can find at this time, but I still don't like having all my eggs in one basket. I will be looking hard for some other ideas for the coming Jan puts.
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12 comments:
just curious why you didnt jump on fslr again this week. i sold 110 at a fair price and these things are alot less headache than those darn netflix. they have a real good premium right now and some good news with a pe ration of only 18. i still stayed around the 2.0 percent mark but these are working nice.
Hi fish, I probably should have... I don't really trust the solar industry all that much but with enough cushion, I do use it now and then.
NFLX is a good stock to short or sell naked calls. I would probably stay away from selling naked puts....beware....this stock's target price is set at $78 due to expected contraction of the P/E ratio due to increasing competition from GOOG, AAPL and AMZN. You could try selling puts on safer plays like AMZN and AAPL.
Take a look at BIDU Jan $60. Not the highest return (about 4.3 to 4.5% by my calculations), but looks like a stable price level, and no earnings report until Feb. On the down side, it is China stock, so who knows...
Sorry, I mean the BIDU Jan $85. -Bill
Looking at a weekly chart of NFLX gives me a headache. I am glad I am not in this stock right now, its anyones guess in which direction its going to swing another 5%. Good Luck All!
i agree on netflix. it sucks..
How funny... I did 170 NFLX on Fri and w/ big Monday drop, I stopped out... I'm wondering if it is "GREEDY" to get back in since I see such a strong support at 180 (I expect a bounce back up) and only a few days left. I know I should say this, but it could make up for the lost (double risk - 0.25 put stopped at 0.50) from Fri-Mon. I saw there is lots of data coming today, so I'll probably wait til tomorrow and make it a 165 put to be "conservative"... :-)
I meant I should NOT say this...
NFLX Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!
Is it Friday yet??
The only thing saving me this week so far is LVS LULU and AMZN Gezzzzzzzz
NFLX S2 on person pivots is 176.00 looks like it should be there any sec. now
Covered my 175's and sold 165 at .77
Still have the larger position at 170
Come on Friday.
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