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+--- Thread: March Options (/showthread.php?tid=6197)
March Options - Bondguy8 - 03-18-2014
With today's 10% move to the upside WITHOUT an audit release or even an earnings date, NQ implied volatility has spiked leaving March options to be at steep levels. The market seems to be pricing the chance that we get some real news this week with parabolic jump today in implied vol.
I am skeptical that we get a release this week (why this week vs next week or the week after?). What is everyone else's feelings? I am fully aware if you own common time value is not critical. But for those with options expiring this week or want to enter a position this week time is of utmost importance. How are others couching when we will get word (or have you become numb to it already)?
I may look like a jacka$$ if news is out tomorrow, but I have no better info action than anyone else.
RE: March Options - cliu89 - 03-18-2014
I close my sell put option for March, and sell 15 put option in April with a decent premium.
RE: March Options - bosreeno - 03-18-2014
Haven't been here in a while but I believe they have 90 days to report earnings. So it's likely this week or next for earnings.
If you're in the camp that says the earnings release is being held back for the IC audit (they may be allowed to do this - I don't think they are forced to release earnings when complete), then perhaps expect the IC audit this week with the earnings soon to follow.
Either way, by March 31st this will move one way or another.......
If you're not bullish on this, then there are just delays and issues with both........
RE: March Options - SmugHug - 03-18-2014
I sold my $15 March options last week, and used the gains to buy $25 Jan '15 calls. They're doing well, and I don't have any expiration angst. If the audit comes out and the share price jacks up, my Jan '15 calls will benefit too. That's not a bad consolation.
It seems like it's gonna be hard to sell my $10 calls with any kind of premium over share price, so I'll just ride it out and exercise them at expiry. Having more shares isn't such a bad thing.
RE: March Options - kshen - 03-18-2014
I exchanged a portion of my march 15s with June 20s. Biggest bang for the buck if you can get good prices
RE: March Options - admin - 03-18-2014
Either roll them over or roll the dice. I think the first makes more sense, but to each his/her own.
RE: March Options - Mountainbiker - 03-19-2014
The SP will be above $20 by end of Friday. The "big money" is going to keep it there. The strong hands are in control, weak hands had already been shaken out in the low $18's.
NQ Live will garner the most interest in the next few months. It is amazing how it works and where there are tremendous monetizing opportunities. Lots of partnerships and deals will be announced in Q2 2014.
RE: March Options - Mountainbiker - 03-20-2014
The Call options are firming up, a very good sign....
RE: March Options - StrongHand - 03-20-2014
I believe the most of those calls at $20 belong to Toro and Altimeter. Please remember both they bought 37,000 calls. I don't think they bought June calls, because those calls are too far away and the amount is small.
RE: March Options - Mountainbiker - 03-20-2014
'StrongHand' pid='39484' datel Wrote:I believe the most of those calls at $20 belong to Toro and Altimeter. Please remember both they bought 37,000 calls. I don't think they bought June calls, because those calls are too far away and the amount is small.
That's why the stock will be above $20 by end of Friday...they are going to take delivery of the shares....