Sell AZO - AutoZone, Inc. - Page 2

Strohem · 01-14-2010, 08:25 PM

Originally Posted by Greg Magadini

TIA
5 put contracts isn't necessarily short 500 shares. You must identify the
Delta and then multiply the Delta by 5. That will give you the equivalent of the per share position... Then trade that accordingly to your account size.

Thanks for the reply, Greg. In that case, I should have stated ~280 shares shorted (3 contracts). Once this is solved, what next?

Still, what I'm curious to know is whether it was a recommended sizing or an arbitrary one? I'm hoping the OP will chime in.

Additional thoughts/discussion appreciated. Thanks.

MS

Strohem · 01-14-2010, 08:28 PM

Originally Posted by optionguy

Actually in the emails, they recommend 10% or less of your account. I am using a bit more than that I think....but I need the money, trying to raise $30,000 by April 30, 2009 as down payment to buy a house. But I just decided 5 puts. And 5 puts is 500 shares, but again from what I read options are leveraged, so my actual cost is smaller than shorting the actual stock.

Just saw your reply after I posted... Thanks.

optionguy · 01-27-2010, 10:14 PM

Finally closed out BBY feb. 40 puts. I got out at $3.20, and made $758.60 on this trade. Gains including this trade is now $2,483.00.

pdtpatrick · 02-02-2010, 07:58 PM

Originally Posted by Greg Magadini

Finally another Options Guy!!!

I think NOT! haha.

Well I looked at AZO since i last played them. Looks like we might see $159 - $160.

optionguy · 02-03-2010, 06:38 AM

nice chart

optionguy · 02-03-2010, 06:47 AM

Sorry haven't kept up, but I did get new trade signals from Home. I had sold those 2 SEED spread for a loss of -$275.1

Loss on 2 AAPL spread was -369.1

Had brought my gains down to $1,838.80.

New trades I got, Bought 4 CVD Feb 60 puts at 2.90

bought 5 CAKE mar 20 calls at 2.20, and bought 4 FFIV Feb 50 calls at $1.95

noiz6543 · 02-05-2010, 03:54 PM

When did all this spam start occuring, it's really out of control lately

optionguy · 02-07-2010, 11:19 AM

not sure when those scams started, but the market had a nice day on Friday. I think we can all say that. I sold mine CVD puts for a nice profit. But also sold my FFIV calls for a loss, and still holding CAKE calls (losing trade so far though).

optionguy · 02-11-2010, 07:03 AM

Had sold the CVD at 5.5 for gain of $1024.90 and the FFIV loss was -395.10. Still, my gains are a nice $2,468.60.

Also looks like the CAKE position is a gain now.

optionguy · 02-11-2010, 09:49 AM

The trade from yesterday was to buy APOL February 60 puts at $1.80 or less. With the extra cash I have now, I bought 8 APOL february 60 puts at 1.75 yesterday. Hopefully they can give me another nice profit. Got these trades from ykoptions.com.

01-27-2010, 10:14 PM	#13
optionguy Junior Trader Join Date: Jan 2010 Location: New York Posts: 14 Favorites: AAPL, AMZN, AMR Rep Power: 9 Reputation: 15	Finally closed out BBY feb. 40 puts. I got out at $3.20, and made $758.60 on this trade. Gains including this trade is now $2,483.00.
	Rate this post \|

02-03-2010, 06:38 AM	#15
optionguy Junior Trader Join Date: Jan 2010 Location: New York Posts: 14 Favorites: AAPL, AMZN, AMR Rep Power: 9 Reputation: 15	nice chart
	Rate this post \|

02-03-2010, 06:47 AM	#16
optionguy Junior Trader Join Date: Jan 2010 Location: New York Posts: 14 Favorites: AAPL, AMZN, AMR Rep Power: 9 Reputation: 15	Sorry haven't kept up, but I did get new trade signals from Home. I had sold those 2 SEED spread for a loss of -$275.1 Loss on 2 AAPL spread was -369.1 Had brought my gains down to $1,838.80. New trades I got, Bought 4 CVD Feb 60 puts at 2.90 bought 5 CAKE mar 20 calls at 2.20, and bought 4 FFIV Feb 50 calls at $1.95
	Rate this post \|

02-05-2010, 03:54 PM	#17
noiz6543 Trader Join Date: May 2009 Location: Edmonton Posts: 58 Favorites: XL Rep Power: 19 Reputation: 34	When did all this spam start occuring, it's really out of control lately
	1 thumbs up / 0 thumbs down. Rate this post \|

02-07-2010, 11:19 AM	#18
optionguy Junior Trader Join Date: Jan 2010 Location: New York Posts: 14 Favorites: AAPL, AMZN, AMR Rep Power: 9 Reputation: 15	not sure when those scams started, but the market had a nice day on Friday. I think we can all say that. I sold mine CVD puts for a nice profit. But also sold my FFIV calls for a loss, and still holding CAKE calls (losing trade so far though).
	Rate this post \|

02-11-2010, 07:03 AM	#19
optionguy Junior Trader Join Date: Jan 2010 Location: New York Posts: 14 Favorites: AAPL, AMZN, AMR Rep Power: 9 Reputation: 15	Had sold the CVD at 5.5 for gain of $1024.90 and the FFIV loss was -395.10. Still, my gains are a nice $2,468.60. Also looks like the CAKE position is a gain now.
	Rate this post \|

02-11-2010, 09:49 AM	#20
optionguy Junior Trader Join Date: Jan 2010 Location: New York Posts: 14 Favorites: AAPL, AMZN, AMR Rep Power: 9 Reputation: 15	The trade from yesterday was to buy APOL February 60 puts at $1.80 or less. With the extra cash I have now, I bought 8 APOL february 60 puts at 1.75 yesterday. Hopefully they can give me another nice profit. Got these trades from ykoptions.com.
	Rate this post \|

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