Equity Options - Page 5 - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

BYU71 · 11-05-2007, 05:19 PM

Quote:

Originally Posted by hammer

78% a year over 25 years? You taking new clients?

NO. My minimum has gone up to $5million. Anyone who has $5 million isn't wasting their time on this board.

hyrum · 11-05-2007, 06:04 PM

Quote:

Originally Posted by BYU71

NO. My minimum has gone up to $5million. Anyone who has $5 million isn't wasting their time on this board.

They're paying you to do that for them?

Parrot Head · 11-06-2007, 02:03 AM

Quote:

Originally Posted by BYU71

My guess 95% of people who trade options lose money over the long run. That leaves the 5% of which FM and Nor Cal belong.

I spent a period with a hedge fund doing grunt work and most of what they were doing was based in QQQ options. After I finally got the hang of it, one day I mentioned to my super that the spread he was using didn't quite look like what I thought he wanted and that was what we had been doing for weeks. I think he had just realized that a few minutes before. I can't find their website online anymore.

FMCoug · 11-06-2007, 03:07 PM

Quote:

Originally Posted by FMCoug

Just bought some YHOO Jan 30 Calls at 4.10

Sold these at 2.67. -34%

BYU71 · 11-08-2007, 02:09 PM

Quote:

Originally Posted by FMCoug

Just bought some YHOO Jan 30 Calls at 4.10

Well I bought $10,000 worth of those calls and they are now worth about $4,000. Should I sell now, double down, or just sit tight.

By the way I don't blame you, I thought the market was going to go up and it has gone down.

BYU71 · 11-08-2007, 02:09 PM

Quote:

Originally Posted by BYU71

Well I bought $10,000 worth of those calls and they are now worth about $4,000. Should I sell now, double down, or just sit tight.

By the way I don't blame you, I thought the market was going to go up and it has gone down.

Crap, I missed your post where you sold. I am screwed.

BYU71 · 11-08-2007, 02:22 PM

By the way, I got bored this morning so I bought some OEX Nov. 700's. Paid 4.90 and they promptly went down to 4.00. It wasn't an investment, I got bored and did some gambling.

P.S. This is gambling and I strongly urge no one else to do this. Besides I just looked and they are now $5.40.

FMCoug · 11-08-2007, 05:50 PM

Greed kills. My GOOG was up 105% before today's bloodbath. Should have sold.

BYU71 · 11-08-2007, 08:24 PM

Quote:

Originally Posted by FMCoug

Greed kills. My GOOG was up 105% before today's bloodbath. Should have sold.

Too bad bud. Now they're down about 12%, perhaps they will pop back tomorrow.

My OEX's went from $5 to $4 to $5.80 clear down to $2.20 when the market was down 200. They closed at $3.40. I hope for a good opening and hope I can get out even. I got all the adrelin rush I needed for a day or two.

NorCal Cat · 11-08-2007, 08:42 PM

Quote:

Originally Posted by FMCoug

Greed kills.

Greed is good.

-Gordon Gecko

11-08-2007, 02:22 PM	#47
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	By the way, I got bored this morning so I bought some OEX Nov. 700's. Paid 4.90 and they promptly went down to 4.00. It wasn't an investment, I got bored and did some gambling. P.S. This is gambling and I strongly urge no one else to do this. Besides I just looked and they are now $5.40.

11-08-2007, 05:50 PM	#48
FMCoug Senior Member Join Date: Jan 2006 Location: Kaysville, UT Posts: 3,151	Greed kills. My GOOG was up 105% before today's bloodbath. Should have sold.