Hot Pick Of The Day

[New-born baby]

Aapl

It's a fact: AAPL is setting up for a huge explosion higher.

It's also a fact: JOYG is looking great. Should move at least another $7 higher.

[ninner]

joyg

hey NB did u get in JOYG today.....???????????

[Lyehopper]

Whatever happened to . . . ELN?

I just noticed: nobody talks about ELN anymore. And it just came off of an ugly double bottom to bust out higher, too.

Dude! You haven't been reading the other threads, no wonder your H/P ratio is so high.... jejeje

Jim Smith bought ELN yesterday and Doug has been talkin' about it too....

http://www.mrmarketishuge.com/showthread.php?t=1137&page=81

EDIT: I was wrong! Jim bought it last week 8/24/06....

[New-born baby]

hey NB did u get in JOYG today.....???????????

No, Ninner. I am waiting for the pullback.
I almost paid $6 for the DEC $40 calls. I should have because they went to $7.20 or so about an hour later, and I was kicking myself for not buying them. Very impressive day for JOYG.

[New-born baby]

Us Employment Report

PROBABLY will be blood in the street today now that the US JOB report came in stronger than expected. You know: good news is bad news on the Street.

[New-born baby]

Joyg

hey NB did u get in JOYG today.....???????????

JOYG: Bought the JAN $40 calls for $7.50.
SOLD the JAN $45 calls for $4.90.
RISK=$260 per contract.
Profit potential great than $240 per contract.

[IIC]

Dude! You haven't been reading the other threads, no wonder your H/P ratio is so high.... jejeje

Jim Smith bought ELN yesterday and Doug has been talkin' about it too....

http://www.mrmarketishuge.com/showthread.php?t=1137&page=81

EDIT: I was wrong! Jim bought it last week 8/24/06....

So did I for a D/T after Jim mentioned it...made a little

[New-born baby]

So did I for a D/T after Jim mentioned it...made a little

Good going--as per usual for Doug

[DSteckler]

JOYG: Bought the JAN $40 calls for $7.50.
SOLD the JAN $45 calls for $4.90.
RISK=$260 per contract.
Profit potential great than $240 per contract.

Huh? 'Splain, Ricky.

[New-born baby]

Huh? 'Splain, Ricky.

I bought the right to buy JOYG for $40 between now and JAN 07. It cost me $750 per contract.

I sold the right to someone else to buy JOYG from me for $45 between now and JAN 07 for $490 per contract.

IF JOYG is $42.60 or more in January, I start to make money.
IF JOYG is $50 in December, I may make more than the $240 you'd expect because of the erosion of the theta on the option, and the change of the delta. An in the money delta is higher than an out of the money delta. And , to a point, the deeper in the money you are, the higher the delta. See?

[DSteckler]

IF JOYG is $50 in December, I may make more than the $240 you'd expect because of the erosion of the theta on the option, and the change of the delta. An in the money delta is higher than an out of the money delta. And , to a point, the deeper in the money you are, the higher the delta. See?

You may but I doubt it. Looks like Risk is greater than Reward.

[New-born baby]

You may but I doubt it. Looks like Risk is greater than Reward.

Dave:
Then what play would you make with JOYG, if any at all?
Your comments welcome

[DSteckler]

Dave:
Then what play would you make with JOYG, if any at all?
Your comments welcome

I wouldn't. There is no spread where the reward is greater than the risk. I don't like doing option spreads when the odds are against me.

[spikefader]

Hey Newborn. JOYG is approaching weekly fuzzy C resistance at 45.50 from May this year. Bullish bias above and bearish bias below. I'll be looking for this kind of setup: Wait for it to trade at 47.75, then buy any 2% discount at 46.80, with a 3% stop under the fuzzy C support at 45.40. Target +35% to 63.60 gap. R/R is over 10 and I like 'em like that.

[ninner]

fuzzy c resistance

what does that mean..can u illustrate plz

cheers