Posted on 07/26/2015 7:55:23 PM PDT by Timber Rattler
Last week Microsoft MSFT confirmed every Windows 10 update will mandatory and installed automatically. This was met with a hostile reception from Forbes readers with over 100 comments on my news article voicing their concern. And now some of those fears have been realised…
With just four days left before launch, Windows 10’s policy of automatic updates has run into its first major problem and it is causing many PCs to stop working correctly.
(Excerpt) Read more at forbes.com ...
I trade them dummy...
Now I can't tell you if he sold calls or bought puts, I did not ask.
The fact is he made a pile, off of a apple short, which is saying something about him and I was impressed. Considering he is only a 20 something...
Now go pout someplace where people love you.
Again sword dude, he lives in Dubai and he sent me a card from Switzerland...so have a nice day..
LoLOLOLOLOLOLOL
You don’t have to exercise options to trade them, and since they are leveraged they make or lose more than the underlying stock, not less.
That's 250K shares there buddy....and generally if you have to keep a contract until the expiration, you already lost...
I don't use option as he does, because I'm retired and can't take the risk, but I do occasionally trade them in pairs or use them with covered calls. In that case you do keep them until expiration or just before, as a general rule you buy or sell long dated..
But I am more into stocks and I don't hold them long, I just rent them.
As a disclosure, I have never been either long or short Apple. Your head can spin in it's socket all day and every day sword man, because that is why I shared that little anecdote with you. I know how to push your buttons..
You might want to look into that..
WOW! You've been insulting me all along in this thread. . . a sure sign you have no facts to support your position. I shall not reciprocate.
I have degrees in Economics and Finance. I've been a CEO. I do know what I am talking about. Your claims I don't know what I'm talking about don't wash when you take snippets from my replies out of context to make straw man claims about my lack of knowledge. I've made that point about trading. . . for pennies per share option, several times. And yes, I know they are trading in blocks of shares.
It's obvious when you don't have a clue what you are talking about in this area when you don't seem to know that puts and calls are opposite in function. If he's shorting an existing derivative contract, it's short put contracts he's bought, not a calls. Those are called long calls. Or, he's creating them himself.
I would, if I were your friend, unless I had insider knowledge about what the media was going to pull, most likely have made a straddle on AAPL approaching the Financial Call because of the volatile reactions of the market to such announcements and the fact it could go either way with the fickle stock market. . . if I did not know the history of the manipulators who make sure that neither puts nor calls have any value by the time the strike date arrives. They NEVER do.
There are ways to do an short put. . . but they can be very risky because you should put up cash equal to the value of the stock you are shorting. Short puts profit by the amount of the credit if the stock is above the strike price at expiration: The maximum profit is the credit that you took into your account when you sell the put. For example, with a stock at $131, let's say you sold the 130 put for $3. You get to keep your $3 credit if at expiration the stock is anywhere above 130. If the stock is at 127.50 at expiration, you will have made $2.50, but you also will be assigned and have to purchase the stock at 127.50. (This is why it's advisable to secure the put with cash.) The strategy is actually profitable down to $127, since you did get a credit. Most traders close out the position prior to expiration if they can buy back the option for a much lower price than they sold it, for instance selling the put for $3.00, and buying back for $.35.
Perhaps that is what your friend did. . . but it still would not be enough for a "long vacation" which he has, according to you, already taken. Of course, you did say 2500. . . so maybe. I forgot the quantity.
It would still be smarter to straddle AAPL with both a short put and a long call and play both ends against the middle, especially if, as you say he's a day trader and can watch these options in real time. . . and he'd have to wait until July 24th. . . or July 31st to cash in, unless he was merely trading and bought them back discounted, trading in and out as they go up and down. The big money is for the creators of the short puts.
WOW! Adding verisimilitude. . . you got your postcard from Switzerland very quickly . . . I'm impressed at the speed of the International post.
By the way, I'm glad your friend made a big pile of money. . . but I bet he did a straddle. . . if he did it last week. Which frankly, Cold Heat, I don't believe for an instant.
You do recall you've used a very similar/same anecdote before, don't you?
Same claims, same arguments, same shorting, same friend, same vacation, same postcard, same insults. . . months ago, maybe a year? Then, IIRC, it was about buying several Apple iPhone 6plusses over the counter on release day, "unlocked" without contracts when Apple was not selling unlocked iPhone 6plus without contracts. . . and then deciding it was a piece of junk and going home and shorting the stock. it's getting old. I find it hard to believe that the same thing happens twice. Really?
Then it's quite clear that you are a Apple buttboy and a idiot.
More rude insults and non sequiturs. . . with poor grammar to boot. You have no answer to the charge you used this SAME anecdote when the iPhone 6plus came out and you are OUTED as a prevaricator. . .
That's great news. Two of my higher-end PC's have NVIDIA cards in them for gaming and I was constantly getting the KERNEL_AUTO_BOOST blue screen of death because of the driver issues.
Got so bad I had to go out and buy a low end video card as a temporary fix. The drivers with that $39 card worked fine. The drivers for my GTX 970's would just randomly cause the KERNEL_AUTO_BOOST blue screen and memory dump whenever it felt like it.
Personally I'm holding off on the upgrade to Windows 10 until that driver issue is fixed on the machines I have with NVIDIA cards. The rest can get updated anytime.
You didn't read your tagline before clicking "OK".
Cordially,
I sure don't....it's the first time, because he is one of the few people I call a friend.
Same claims, same arguments, same shorting, same friend, same vacation, same postcard, same insults. . . months ago, maybe a year? Then, IIRC, it was about buying several Apple iPhone 6plusses over the counter on release day, "unlocked" without contracts when Apple was not selling unlocked iPhone 6plus without contracts. . . and then deciding it was a piece of junk and going home and shorting the stock. it's getting old. I find it hard to believe that the same thing happens twice. Really?
Obviously. (maybe not so obvious to you) you have me confused in your brilliant mind with someone else.
BTW....I am not going to0 address all of the errors in your post, but in the trading community, we refer to any device used to make money on a falling stock as a short, no matter how you arrange the options or if you use any other derivatives. It's still a short trade because you are playing the downside and the underlying stock has to lose money for you to make a profit.
All you know is textbook crap you learned in school.
BTW, I was also a CEO, studied business admin in college and have a degree. But I don't use much of that to trade stocks, with the exception of the accounting knowledge that helps a little with reading a 10K.
No, your problem is your goat stinking personality.
I would also add that the entire reason for a technical preview and public beta is to identify and correct these types of issues.
To that end, mission accomplished!
I've been running Windows 10 since the first developer preview and helped report alot of bugs. That was the entire point of the public beta.
Some people seem to forget that. There was alot of whining on the Windows 10 support forums too. I'd hope Microsoft would at least have the brains to figure out how to word a questionnaire to qualify people for public beta and filter out the whiners who are obviously lacking in any technical and diagnostic skills whatsoever. It was really hard not to type "what kind of f***ing idiot are you?!" at so many of the posts on the Windows 10 support forum ..........
I just rolled mine back to the previous drivers and have refused the updates until they fix it...
Good to know they have it under control..
It's hard not to type that on any forum these days....lol
But sometimes you just have to do it..:-)
Not me bubba....
Try again...
More insults. You most certainly did use this very same anecdote. . . and I know very well the terminology. You can keep your "corrections" to yourself, Cold. They will be incorrect, because before I posted them, I checked them with authoritative sources, because it has been a long time since I've needed to use them. I did not want to trust my now admittedly rusty recall.
You were the one who couldn't call it a put or a call. You are the one who is insulting people, calling names and repeating old anecdotes. I just called you on your BS!
You're the one who kept dancing, adding things, changing your "story," trying to make it more believable. As you kept adding to your story, it got more and more familiar, and I suddenly realized we've gone around this same barn before, always with the same purpose of pushing your anti-Apple hate brigade agenda and denigrating me. I am not going to go back and find the original instance, but I recall the discussion quite well. Nice try, Cold Heat.
Maybe you should....
Oh, we have been into it before, but it was regarding Apple security. You seem to think that nobody can track you if you have a Apple..IIRC the conversation got a bit heated. While I am not a cell phone tech head, I do know a little bit about how one can track a individual. (and I don't know near enough because they keep finding new ways)
But you just carry on. I am a big boy and can handle your spit wads.
I told you, it was not my trade and I did not ask, but he usually uses puts. But I don't know if he used a tandem setup or what...
And if I did know, which I don't, why would that be important to you.
That trade is long over..he called it days before the CC. Got out shortly after. He made out like a fat rat...because we all know how that high flyer trades, and if they put out decent numbers and fail to meet some analysts expectations, the stock takes a nose dive for a short period of time.
All of the high flyer (high multiple) tech stocks do this..
It was a great call.
If you had the slightest idea of what I'm talking about, you would agree, but you don't and you don't. In fact you take it personally.
If I were you, I would stay clear of stock trading. You are far too emotionally connected to the tools used to make money. And a stock, any stock, is just a tool to be used to make money.
Actually, no, they don't. Only AAPL does this. . . and what is high multiple about 14 PE? Back out the $203 Billion cash position of Apple and that is more like an 11 PE. It certainly is not the stratospheric multiples of Amazon 1050:1, Netflix's 420 or Google's and Microsoft's 32 to 35 which are both more than double what Apple's is. All the fundamentals show that AAPL is undervalued compared to the market. See? You don't know what you are talking about.
It was a great gamble. . . based on manipulation of the news, not on the actual factual record results. It was pure FUD manipulation of the news cycle made possible by some anal-cysts in the news media who connived to make it happen by lying about the results for a few short hours before correcting their lies. Long enough to do damage. . . and enrich their buddies who knew they were going to do it at the expense of little traders who believed the crooks. It was dishonest and reprehensible.
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