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Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?

To: taxikid who wrote (4155)	7/8/1998 1:17:00 AM
From: gambler	Respond to of 4339

PFE is going to rock tomorrow and into earnings, which I believe are July 15. Great press after the bell and there is going to be a huge pre-earnings run-up IMO. I predict about $120 before earnings. I am blowing out of most, if not all, my July calls the day before the earnings announcement. Not taking any chances. Anticipation is too great to risk any bit of a let down. I'm sure people are expecting them to beat by a wide margin. Here is the press I am talking about: biz.yahoo.com Enjoy! Gambler

To: taxikid who wrote (4155)	7/8/1998 1:48:00 AM
From: gambler	Read Replies (2) \| Respond to of 4339

YHOO straddle for earnings release after the close today (Wed). Beauty play IMO. I was eyeing this play last earnings period and the stock was around $95 or so, as I remember. The straddle (95 call/95 put) cost me around $11 per share. Total of $1100 for the whole deal. Well YHOO beat, as you know, and the stock shot to like $125 or so. Anyways the straddle was worth around $3000. It turned out to be about a 300% increase. They are a lot more expensive this time and we are looking at about: With the stock at 191 July 190 call 13 3/4 July 190 put 12 So a total cost of 25 3/4 So we need it to move either down past 165 1/4 or up past 216 3/4. I know it sounds like a long shot, but it really isn't. I believe strongly that a stock split will be announced along with earnings. I am not going to speculate on earnings as I have no idea and don't care. If Jack be nimble and Jack be quick he can make money on an up or downtick. Translation: make money on the calls or puts and jump ship and wait for it to go the other way to try to salvage some premium on the remaining calls or puts. Have fun! Gambler P.S. Another helpful tip: If you think you can judge the direction of this crazy high-flier, than try legging in to the play. For example if it is at $187 and you can see it is going down (Level II or something) then buy your $185 put now and wait till the stock drops to $185 or slightly below to buy your call. It will save you some premium. Now this is risky as HELL, but if you can pull it off. <APPLAUSE!!!!!> CLAP CLAP

To: taxikid who wrote (4155)	7/8/1998 3:07:00 AM
From: gambler	Respond to of 4339

AMZN puts!!! But dammit this one is so damn scary. Just keeps going up and up and up. Pulled back nicely today though. If you buy puts, buy them expecting to watch every cent you have invested go bye bye. Also realize someday if you keep buying puts, you will be right and it will fall, but who knows how long that will be? I believe the downside now is just as great as we have seen the recent upside in the last 2 months. Play if you dare!!! If you have any type of heart conditions don't play AMZN puts, also stay away from Viagra while you are at it. Gambler