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VRNG
May 7th - Bought to open 10 Jan. 2014 $3.00 calls for 75 cents.
May 7th - Sold to open 10 May $3.00 calls for 17 cents.
May 17th - Bought to close 10 May $3.00 calls for 1 cent in case of after hours news.
May 30th - Sold to open 10 June $4.00 calls for 17 cents on stock pop and increased volatility.
Previous entry point was $2.89 and sold at $3.10 after a lengthy stagnant period.
It exceeded $3.10 so re-entered May 5th at $2.98. Looking to exit at $3.12 or $3.17.
Calls held for longer term.
Bought 1000 TIVO at $13.68 and sold the June 7th $13.50 call for $1.03. Huge spike in the stock and option premiums of close to $1.00 per share and only 24 hours to go until expiration. Somebody knows something, or somebody thinks they know something. Either way my net cost was $12.65.
Bought 1000 TIVO at $13.68 and sold the June 7th $13.50 call for $1.03. Huge spike in the stock and option premiums of close to $1.00 per share and only 24 hours to go until expiration. Somebody knows something, or somebody thinks they know something. Either way my net cost was $12.65.
It spiked because they won an out-of-court settlement against Motorola for patent infringement.
It spiked because they won an out-of-court settlement against Motorola for patent infringement.
The news I read was that they settled. They were to go to trial next week on June 10th with hopes of winning. Google may have prefered to pay now or pay more later. The terms of the settlement are not known. My hope is that the terms are not made public until after 5pm tomorrow.
There have been people who said a takeover of Tivo could not take place until all litigation is out of the way. They would still be valuable to someone, maybe even Apple as part of an iTV.
Yes. You are correct long term is the way to go. I also have an office job, I have two monitors in my cube. On the side of the screen I have google stock ticker running. It keeps me update on my stock. I don't have super computer or any of the tools. When I see something I like, I jump on it. I did loose lot of money in the past but trying not to jump too much when the news hits.
First of all, if you are sitting at a cube, you don't have anyone come up to your desk from behind? Have they seen you trading at work? You are obviously not doing your job, unless you are a professional money manager trading for clients.
Second, I exaggerated a bit. Not necessarily a super computer. But we all know that Google Finance doesn't reflect real time price quotes. And you have to keep on clicking on the refresh button. Google Finance doesn't offer 1 min charts or anything. They are only available through 3rd party tools, and 3rd party tools are typically forbidden from being installed on work computers. So how do you manage all these issues?
Other than these technical challenges, trading can be quite emotional sometimes and that interferes work.
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