SIRI Monthly Thread October 2015 (with NFL Chat)

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Originally Posted by user34615145

I'm gonna make an earnings trade on NFLX. They report Q3 after the close on Wed. 10/16. $.08/share on $1.75 billion in rev's seems to be the consensus.

Stock is currently trading around $114/share with a P/E of 256 - so it's priced for perfection and has a history of being pretty volatile on earnings hit/misses.

I'm gonna try and take advantage of that volatility and sell the Oct16 $100 PUT for $2.35-$2.50, meaning I'll get PUT (have to buy) the stock at $100 if they miss and the stock pulls back to below $100. If they do well, or at least don't do so poorly that the stock pulls back to under $100, then I get to keep the premium.

If I do get put the stock, my plan is to turn around and sell covered calls against the holdings in order to at least get back to even.

So fasten your seatbelts kids cause daddy needs $$$ for a new six iron!

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Originally Posted by waldo29

Nice recovery during the CC, you may not get put the stock.

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Originally Posted by midas360

Oh you are going to get put the stock. No question about that :)

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Watching this battle around $101 right now...actually hoping it dips below $100. I sold those puts for $2.35 and could buy them back right now for $1.10 but I'm gonna leave them out there cause I'd actually like to get put the stock.

Large Outflow of Money Witnessed in Sirius XM Holdings Inc.

Edit: @User... $100.96 It could happen :)

Edit: $99.90

DM is a douchebag.

Quote:

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Originally Posted by midas360

Large Outflow of Money Witnessed in Sirius XM Holdings Inc.

Edit: @User... $100.96 It could happen :)

Edit: $99.90

DM is a douchebag.

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yup....just need it to stay right here. Of course it won't though...it'll either recover or head down to like $85 and I'm screwed. :eek:
Naked Put...I'm exposed to everything below $97.65 (my B/E).

SIRI looking like it wants to run int OpEx or Earnings. I can't tell which.

Penny a day keeps the shorts away. I will take 1 penny every day if it will help.

bcoz Speak! :)

Now I know I'm living in a world I don't understand. The Chicago Cubs are favorites to win the World-freaking-Series!??

http://sports.yahoo.com/blogs/mlb-bi...031441124.html

Just like it was scripted....Oh wait....it WAS scripted - in Back to the Future 2!
https://www.youtube.com/watch?v=H9ejF2wM-vs

great day! let's keep this doggy movin!!! :rain: :cheers:

If history repeats itself....we should have Stern news around the first week of December.

Does anyone actively listen to Stern here? Just wondering if he is dropping any hints

When he signed his last K he stated this would be his last 5 years and then he was going on to create his own business.

Personally I think he stays.

3 Things to Watch When Sirius XM Reports Next Week