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Thread: St. Jobs - Thanks for the £1680

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    Seething Cauldron of Hatred TheAnimus's Avatar
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    St. Jobs - Thanks for the £1680

    I think i might have to become an apple fan boy!

    thanks to an american expiry short option, with £200 i had (in-conviently) in dolllar, has now had to of been exercised.

    making a cool £1680 profit.

    Thanks to the iPhone mostly.
    AAPL - Apple Inc. - Google Finance

    what a great little punt.

    Anyone else shorting or looking at shorting tech stocks?
    throw new ArgumentException (String, String, Exception)

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    IBM
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    Re: St. Jobs - Thanks for the £1680

    No, but I will for that kind of profit.

    How do you go about it?
    sig removed by Zak33

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    Seething Cauldron of Hatred TheAnimus's Avatar
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    Re: St. Jobs - Thanks for the £1680

    Amazon.co.uk: Options, Futures and Other Derivatives: Student Solutions Manual: Books: John C. Hull



    Its worth noting i also lost £200 betting the wrong way with Intel. Their price shouldn't of dropped as much as it did IMO.

    Thats the problems with options, when your slightly wrong, your left with nothing. But when your buying the option, when people are having a tiny bit of a frenzy (see the post xmas hype of apple) then you can get them for a very low premium.
    throw new ArgumentException (String, String, Exception)

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    Re: St. Jobs - Thanks for the £1680

    care to inform us where to buy shares for free pref but if not for cheap? as i might get in on this, for fun and money.

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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by Cozwin View Post
    care to inform us where to buy shares for free pref but if not for cheap? as i might get in on this, for fun and money.
    shares arent free.....
    you should research into it before you get started

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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by moogle View Post
    shares arent free.....
    you should research into it before you get started
    I think he means with zero commision.

    Theres a fair few options places online, dont know which the op uses (work probably)

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    Seething Cauldron of Hatred TheAnimus's Avatar
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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by herulach View Post
    Theres a fair few options places online, dont know which the op uses (work probably)
    I could tell you that, but then i'd have too kill you.... well no, i'd have to ask compliance, and they scare me.

    It depends what your doing, often the places with low/no commission seam to have a stonking premium. But when your going against the heard, this dosen't matter so much, this is of course more risky.

    CityIndex allow a free sample spread betting account.

    Even people like LloydsTSB offer CFDs (Call For Difference) for £7.50 commision.
    throw new ArgumentException (String, String, Exception)

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    Re: St. Jobs - Thanks for the £1680

    pity you never took the nintendo ones ?
    my Virtualisation Blog http://jfvi.co.uk Virtualisation Podcast http://vsoup.net

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    Re: St. Jobs - Thanks for the £1680

    not really, would of lost probably.

    (i was looking at a butterfly for them, Butterfly Spread)

    Its the china telecom one that i'm still really stupid about.
    throw new ArgumentException (String, String, Exception)

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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by herulach View Post
    I think he means with zero commision.

    Theres a fair few options places online, dont know which the op uses (work probably)
    yer sorry thats what i ment, just a site without a commision or a small one if there is.

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    Now with added sobriety Rave's Avatar
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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by TheAnimus View Post
    Even people like LloydsTSB offer CFDs (Call For Difference) for £7.50 commision.
    I thought it was Contract For Difference. Anyway don't you have a potentially unlimited losses with those if the markets go the wrong way? I'm happy with taking highly leveraged punts, but not with potentially unlimited losses. Can I buy options (or the equivalent thereof- I.E. no potential loss beyond my option premium) on the spread betting sites?

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    Re: St. Jobs - Thanks for the £1680

    Only if you sell call options your maximum loss can be anything (puts are limited to the strike because share price can't fall below 0)... if you buy options the maximum you can lose is the premium...

    Exotic options is where the money is at but you need the capability to hedge which individuals don't have...

    Animus, did you sell the options or exercise them? When was the exercise date?

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    Now with added sobriety Rave's Avatar
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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by SiM View Post
    Only if you sell call options your maximum loss can be anything (puts are limited to the strike because share price can't fall below 0)... if you buy options the maximum you can lose is the premium...
    I'm a bear by nature, I would only be buying call options.

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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by Rave View Post
    I'm a bear by nature, I would only be buying call options.
    You can buy puts too...

    Also there is a huge amount of other financial instruments that you could take a punt on... I would rather take a punt on commodities futures or FX options rather than equities... Buy gold futures!

    Well I haven't been closely following the markets so I might be wrong, but at the moment as volatility is high option prices are going to be expensive... ie. its probably not a good time to buy them!

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    Now with added sobriety Rave's Avatar
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    Re: St. Jobs - Thanks for the £1680

    I meant puts- I'm a dopey git sometimes

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    Re: St. Jobs - Thanks for the £1680

    Quote Originally Posted by TheAnimus View Post
    thanks to an american expiry short option, with £200 i had (in-conviently) in dolllar, has now had to of been exercised.
    I thought you worked at an IB? Most IBs I know of prevent employees short- or option- trading for their own personal accounts.

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